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2 star

Edelweiss Banking and PSU Debt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 3.85 0.09 0.45 1.85 1.68 6.15 6.88 11.01 8.96 9.05 --
CCIL T Bill Liquidity Weight 1.48 0.01 0.03 0.17 0.60 1.13 2.20 3.42 3.68 4.11 --
Debt: Banking and PSU 3.04 0.04 0.11 0.72 1.36 3.83 5.80 8.94 7.95 8.39 --
Rank within category 1 2 1 1 1 1 1 1 1 2 --
Number of funds in category 21 22 22 22 22 22 19 17 15 13 0

As on 15-Sep-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 - Direct Plan  | Invest Online
2 star
Sep-13 6.88 11.01 8.96 0.33 451
IDFC Banking & PSU Debt Fund - Direct Plan
5 star
Mar-13 5.81 10.08 8.23 0.30 19,284
Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.32 9.33 8.11 0.34 18,125
Axis Banking & PSU Debt Fund - Direct Plan
4 star
Jan-13 5.37 9.25 8.24 0.33 16,786
HDFC Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Mar-14 6.32 9.48 8.21 0.36 9,735

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.13 24-Mar-2020 - 31-Mar-2020 -2.97 31-Mar-2020 - 09-Apr-2020
Month 5.00 24-Mar-2020 - 23-Apr-2020 -3.13 20-Feb-2020 - 23-Mar-2020
Quarter 9.12 13-Apr-2020 - 13-Jul-2020 -1.99 27-Nov-2020 - 26-Feb-2021
Year 16.01 09-May-2019 - 08-May-2020 4.03 04-Oct-2017 - 04-Oct-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.16 3.78 1.62 2.36 3.08 8.17
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Banking and PSU 8.48 2.44 1.97 3.66 2.26 5.94
Rank within category 1 16 15 15 17 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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 28 28 24 84
Modified Duration (yrs) 5.60 6.07 5.60 2.42
Average Maturity (yrs) 7.81 8.65 7.81 3.14
Yield to Maturity (%) 6.72 7.06 6.49 4.88
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 - 8.50 8.50
equal 7.48% Indian Railway Finance Corporation 13/08/2029 Non Convertible Debenture AAA 7.07 - 8.38 8.11
equal 8.30% NTPC 15/01/2029 Debenture AAA 6.35 - 8.82 7.26
equal 8.24% National Bank Agr. Rur. Devp 22/03/2029 Debenture AAA 6.06 - 9.98 7.26
equal 7.41% Indian Oil Corporation 22/10/2029 Debenture AAA 2.80 - 7.89 6.97
equal 7.64% Food Corporation of India 2029 Debenture AAA 4.62 - 5.61 5.53
down 8.85% REC 16/04/2029 Non Convertible Debenture AAA 4.15 - 7.65 4.56
equal 7.03% Hindustan Petroleum Corporation 2030 Debenture AAA 2.74 - 5.12 4.49
down 6.45% GOI 2029 GOI Securities SOV 2.54 - 10.16 4.49
new 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 3.43 3.43
down 7.41% Power Finance Corporation 25/02/2030 Debenture AAA 0.00 - 4.38 3.41
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.83 - 2.99 2.99
equal 8.83% Export-Import Bank 2029 Bonds AAA 2.19 - 3.06 2.51
down 8.85% Power Finance Corporation 25/05/2029 Bonds/NCDs AAA 2.47 - 5.89 2.47
equal 8.60% Axis Bank 28/12/2028 Non Convertible Debenture AAA 2.14 - 2.96 2.45
equal 8.12% NHPC 22/03/2029 Debenture AAA 2.12 - 2.94 2.43
equal 8.55% HDFC 27/03/2029 Debenture AAA 2.10 - 2.92 2.42
equal 8.13% Nuclear Power Corpn. 28/03/2029 Debenture AAA 0.00 - 2.41 2.41
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 0.00 - 2.40 2.40
equal 8.09% NLC India 29/05/2029 Non Convertible Debenture AAA 0.00 - 2.40 2.39
equal 7.34% Power Grid Corporation 15/07/2029 Debenture AAA 2.01 - 2.79 2.29
equal 7.50% REC 28/02/2030 Debenture AAA 1.58 - 2.17 1.83
equal 8.95% Food Corporation of India 2029 Debenture AAA 1.13 - 3.03 1.24
equal 8.40% Nuclear Power Corpn. 28/11/2029 Bonds/NCDs AAA 1.08 - 1.50 1.23
equal 8.24% Power Grid Corporation 14/02/2029 Debenture AAA 1.07 - 1.48 1.22

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-Aug-2021

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:


0.09%

Change from previous, NAV as on 15-Sep-2021

Growth: ₹ 20.2316

IDCW Weekly: ₹ 10.5884

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IDCW Monthly: ₹ 11.4262

IDCW Fortnightly: ₹ 15.2968

IDCW: ₹ 19.0750


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: 9.19%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 451 Cr (As on 31-Aug-2021)
Expense: 0.33% (As on 31-Jul-2021)
Risk Grade: High
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Fortnightly14-Sep-20210.1684

 30-Aug-20210.0873
 17-Aug-20210.0602
 14-Jun-20210.1065
 28-May-20210.0488
 16-May-20210.0804
 28-Apr-20210.0496
 15-Apr-20210.0609
 28-Jan-20210.0302
 14-Jan-20210.0108
 28-Dec-20200.0287
 14-Dec-20200.0205
 01-Dec-20200.0277
 17-Nov-20200.0206
 28-Oct-20200.1080
 14-Oct-20200.1415
 14-Jul-20200.2487
 29-Jun-20200.1959
 15-Jun-20200.0666
 28-May-20200.1368
 14-May-20200.2452
 30-Mar-20200.1144
 14-Feb-20200.2845
 28-Jan-20200.0913
 28-Nov-20190.1056
IDCW Weekly14-Sep-20210.0480

 07-Sep-20210.0459
 31-Aug-20210.0477
 24-Aug-20210.0350
 17-Aug-20210.0291
 03-Aug-20210.0173
 20-Jul-20210.0202
 13-Jul-20210.0185
 08-Jun-20210.0673
 26-May-20210.0300
 18-May-20210.0231
 11-May-20210.0130
 04-May-20210.0366
 27-Apr-20210.0165
 21-Apr-20210.0104
 06-Apr-20210.0084
 05-Jan-20210.0352
 29-Dec-20200.0313
 15-Dec-20200.0185
 01-Dec-20200.0053
 24-Nov-20200.0139
 17-Nov-20200.0130
 27-Oct-20200.0643
 20-Oct-20200.0379
 13-Oct-20200.0437
IDCW Monthly25-Aug-20210.0665

 26-Jul-20210.0181
 25-Jun-20210.0133
 26-May-20210.1092
 26-Apr-20210.0916
 25-Jan-20210.0256
 28-Dec-20200.0268
 25-Nov-20200.0388
 26-Oct-20200.2188
 27-Jul-20201.2400
 25-Apr-20190.0044
 25-Mar-20190.1216
 25-Feb-20190.0409
 25-Jan-20190.0571
 26-Dec-20180.0937
 26-Nov-20180.0624
 25-Oct-20180.0300
 27-Aug-20180.0480
 25-Jul-20180.0578
 25-Jun-20180.0222
 26-Mar-20180.0868
 26-Feb-20180.0119
 25-Jan-20180.0307
 26-Dec-20170.0043
 27-Nov-20170.0107
IDCW26-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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