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
: ₹ 14,514.51 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.
: ₹ 14,408.41 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.
:
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. | 0.89% |
| Modified Duration
Modified duration is the price sensitivity and the percentage change in price for a unit change in yield | 0.23 years |
| Average Maturity | 0.25 years |
| Macaulay Duration | 0.24 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. | 6.80% |
| Total Expense Ratio | |
| Regular | 0.62% |
| Direct | 0.32% |
SIP (Minimum Amount): ₹ 1,000/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment. (Quarterly): Any day of next month from,the Quarter end. ) Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment (w.e.f. 09-11-2022)
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 December 30, 2022
| Plan | Option | Freq | NAV |
| Regular Plan | Growth | - | 20.5450 |
| Regular Plan | IDCW@ | - | 11.0942 |
| Regular Plan | IDCW@ | Fortnightly | 10.6304 |
| Regular Plan | IDCW@ | Daily | 10.8788 |
| Regular Plan | IDCW@ | Monthly | 10.6701 |
| Regular Plan | IDCW@ | Quarterly | 10.5778 |
| Regular Plan | IDCW@ | Annual | 11.2446 |
| Name | Rating | % of NAV |
| Certificate of Deposit | 41.43% | |
| Canara Bank | A1+ | 10.20% |
| Axis Bank | A1+ | 6.99% |
| Bank of Baroda | A1+ | 5.71% |
| Kotak Mahindra Bank | A1+ | 3.92% |
| Small Industries Dev Bank of India | A1+ | 3.74% |
| HDFC Bank | A1+ | 3.26% |
| Indian Bank | A1+ | 2.74% |
| Export Import Bank of India | A1+ | 2.34% |
| State Bank of India | A1+ | 0.99% |
| NABARD | A1+ | 0.86% |
| ICICI Bank | A1+ | 0.66% |
| Corporate Bond | 34.99% | |
| NABARD | AAA | 10.36% |
| HDFC | AAA | 3.55% |
| Power Finance Corporation | AAA | 3.50% |
| Indian Railway Finance Corporation | AAA | 3.45% |
| REC | AAA | 2.69% |
| Axis Bank | AAA | 2.36% |
| National Housing Bank | AAA | 2.35% |
| Larsen & Toubro | AAA | 1.04% |
| NHPC | AAA | 0.94% |
| Power Grid Corporation of India | AAA | 0.92% |
| Export Import Bank of India | AAA | 0.91% |
| ICICI Bank | AAA | 0.88% |
| NTPC | AAA | 0.45% |
| Grasim Industries | AAA | 0.38% |
| Bajaj Finance | AAA | 0.35% |
| Oil & Natural Gas Corporation | AAA | 0.34% |
| Hindustan Petroleum Corporation | AAA | 0.24% |
| Small Industries Dev Bank of India | AAA | 0.17% |
| Reliance Industries | AAA | 0.10% |
| Commercial Paper | 8.65% | |
| Export Import Bank of India | A1+ | 3.46% |
| Hindustan Petroleum Corporation | A1+ | 2.08% |
| Indian Oil Corporation | A1+ | 1.04% |
| Bajaj Finance | A1+ | 1.04% |
| Small Industries Dev Bank of India | A1+ | 0.86% |
| HDFC | A1+ | 0.17% |
| Treasury Bill | 5.29% | |
| 364 Days Tbill - 2023 | SOV | 3.36% |
| 182 Days Tbill - 2023 | SOV | 1.93% |
| State Government Bond | 3.91% | |
| 6.75% Odisha SDL - 2023 | SOV | 1.39% |
| 6.20% Madhya Pradesh SDL - 2023 | SOV | 1.39% |
| 8.10% Tamil Nadu SDL - 2023 | SOV | 0.49% |
| 9.25% Haryana SDL - 2023 | SOV | 0.35% |
| 7.93% Chattisgarh SDL - 2024 | SOV | 0.07% |
| 8.62% Maharashtra SDL - 2023 | SOV | 0.07% |
| 7.95% Tamil Nadu SDL - 2023 | SOV | 0.03% |
| 7.62% Tamil Nadu SDL - 2023 | SOV | 0.03% |
| 7.77% Gujarat SDL - 2023 | SOV | 0.03% |
| 7.77% Tamil Nadu SDL - 2023 | SOV | 0.03% |
| 8.48% Tamilnadu SDL - 2023 | SOV | 0.02% |
| Government Bond | 1.29% | |
| 7.37% - 2023 G-Sec | SOV | 1.29% |
| Net Cash and Cash Equivalent | 4.45% | |
| Grand Total | 100.00% |
Performance based on NAV as on 30/12/2022 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
*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.
