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

30th September 2021

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

30th September 2021

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 : ₹ 19,304.82 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 : ₹ 19,205.19 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. Suyash Choudhary (w.e.f. 28th July 2021) &
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.

1.55%
Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

1.35 years
Average Maturity 1.51 years
Macaulay Duration 1.41 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.

4.49%
Total Expense Ratio
Regular0.63%
Direct0.31%
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, IDCW@-Daily, Fortnightly, Monthly (Reinvestment), Quarterly (Payout), Annual (Payout) & Periodic (Payout & Reinvestment).
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 (₹) as on September 30, 2021
Plan Option Freq NAV
Regular Plan Growth - 19.6957
Regular Plan IDCW@ - 10.6355
Regular Plan IDCW@ Fortnightly 10.6016
Regular Plan IDCW@ Daily 10.8663
Regular Plan IDCW@ Monthly 10.6675
Regular Plan IDCW@ Quarterly 10.5343
Regular Plan IDCW@ Annual 11.2092
@Income Distribution and Capital Withdrawal


NameRating% of NAV
Corporate Bond 78.40%
NABARD AAA 11.54%
Power Finance Corporation AAA 7.50%
HDFC AAA 7.03%
REC AAA 6.27%
Indian Railway Finance Corporation AAA 6.11%
Axis Bank AAA 5.31%
Hindustan Petroleum Corporation AAA 4.97%
National Highways Auth of Ind AAA 4.75%
Small Industries Dev Bank of India AAA 3.63%
National Housing Bank AAA 3.46%
ICICI Bank AAA 2.75%
Export Import Bank of India AAA 2.62%
Reliance Industries AAA 2.46%
LIC Housing Finance AAA 2.34%
Power Grid Corporation of India AAA 1.97%
Housing & Urban Development Corporation AAA 1.60%
NTPC AAA 1.15%
Indian Oil Corporation AAA 0.92%
NHPC AAA 0.90%
Larsen & Toubro AAA 0.81%
Bajaj Finance AAA 0.27%
Tata Sons Private AAA 0.01%
Government Bond 10.88%
7.32% - 2024 G-Sec SOV 3.63%
7.37% - 2023 G-Sec SOV 3.21%
5.22% - 2025 G-Sec SOV 2.05%
7.16% - 2023 G-Sec SOV 0.68%
4.26% - 2023 G-Sec SOV 0.62%
7.68% - 2023 G-Sec SOV 0.58%
8.13% - 2022 G-Sec SOV 0.11%
Certificate of Deposit 4.81%
Axis Bank A1+ 3.58%
Export Import Bank of India A1+ 1.23%
Commercial Paper 1.17%
Export Import Bank of India A1+ 0.67%
HDFC A1+ 0.50%
State Government Bond 0.66%
9.25% Haryana SDL - 2023 SOV 0.28%
5.41% Andhra Pradesh SDL - 2024 SOV 0.13%
5.68% Maharashtra SDL - 2024 SOV 0.08%
7.93% Chattisgarh SDL - 2024 SOV 0.06%
8.62% Maharashtra SDL - 2023 SOV 0.06%
7.77% Gujarat SDL - 2023 SOV 0.03%
5.93% ODISHA SDL - 2022 SOV 0.02%
8.48% Tamilnadu SDL - 2023 SOV 0.01%
8.10% Tamil Nadu SDL - 2023 SOV 0.003%
Floating Rate Note 0.16%
Kotak Mahindra Bank A1+ 0.16%
Zero Coupon Bond 0.02%
LIC Housing Finance AAA 0.02%
Net Cash and Cash Equivalent 3.91%
Grand Total 100.00%



Performance based on NAV as on 30/09/2021 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.



Scheme risk-o-meter

Investors understand that their principal will be at Low to Moderate risk

This product is suitable for investors who are seeking*

  • 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.

Benchmark risk-o-meter

NIFTY Banking & PSU Debt Index




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