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3 star

Edelweiss Banking and PSU Debt Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 Lakh

Suitability:

Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 12.09 -0.07 0.79 2.40 1.77 7.58 13.99 10.28 9.13 9.35 --
CCIL T Bill Liquidity Weight 2.75 0.01 0.07 0.25 0.62 1.30 3.29 3.95 4.14 4.57 --
Debt: Banking and PSU 8.74 -0.03 0.20 1.38 1.49 6.02 10.02 8.45 8.40 8.75 --
Rank within category 1 20 1 1 3 1 1 1 1 2 --
Number of funds in category 19 21 20 20 20 19 19 16 14 10 3

As on 27-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Edelweiss Banking and PSU Debt Fund - Regular Plan  | Invest Online
3 star
Sep-13 13.99 10.28 9.13 0.55 374
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 10.87 9.43 8.59 0.65 18,980
Axis Banking & PSU Debt Fund
5 star
Jun-12 9.62 9.16 8.66 0.62 17,591
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 10.76 8.92 8.81 0.74 9,277
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
May-15 10.95 8.94 8.77 0.80 6,429

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.12 (24-Mar-2020 - 31-Mar-2020) -2.97 (31-Mar-2020 - 09-Apr-2020)
Month 4.97 (24-Mar-2020 - 23-Apr-2020) -3.16 (20-Feb-2020 - 23-Mar-2020)
Quarter 9.03 (13-Apr-2020 - 13-Jul-2020) -0.15 (05-Apr-2018 - 05-Jul-2018)
Year 15.65 (08-Mar-2019 - 09-Mar-2020) 3.75 (09-Jun-2017 - 11-Jun-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.28 3.14 1.34 2.71 3.16 7.88
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Banking and PSU 7.94 2.36 1.32 2.65 2.24 5.48
Rank within category 1 16 10 9 16 1
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 24 24 15 82
Modified Duration (yrs) 6.00 6.20 5.85 2.82
Average Maturity (yrs) 8.60 9.29 8.60 3.68
Yield to Maturity (%) 6.75 7.84 6.43 5.36
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.30% NTPC 15/01/2029 Debenture AAA 4.30 - 9.15 8.82
equal 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 2.34 - 8.63 8.38
equal 8.37% HUDCO 25/03/2029 Debenture AAA 0.00 - 8.22 7.37
equal 8.24% National Bank Agr. Rur. Devp 22/03/2029 Debenture AAA 4.30 - 9.57 7.35
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 3.65 - 6.53 5.89
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 6.25 5.62
equal 7.64% Food Corporation of India 2029 Debenture AAA 0.00 - 6.26 5.61
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 7.97 5.46
equal 8.85% REC 16/04/2029 Non Convertible Debenture AAA 4.26 - 7.67 4.40
equal 8.83% Export-Import Bank 2029 Bonds AAA 0.00 - 5.83 3.06
equal 8.95% Food Corporation of India 2029 Debenture AAA 3.03 - 7.59 3.03
equal 8.60% Axis Bank 28/12/2028 Non Convertible Debenture AAA 2.26 - 5.79 2.96
equal 8.70% LIC Housing Fin. 23/03/2029 Debenture AAA 2.94 - 7.73 2.94
equal 8.12% NHPC 22/03/2029 Debenture AAA 2.94 - 7.72 2.94
equal 8.55% HDFC 27/03/2029 Debenture AAA 2.92 - 8.14 2.92
equal 7.41% Indian Oil Corp. 22/10/2029 Debenture AAA 0.00 - 4.12 2.80
equal 7.34% Power Grid Corporation 15/07/2029 Debenture AAA 1.58 - 4.05 2.79
equal 7.03% HPCL 2030 Debenture AAA 0.00 - 4.47 2.74
equal 7.41% Power Finance Corp. 25/02/2030 Debenture AAA 0.00 - 2.75 2.70
equal 7.50% REC 28/02/2030 Debenture AAA 0.00 - 3.87 2.17
equal 8.40% Nuclear Power Corpn. 28/11/2029 Bonds/NCDs AAA 0.00 - 2.69 1.50
equal 8.24% Power Grid Corporation 14/02/2029 Debenture AAA 1.48 - 4.63 1.48
down 5.79% GOI 2030 GOI Securities SOV 0.00 - 7.24 1.31
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 1.49 0.83

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2020

Fund Manager

— Gautam Kaul since 11-Dec-2017

Education: Mr. Kaul is a B.Com (H) and MBA (Finance).

