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Indiabulls Banking And PSU Debt Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 2.17 0.04 0.16 0.42 1.18 2.39 7.79 -- -- -- --
CCIL T Bill Liquidity Weight 1.78 0.11 0.16 0.35 1.22 2.09 4.36 -- -- -- --
Debt: Banking and PSU 4.72 0.43 0.80 1.76 2.68 5.09 11.56 -- -- -- --
Rank within category 19 19 19 19 19 19 18 -- -- -- --
Number of funds in category 19 19 19 19 19 19 18 16 14 7 3

As on 22-May-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.07 (24-Mar-2020 - 31-Mar-2020) -0.66 (12-Mar-2020 - 19-Mar-2020)
Month 1.63 (24-Mar-2020 - 23-Apr-2020) -0.72 (20-Feb-2020 - 23-Mar-2020)
Quarter 3.22 (14-May-2019 - 13-Aug-2019) 0.26 (24-Dec-2019 - 24-Mar-2020)
Year 7.90 (17-May-2019 - 18-May-2020) 7.60 (23-May-2019 - 22-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.16 0.26 -5.00 -9.29 -- --
Debt: Banking and PSU* 7.49 2.03 1.11 2.16 3.72 6.90
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Apr-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 12 4 69
Modified Duration (yrs) 0.30 2.32 0.30 --
Average Maturity (yrs) 0.35 3.15 0.35 --
Yield to Maturity (%) 4.02 7.39 4.02 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Export-Import Bank 180-D 27/05/2020 Commercial Paper A1+ 0.00 - 19.32 19.32
equal Axis Bank 13/01/2021 Certificate of Deposit A1+ 0.00 - 18.66 18.66
new National Bank Agr. Rur. Devp 88-D 15/05/2020 Commercial Paper A1+ 0.00 - 8.93 8.93
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.45 3.20

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-Apr-2020

Fund Manager

— Vikrant Mehta since 25-Apr-2019

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining Indiabulls AMC he has worked with Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.

Funds Managed:


0.04%

Change from previous, NAV as on 22-May-2020

Growth: ₹ 1,082.7023

Dividend Weekly: ₹ 1,009.5338

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Dividend Monthly: ₹ 1,006.9239

Dividend Fortnightly: ₹ 1,009.0079

Dividend Daily: ₹ 1,008.7473


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 (PFIs).

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0.25% for redemption within 3 days

Basic Details

Fund House: Indiabulls Mutual Fund
Launch Date: 13-May-2019
Return Since Launch: 8.04%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 34 Cr (As on 30-Apr-2020)
Expense: 0.72% (As on 30-Apr-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-May-20200.4437

 21-May-20200.1491
 20-May-20200.0530
 19-May-20200.1682
 18-May-20200.7737
 15-May-20200.2058
 14-May-20200.1102
 12-May-20200.1900
 08-May-20200.3478
 06-May-20200.2441
 05-May-20200.3675
 04-May-20200.1703
 23-Apr-20200.9521
 22-Apr-20200.3509
 21-Apr-20200.6498
 20-Apr-20201.3653
 17-Apr-20201.3274
 16-Apr-20200.5334
 15-Apr-20200.2607
 31-Mar-20200.4670
 09-Mar-20200.4941
 06-Mar-20200.2396
 05-Mar-20200.1225
 04-Mar-20200.6664
 03-Mar-20200.0086
Dividend Weekly18-May-20201.3316

 11-May-20200.8137
 04-May-20200.8128
 27-Apr-20201.3626
 20-Apr-20203.3625
 09-Mar-20201.5467
 24-Feb-20200.5000
 17-Feb-20200.6808
 10-Feb-20201.4983
 03-Feb-20200.8073
 27-Jan-20201.0365
 20-Jan-20200.5494
 13-Jan-20200.8480
 06-Jan-20201.1437
 30-Dec-20190.3269
 02-Dec-20190.7749
 25-Nov-20190.7205
 18-Nov-20191.6361
 04-Nov-20191.5378
 29-Oct-20191.4321
 22-Oct-20191.9407
 14-Oct-20191.2291
 07-Oct-20191.6613
 30-Sep-20190.6451
 09-Sep-20190.7988
Dividend Fortnightly11-May-20202.2706

 27-Apr-20204.3332
 13-Apr-20200.9700
 26-Mar-20201.0881
 25-Feb-20201.4223
 10-Feb-20202.4109
 27-Jan-20201.8253
 10-Jan-20202.3147
 26-Dec-20190.9042
 25-Nov-20192.4576
 11-Nov-20192.7704
 25-Oct-20193.9607
 10-Oct-20193.2927
 25-Sep-20190.0783
 11-Sep-20191.5942
 26-Aug-20191.8403
 13-Aug-20194.0054
 25-Jul-20191.3789
 10-Jul-20193.2581
 25-Jun-201911.2129
Dividend Monthly27-Apr-20204.7733

 26-Mar-20202.7073
 25-Feb-20203.5102
 27-Jan-20203.8372
 26-Dec-20194.6502
 25-Nov-20196.2084
 25-Oct-20195.1453
 25-Sep-20194.3428
 26-Aug-20194.9306
 25-Jul-20196.9327
 25-Jun-20197.5124

Contact Information

AMC: Indiabulls Asset Management Company Ltd.

Address: Indiabulls Finance Centre - 11th Floor, Elphinstone Mills, Senapati Bapat Marg, Elphinstone (W), Mumbai - 400013

Phone: 022-61891300 / 1800-2666-002

Email: [email protected]

Website: www.indiabullsamc.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

Last Session

Investors' Hangout

Making sense of your investments during the COVID-19 crisis

dateSaturday, 02-May-2020
time12:30 PM - 01:15 PM

Registration Over