| 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 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. Vikrant Mehta (Since 18-Jan-21) Total Experience: 28 years |
| AUM (in Rs. Cr): | 30.27 |
| AAUM (in Rs. Cr): | 31.01 |
| Average Maturity: | 2.55 Years |
| Macaulay Duration: |
1.92 Years
|
| Modified Duration: |
1.82 Years
|
| Yield to Maturity: | 7.38% |
Regular Plan
(in Rs.) |
Direct Plan
(in Rs.) |
|
Growth |
11.4357 |
11.6216 |
IDCW |
11.4357 |
11.6216 |
| Name of Instrument | Ratings |
Market Value (Rs. Lakhs) |
% to NAV |
Debt Instrument |
|||
Certificate of Deposit |
|||
Bank of Baroda |
FITCH A1+ |
297.44 |
9.83 |
Corporate Bond |
|||
Bharat Petroleum Corporation Limited |
CRISIL AAA |
350.58 |
11.58 |
Power Finance Corporation Limited |
CRISIL AAA |
347.61 |
11.48 |
Small Industries Dev Bank of India |
CRISIL AAA |
347.45 |
11.48 |
REC Limited |
CRISIL AAA |
304.39 |
10.06 |
HDFC Bank Limited |
CRISIL AAA |
292.16 |
9.65 |
Axis Bank Limited |
CRISIL AAA |
289.96 |
9.58 |
Government Bond |
|||
7.18% GOI (MD 24/07/2037) |
SOVEREIGN |
345.48 |
11.41 |
Reverse Repo/TREPS |
|||
Clearing Corporation of India Ltd |
NA |
318.88 |
10.54 |
Net Current Assets |
NA |
132.87 |
4.39 |
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 | 6.3% |
7.0% |
8.1% |
10,625 |
10,696 |
10,807 |
| Since Inception | 4.7% |
4.6% |
3.0% |
11,436 |
11,426 |
10,894 |
Direct - Growth |
||||||
| Last 1 Year | 6.8% |
7.0% |
8.1% |
10,683 |
10,696 |
10,807 |
| Since Inception | 5.2% |
4.6% |
3.0% |
11,622 |
11,426 |
10,894 |
Past performance may or may not be sustained in future. 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. Vikrant Mehta from (Managing since January 18, 2021). Inception date of the scheme (22-Oct-20). Face Value per unit: Rs. 10.
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.
Face Value per Unit: Rs. 10 unless otherwise specified Data is as of September 30, 2023 unless otherwise specified
Mutual Fund investments are subject to market risks, read all scheme related documents carefully