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.

31st January 2023

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.

31st January 2023

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 : ₹ 14,355.10 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 : ₹ 14,318.32 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. Gautam Kaul (w.e.f. 1st December 2021)
Mr. Suyash Choudhary (w.e.f. 28th July 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.

0.91%
Modified Duration

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

1.15 years
Average Maturity 1.35 years
Macaulay Duration 1.22 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.

7.17%
Total Expense Ratio
Regular0.62%
Direct0.32%
Benchmark: NIFTY Banking & PSU Debt Index (w.e.f. 11th November 2019)
SIP (Minimum Amount): ₹ 100/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: 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 : ₹ 1,000/- 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 January 31, 2023
Plan Option Freq NAV
Regular Plan Growth - 20.6405
Regular Plan IDCW@ - 11.1458
Regular Plan IDCW@ Fortnightly 10.6287
Regular Plan IDCW@ Daily 10.8788
Regular Plan IDCW@ Monthly 10.6694
Regular Plan IDCW@ Quarterly 10.6269
Regular Plan IDCW@ Annual 11.2970
@Income Distribution and Capital Withdrawal
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.


NameRating% of NAV
Corporate Bond 39.83%
REC AAA 11.53%
Small Industries Dev Bank of India AAA 7.64%
Indian Railway Finance Corporation AAA 6.80%
Power Finance Corporation AAA 3.80%
Axis Bank AAA 2.37%
HDFC AAA 1.84%
NHPC AAA 0.94%
Power Grid Corporation of India AAA 0.93%
Export Import Bank of India AAA 0.92%
National Housing Bank AAA 0.73%
ICICI Bank AAA 0.61%
NTPC AAA 0.42%
Grasim Industries AAA 0.38%
Oil & Natural Gas Corporation AAA 0.34%
Hindustan Petroleum Corporation AAA 0.24%
Indian Oil Corporation AAA 0.20%
Reliance Industries AAA 0.10%
NABARD AAA 0.03%
Certificate of Deposit 26.18%
Canara Bank A1+ 8.03%
Axis Bank A1+ 4.97%
Kotak Mahindra Bank A1+ 2.92%
Export Import Bank of India A1+ 2.37%
Indian Bank A1+ 2.26%
Small Industries Dev Bank of India A1+ 1.87%
HDFC Bank A1+ 1.39%
State Bank of India A1+ 1.00%
ICICI Bank A1+ 0.67%
Bank of Baroda A1+ 0.52%
NABARD A1+ 0.17%
Commercial Paper 11.31%
Hindustan Petroleum Corporation A1+ 7.84%
Export Import Bank of India A1+ 2.43%
NTPC A1+ 1.04%
State Government Bond 9.15%
6.75% Odisha SDL - 2023 SOV 1.40%
6.20% Madhya Pradesh SDL - 2023 SOV 1.40%
8.28% Karnataka SDL - 2026 SOV 1.00%
6.18% Gujarat SDL - 2026 SOV 0.51%
8.27% Tamilnadu SDL - 2026 SOV 0.50%
8.3% Madhya Pradesh SDL - 2026 SOV 0.50%
8.10% Tamil Nadu SDL - 2023 SOV 0.49%
7.99% Karnatak SDL - 2025 SOV 0.39%
8.27% Gujarat SDL - 2026 SOV 0.36%
8.20% GUJARAT SDL - 2025 SOV 0.36%
9.25% Haryana SDL - 2023 SOV 0.35%
7.47% Gujarat SDL - 2025 SOV 0.35%
8.36% Maharashtra SDL - 2026 SOV 0.29%
7.97% Tamil Nadu SDL - 2025 SOV 0.25%
6.9% Tamilnadu SDL - 2025 SOV 0.21%
8.12% Maharashtra SDL - 2025 SOV 0.18%
7.96% Gujarat SDL - 2025 SOV 0.18%
8.27% Karnataka SDL - 2025 SOV 0.14%
7.93% Chattisgarh SDL - 2024 SOV 0.07%
8.62% Maharashtra SDL - 2023 SOV 0.07%
7.95% Tamil Nadu SDL - 2023 SOV 0.04%
7.62% Tamil Nadu SDL - 2023 SOV 0.04%
7.77% Gujarat SDL - 2023 SOV 0.04%
7.77% Tamil Nadu SDL - 2023 SOV 0.04%
8.48% Tamilnadu SDL - 2023 SOV 0.02%
7.18% Tamilnadu SDL - 2027 SOV 0.01%
Government Bond 6.36%
7.38% - 2027 G-Sec SOV 6.36%
Treasury Bill 3.95%
364 Days Tbill - 2023 SOV 3.40%
182 Days Tbill - 2023 SOV 0.56%
Net Cash and Cash Equivalent 3.22%
Grand Total 100.00%



Performance based on NAV as on 31/01/2023 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



*The scheme is currently following a 'roll down' investment approach on a tactical basis. Since it is in its last phase of roll down, the portfolio will be repositioned as an approximately 3-year roll down investment approach in Jan-March (JFM) quarter of CY23. This means that in the JFM quarter the average maturity will increase on account of repositioning. Post repositioning, ordinarily the average maturity of the scheme's portfolio is unlikely to increase significantly and may be expected to generally reduce with the passage of time, subject to intermittent periods of volatility in the maturity profile owing to AUM (Asset Under Management) movement and market conditions. The approach being followed is tactical in nature and would be subject to change depending on investment opportunities available without prior notice.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.