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.
9 Years. The Fund has Sufficient history for analysis and the track record is good.
16,555 Cr. Category leader in size
Impact of Interest Rate Changes
Low Interest Rate Risk. The impact on fund value is quite low when interest rates change
Credit Quality Of Fund's Portfolio
High Credit Risk. The fund has a lower credit quality compared to other debt funds
Want the floating rate funds that are right for your short term investment needs?
NAV (Jun 24)
6 Month CAGR
The Scheme seeks to generate returns through investments in debt and money market instruments predominantly issued by entities such as Banks,Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs).
Launched (9y ago)
Mar 07, 2013
AUM in Crores
NIFTY Banking & PSU Debt TR INR
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
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.
national bank for agriculture and rural development6.7%
axis bank limited5.9%
bank of baroda4.4%
indian railway finance corporation limited3.7%
|Fund Name||Scripbox Opinion||Fund Size||Track Record|
₹ 44,308 cr
₹ 14,441 cr
₹ 18,739 cr
₹ 12,059 cr
₹ 44,308 cr
IDFC Asset Management Company Limited
IDFC Asset Management Company Limited manages assets worth 121,537 crores and was set up on 20 December 1999. It's current offering of mutual fund schemes includes 33 equity,199 debt and 32 hybrid funds.
|Fund Name||Scripbox Opinion||Till Date CAGR|
IDFC Banking & PSU Debt Fund (G) is a Banking And Psu Debt fund and has delivered an annualised return of 7.7% over a period of 9 years. The fund is managed by IDFC Asset Management Company Limited. The fund managers are Anurag Mittal, Gautam Kaul, Suyash Choudhary.
Nav of IDFC Banking & PSU Debt Fund (G) as of 6/24/2022 is ₹19.99 with the total AUM as of 6/26/2022 is ₹16554.143. With Scripbox you can compare and check the latest nav for all mutual funds in India. IDFC Banking & PSU Debt Fund (G) was launched on Mar 07, 2013. The category risk of the fund is Low to Moderate Risk.
The minimum SIP amount for IDFC Banking & PSU Debt Fund (G) is ₹1000 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. Check your estimated returns on mutual funds by using sip calculator.
IDFC Banking & PSU Debt Fund (G) 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.
IDFC Banking & PSU Debt Fund (G) is rated as a 2 fund in Debt and delivered 2.8% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with IDFC Banking & PSU Debt Fund (G).
What is IDFC Banking & PSU Debt Fund (G)?
How to invest in IDFC Banking & PSU Debt Fund (G)?
You can invest in IDFC Banking & PSU Debt Fund (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of IDFC Banking & PSU Debt Fund (G)?
The minimum sip amount for IDFC Banking & PSU Debt Fund (G) is ₹1000. You can invest in multiples of ₹5000.
Is IDFC Banking & PSU Debt Fund (G) good to invest in?
As per Scripbox experts, IDFC Banking & PSU Debt Fund (G) is a Neutral fund. You can investIDFC Banking & PSU Debt Fund (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the IDFC Banking & PSU Debt Fund (G)?
The expense ratio of the IDFC Banking & PSU Debt Fund (G) is 0.62% for regular plan.