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):
37.36
AAUM (in Rs. Cr):
37.40

Average Maturity:
1.60 Years
Macaulay Duration:
1.30 Years
Modified Duration:
1.30 Years
Yield To Maturity (Regular & Direct) Plans :
6.60%

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
13.3742
13.7683
IDCW
13.3753
13.7703

Name of Instrument
Ratings
Market Value
(Rs. Lakhs)
% to NAV
Debt Instrument      
Certificate of Deposit      
HDFC Bank Limited CRISIL A1+ 199.82 5.35
Canara Bank CRISIL A1+ 99.18 2.66
Corporate Bond      
Nuclear Power Corporation Of India Limited CRISIL AAA 307.21 8.22
National Housing Bank CRISIL AAA 302.40 8.09
National Bank For Agriculture and Rural Development CRISIL AAA / ICRA AAA 301.98 8.08
REC Limited CRISIL AAA 301.59 8.07
Indian Railway Finance Corporation Limited CRISIL AAA 300.68 8.05
NTPC Limited CRISIL AAA 300.37 8.04
Small Industries Dev Bank of India CRISIL AAA 251.56 6.73
Power Finance Corporation Limited CRISIL AAA 249.85 6.69
Corporate Debt Market Development Fund
Corporate Debt Market Development Fund Class A2   10.61 0.28
Government Bond      
6.48% GOI (MD 06/10/2035) SOVEREIGN 246.18 6.59
Treasury Bill      
182 Days Tbill (MD 12/03/2026) SOVEREIGN 99.45 2.66
Reverse Repo/TREPS      
Clearing Corporation of India Ltd NA 651.91 17.45
Net Current Assets NA 112.86 3.02
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
6.33%
6.59%
5.18%
10,631
10,658
10,517
Last 3 Years
6.78%
7.11%
7.72%
12,176
12,288
12,499
Last 5 Years
5.84%
5.87%
4.99%
13,285
13,304
12,762
Since Inception
5.66%
5.77%
5.00%
13,374
13,446
12,938
Direct - Growth
Last 1 Year
6.91%
6.59%
5.18%
10,690
10,658
10,517
Last 3 Years
7.37%
7.11%
7.72%
12,379
12,288
12,499
Last 5 Years
6.42%
5.87%
4.99%
13,656
13,304
12,762
Since Inception
6.25%
5.77%
5.00%
13,768
13,446
12,938

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 A-II 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. *Benchmark of the scheme has been change from " CRISIL Banking and PSU Debt Index " to " CRISIL Banking and PSU Debt A-II Index" w.e.f. 12th March 2024. ITI Banking and PSU Debt Fund NAV as on January 30, 2026: Rs. 13.3742 (Regular Growth Option), Rs. 13.7683 (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 January 31, 2026 unless otherwise specified
Mutual Fund investments are subject to market risks, read all scheme related documents carefully