These are the top-ranked funds within banking and psu mutual funds.However, Scripbox does not recommend investing in banking and psu mutual funds.Banking and PSU Funds are mandated to invest a minimum of 80% of total assets in debt instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions.
They tend to invest in medium to long duration securities and hence are exposed to higher variations when interest rates change.
The category accounts for close to 8% of the total assets in the Debt Segment.
We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.
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Scheme Information
Investment Objective
The investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertakings.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
DSP Investment Managers Private Limited manages assets worth 109,296 crores and was set up on 13 May 1996. It's current offering of mutual fund schemes includes 54 equity,157 debt and 26 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
About DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M)
About DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M)
DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M) is a banking and psu debt fund and has delivered an annualised return of 5.9% over a period of 8 years .The fund was previously known as DSP Bank & PSU Debt Reg Mn DP.The fund is managed by DSP Investment Managers Private Limited.The fund managers are Saurabh Bhatia, Vikram Chopra
DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M) Investment Objective
The investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertakings. However, there is no assurance that the objective of the scheme will be realized.
DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M) NAV,AUM,Risk
The DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M) fund was launched on Sep 14, 2013. The NAV (Net Asset Value) of this banking and psu debt as of 2021-07-29 is ₹ 10.1654. The total AUM (Asset Under Management) of the fund as of 2021-07-29 is ₹ 3498.809. The category risk of the DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M) fund is Low to Moderate Risk.
The fund charges 0.55 % as expense ratio.
DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M) Holdings
The fund’s highest allocation is towards debt and has invested 89.2% in this asset class. The top three holdings of the fund are ntpc limited,national housing bank and indian railway finance corporation limited
DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 0 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M) Investment volatility and Horizon
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to NIFTY Banking & PSU Debt TR INR.
DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M) Review
DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M) has a score of 4 on a scale of 5. The fund scores 4 out of 5 based on historical performance. As compared to the other funds in its category, DSP Banking & PSU Debt Fund of Income Dist cum Cap Wdrl (PIDCW-M) has a score of 4 out of 5.
The credit risk of the fund is 4 out of 5 as compared to other debt funds.
