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Indiabulls Banking And PSU Debt Fund - Regular Plan


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 1.06 0.01 0.10 0.59 1.22 3.22 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.55 0.02 0.05 0.31 0.85 1.81 -- -- -- -- --
Debt: Banking and PSU 2.12 0.06 0.12 1.43 2.35 4.55 -- -- -- -- --
Rank within category 19 19 13 19 19 17 -- -- -- -- --
Number of funds in category 19 19 19 19 19 18 17 15 13 5 3

As on 26-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.60 (21-May-2019 - 28-May-2019) -0.26 (04-Dec-2019 - 11-Dec-2019)
Month 1.59 (17-May-2019 - 18-Jun-2019) 0.07 (29-Nov-2019 - 30-Dec-2019)
Quarter 3.22 (14-May-2019 - 13-Aug-2019) 1.15 (01-Nov-2019 - 31-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.06 0.27 -6.06 -10.48 -- --
Debt: Banking and PSU* 7.18 2.04 0.86 1.66 4.66 9.00
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 9 12 6 68
Modified Duration (yrs) -- 2.32 1.09 2.56
Average Maturity (yrs) 0.69 3.15 0.69 3.11
Yield to Maturity (%) 5.62 7.39 5.62 6.75

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal IDFC First Bank 25/06/2020 Certificate of Deposit A1+ 0.00 - 14.89 14.89
new Reserve Bank of India 63-D 17/03/2020 Treasury Bills SOV 0.00 - 13.63 13.63
new Andhra Bank 26/03/2020 Certificate of Deposit A1+ 0.00 - 9.83 9.83
new Export-Import Bank 180-D 27/05/2020 Commercial Paper A1+ 0.00 - 9.73 9.73
new Axis Bank 13/01/2021 Certificate of Deposit A1+ 0.00 - 9.36 9.36
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture -- 0.00 - 9.28 9.28
new 7.50% Power Finance Corp. 16/08/2021 Debenture -- 0.00 - 9.27 9.27
down 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 18.67 3.11
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 11.36 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-Jan-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:


0.01%

Change from previous, NAV as on 26-Feb-2020

Growth: ₹ 1,070.9123

Dividend Weekly: ₹ 1,008.6530

More

Dividend Monthly: ₹ 1,003.9868

Dividend Fortnightly: ₹ 1,007.0735

Dividend Daily: ₹ 1,008.7467


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: 7.09%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 66 Cr (As on 31-Jan-2020)
Expense: 0.72% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Feb-20200.0576

 24-Feb-20200.4020
 20-Feb-20200.1826
 18-Feb-20200.0177
 17-Feb-20200.2916
 14-Feb-20200.1313
 13-Feb-20200.1598
 12-Feb-20200.0727
 11-Feb-20200.1660
 10-Feb-20200.3182
 07-Feb-20200.3790
 06-Feb-20200.5985
 05-Feb-20200.0439
 04-Feb-20200.1495
 03-Feb-20200.3780
 31-Jan-20200.0679
 30-Jan-20200.0775
 29-Jan-20200.1782
 28-Jan-20200.1002
 27-Jan-20200.3422
 24-Jan-20200.2082
 23-Jan-20200.2590
 22-Jan-20200.2247
 21-Jan-20200.1057
 20-Jan-20200.2795
Dividend Weekly24-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
 03-Sep-20190.9139
 26-Aug-20191.5854
 13-Aug-20191.3633
 05-Aug-20192.0645
 29-Jul-20190.8392
 22-Jul-20190.5027
Dividend Fortnightly10-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-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

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