IDFC Banking & PSU Debt Fund Direct Dividend Daily+0.10%

4
13.24%
1 Year Return
Debt
Banking & PSU
4.0star
6M
1Y
3Y
5Y
All

Fund Details

IDFC Banking & PSU Debt Fund Direct Dividend Daily

RiskModerate
Min SIP Amount₹1000
Expense Ratio0.30%
NAV10.47 (09 Jul 2020)
Fund Started10 Feb 2014
Fund Size16,791 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IDFC Banking & PSU Debt Fund Direct Dividend Daily
13.2%
9.9%
9.0%
9.0%
Category Average
10.3%
8.0%
8.3%
-
Rank within category
3
2
11
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 13.2% annual returns

    Comparison

    Data not available
    Pros
    1. Risk-adjusted returns are higher compared to the category
    2. Lower expense ratio - 0.3%
    3. 1Y Returns are higher than the category average returns
    4. 3Y Returns are higher than the category average returns
    5. 5Y Returns are higher than the category average returns
    6. Exit load is zero
    Cons
    Found nothing so far.

    Top Holdings

    NameSectorInstrument% Assets
    National Bank For Agriculture & Rural DevelopmentFinancialDebenture7.0%
    Axis Bank Ltd.FinancialBonds/Deb5.4%
    Indian Railway Finance Corpn. Ltd.FinancialDebenture4.0%
    National Housing BankFinancialNCD3.1%
    Hindustan Petroleum Corpn. Ltd.EnergyDebenture3.0%
    National Highways Authority of India Ltd.ServicesNCD2.4%
    ICICI Bank Ltd.FinancialBonds2.3%
    Hindustan Petroleum Corpn. Ltd.EnergyDebenture2.1%
    Reliance Industries Ltd.EnergyDebenture2.0%
    GOISovereignGOI Sec1.9%
    See All

    Fund Managers

    addAnurag Mittal
    Education
    Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.
    Experience
    Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).
    Funds Managed

    IDFC Banking & PSU Debt Fund Direct Dividend Daily Details

    IDFC Banking & PSU Debt Fund Direct Dividend Daily is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was made available to investors on 10 Feb 2014. Anurag Mittal is the Current Fund Manager of IDFC Banking & PSU Debt Fund Direct Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹16,791 Cr and the Latest NAV as of 09 Jul 2020 is ₹10.47.

    The IDFC Banking & PSU Debt Fund Direct Dividend Daily is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.

    Investment Objective

    The primary objective of the Scheme is to seek to generate stable returns with a low risk strategy by creating a portfolio that is invested in debt and money market instruments issued by scheduled Commercial banks. However, there can be no assurance or guarantee that the objectives of the scheme will be realized.

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

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    About IDFC Mutual Fund

    Address
    OneIndiaBulls Centre, 841 Jupiter Mills Compound, Senapati Bapat Marg, Elphinstone Road (West), Mumbai 400013
    Phone
    022-66289999
    Launch Date
    13 Mar 2000
    Website
    NA
    IDFC Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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