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Unrated

Baroda Banking & PSU Bond Fund - Regular Plan


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
Fund 3.32 0.03 0.14 0.74 0.73 2.20 -- -- -- -- --
CCIL T Bill Liquidity Weight 1.86 0.01 0.06 0.21 0.45 1.08 -- -- -- -- --
Debt: Banking and PSU 3.25 0.00 0.10 0.45 0.73 2.05 -- -- -- -- --
Rank within category 10 3 6 3 7 7 -- -- -- -- --
Number of funds in category 20 21 21 21 21 21 19 16 14 12 2

As on 01-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Baroda Banking & PSU Bond Fund - Regular Plan
Unrated
Dec-20 -- -- -- 0.80% 208
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 3.42 8.82 7.68 0.62% 18,845
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 3.76 8.38 7.01 0.70% 18,115
Axis Banking & PSU Debt Fund
4 star
Jun-12 3.37 8.06 7.60 0.62% 16,526
ICICI Prudential Banking & PSU Debt Fund  | Invest Now
4 star
Jan-10 4.69 8.11 6.79 0.80% 13,926

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.74 18-Mar-2021 - 25-Mar-2021 -0.66 29-Jan-2021 - 05-Feb-2021
Month 1.36 16-Mar-2021 - 15-Apr-2021 -1.27 08-Jan-2021 - 09-Feb-2021
Quarter 2.61 16-Mar-2021 - 15-Jun-2021 -0.79 18-Dec-2020 - 19-Mar-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Banking and PSU* 7.75 2.43 1.76 3.56 2.32 5.38
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-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 13 11 80
Modified Duration (yrs) 3.08 3.13 2.02 --
Average Maturity (yrs) 3.75 3.80 2.44 --
Yield to Maturity (%) 5.64 5.64 4.72 --
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 7.99% State Bank of India Additional Tier 2 Bond AAA 8.58 - 15.04 12.56
equal 6.90% GOI 2026 Central Government Loan SOV 0.00 - 12.35 12.35
equal 5.62% Export-Import Bank 20/06/2025 Debenture AAA 0.00 - 12.01 12.01
equal 7.60% ICICI Bank 2023 Bonds AAA 4.02 - 10.03 10.03
equal 6.50% Power Finance Corporation 17/09/2025 Non Convertible Debenture AAA 0.00 - 9.81 9.81
equal 5.81% REC 31/12/2025 Debenture AAA 0.00 - 9.53 9.53
new 4.50% Oil & Natural Gas Corporation 2024 Debenture AAA 0.00 - 9.50 9.50
equal 5.50% Indian Oil Corporation 20/10/2025 Non Convertible Debenture AAA 0.00 - 8.12 8.12
down 8.85% Axis Bank 2024 Debenture AAA 5.26 - 11.17 7.85
down 4.78% Housing & Urban Development Corporation 28/02/2024 Non Convertible Debenture AAA 2.38 - 12.05 2.38
down 6.18% GOI 2024 GOI Securities SOV 0.00 - 2.53 0.49

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-Oct-2021

Fund Manager

— Alok Sahoo since 27-Nov-2020

Education: Mr. Sahoo is a B.E and PGDM from XIM Bhubaneshwar.

Experience: Prior to joining Baroda AMC he has worked with UTI Mutual Fund and HSBC Mutual Fund.

Funds Managed:

— Karn Kumar since 27-Nov-2020

Education: Mr. Kumar is CA and B.com(Hons)

Experience: Prior to joining Baroda Asset Management India Limited, he has worked with CRISIL Ltd, ICICI bank and Sterlite Industries ltd.

Funds Managed:


0.03%

Change from previous, NAV as on 01-Dec-2021

Growth: ₹ 10.3539

IDCW Quarterly: ₹ 10.1413

IDCW Monthly: ₹ 10.3539


Investment Strategy

The Scheme seeks to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs), Public Financial Institutions 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 (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 17-Dec-2020
Return Since Launch: 3.54%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 208 Cr (As on 31-Oct-2021)
Expense: 0.80% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly27-Sep-20210.1100

 25-Jun-20210.1000

Contact Information

AMC: Baroda Asset Management India Ltd

Address: 501, Raheja Titanium, Western Express Highway, Goregoan, (E) Mumbai - 400063

Phone: +91 22-3074 1000

Fax: +91 22-3074 1001

Email: [email protected]

Website: http://www.barodapioneer.in

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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