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Nippon India Banking & PSU Debt Fund download report

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Debt: Banking and PSU

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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
Nippon India Banking & PSU Debt-G 0.17 0.03 0.14 0.12 -0.61 0.19 2.44 6.75 6.75 7.45 --
CCIL T Bill Liquidity Weight 0.83 -0.02 0.06 0.18 0.33 0.88 1.92 2.68 3.31 3.68 --
Debt: Banking and PSU 0.36 0.06 0.15 0.17 -0.33 0.38 2.43 6.33 6.48 7.20 --
Rank within category 13 21 12 15 14 13 12 4 6 3 --
Number of funds in category 22 22 22 22 22 22 22 17 16 14 4

As on 27-Jun-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
 May-15 2.44 6.75 6.75 0.79% 4,206
IDFC Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
 Mar-13 2.85 6.92 7.20 0.62% 16,607
Axis Banking & PSU Debt Fund
5 star
 Jun-12 3.16 6.56 7.10 0.62% 14,588
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
 Apr-08 2.89 6.67 6.76 0.69% 12,046
ICICI Prudential Banking & PSU Debt Fund  | Invest Now
4 star
 Jan-10 2.99 6.36 6.26 0.80% 10,344

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.48 24-Mar-2020 - 31-Mar-2020 -2.40 12-Mar-2020 - 19-Mar-2020
Month 4.60 24-Mar-2020 - 23-Apr-2020 -2.86 20-Feb-2020 - 23-Mar-2020
Quarter 7.59 24-Mar-2020 - 24-Jun-2020 -0.88 23-Dec-2019 - 23-Mar-2020
Year 12.89 02-Jul-2019 - 01-Jul-2020 1.91 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Nippon India Banking & PSU Debt-G 6.70 2.18 1.47 2.67 3.10 5.71
CCIL T Bill Liquidity Weight 2.69 0.37 -2.20 -4.41 -- --
Debt: Banking and PSU 6.27 2.35 1.23 2.52 2.43 4.73
Rank within category 4 10 4 8 14 2
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-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 82 104 82 67
Modified Duration (yrs) 1.95 2.42 1.95 1.66
Average Maturity (yrs) 2.50 3.49 2.50 2.28
Yield to Maturity (%) 6.34 6.34 4.93 6.26
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
up GOI 2028 GOI Securities SOV 0.00 - 6.46 6.46
down 4.50% Oil & Natural Gas Corporation 2024 Debenture AAA 0.00 - 5.74 5.17
equal 5.50% NIIF Infrastructure Finance 27/01/2023 Non Convertible Debenture AAA 2.21 - 3.53 3.53
equal Axis Bank 19/09/2022 Certificate of Deposit A1+ 0.00 - 3.51 3.51
equal 8.85% Axis Bank 2024 Debenture AAA 2.11 - 3.23 3.20
equal 7.10% ICICI Bank 17/02/2030 Additional Tier 2 Bond AAA 1.52 - 2.40 2.40
equal Canara Bank 23/06/2022 Certificate of Deposit A1+ 0.00 - 2.37 2.37
equal 5.35% National Housing Bank 2024 Debenture AAA 0.00 - 2.33 2.33
equal Bank of Baroda 14/02/2023 Certificate of Deposit A1+ 0.00 - 2.28 2.28
equal HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 2.28 2.28
equal 5.75% India Infradebt 15/09/2023 Debenture AAA 1.40 - 2.23 2.23
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 1.34 - 2.12 2.12
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 2.05 - 3.68 2.11
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 1.66 - 2.56 1.95
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 1.24 - 1.91 1.91
equal Power Finance Corporation 22/01/2031 Floating Rate Debenture AAA 1.20 - 1.91 1.86
equal 8.27% REC 2025 Bonds AAA 0.80 - 1.85 1.83
new 7.59% GOI 2026 GOI Securities SOV 0.00 - 1.81 1.81
up 6.55% National Housing Bank 17/04/2023 Debenture AAA 0.00 - 1.79 1.79
up 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 1.75 1.75
equal 6.39% Indian Oil Corporation 2025 Debenture AAA 0.40 - 2.44 1.75
new SIDBI 30/05/2023 Commercial Paper A1+ 0.00 - 1.68 1.68
equal 6.96% Haryana State 2029 State Development Loan SOV 0.00 - 2.97 1.67
equal REC 13/12/2022 Debenture AAA 1.07 - 1.67 1.67
equal 8.70% Power Grid Corporation 15/07/2023 Bonds AAA 1.03 - 1.58 1.58

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-May-2022

Fund Manager

— Pranay Sinha since 31-Mar-2021

Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.

Experience: Prior to joining Nippon India Mutual Fund, he has worked with ABSLAMC, BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).

Funds Managed:

— Vivek Sharma since 25-Jun-2020

Education: Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).

Experience: He has been associated with Nippon India Mutual Fund since 2006.

Funds Managed:

Invest Online
0.00%

Change from previous, NAV as on 28-Jun-2022

Growth: ₹ 16.7292

IDCW Weekly: ₹ 10.1941

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IDCW Quarterly: ₹ 10.5362

IDCW Monthly: ₹ 10.5026

IDCW: ₹ 16.7292

Investment Strategy

The scheme seeks to generate income over short to medium term horizon through investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 100
Min. No of Cheques 60
Min. Withdrawal (₹) 100
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 15-May-2015
Return Since Launch: 7.49%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 4,206 Cr (As on 31-May-2022)
Expense: 0.79% (As on 31-May-2022)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly05-Apr-20220.0147

 29-Mar-20220.0081
 22-Mar-20220.0106
 15-Mar-20220.0049
 22-Feb-20220.0065
 15-Feb-20220.0355
 25-Jan-20220.0119
 18-Jan-20220.0081
 11-Jan-20220.0020
 04-Jan-20220.0009
 28-Dec-20210.0011
 21-Dec-20210.0076
 14-Dec-20210.0036
 07-Dec-20210.0096
 30-Nov-20210.0110
 23-Nov-20210.0104
 16-Nov-20210.0092
 09-Nov-20210.0114
 02-Nov-20210.0105
 26-Oct-20210.0082
 20-Oct-20210.0169
 12-Oct-20210.0114
 05-Oct-20210.0129
 28-Sep-20210.0196
 21-Sep-20210.0114
IDCW Monthly21-Mar-20220.0169

 21-Feb-20220.0525
 19-Jan-20220.0146
 20-Dec-20210.0251
 22-Nov-20210.0392
 20-Sep-20210.0610
 20-Aug-20210.0575
 19-Jul-20210.0430
 21-Jun-20210.0339
 19-May-20210.0791
 19-Apr-20210.0760
 19-Jan-20210.0051
 21-Dec-20200.0281
 19-Nov-20200.0547
 19-Oct-20200.1216
 21-Sep-20200.0135
 20-Jul-20200.1428
 19-Jun-20200.0893
 19-May-20200.1196
 20-Apr-20200.2533
 20-Feb-20200.1154
 20-Jan-20200.0349
 19-Nov-20190.0556
 22-Oct-20190.0666
 19-Sep-20190.0555
IDCW Quarterly21-Mar-20220.0521

 20-Dec-20210.0566
 20-Sep-20210.1475
 21-Jun-20210.2180
 21-Dec-20200.2359
 21-Sep-20200.1516
 19-Jun-20200.5251
 19-Mar-20200.1896
 19-Dec-20190.1575
 19-Sep-20190.2278
 19-Jun-20190.1966
 19-Mar-20190.1137
 19-Dec-20180.1677
 19-Sep-20180.0964
 19-Mar-20180.0420
 19-Dec-20170.0574
 19-Sep-20170.1327
 19-Jun-20170.1765
 20-Mar-20170.0435
 19-Dec-20160.1705
 19-Sep-20160.2064
 20-Jun-20160.1442
 21-Mar-20160.1278
 21-Dec-20150.1411
 21-Sep-20150.1304

Registrar & Transfer Agent: KFin Technologies 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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