IDFC BANKING & PSU DEBT FUND
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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IDFC BANKING & PSU DEBT FUND
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.
• A portfolio that emphasizes on high quality
instruments. currently 100% AAA and equivalent
instruments.
• By investing in one single fund you get to diversify your
allocation into multiple high quality instruments issued
by banks, PSUs (Public Sector Undertakings), PFIs
(Public Financial Institutions) and Municipal Bonds.
• Ideal to form part of ‘Core’ Bucket – due to its high
quality and low to moderate duration profile*
FUND FEATURES: (Data as on 30th November'21)
Category: Banking and PSU
Monthly Avg AUM: Rs18,757.19 Crores
Inception Date: 7th March 2013
Fund Manager: Mr. Suyash Choudhary
(w.e.f. 28th July 2021) Mr. Gautam Kaul
(w.e.f. 1st Dcember 2021)
Standard Deviation (Annualized): 1.24%
Modified duration 1.18 years
Average Maturity: 1.30 years
Macaulay Duration: 1.24 years
Yield to Maturity: 4.59%
Benchmark: NIFTY Banking & PSU
Debt Index (w.e.f 11/11/2019)
Minimum Investment Amount: Rs5,000/- and any amount thereafter
Exit Load: Nil (w.e.f. 12th June 2017)
Options Available : Growth, IDCW@
- Daily, Fortnightly, Monthly
(Reinvestment), Quarterly (Payout),
Annual (Payout) & Periodic (Payout &
Reinvestment)
Maturity Bucket:
@Income Distribution cum capital withdrawal
| PORTFOLIO | (30 November 2021) |
| Name | Rating | Total (%) |
| Corporate Bond | 80.15% | |
| NABARD | AAA | 11.56% |
| Power Finance Corporation | AAA | 7.42% |
| HDFC | AAA | 7.30% |
| REC | AAA | 6.67% |
| Indian Railway Finance Corporation | AAA | 6.52% |
| Axis Bank | AAA | 5.43% |
| Hindustan Petroleum Corporation | AAA | 5.10% |
| National Highways Auth of Ind | AAA | 4.86% |
| National Housing Bank | AAA | 3.81% |
| Small Industries Dev Bank of India | AAA | 3.72% |
| ICICI Bank | AAA | 2.81% |
| Export Import Bank of India | AAA | 2.68% |
| Reliance Industries | AAA | 2.53% |
| Power Grid Corporation of India | AAA | 2.02% |
| Housing & Urban Development Corporation | AAA | 1.64% |
| LIC Housing Finance | AAA | 1.55% |
| NTPC | AAA | 1.17% |
| Indian Oil Corporation | AAA | 0.95% |
| NHPC | AAA | 0.89% |
| Larsen & Toubro | AAA | 0.83% |
| Oil & Natural Gas Corporation | AAA | 0.40% |
| Bajaj Finance | AAA | 0.27% |
| Tata Sons Private | AAA | 0.01% |
| Government Bond | 9.05% | |
| 7.32% - 2024 G-Sec | SOV | 3.73% |
| 7.37% - 2023 G-Sec | SOV | 3.28% |
| 7.16% - 2023 G-Sec | SOV | 0.70% |
| 4.26% - 2023 G-Sec | SOV | 0.64% |
| 7.68% - 2023 G-Sec | SOV | 0.60% |
| 8.13% - 2022 G-Sec | SOV | 0.11% |
| Certificate of Deposit | 4.98% | |
| Axis Bank | A1+ | 3.71% |
| Export Import Bank of India | A1+ | 1.27% |
| Commercial Paper | 1.22% | |
| Export Import Bank of India | A1+ | 0.70% |
| HDFC | A1+ | 0.52% |
| State Government Bond | 1.04% | |
| 9.25% Haryana SDL - 2023 | SOV | 0.29% |
| 8.10% Tamil Nadu 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% |
| 7.77% Tamil Nadu SDL - 2023 | SOV | 0.03% |
| 7.95% 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% |
| 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 | 3.39% | |
| Grand Total | 100.00% |
ASSET QUALITY
POTENTIAL RISK CLASS MATRIX
RISKOMETER
Scheme risk-o-meter
Benchmark risk-o-meter
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 advisors if in doubt
about whether the product is suitable for them.
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*The scheme is currently following a ‘roll down’ investment approach on a tactical basis. This means that 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 movement and market conditions. The approach being followed currently is tactical in nature and would be subject to change depending on investment opportunities available without prior notice.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
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