Rating: ★ ★ ★ ☆ ☆

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



Banking and PSU Fund


11.198 -0.0032

as on (28 May, 2020)


6.84 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Expense Ratio

0.3 %


CRISIL Short Term Bond Fund TR INR

Asset Size

13956.13 Cr.

(As of 30 Apr, 2019)




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

(since 15 May, 2017)

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.



ICICI Bank Limited

11.41 %

Axis Bank Limited

10.59 %


9.17 %

Power Grid Corporation Of India Limited

7.14 %

Sector Allocation

About the Scheme Type

Banking and PSU Fund

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


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.