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2 star

Edelweiss Banking and PSU Debt Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 4.34 0.12 0.21 0.72 1.79 3.01 4.72 10.35 8.37 8.38 --
CCIL T Bill Liquidity Weight 1.85 0.02 0.06 0.18 0.45 1.07 1.97 3.22 3.54 3.99 --
Debt: Banking and PSU 3.30 0.04 0.10 0.46 0.82 2.09 3.56 8.00 7.05 7.74 --
Rank within category 1 2 1 2 1 1 1 1 1 1 --
Number of funds in category 21 22 22 22 22 22 20 17 15 13 3

As on 30-Nov-2021

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
2 star
Sep-13 4.72 10.35 8.37 0.64% 446
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 3.40 8.83 7.69 0.62% 18,845
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 3.70 8.39 7.03 0.70% 18,115
Axis Banking & PSU Debt Fund
4 star
Jun-12 3.33 8.06 7.60 0.62% 16,526
ICICI Prudential Banking & PSU Debt Fund  | Invest Now
4 star
Jan-10 4.69 8.11 6.79 0.80% 13,926

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 -2.07 27-Nov-2020 - 26-Feb-2021
Year 15.65 08-Mar-2019 - 09-Mar-2020 3.70 10-Jul-2020 - 12-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.09 3.80 1.64 2.34 3.11 8.13
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Banking and PSU 8.00 2.46 1.82 3.58 2.38 5.59
Rank within category 1 16 15 15 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-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 28 26 80
Modified Duration (yrs) 5.51 6.01 5.51 --
Average Maturity (yrs) 7.62 8.56 7.62 --
Yield to Maturity (%) 6.68 7.06 6.49 --
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 8.37% Housing & Urban Development Corporation 25/03/2029 Debenture AAA 5.72 - 8.65 8.65
equal 7.48% Indian Railway Finance Corporation 13/08/2029 Non Convertible Debenture AAA 7.07 - 8.19 8.19
equal 8.24% National Bank Agr. Rur. Devp 22/03/2029 Debenture AAA 6.06 - 9.98 7.34
equal 7.41% Indian Oil Corporation 22/10/2029 Debenture AAA 6.08 - 7.00 7.00
down 8.30% NTPC 15/01/2029 Debenture AAA 6.13 - 7.28 6.13
equal 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 5.74 5.74
equal 7.64% Food Corporation of India 2029 Debenture AAA 4.62 - 5.58 5.58
equal 8.85% REC 16/04/2029 Non Convertible Debenture AAA 4.51 - 7.65 4.60
equal 7.03% Hindustan Petroleum Corporation 2030 Debenture AAA 3.94 - 4.54 4.54
equal 7.41% Power Finance Corporation 25/02/2030 Debenture AAA 0.00 - 4.38 3.46
down 6.45% GOI 2029 GOI Securities SOV 3.38 - 10.16 3.38
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 1.60 - 3.04 3.04
equal 8.83% Export-Import Bank 2029 Bonds AAA 2.19 - 2.53 2.53
equal 8.85% Power Finance Corporation 25/05/2029 Bonds/NCDs AAA 2.45 - 4.90 2.49
equal 8.60% Axis Bank 28/12/2028 Non Convertible Debenture AAA 2.14 - 2.48 2.48
equal 8.55% HDFC 27/03/2029 Debenture AAA 2.10 - 2.45 2.45
equal 8.12% NHPC 22/03/2029 Debenture AAA 2.12 - 2.45 2.45
equal 8.13% Nuclear Power Corpn. 28/03/2029 Debenture AAA 0.00 - 2.44 2.44
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 2.09 - 2.43 2.43
equal 8.09% NLC India 29/05/2029 Non Convertible Debenture AAA 2.09 - 2.42 2.42
equal 7.34% Power Grid Corporation 15/07/2029 Debenture AAA 2.01 - 2.32 2.32
equal 7.50% REC 28/02/2030 Debenture AAA 1.58 - 1.85 1.85
equal 8.40% Nuclear Power Corpn. 28/11/2029 Bonds/NCDs AAA 1.08 - 1.25 1.25
equal 8.95% Food Corporation of India 2029 Debenture AAA 1.13 - 2.49 1.25
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 1.01 - 4.67 1.18

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-Oct-2021

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:

— Rahul Dedhia since 23-Nov-2021

Education: Mr. Dedhia is a B.E. (Electronics) and also holds a PGeMBA - Finance.

Experience: Prior to joining Edelweiss Mutual Fund, he has worked with PGIM India Mutual Fund as Assistant Fund Manager.

Funds Managed:


0.12%

Change from previous, NAV as on 30-Nov-2021

Growth: ₹ 19.8985

IDCW Weekly: ₹ 10.3200

More

IDCW Monthly: ₹ 11.2683

IDCW Fortnightly: ₹ 14.8659

IDCW: ₹ 18.4339


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 13-Sep-2013
Return Since Launch: 8.73%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 446 Cr (As on 31-Oct-2021)
Expense: 0.64% (As on 31-Oct-2021)
Risk Grade: High
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Fortnightly29-Nov-20210.0605

 15-Nov-20210.0458
 28-Oct-20210.0227
 28-Sep-20210.0300
 14-Sep-20210.1624
 30-Aug-20210.0836
 17-Aug-20210.0563
 28-Jul-20210.0069
 14-Jul-20210.0122
 14-Jun-20210.1021
 28-May-20210.0459
 16-May-20210.0763
 28-Apr-20210.0468
 15-Apr-20210.0575
 28-Jan-20210.0275
 14-Jan-20210.0082
 28-Dec-20200.0261
 14-Dec-20200.0182
 01-Dec-20200.0250
 17-Nov-20200.0172
 28-Oct-20200.1036
 14-Oct-20200.1250
 14-Jul-20200.2410
 29-Jun-20200.1894
 15-Jun-20200.0624
IDCW Monthly25-Nov-20210.0614

 27-Sep-20210.1794
 25-Aug-20210.0636
 26-Jul-20210.0153
 25-Jun-20210.0102
 26-May-20210.1064
 26-Apr-20210.0885
 25-Jan-20210.0225
 28-Dec-20200.0233
 25-Nov-20200.0355
 26-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
IDCW Weekly23-Nov-20210.0341

 16-Nov-20210.0048
 09-Nov-20210.0175
 26-Oct-20210.0412
 21-Sep-20210.0338
 14-Sep-20210.0464
 07-Sep-20210.0444
 31-Aug-20210.0462
 24-Aug-20210.0337
 17-Aug-20210.0279
 03-Aug-20210.0163
 20-Jul-20210.0191
 13-Jul-20210.0176
 08-Jun-20210.0653
 26-May-20210.0287
 18-May-20210.0220
 11-May-20210.0120
 04-May-20210.0352
 27-Apr-20210.0156
 21-Apr-20210.0088
 05-Jan-20210.0335
 29-Dec-20200.0293
 15-Dec-20200.0167
 01-Dec-20200.0045
 24-Nov-20200.0129
IDCW25-Oct-20210.3000

 26-Jul-20210.3000
 26-Apr-20210.2700
 27-Oct-20200.2700
 27-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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