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Edelweiss Banking and PSU Debt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.30 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 3.46 0.31 0.16 2.74 4.15 6.44 15.58 9.42 8.86 -- --
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 2.15 0.11 0.06 1.44 2.55 4.90 11.36 8.34 8.55 -- --
Rank within category 1 1 1 1 1 1 1 1 6 -- --
Number of funds in category 19 19 19 19 19 18 17 15 13 4 0

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.95 (01-Jul-2019 - 08-Jul-2019) -1.40 (04-Dec-2019 - 11-Dec-2019)
Month 3.38 (11-Jun-2019 - 11-Jul-2019) -1.09 (17-Apr-2018 - 17-May-2018)
Quarter 6.79 (16-Apr-2019 - 16-Jul-2019) -0.08 (05-Apr-2018 - 05-Jul-2018)
Year 15.52 (15-Feb-2019 - 17-Feb-2020) 4.03 (04-Oct-2017 - 04-Oct-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.16 2.37 1.05 2.26 5.65 11.57
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Banking and PSU 7.52 2.04 1.05 2.03 4.66 9.35
Rank within category 4 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:


0.31%

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

Growth: ₹ 17.7877

Dividend Weekly: ₹ 10.9470

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Dividend Monthly: ₹ 11.7617

Dividend Fortnightly: ₹ 15.4110

Dividend: ₹ 17.7867


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: 9.34%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 163 Cr (As on 31-Jan-2020)
Expense: 0.20% (As on 31-Jan-2020)
Risk Grade: High
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly14-Feb-20200.2845

 28-Jan-20200.0913
 28-Nov-20190.1056
 14-Nov-20190.0626
 29-Oct-20190.0741
 14-Oct-20190.0685
 15-Jul-20190.3585
 14-Jun-20190.1223
 28-May-20190.1895
 14-May-20190.0243
 28-Mar-20190.0902
 14-Mar-20190.1321
Dividend Weekly14-Jan-20200.0922

 17-Dec-20190.0131
 10-Dec-20190.0132
 05-Nov-20190.0420
 22-Oct-20190.0198
 15-Oct-20190.0050
 01-Oct-20190.0553
 24-Sep-20190.0624
 13-Aug-20190.1308
 18-Jun-20190.0540
 04-Jun-20190.0660
 28-May-20190.0880
 21-May-20190.0419
 14-May-20190.0243
 07-May-20190.0081
 30-Apr-20191.0308
 24-May-20170.1274
 01-Mar-20170.1262
 15-Nov-20160.1248
 06-Sep-20160.1350
 28-Jun-20160.1045
 12-Apr-20160.1353
 16-Feb-20160.0192
 27-Jan-20160.0205
 12-Jan-20160.0265
Dividend Monthly25-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
 25-Oct-20170.0526
 25-Sep-20170.0094
 28-Aug-20170.0399
 25-Jul-20170.0675
 27-Jun-20170.0723
 25-May-20170.0624
 25-Apr-20170.0360
 29-Mar-20170.0351
 28-Feb-20170.0156
 27-Jan-20170.0658

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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