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Indiabulls Banking And PSU Debt Fund - Direct 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 1.12 0.06 0.09 0.62 1.39 3.62 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 -- -- -- -- --
Debt: Banking and PSU 2.15 0.11 0.06 1.44 2.55 4.90 -- -- -- -- --
Rank within category 19 17 5 19 19 17 -- -- -- -- --
Number of funds in category 19 19 19 19 19 18 17 15 13 4 0

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.61 (21-May-2019 - 28-May-2019) -0.25 (04-Dec-2019 - 11-Dec-2019)
Month 1.63 (17-May-2019 - 18-Jun-2019) 0.12 (29-Nov-2019 - 30-Dec-2019)
Quarter 3.36 (14-May-2019 - 13-Aug-2019) 1.28 (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* 7.52 2.04 1.05 2.03 4.66 9.35
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:


0.06%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 1,075.2221

Dividend Weekly: ₹ 1,014.3663

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Dividend Monthly: ₹ 1,009.3602

Dividend Fortnightly: ₹ 1,009.1359

Dividend Daily: ₹ 1,012.2174


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: 7.52%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 66 Cr (As on 31-Jan-2020)
Expense: 0.22% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily20-Feb-20200.2011

 18-Feb-20200.0288
 17-Feb-20200.3137
 14-Feb-20200.1511
 13-Feb-20200.1784
 12-Feb-20200.0862
 11-Feb-20200.1748
 10-Feb-20200.3523
 07-Feb-20200.4030
 06-Feb-20200.6110
 05-Feb-20200.0612
 04-Feb-20200.1662
 03-Feb-20200.4060
 31-Jan-20200.0862
 30-Jan-20200.0978
 29-Jan-20200.1912
 28-Jan-20200.1287
 27-Jan-20200.3659
 24-Jan-20200.2366
 23-Jan-20200.2623
 22-Jan-20200.2317
 21-Jan-20200.1248
 20-Jan-20200.3122
 17-Jan-20200.1822
 16-Jan-20200.1171
Dividend Weekly17-Feb-20200.8779

 10-Feb-20201.6130
 03-Feb-20200.9621
 27-Jan-20201.2450
 20-Jan-20200.5714
 13-Jan-20200.8734
 06-Jan-20201.2820
 30-Dec-20190.4449
 23-Dec-20190.1440
 02-Dec-20190.9646
 25-Nov-20190.7960
 18-Nov-20191.9595
 04-Nov-20190.3094
 29-Oct-20190.6421
 22-Oct-20192.0163
 14-Oct-20190.4029
 07-Oct-20190.9409
 30-Sep-20190.8485
 16-Sep-20190.1249
 09-Sep-20191.0506
 03-Sep-20191.2151
 26-Aug-20191.7072
 13-Aug-20191.4262
 05-Aug-20192.1286
 29-Jul-20191.0012
Dividend Fortnightly10-Feb-20202.6789

 27-Jan-20202.0943
 10-Jan-20202.4489
 26-Dec-20191.2527
 25-Nov-20192.4243
 11-Nov-20193.1067
 25-Oct-20194.2384
 10-Oct-20193.4421
 25-Sep-20190.0703
 11-Sep-20191.7850
 26-Aug-20192.3750
 13-Aug-20194.2915
 25-Jul-20191.5609
 10-Jul-20193.2250
 25-Jun-201911.4904
Dividend Monthly27-Jan-20204.1031

 26-Dec-20194.9105
 25-Nov-20196.4837
 25-Oct-20195.4175
 25-Sep-20194.6032
 26-Aug-20195.2010
 25-Jul-20197.2167
 25-Jun-20197.7960

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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