ITI Banking & PSU Debt Fund

An open-ended ultra-short debt scheme investing in instruments such that the Macaulay duration* of the portfolio is between 3 months to 6 months. Moderate interest rate risk and relatively low credit risk.

CATEGORY OF SCHEME Banking and PSU Fund
INVESTMENT OBJECTIVE The investment objective of the Scheme is to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Inception Date (Date of Allotment): 22-Oct-20
Benchmark: CRISIL Banking and PSU Debt A-II Index
Minimum Application Amount: Rs.5,000/- and in multiples of Rs. 1/- thereafter
Load Structure: Entry Load: Nil
Exit Load: Nil
Total Expense Ratio (TER):

Including Additional Expenses and Goods and Service Tax on Management Fees
Regular Plan: 0.70% Direct Plan: 0.15%
Fund Manager Mr. Laukik Bagwe (Since 01-Feb-25)
Total experience: 25 years

AUM (in Rs. Cr):
30.57
AAUM (in Rs. Cr):
30.58

Average Maturity:
2.26 Years
Macaulay Duration:
1.81 Years
Modified Duration:
1.73 Years
Yield To Maturity
(Regular & Direct) Plans :
7.16%
   

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
12.6328
12.9397
IDCW
12.6339
12.9403

Name of Instrument
Ratings
Market Value
(Rs. Lakhs)
% to NAV

Debt Instrument

 

 

 

Certificate of Deposit

 

 

 

Punjab National Bank

FITCH A1+

299.43

9.80

Union Bank of India

FITCH A1+

249.19

8.15

HDFC Bank Limited

CARE A1+

233.43

7.64

Commercial Paper

 

 

 

Export Import Bank of India

ICRA A1+

249.53

8.16

Corporate Bond

 

 

 

REC Limited

CRISIL AAA

301.16

9.85

Power Grid Corporation of India Limited

CRISIL AAA

251.09

8.21

Power Finance Corporation Limited

CRISIL AAA

248.71

8.14

Bharat Petroleum Corporation Limited

CRISIL AAA

248.55

8.13

National Bank For Agriculture and Rural Development

CRISIL AAA

224.70

7.35

Corporate Debt Market Development Fund

 

 

 

Corporate Debt Market Development Fund Class A2

 

8.63

0.28

Government Bond

 

 

 

6.79% GOI (MD 07/10/2034)

SOVEREIGN

502.30

16.43

Reverse Repo/TREPS

 

 

 

Clearing Corporation of India Ltd

NA

191.93

6.28

Net Current Assets

NA

47.89

1.57

Total Net Assets

 

 

100.00

Period
Fund Returns (%)
Benchmark Returns (%)
Additional Benchmark Returns (%)
Benchmark (Rs)
Fund (Rs)
Additional Benchmark
Returns (Rs)
Regular - Growth
Last 1 Year
6.99%
7.12%
9.06%
10,699
10,712
10,906
Last 3 Years
6.20%
6.07%
6.76%
11,981
11,936
12,172
Since Inception
5.51%
5.56%
4.96%
12,633
12,660
12,346
Direct - Growth
Last 1 Year
7.58%
7.12%
9.06%
10,758
10,712
10,906
Last 3 Years
6.79%
6.07%
6.76%
12,181
11,936
12,172
Since Inception
6.09%
5.56%
4.96%
12,940
12,660
12,346

Past performance may or may not be sustained in future and is not a guarantee of any future returns, and should not be used as a basis of comparison with other investments. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Benchmark: CRISIL Banking and PSU Debt Index Additional Benchmark: CRISIL 10 Year Gilt Index. Fund Manager: Mr. Laukik Bagwe (Since 01-Feb-25). Inception date of the scheme (22-Oct-20). Face Value per unit: Rs. 10.Since the scheme is in existence for more than 3 years but less than 5 years hence performance data for 5 years is not provided.
ITI Banking and PSU Debt Fund NAV as on February 28, 2025: Rs. 12.6328 (Regular Growth Option), Rs. 12.9397 (Direct Growth Option)

THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING^

  • Regular income over short to medium term
  • Investments in debt and money market instruments, consisting predominantly of securities issued by Banks, Public Sector undertakings, Public Financial Institutions & Municipal Bonds

^Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Riskometer of the Scheme
Riskometer of the Primary Benchmark
CRISIL Banking and PSU Debt Index

*Please refer to Scheme Information Document where concept of Macaulay's Duration is explained

Face Value per Unit: Rs. 10 unless otherwise specified Data is as of February 28, 2025 unless otherwise specified

Mutual Fund investments are subject to market risks, read all scheme related documents carefully