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2 star

HDFC Banking and PSU Debt Fund - Direct Plan


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

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 6.70 0.15 0.64 2.11 4.58 6.45 11.96 8.89 9.20 -- --
CCIL T Bill Liquidity Weight 2.02 0.01 0.06 0.22 0.87 1.93 3.90 4.14 4.33 -- --
Debt: Banking and PSU 6.82 0.15 0.49 1.87 4.93 6.56 11.59 8.86 8.95 -- --
Rank within category 13 8 2 6 15 12 8 12 7 -- --
Number of funds in category 19 19 19 19 19 19 18 16 14 7 0

As on 07-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Banking and PSU Debt Fund - Direct Plan  | Invest Online
2 star
Mar-14 11.96 8.89 9.20 0.36 6,416
IDFC Banking & PSU Debt Fund - Direct Plan
4 star
Mar-13 13.19 9.85 8.93 0.30 16,791
Axis Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.95 9.62 9.08 0.31 15,317
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.92 9.26 9.26 0.29 6,163
Nippon India Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
May-15 13.07 9.32 9.30 0.30 4,973

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.21 (24-Mar-2020 - 31-Mar-2020) -2.15 (12-Mar-2020 - 19-Mar-2020)
Month 3.77 (24-Mar-2020 - 23-Apr-2020) -2.71 (20-Feb-2020 - 23-Mar-2020)
Quarter 6.34 (24-Mar-2020 - 24-Jun-2020) -0.60 (24-Dec-2019 - 24-Mar-2020)
Year 12.40 (24-Nov-2015 - 24-Nov-2016) 3.46 (30-Oct-2017 - 30-Oct-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.45 2.46 1.28 2.25 1.21 4.64
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Banking and PSU 8.47 2.27 1.52 3.26 2.07 5.72
Rank within category 13 15 14 15 4 15
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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 118 118 71 65
Modified Duration (yrs) 2.67 2.71 2.01 --
Average Maturity (yrs) 3.43 3.47 2.57 --
Yield to Maturity (%) 6.94 8.40 6.94 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 4.20 - 5.50 4.20
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 3.32 - 6.27 3.32
equal 9.95% Food Corporation of India 2022 Bonds AAA 3.04 - 5.84 3.04
equal 9.00% Union Bank of India 2099 Bonds AA- 2.52 - 3.63 2.59
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 0.50 - 2.26 2.14
equal 9.95% Canara Bank Debenture A+ 0.00 - 2.73 2.11
new 8.85% ONGC Petro Additions 19/04/2022 Debenture AAA 0.00 - 2.03 2.03
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 1.06 - 2.35 1.84
equal 8.41% HUDCO 15/03/2029 Debenture AAA 0.00 - 2.24 1.75
equal 9.14% Bank of Baroda Bonds AA 1.74 - 3.34 1.74
equal 9.39% MTNL 26/03/2024 Structured Obligation AAA 1.71 - 3.27 1.71
equal 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 0.00 - 2.34 1.65
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 2.09 1.64
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 1.73 1.63
equal 7.20% HDFC 13/04/2023 Non Convertible Debenture AAA 0.00 - 1.72 1.62
equal 7.47% Power Finance Corp. 16/09/2021 Bonds AAA 1.61 - 3.03 1.61
equal HUDCO 24/06/2023 Non Convertible Debenture AAA 0.00 - 1.71 1.60
equal 8.50% Bank of Baroda Bonds AA 1.09 - 1.88 1.41
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 1.26 1.26
equal 7.55% IRFC 2029 Debenture AAA 0.00 - 1.76 1.25
equal HPCL 14/08/2024 Debenture AAA 0.00 - 1.57 1.24
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 1.77 1.23
equal HUDCO 13/10/2022 Debenture AAA 0.00 - 1.31 1.22
up 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 1.22 1.22
equal 6.79% HUDCO 14/04/2023 Non Convertible Debenture AAA 0.00 - 1.31 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 30-Jun-2020

*As on 31-May-2020

Fund Manager

— Anil Bamboli since 20-Mar-2014

Education: Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.

Experience: Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Funds Managed:


0.15%

Change from previous, NAV as on 07-Jul-2020

Growth: ₹ 17.5189

Dividend Weekly: ₹ 10.3379


Investment Strategy

The scheme seeks to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 26-Mar-2014
Return Since Launch: 9.33%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 6,416 Cr (As on 30-Jun-2020)
Expense: 0.36% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly06-Jul-20200.0600

 29-Jun-20200.0445
 22-Jun-20200.0712
 15-Jun-20200.0119
 26-May-20200.0909
 18-May-20200.0835
 11-May-20200.0243
 20-Apr-20200.0445
 09-Mar-20200.0004
 24-Feb-20200.0059
 17-Feb-20200.0179
 10-Feb-20200.0611
 03-Feb-20200.0183
 27-Jan-20200.0265
 20-Jan-20200.0098
 13-Jan-20200.0086
 06-Jan-20200.0134
 30-Dec-20190.0096
 23-Dec-20190.0035
 02-Dec-20190.0175
 25-Nov-20190.0233
 18-Nov-20190.0265
 04-Nov-20190.0297
 29-Oct-20190.0202
 22-Oct-20190.0219

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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