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Unrated

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 0.31 0.02 0.08 0.51 1.51 3.53 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.17 0.01 0.01 0.28 0.83 1.91 -- -- -- -- --
Debt: Banking and PSU 0.38 0.04 0.10 0.86 2.03 3.94 -- -- -- -- --
Rank within category 17 18 15 19 19 14 -- -- -- -- --
Number of funds in category 19 19 19 19 19 18 17 15 13 5 3

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
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) 1.45 (18-Oct-2019 - 17-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.08 0.26 -10.52 -- -- --
Debt: Banking and PSU* 7.19 2.04 0.83 1.62 4.73 9.24
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 6 12 6 66
Modified Duration (yrs) 1.14 2.32 1.09 2.63
Average Maturity (yrs) 1.51 3.15 1.39 3.40
Yield to Maturity (%) 5.93 7.39 5.89 6.91

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 18.67 18.67
equal IDFC First Bank 25/06/2020 Certificate of Deposit A1+ 0.00 - 14.89 14.89
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 13.07 13.07
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 11.53 11.53
equal Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 11.48 11.48
new 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 9.56 9.32

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-Dec-2019

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:


0.02%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 1,062.9975

Dividend Weekly: ₹ 1,009.0286

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Dividend Monthly: ₹ 1,006.7272

Dividend Fortnightly: ₹ 1,007.4540

Dividend Daily: ₹ 1,008.7458


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: 6.30%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 65 Cr (As on 31-Dec-2019)
Expense: 0.72% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Jan-20200.1703

 16-Jan-20200.1038
 13-Jan-20200.2901
 10-Jan-20200.0161
 09-Jan-20200.1667
 08-Jan-20200.1933
 07-Jan-20200.2181
 03-Jan-20200.5905
 02-Jan-20200.1893
 01-Jan-20200.2806
 04-Dec-20190.2936
 03-Dec-20190.1566
 02-Dec-20190.1860
 29-Nov-20190.0712
 28-Nov-20190.1881
 27-Nov-20190.2822
 26-Nov-20190.1184
 25-Nov-20190.3014
 22-Nov-20190.1695
 21-Nov-20190.0393
 20-Nov-20190.1124
 19-Nov-20190.1480
 18-Nov-20190.5642
 15-Nov-20190.5183
 14-Nov-20190.3589
Dividend Fortnightly10-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 Weekly13-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
 15-Jul-20191.8608
 08-Jul-20192.9789
 24-Jun-20191.7404
 17-Jun-20198.7064
Dividend Monthly26-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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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