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ITI Banking & PSU Debt Fund - Direct Plan download report


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

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
ITI Banking & PSU Debt Fund Direct-G 1.66 0.01 0.10 0.40 0.75 1.70 4.11 -- -- -- --
CCIL T Bill Liquidity Weight 0.85 0.02 0.05 0.20 0.36 0.86 1.97 -- -- -- --
Debt: Banking and PSU 0.55 0.00 0.14 0.20 -0.25 0.60 2.87 -- -- -- --
Rank within category 2 6 19 1 2 2 2 -- -- -- --
Number of funds in category 22 22 22 22 22 22 22 17 16 14 0

As on 28-Jun-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ITI Banking & PSU Debt Fund - Direct Plan
5 star
Oct-20 4.11 -- -- 0.15% 24
IDFC Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
Mar-13 3.23 7.26 7.53 0.32% 16,607
Axis Banking & PSU Debt Fund - Direct Plan
5 star
Jan-13 3.50 6.87 7.41 0.33% 14,588
Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.26 7.00 7.10 0.34% 12,046
ICICI Prudential Banking & PSU Debt Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.36 6.78 6.71 0.35% 10,344

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.51 16-Mar-2021 - 23-Mar-2021 -0.72 08-Jan-2021 - 15-Jan-2021
Month 1.20 05-Mar-2021 - 06-Apr-2021 -1.06 08-Jan-2021 - 09-Feb-2021
Quarter 2.26 15-Mar-2021 - 14-Jun-2021 -0.28 26-Nov-2020 - 25-Feb-2021
Year 5.49 26-Feb-2021 - 28-Feb-2022 3.80 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
ITI Banking & PSU Debt Fund Direct-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.69 0.37 -2.20 -4.41 -- --
Debt: Banking and PSU* 6.63 2.35 1.40 2.85 2.43 5.10
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-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 8 10 5 67
Modified Duration (yrs) 0.29 1.95 0.12 1.66
Average Maturity (yrs) 0.31 2.32 0.13 2.28
Yield to Maturity (%) 4.96 4.96 3.79 6.26
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
new Indian Bank 15/06/2022 Certificate of Deposit A1+ 0.00 - 10.10 10.10
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 0.00 - 9.96 9.70
new Bank of Baroda 2022 Certificate of Deposit A1+ 0.00 - 9.69 9.69
new Axis Bank 16/06/2022 Certificate of Deposit A1+ 0.00 - 9.68 9.68
equal 8.84% Power Grid Corporation 21/10/2022 Bonds AAA 0.00 - 9.89 9.59
equal 8.83% Indian Railway Finance Corporation 25/03/2023 Bonds AAA 0.00 - 9.28 8.60
equal 8.02% Bharat Petroleum Corporation 2024 Debenture AAA 0.00 - 8.90 8.56
equal 8.88% Export-Import Bank 18/10/2022 Bonds AAA 0.00 - 8.79 8.52

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-May-2022

Fund Manager

— Vikrant Mehta since 18-Jan-2021

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining ITI Mutual Fund, he has worked with Indiabulls AMC, 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 28-Jun-2022

Growth: ₹ 10.7312

IDCW: ₹ 10.7312


Investment Strategy

The scheme seeks to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks(SCBs), Public Sector undertakings(PSUs), Public Financial Institutions(PFIs) and Municipal Bonds.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ITI Mutual Fund
Launch Date: 23-Oct-2020
Return Since Launch: 4.29%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 24 Cr (As on 31-May-2022)
Expense: 0.15% (As on 31-May-2022)
Risk Grade: Below Average
Return Grade: High

Contact Information

AMC: ITI Asset Management Ltd.

Address: ITI Asset Mangement Limited, ITI House, Building no. 36, Dr. R. K. Shirodkar Marg, Parel, Mumbai - 400012

Phone: 022-66214999

Email: [email protected]

Website: http://www.itiamc.com

Registrar & Transfer Agent: KFin Technologies 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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