Rating : ★ ★ ★ ★ ☆

Sundaram Banking & PSU Debt Fund - Direct Plan - Bonus Option

Debt

  

Banking and PSU Fund

NAV

17.0388 +0.0031

(as on 24 Feb, 2021)

RETURNS

8.03 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Expense Ratio

0%

Asset Size

997.38 Cr.

(As of 31 Jan, 2021)

Benchmark

CRISIL Banking and PSU Debt TR INR

Riskometer

Investors understand that their principal will be at Low to Moderate Risk.

Objective

To generate income and capital appreciation by predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds

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Fund manager

Dwijendra Srivastava

Exit load

N / A

Minimum sip

₹0

Minimum investment

₹100000

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

Housing Development Finance Corporation Limited

8.67%

Small Industries Development Bank of India

7.81%

Rural Electrification Corporation Limited

5.63%

National Bank For Agriculture and Rural Development

5.12%

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 4 stars by Morning Star Ratings.

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Overview of Sundaram Asset Management Company Ltd

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