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Tata Banking & 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund -- 0.04 -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.30 -- -- -- -- --
Debt: Banking and PSU -- 0.19 -- -- -- -- --
Rank within category -- 17 -- -- -- -- --
Number of funds in category 17 19 18 17 15 13 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month -- ( - ) -- ( - )
Quarter -- ( - ) -- ( - )
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.11 0.25 -6.57 -10.84 -- --
Debt: Banking and PSU* 7.42 2.10 0.92 1.77 4.96 9.92
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-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 17 14 69
Modified Duration (yrs) 2.95 2.95 2.54 2.72
Average Maturity (yrs) 3.58 3.58 3.19 3.54
Yield to Maturity (%) 6.52 6.52 6.44 6.69

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 19.13 19.13
new 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 8.14 8.14
new 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 6.89 6.89
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 6.85 - 7.78 6.85
equal 6.99% Air India Assets Holdings 16/12/2022 Debenture AAA 6.84 - 7.72 6.84
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 6.83 - 7.76 6.83
equal Bank of Baroda 2020 Certificate of Deposit A1+ 6.59 - 7.45 6.59
equal 9.34% REC 25/08/2024 Debenture AAA 5.80 - 6.56 5.80
equal 7.62% HUDCO 15/07/2022 Debenture AAA 5.54 - 6.30 5.54
up HPCL 14/08/2024 Debenture AAA 3.06 - 5.43 5.43
equal 9.25% Power Grid Corporation 26/12/2024 Bonds AAA 2.99 - 3.39 2.99
equal 9.20% Power Grid Corporation 2024 Bonds AAA 2.95 - 3.35 2.95
new 7.52% NHPC 2025 Bonds AAA 0.00 - 2.74 2.74
equal 6.80% HPCL 15/12/2022 Debenture AAA 2.73 - 3.10 2.73
new 6.90% REC 30/06/2022 Debenture AAA 0.00 - 2.71 2.71
equal 8.49% NTPC 25/03/2025 Bonds/NCDs AAA 1.42 - 1.60 1.42
new 7.55% IRFC 2029 Debenture AAA 0.00 - 1.37 1.37

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-Nov-2019

Fund Manager

— Amit Somani since 19-Sep-2019

Education: Mr.Somani is a B.Com, PGDBM and CFA.

Experience: Prior to joining Tata Asset Management Ltd in 2010 he has worked with Fidelity Investments Netscribes Pvt. ltd, SPA Capital and Khandwala Securities.

Funds Managed:


-0.06%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 10.1177

Dividend: ₹ 10.1177


Investment Strategy

The scheme seeks to generate reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 03-Oct-2019
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 369 Cr (As on 30-Nov-2019)
Expense: 0.22% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: Tata Asset Management Private Ltd

Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021

Phone: 1800-209-0101

Email: [email protected]

Website: www.tatamutualfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM