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BHARAT Bond ETF - April 2023 - Regular Plan


Suitability:

Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 8.49 0.15 0.28 0.28 1.52 6.07 -- -- -- -- --
VR Bond 5.60 0.12 0.01 -0.02 0.48 2.90 -- -- -- -- --
Debt: Medium Duration 4.50 0.13 0.19 0.18 1.25 4.08 -- -- -- -- --
Rank within category 3 7 4 9 8 1 -- -- -- -- --
Number of funds in category 17 21 21 20 18 18 16 14 13 9 7

As on 01-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BHARAT Bond ETF - April 2023 - Regular Plan  | Invest Online
Unrated
Dec-19 -- -- -- 0.01 4,256
ICICI Prudential Medium Term Bond Fund  | Invest Now
4 star
Sep-04 10.66 7.38 7.98 1.63 5,088
SBI Magnum Medium Duration Fund  | Invest Online
5 star
Nov-03 11.72 8.87 9.62 1.25 4,019
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
Jul-03 9.56 7.87 7.99 1.43 3,647
HDFC Medium Term Debt Fund  | Invest Online
4 star
Feb-02 8.99 7.38 7.89 1.49 1,161

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.86 (24-Mar-2020 - 31-Mar-2020) -2.60 (12-Mar-2020 - 19-Mar-2020)
Month 4.80 (24-Mar-2020 - 23-Apr-2020) -3.38 (20-Feb-2020 - 23-Mar-2020)
Quarter 8.08 (24-Mar-2020 - 24-Jun-2020) 1.40 (13-Jan-2020 - 13-Apr-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.51 2.09 0.69 1.28 -- --
Debt: Medium Duration* 4.65 4.52 0.27 0.69 0.56 -1.22
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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 22 22 11 31
Modified Duration (yrs) 2.26 2.76 2.26 3.43
Average Maturity (yrs) 2.59 3.19 2.58 4.37
Yield to Maturity (%) 5.15 6.75 4.99 7.20
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.04% Power Finance Corp. 14/04/2023 Non Convertible Debenture AAA 0.00 - 14.68 14.01
equal 7.12% REC 31/03/2023 Non Convertible Debenture AAA 0.00 - 14.82 12.21
equal 6.44% Indian Oil Corp. 14/04/2023 Debenture AAA 0.00 - 13.40 10.32
down 6.79% HUDCO 14/04/2023 Non Convertible Debenture AAA 0.00 - 14.75 9.90
equal 6.38% HPCL 2023 Debenture AAA 0.00 - 9.94 9.83
up 6.72% National Bank Agr. Rur. Devp 14/04/2023 Bonds/NCDs AAA 0.00 - 14.69 9.24
equal 6.64% MRPL 14/04/2023 Non Convertible Debenture AAA 0.00 - 7.70 7.51
equal 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 14.21 6.47
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 0.00 - 5.04 4.99
equal 6.35% Power Grid Corporation 14/04/2023 Debenture AAA 0.00 - 2.45 2.42
equal REC 2023 Bonds AAA 0.00 - 1.80 1.77
equal 8.54% Nuclear Power Corpn. 15/03/2023 Debenture AAA 0.00 - 1.29 1.28
equal NTPC 2023 Bonds AAA 0.00 - 1.30 1.28
new 8.80% Export-Import Bank 15/03/2023 Bonds AAA 0.00 - 1.02 1.02
new 8.56% Nuclear Power Corpn. 15/03/2023 Debenture AAA 0.00 - 0.64 0.64
equal 8.56% Nuclear Power Corpn. 18/03/2023 Debenture AAA 0.00 - 0.65 0.64
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 0.63 0.62
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 0.62 0.61
equal 6.27% SIDBI 27/02/2023 Debenture AAA 0.00 - 0.61 0.61
equal 8.93% Export-Import Bank 2022 Bonds AAA 0.00 - 0.39 0.38
equal 8.73% NTPC 2023 Bonds AAA 0.00 - 0.26 0.26
equal 8.76% Export-Import Bank 14/02/2023 Bonds AAA 0.00 - 0.26 0.26

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-Aug-2020

Fund Manager

— Gautam Kaul since 12-Dec-2019

Education: Mr. Kaul is a B.Com (H) and MBA (Finance).

Experience: Prior to joining Edelweiss AMC he has worked with Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd..

Funds Managed:


0.15%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 1,085.6895


Investment Strategy

The scheme seeks to replicate Nifty BHARAT Bond Index - April 2023 by investing in bonds of CPSEs/CPSUs/CPFIs and other Government organizations, subject to tracking errors.

Investment Details

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

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 26-Dec-2019
Return Since Launch: 8.57%
Benchmark: NIFTY Bharat Bond Index Series - April 2023
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,256 Cr (As on 31-Aug-2020)
Expense: 0.01% (As on 31-Mar-2020)
Risk Grade: --
Return Grade: --

Contact Information

AMC: Edelweiss Asset Management Ltd.

Address: 801- 802 & 803 - 8th Floor, Windsor Off C.S.T. Road, Kalina-Santacruz (E), Mumbai - 400098

Phone: 40933400 / 1800-425-0090

Email: [email protected]

Website: http://www.edelweissmf.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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