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4 star

Nippon India Banking & PSU Debt Fund


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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 8.00 -0.01 -0.12 -0.01 3.71 6.02 11.09 8.65 8.86 -- --
CCIL T Bill Liquidity Weight 2.20 -0.03 0.05 0.13 0.64 1.77 3.58 4.06 4.26 -- --
Debt: Banking and PSU 7.16 -0.04 -0.15 0.10 3.54 5.26 10.23 8.30 8.51 -- --
Rank within category 3 8 11 14 10 2 4 6 3 -- --
Number of funds in category 19 20 20 19 19 19 18 16 14 7 3

As on 10-Aug-2020

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 11.09 8.65 8.86 0.80 5,424
IDFC Banking & PSU Debt Fund - Regular Plan
4 star
Mar-13 11.50 9.30 8.62 0.65 17,245
Axis Banking & PSU Debt Fund  | Invest Online
5 star
Jun-12 10.29 9.13 8.72 0.62 16,437
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 10.94 8.74 8.85 0.75 7,830
LIC MF Banking & PSU Debt Fund  | Invest Online
4 star
May-07 9.06 8.46 8.02 0.83 1,660

Best & Worst Performance

Best (Period) Worst (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) 3.52 (12-Sep-2017 - 12-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.49 2.19 1.49 3.09 2.34 6.05
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Banking and PSU 8.20 2.28 1.42 3.06 1.72 5.02
Rank within category 7 12 9 8 13 4
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-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 67 67 42 80
Modified Duration (yrs) 2.70 2.74 2.27 --
Average Maturity (yrs) 3.27 3.37 2.73 --
Yield to Maturity (%) 5.28 7.28 5.28 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.60% ICICI Bank 2023 Bonds AAA 1.34 - 4.47 4.22
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 3.36 - 5.22 4.20
equal 8.25% IRFC 28/02/2024 Debenture AAA 3.71 - 5.74 4.17
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 9.81 3.82
down 7.60% Axis Bank 20/10/2023 Bonds/Debentures AAA 3.72 - 6.92 3.72
down 8.50% National Bank Agr. Rur. Devp Debenture AAA 3.46 - 10.94 3.46
down 8.90% State Bank of India 2028 Non Convertible Debenture AAA 3.14 - 11.06 3.14
new 8.85% Axis Bank 2024 Debenture AAA 0.00 - 3.08 3.08
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 2.04 - 3.63 2.93
equal 6.80% SIDBI 29/09/2022 Debenture AAA 0.00 - 3.13 2.89
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 13.41 2.89
new BPCL 90-D 04/08/2020 Commercial Paper A1+ 0.00 - 2.76 2.76
down 7.59% GOI 2026 GOI Securities SOV 0.00 - 6.42 2.74
new 7.17% GOI 2028 GOI Securities SOV 0.00 - 2.68 2.68
new 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.65 2.65
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 2.48 2.48
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 2.40 2.40
new Export-Import Bank 218-D 04/03/2021 Commercial Paper A1+ 0.00 - 2.26 2.26
new 5.79% GOI 2030 GOI Securities SOV 0.00 - 1.93 1.93
equal 7.03% REC 2022 Non Convertible Debenture AAA 0.00 - 2.20 1.92
equal REC 13/12/2022 Debenture AAA 0.00 - 2.21 1.92
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 2.04 1.90
equal 7.10% ICICI Bank 17/02/2030 Debenture AAA 0.00 - 2.33 1.88
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 0.68 - 2.06 1.59
new 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 1.45 1.45

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-Jul-2020

*As on 30-Jun-2020

Fund Manager

— Prashant R Pimple since 01-Feb-2020

Education: Mr. Pimple is a MBA (Finance) and CTM.

Experience: Prior to joining Reliance Mutual Fund he has worked with Fidelity Mutual Fund, ICICI Bank, Bank of Bahrain & Kuwait, Saraswat Co-op Bank Ltd. and SIDBI.

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 Reliance AMC since 2006.

Funds Managed:


-0.01%

Change from previous, NAV as on 10-Aug-2020

Growth: ₹ 15.6558

Dividend Weekly: ₹ 10.4609

More

Dividend Quarterly: ₹ 10.6908

Dividend Monthly: ₹ 10.5217

Dividend: ₹ 15.6559


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 15-May-2015
Return Since Launch: 8.92%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 5,424 Cr (As on 31-Jul-2020)
Expense: 0.80% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly04-Aug-20200.0150

 28-Jul-20200.0280
 21-Jul-20200.0158
 14-Jul-20200.0590
 07-Jul-20200.0314
 30-Jun-20200.0168
 23-Jun-20200.0226
 16-Jun-20200.0159
 09-Jun-20200.0159
 02-Jun-20200.0237
 26-May-20200.0346
 19-May-20200.0289
 12-May-20200.0172
 05-May-20200.0287
 28-Apr-20200.0141
 21-Apr-20200.0142
 15-Apr-20200.0182
 07-Apr-20200.0145
 31-Mar-20200.0197
 17-Mar-20200.0010
 11-Mar-20200.0120
 03-Mar-20200.0118
 25-Feb-20200.0112
 18-Feb-20200.0200
 11-Feb-20200.0108
Dividend Monthly20-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
 19-Aug-20190.0501
 19-Jul-20190.1005
 19-Jun-20190.0918
 20-May-20190.0411
 22-Apr-20190.0331
 19-Mar-20190.0760
 20-Feb-20190.0428
 21-Jan-20190.0430
 19-Dec-20180.0660
 19-Nov-20180.0547
 19-Oct-20180.0357
 20-Aug-20180.0367
 19-Jul-20180.0528
 19-Jun-20180.0308
 19-Apr-20180.0507
 19-Mar-20180.0454
Dividend Quarterly19-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

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.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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