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. A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk.
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. A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk.
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Category: Banking and PSU
: ₹ 17,996.13 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.
: ₹ 17,917.62 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.
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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. Gautam Kaul (w.e.f. 1st Dcember 2021)
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. | 0.90% |
| Modified Duration
Modified duration is the price sensitivity and the percentage change in price for a unit change in yield | 1.00 years |
| Average Maturity | 1.09 years |
| Macaulay Duration | 1.05 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. | 4.77% |
| Total Expense Ratio | |
| Regular | 0.62% |
| Direct | 0.31% |
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 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.
NAV (₹) as on February 28, 2022
| Plan | Option | Freq | NAV |
| Regular Plan | Growth | - | 19.9485 |
| Regular Plan | IDCW@ | - | 10.7720 |
| Regular Plan | IDCW@ | Fortnightly | 10.6207 |
| Regular Plan | IDCW@ | Daily | 10.8788 |
| Regular Plan | IDCW@ | Monthly | 10.6679 |
| Regular Plan | IDCW@ | Quarterly | 10.6069 |
| Regular Plan | IDCW@ | Annual | 11.3540 |
| Name | Rating | % of NAV |
| Corporate Bond | 73.44% | |
| NABARD | AAA | 10.78% |
| HDFC | AAA | 7.56% |
| Indian Railway Finance Corporation | AAA | 6.45% |
| REC | AAA | 6.28% |
| Axis Bank | AAA | 5.59% |
| Hindustan Petroleum Corporation | AAA | 5.27% |
| Power Finance Corporation | AAA | 5.02% |
| National Housing Bank | AAA | 3.95% |
| Small Industries Dev Bank of India | AAA | 3.28% |
| ICICI Bank | AAA | 2.90% |
| Export Import Bank of India | AAA | 2.76% |
| National Highways Auth of Ind | AAA | 2.00% |
| Power Grid Corporation of India | AAA | 1.92% |
| Housing & Urban Development Corporation | AAA | 1.69% |
| LIC Housing Finance | AAA | 1.60% |
| Reliance Industries | AAA | 1.44% |
| Indian Oil Corporation | AAA | 1.26% |
| NTPC | AAA | 1.21% |
| NHPC | AAA | 0.92% |
| Larsen & Toubro | AAA | 0.86% |
| Oil & Natural Gas Corporation | AAA | 0.41% |
| Bajaj Finance | AAA | 0.28% |
| Tata Sons Private | AAA | 0.01% |
| Certificate of Deposit | 9.76% | |
| Bank of Baroda | A1+ | 4.02% |
| Axis Bank | A1+ | 2.48% |
| Export Import Bank of India | A1+ | 1.34% |
| HDFC Bank | A1+ | 1.10% |
| Canara Bank | A1+ | 0.82% |
| Government Bond | 7.63% | |
| 7.37% - 2023 G-Sec | SOV | 3.39% |
| 7.32% - 2024 G-Sec | SOV | 2.45% |
| 7.16% - 2023 G-Sec | SOV | 0.80% |
| 4.26% - 2023 G-Sec | SOV | 0.67% |
| 7.68% - 2023 G-Sec | SOV | 0.20% |
| 8.13% - 2022 G-Sec | SOV | 0.11% |
| State Government Bond | 2.21% | |
| 6.20% Madhya Pradesh SDL - 2023 | SOV | 1.13% |
| 9.25% Haryana SDL - 2023 | SOV | 0.30% |
| 8.10% Tamil Nadu SDL - 2023 | SOV | 0.29% |
| 5.41% Andhra Pradesh SDL - 2024 | SOV | 0.14% |
| 5.68% Maharashtra SDL - 2024 | SOV | 0.08% |
| 7.93% Chattisgarh SDL - 2024 | SOV | 0.06% |
| 8.62% Maharashtra SDL - 2023 | SOV | 0.06% |
| 7.95% Tamil Nadu SDL - 2023 | SOV | 0.03% |
| 7.77% Gujarat SDL - 2023 | SOV | 0.03% |
| 7.77% Tamil Nadu SDL - 2023 | SOV | 0.03% |
| 7.62% Tamil Nadu SDL - 2023 | SOV | 0.03% |
| 5.93% ODISHA SDL - 2022 | SOV | 0.02% |
| 8.48% Tamilnadu SDL - 2023 | SOV | 0.01% |
| Commercial Paper | 1.09% | |
| HDFC | A1+ | 0.55% |
| Small Industries Dev Bank of India | A1+ | 0.54% |
| Floating Rate Note | 0.17% | |
| Kotak Mahindra Bank | A1+ | 0.17% |
| Zero Coupon Bond | 0.02% | |
| LIC Housing Finance | AAA | 0.02% |
| Net Cash and Cash Equivalent | 5.70% | |
| Grand Total | 100.00% |
Performance based on NAV as on 28/02/2022 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
This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to the interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order greater than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio maturity of the scheme as well and exercise adequate due diligence when deciding to make their investments.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
