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):
42.49
AAUM (in Rs. Cr):
37.91

Average Maturity:
2.99 Years
Macaulay Duration:
2.43 Years
Modified Duration:
2.34 Years
Yield To Maturity
(Regular & Direct) Plans :
5.92%
   

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
13.1133
13.4627
IDCW
13.1144
13.4639

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

Debt Instrument

Certificate of Deposit

Punjab National Bank

FITCH A1+

249.76

5.88

HDFC Bank Limited

CARE A1+

242.46

5.71

Corporate Bond

Nuclear Power Corporation Of India Limited

CRISIL AAA

311.98

7.34

REC Limited

CRISIL AAA

305.09

7.18

National Housing Bank

CRISIL AAA

255.32

6.01

Small Industries Dev Bank of India

CRISIL AAA

254.86

6.00

Indian Railway Finance Corporation Limited

CRISIL AAA

253.88

5.97

NTPC Limited

CRISIL AAA

253.27

5.96

Power Finance Corporation Limited

CRISIL AAA

252.12

5.93

Power Grid Corporation of India Limited

CRISIL AAA

251.89

5.93

National Bank For Agriculture and Rural Development

CRISIL AAA / ICRA AAA

229.21

5.39

Corporate Debt Market Development Fund

Corporate Debt Market Development Fund Class A2

9.98

0.23

Government Bond

6.33% GOI (MD 05/05/2035)

SOVEREIGN

847.10

19.93

Reverse Repo/TREPS

Clearing Corporation of India Ltd

NA

169.00

3.98

Net Current Assets

NA

363.54

8.55

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
7.96%
8.27%
9.88%
10,796
10,827
10,988
Last 3 Years
7.03%
7.41%
8.69%
12,268
12,400
12,850
Since Inception
5.84%
5.98%
5.50%
13,113
13,194
12,912
Direct - Growth
Last 1 Year
8.57%
8.27%
9.88%
10,857
10,827
10,988
Last 3 Years
7.62%
7.41%
8.69%
12,473
12,400
12,850
Since Inception
6.42%
5.98%
5.50%
13,463
13,194
12,912

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 July 31, 2025: Rs. 13.1133 (Regular Growth Option), Rs. 13.4627 (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 July 31, 2025 unless otherwise specified

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