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Edelweiss Banking and PSU Debt Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 3.41 0.30 0.15 2.71 4.05 6.25 15.24 9.12 8.56 -- --
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 -- --
Debt: Banking and PSU 2.09 0.11 0.05 1.40 2.46 4.70 10.97 7.96 8.18 -- --
Rank within category 1 1 1 1 1 1 1 1 5 -- --
Number of funds in category 19 19 19 19 19 18 17 15 13 5 3

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.94 (01-Jul-2019 - 08-Jul-2019) -1.41 (04-Dec-2019 - 11-Dec-2019)
Month 3.35 (11-Jun-2019 - 11-Jul-2019) -1.11 (17-Apr-2018 - 17-May-2018)
Quarter 6.72 (16-Apr-2019 - 16-Jul-2019) -0.15 (05-Apr-2018 - 05-Jul-2018)
Year 15.18 (15-Feb-2019 - 17-Feb-2020) 3.75 (09-Jun-2017 - 11-Jun-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.89 2.36 0.94 2.02 5.66 11.32
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Banking and PSU 7.18 2.04 0.86 1.66 4.66 9.00
Rank within category 2 16 8 6 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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 19 10 68
Modified Duration (yrs) 5.91 6.32 1.95 --
Average Maturity (yrs) 8.91 9.57 2.51 --
Yield to Maturity (%) 7.84 8.74 7.47 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 8.41% HUDCO 15/03/2029 Debenture AAA 0.00 - 9.16 9.16
equal 8.24% National Bank Agr. Rur. Devp 22/03/2029 Debenture AAA 0.00 - 9.57 8.48
up 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 6.81 6.52
equal 8.30% NTPC 15/01/2029 Debenture AAA 0.00 - 9.40 6.51
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 0.00 - 9.82 6.38
equal 8.55% HDFC 27/03/2029 Debenture AAA 0.00 - 9.08 5.81
equal 8.85% REC 16/04/2029 Non Convertible Debenture AAA 0.00 - 9.61 5.52
equal 8.70% LIC Housing Fin. 23/03/2029 Debenture AAA 0.00 - 9.76 5.48
equal 8.12% NHPC 22/03/2029 Debenture AAA 0.00 - 9.68 5.48
equal 8.95% Food Corporation of India 2029 Debenture AAA 0.00 - 9.59 5.35
up 8.60% Axis Bank 28/12/2028 Non Convertible Debenture AAA 0.00 - 5.27 5.27
equal 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 0.00 - 5.42 4.41
equal 8.83% Export-Import Bank 2029 Bonds AAA 0.00 - 4.13 3.36
equal 8.24% Power Grid Corporation 14/02/2029 Debenture AAA 0.00 - 5.81 3.27
new 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 3.08 3.08
equal 7.50% IRFC 2029 Debenture AAA 0.00 - 4.44 3.06
equal 7.64% Food Corporation of India 2029 Debenture AAA 0.00 - 3.12 2.78
new 8.40% Nuclear Power Corpn. 28/11/2029 Bonds/NCDs AAA 0.00 - 2.65 2.65
equal 7.34% Power Grid Corporation 15/07/2029 Debenture AAA 0.00 - 2.90 1.83

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 31-Jan-2020

*As on 31-Dec-2019

Fund Manager

— Dhawal Dalal since 26-Nov-2016

Education: Mr. Dalal is a B.E and MBA.

Experience: Prior to joining Edelweiss AMC he has worked with DSP Mutual Fund, Merrill Lynch Asset Management, Private Client Group and MLAM.

Funds Managed:

— 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:


0.30%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 17.4650

Dividend Weekly: ₹ 10.5063

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Dividend Monthly: ₹ 12.2134

Dividend Fortnightly: ₹ 15.0661

Dividend: ₹ 17.4635


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: 9.03%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 163 Cr (As on 31-Jan-2020)
Expense: 0.55% (As on 31-Jan-2020)
Risk Grade: High
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly19-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
 29-Oct-20190.0323
 22-Oct-20190.0058
 03-Sep-20190.0331
 27-Aug-20190.0194
 06-Aug-20190.0155
 16-Jul-20190.0581
 09-Jul-20190.1295
 18-Jun-20190.0526
 04-Jun-20190.0650
 28-May-20190.0868
 21-May-20190.0401
 02-Apr-20190.0464
 26-Mar-20190.0229
 19-Mar-20190.0254
 12-Mar-20190.0516
Dividend Fortnightly14-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
 30-Nov-20150.0571
 14-Jul-20150.0453
 29-Jun-20150.0658
 15-Jun-20150.0500
 28-Apr-20150.0077
 15-Apr-20150.0511
 30-Mar-20150.0271
 16-Mar-20150.0093
Dividend Monthly26-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
 25-Aug-20160.0496
 25-Jul-20160.0614

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: 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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