Experience: Prior to joining Edelweiss AMC he has worked with Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd..

Funds Managed:


-0.07%

Change from previous, NAV as on 27-Oct-2020

Growth: ₹ 18.9321

Dividend Weekly: ₹ 10.5415

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Dividend Monthly: ₹ 11.3103

Dividend Fortnightly: ₹ 15.1536

Dividend: ₹ 18.6557


Investment Strategy

The Scheme seeks to generate income by investing predominantly in a portfolio of Debt Securities and Money Market Instruments issued by banks, PSUs, Public Financial Institutions, entities major owned by Central and State Governments and Municipal Bonds.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 13-Sep-2013
Return Since Launch: 9.37%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 374 Cr (As on 30-Sep-2020)
Expense: 0.55% (As on 30-Sep-2020)
Risk Grade: High
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly26-Oct-20200.2081

 27-Jul-20201.6900
 26-Nov-20180.0612
 25-Oct-20180.0270
 27-Aug-20180.0463
 25-Jul-20180.0562
 25-Jun-20180.0175
 26-Mar-20180.0852
 26-Feb-20180.0104
 25-Jan-20180.0289
 26-Dec-20170.0028
 27-Nov-20170.0087
 25-Oct-20170.0507
 25-Sep-20170.0077
 28-Aug-20170.0378
 25-Jul-20170.0667
 27-Jun-20170.0690
 25-May-20170.0604
 25-Apr-20170.0342
 29-Mar-20170.0333
 28-Feb-20170.0136
 27-Jan-20170.0637
 27-Dec-20160.0811
 25-Oct-20160.0449
 26-Sep-20160.0499
Dividend Weekly20-Oct-20200.0365

 13-Oct-20200.0359
 04-Aug-20200.0256
 14-Jul-20200.0663
 07-Jul-20200.0961
 30-Jun-20200.0718
 23-Jun-20200.0656
 16-Jun-20200.0165
 09-Jun-20200.0252
 26-May-20200.0696
 19-May-20200.0638
 05-May-20200.0923
 21-Apr-20200.0814
 03-Mar-20200.0234
 25-Feb-20200.0242
 19-Feb-20200.0421
 11-Feb-20200.0906
 04-Feb-20200.0468
 28-Jan-20200.0081
 21-Jan-20200.0357
 03-Dec-20190.0296
 26-Nov-20190.0306
 19-Nov-20190.0365
 13-Nov-20190.0213
 05-Nov-20190.0083
Dividend Fortnightly14-Oct-20200.1250

 14-Jul-20200.2410
 29-Jun-20200.1894
 15-Jun-20200.0624
 28-May-20200.1321
 14-May-20200.2332
 30-Mar-20200.0998
 28-Feb-20200.0085
 14-Feb-20200.2761
 28-Jan-20200.0742
 30-Dec-20190.0087
 28-Nov-20190.1018
 14-Nov-20190.0599
 29-Oct-20190.0709
 14-Oct-20190.0353
 30-Sep-20190.0101
 16-Sep-20190.0077
 28-Aug-20190.0045
 15-Jul-20190.3384
 28-Jun-20190.0088
 14-Jun-20190.1179
 28-May-20190.1845
 14-May-20190.0214
 28-Mar-20190.2931
 28-Dec-20150.0256
Dividend27-Jul-20200.2700

Contact Information

AMC: Edelweiss Asset Management Ltd.

Address: 801- 802 & 803 - 8th Floor, Windsor Off C.S.T. Road, Kalina-Santacruz (E), Mumbai - 400098

Phone: 40933400 / 1800-425-0090

Email: [email protected]

Website: http://www.edelweissmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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