IDFC Banking & PSU Debt Fund Regular Dividend Fortnightly+0.09%

4Groww
13.23%
1 Year Return
Debt
Banking & PSU
4.0 star
6M
1Y
3Y
5Y
All

Fund Details

IDFC Banking & PSU Debt Fund Regular Dividend Fortnightly

RiskModerately Low
Min SIP Amount₹1000
Expense Ratio0.64%
NAV10.49 (23 Oct 2019)
Fund Started13 Mar 2013
Fund Size9,715 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IDFC Banking & PSU Debt Fund Regular Dividend Fortnightly
13.2%
8.0%
8.2%
8.4%
Category Average
10.4%
7.4%
8.1%
-
Rank within category
1
5
10
-
*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
    30
    with 13.2% annual returns

    Comparison

    Data not available
    Pros
    1. 1Y Returns are higher than the benchmark
    2. 3Y Returns are higher than the benchmark
    3. 5Y Returns are higher than the benchmark
    4. Exit load is zero
    Cons
    1. Risk is higher compared to the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    National Bank For Agriculture & Rural DevelopmentFinancialDebenture9.2%
    Axis Bank Ltd.FinancialBonds/Deb6.2%
    Indian Railway Finance Corpn. Ltd.FinancialDebenture6.1%
    Hindustan Petroleum Corpn. Ltd.EnergyDebenture3.0%
    ICICI Bank Ltd.FinancialBonds2.9%
    Small Industries Devp. Bank of India Ltd.FinancialDebenture2.7%
    Bharat Petroleum Corpn. Ltd.EnergyDebenture2.5%
    Sundaram Finance Ltd.FinancialDebenture2.3%
    Power Finance Corpn. Ltd.FinancialDebenture2.2%
    LIC Housing Finance Ltd.FinancialNCD2.0%
    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

    Other Details

    IDFC Banking & PSU Debt Fund Regular Dividend Fortnightly is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was introduced to investors on 13 Mar 2013. Anurag Mittal is the Current Fund Manager of IDFC Banking & PSU Debt Fund Regular Dividend Fortnightly.The fund currently has an Asset Under Management(AUM) of ₹9,715 Cr and the Latest NAV as of 23 Oct 2019 is ₹10.49.

    The IDFC Banking & PSU Debt Fund Regular Dividend Fortnightly is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.

    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
    12 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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