Rating : ★ ★ ★ ☆ ☆

IDFC Banking & PSU Debt Fund-Direct Plan- Quarterly Dividend Payout

Debt

  

Banking and PSU Fund

NAV

10.752-0.0011

(as on 25 Sep, 2020)

RETURNS

7.23 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Investment Plan

0%

Benchmark

CRISIL Short Term Bond Fund TR INR

Asset Size

17690.86 Cr.

(As of 31 Aug, 2020)

Risk

Moderate

Objective

The Scheme seeks to generate returns through investments in debt and money market instruments predominantly issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs).

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Fund manager

Anurag Mittal

Exit load

N / A

Minimum sip

₹1000

Minimum investment

₹5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

6.63%

Axis Bank Limited

5.55%

INDIAN RAILWAY FINANCE CORPORATION LIMITED

3.79%

HINDUSTAN PETROLEUM CORPORATION LIMITED

3.01%

Sector Allocation

About the Scheme Type

Banking and PSU debt funds are generally seen as an alternative for bank deposits with low risk, liquidity and the appetite to generate stable returns. As seen in the past, these funds have an average maturity of about 2 years and invest mostly in AAA rated securities – bank certificates of deposits or bonds / debentures of PSUs. The volatility in their case is relatively lower than long-duration funds and is suited for investors looking for higher returns than bank deposits but at the same time, do not want to be exposed to high risks.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

★ ★ ★ ☆ ☆

Overview of IDFC Asset Management Company Limited

IDFC Asset Management Company Limited finds its roots back to 2000 when it was established and which has since gone on to become one of the largest fund houses in India (in terms of AUM). The IDFC Mutual Fund provides its services to institutional and retail investors and has developed a robust network to deliver consistent value to its investors across India. The IDFC Fund manages equity, fixed income, and balanced mutual funds for its clients and invests in public equity and fixed income markets of India. The firm obtains external research to complement its in- house research. IDFC Asset Management Company Limited operates as a subsidiary of IDFC Financial Holding Company Limited.