(As of 30 Apr, 2019)
To generate returns by investing primarily in debt & Money Market Instruments issued by banks, Public Financial Institutions (PFIs), Public Sector Undertakings (PSUs) and Municipal Bonds.
(since 29 Dec, 2012)
National Bank For Agriculture And Rural Development
Power Grid Corporation Of India Limited
Bharat Petroleum Corporation Limited
Rural Electrification Corporation Limited
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 2 stars by Morning Star Ratings.
Default for all .