IDFC Banking & PSU Debt Fund Core Bucket

An open ended debt scheme predominantly investing in debt instruments of banks,
Public Sector Undertakings, Public Financial Institutions and Municipal Bonds

31st December 2019

IDFC Banking & PSU Debt Fund Core Bucket

An open ended debt scheme predominantly investing in debt instruments of banks,
Public Sector Undertakings, Public Financial Institutions and Municipal Bonds

31st December 2019

About the Fund:The Fund will predominantly invest in high quality money market and debt instruments of Banks, PSU and PFI.
Category: Banking and PSU
Monthly Avg AUM : ₹ 12,446.20 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Monthly end AUM : ₹ 12,626.73 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Inception Date: 7 March 2013
Fund Manager :

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Mr. Anurag Mittal (w.e.f. 15th May 2017)
Other Parameter:
Standard Deviation (Annualized)

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

2.81%
Modified Duration

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

2.61 years
Average Maturity 3.14 years
Yield to Maturity

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

6.95%
Expense Ratio
Regular0.65%
Direct0.30%
Benchmark: NIFTY Banking & PSU Debt Index (w.e.f. 11th November 2019)
SIP (Minimum Amount): ₹ 1,000/-
SIP Frequency: Monthly
SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 5,000/- and any amount thereafter
Option Available: Growth, Dividend - Daily, Fortnightly, Monthly (Reinvestment), Quarterly (Payout), Annual (Payout) & Periodic
Exit Load :

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.

Nil (w.e.f. June 12th 2017)
NAV (₹)
Plan Option Freq NAV
Regular Plan Growth - 17.2851
Regular Plan Dividend - 12.5747
Regular Plan Dividend Fortnightly 10.6010
Regular Plan Dividend Daily 10.4856
Regular Plan Dividend Monthly 10.6149
Regular Plan Dividend Quarterly 10.6771
Regular Plan Dividend Annual11.0402


NameRating% of NAV
Corporate Bond 90.07%
NABARD AAA 11.24%
LIC Housing Finance AAA 10.01%
Power Finance Corporation AAA 8.36%
National Highways Auth of Ind AAA 6.59%
Hindustan Petroleum Corporation AAA 5.88%
Small Industries Dev Bank of India AAA 5.81%
REC AAA 5.57%
Indian Railway Finance Corporation AAA 4.96%
Axis Bank AAA 4.87%
Export Import Bank of India AAA 4.41%
National Housing Bank AAA 3.98%
Power Grid Corporation of India AAA 3.69%
ICICI Bank AAA 2.91%
Housing & Urban Development Corporation AAA 2.35%
Bharat Petroleum Corporation AAA 2.24%
NHPC AAA 1.35%
Reliance Industries AAA 1.33%
Bajaj Finance AAA 1.25%
HDFC AAA 1.09%
NTPC AAA 1.06%
HDB Financial Services AAA 0.92%
Sundaram Finance AAA 0.16%
Tata Sons Private AAA 0.03%
Zero Coupon Bond 4.48%
Sundaram Finance AAA 1.97%
HDB Financial Services AAA 1.33%
LIC Housing Finance AAA 0.79%
Bajaj Finance AAA 0.39%
Certificate of Deposit 2.23%
Small Industries Dev Bank of India A1+ 0.93%
ICICI Bank A1+ 0.63%
Kotak Mahindra Bank A1+ 0.56%
Axis Bank A1+ 0.12%
State Government Bond 0.02%
8.48% Tamilnadu SDL - 2023 SOV 0.02%
8.10% Tamil Nadu SDL - 2023 SOV 0.004%
Net Cash and Cash Equivalent 3.19%
Grand Total 100.00%



Performance based on NAV as on 31/12/2019 Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data
*Inception Date of Regular Plan - Growth Mar 07, 2013.
The Fund (erstwhile IDFC Banking Debt Fund) has been repositioned with effect from June 12, 2017.



  • To generate optimal returns over short to medium term.
  • Investments predominantly in debt & money market instruments issued by PSU, Banks & PFI.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.




Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.