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.

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 28th February'22)

Category: Banking and PSU
Monthly Avg AUM: Rs17,996.13 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): 0.90%
Modified duration 1.00 years
Average Maturity: 1.09 years
Macaulay Duration: 1.05 years
Yield to Maturity: 4.77%
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 (28 February 2022)

NameRatingTotal (%)
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%

     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.


*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.
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.

Standard Deviation calculated on the basis of 1 year history of monthly data
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

Contact your Financial Advisor
Call toll free 1800-2-6666-88
Invest online at www.idfcmf.com
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@IDFCMF

Contact your Financial Advisor

Call toll free
1800-2-6666-88

Invest online at www.idfcmf.com

www.facebook.com/idfcamc

@IDFCMF