Banking and PSU Fund - An open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds. A relatively high interest rate risk and moderate credit risk.
(as on August 30, 2022)
SCHEME OBJECTIVE | To generate income and/or capital appreciation through a portfolio of high quality debt and money market instruments issued by entities such as Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there is no assurance that the objective of the fund will be realised. |
DATE OF ALLOTMENT | August 22, 2022 |
BENCHMARK | CRISIL Banking and PSU Debt Index |
FUND MANAGER* | Mr. Avnish Jain |
TOTAL EXPERIENCE | 27 Years |
MANAGING THIS FUND | Since 22-August-22 |
ASSET ALLOCATION | Debt and Money Market instruments- 0% to 100% (Risk- Low to Medium) Reits / Invits- 0% to 10% (Risk- Medium to High) |
MINIMUM INVESTMENT | Lump sum: ₹ 5,000.00 and multiples of ₹ 1.00 thereafter.
Subsequent purchases: ₹ 1000.00 and multiples of ₹ 1.00 thereafter
SIP: For Any date/monthly frequency – ₹ 1000 and in multiples of ₹ 1 thereafter
For quarterly frequency – ₹ 2000 and in multiples of ₹ 1 thereafter STP: For Daily/Weekly/Monthly frequency – ₹ 1000 and in multiples of ₹ 1 thereafter For quarterly frequency – ₹ 2000 and in multiples of ₹ 1 thereafter SWP: For monthly frequency – ₹ 1000 and in multiples of ₹ 1 thereafter For quarterly frequency – ₹ 2000 and in multiples of ₹ 1 thereafter |
PLANS / OPTIONS | Regular Plan - Reinvestment of Income Distribution cum Capital Withdrawal Option Regular Plan - Payout of Income Distribution cum Capital Withdrawal Option Regular Plan - Growth Option Direct Plan - Reinvestment of Income Distribution cum Capital Withdrawal Option Direct Plan - Payout of Income Distribution cum Capital Withdrawal Option Direct Plan - Growth Option |
ENTRY LOAD | NA |
EXIT LOAD | Nil |
EXPENSE RATIO^: |
Regular Plan : 0.71% Direct Plan : 0.31% |
Monthend AUM# | ₹ 509.02 Crores |
Monthly AVG AUM | ₹ 131.21 Crores |
(as on August 30, 2022) | |
Direct Plan - Daily IDCW (reinvestment) | ₹ 10.0251 |
Direct Plan - Growth Option | ₹ 10.0242 |
Direct Plan - IDCW (payout/reinvestment) | ₹ 10.0242 |
Direct Plan - Monthly IDCW (payout/reinvestment) | ₹ 10.0251 |
Yield to Maturity | 6.91% |
Modified Duration | 2.49 Years |
Average Maturity | 3.20 Years |
Macaulay Duration | 2.65 Years |
Name of the Instruments |
Rating |
% to NAV |
Money Market Instruments |
13.82 |
|
Bank of Baroda |
A1+(IND) |
4.61 |
Export-Import Bank Of India |
A1+(CRISIL) |
4.61 |
Kotak Mahindra Bank Ltd |
A1+(CRISIL) |
4.60 |
Debt Instruments |
67.88 |
|
Small Industries Development Bank Of India |
AAA(ICRA) |
6.87 |
HDFC Bank Ltd |
AAA(CRISIL) |
5.17 |
Power Finance Corporation Ltd |
AAA(CRISIL) |
5.07 |
Indian Railway Finance Corporation Ltd |
AAA(CARE) |
5.01 |
ICICI Bank Ltd |
AAA(CARE) |
4.94 |
National Housing Bank |
AAA(CRISIL) |
4.92 |
Indian Oil Corporation Ltd |
AAA(CRISIL) |
4.83 |
National Bank For Agriculture & Rural Development |
AAA(ICRA) |
4.77 |
National Bank For Agriculture & Rural Development |
AAA(CRISIL) |
4.71 |
LIC Housing Finance Ltd |
AAA(CRISIL) |
4.69 |
Housing Development Finance Corporation Ltd |
AAA(CRISIL) |
3.97 |
Indian Railway Finance Corporation Ltd |
AAA(CRISIL) |
3.12 |
Power Finance Corporation Ltd |
AAA(CRISIL) |
2.95 |
LIC Housing Finance Ltd |
AAA(CRISIL) |
1.97 |
Small Industries Development Bank Of India |
AAA(ICRA) |
1.97 |
LIC Housing Finance Ltd |
AAA(CRISIL) |
1.92 |
REC Ltd |
AAA(CRISIL) |
1.00 |
Government Securities |
7.83 |
|
8.15% GOI 24-NOV-26 |
Sovereign |
2.04 |
7.38% GOI 20-JUN-27 |
Sovereign |
1.99 |
5.63% GOI 12-APR-26 |
Sovereign |
1.89 |
6.79% GOI 15-MAY-27 |
Sovereign |
0.97 |
5.74% GOI 15-NOV-26 |
Sovereign |
0.94 |
Tri - party repo |
9.70 |
|
Other Current Assets |
0.77 |
|
Grand Total ( Net Asset) |
100.00 |
% Allocation |
|
Net Current Assets |
0.79% |
0 to 3 Months |
9.70% |
6 to 12 Months | 13.82% |
1 -2 years | 15.77% |
Greater Than 2 Years | 59.91% |
This product is suitable for investors who are seeking*: | |
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*Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
$ Source ICRA MFI Explorer # Monthend AUM as on 30.08.2022 | ^The expense ratios mentioned for the schemes includes GST on investment management fees. Please click here for disclaimers. **Please refer notice cum addendum no.31 dated September 12, 2022 for change in riskometer for CRBPDF.