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    • IDFC Banking & PSU Debt Fund (Growth)
    IDFC Mutual Funds

    IDFC Banking & PSU Debt Fund (Growth)

    DebtBanking And Psu

    19.7166

    NAV (Sep 23)

    9.7%
    3 Year CAGR
    Scripbox Opinion

    Neutral

    Click here for top ranked funds in 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.

    Our analysis of this fundLearn how we rate funds ->

    Track Record

    8 Years. The Fund has Sufficient history for analysis and the track record is good.

    Relative Size

    19,367 Cr. Category leader in size

    Impact of Interest Rate Changes

    Moderate Interest Rate Risk. The impact on fund value is moderate when interest rates change

    Credit Quality Of Fund's Portfolio

    Moderate Credit Risk. The fund has a moderate credit quality compared to other debt funds

    Invest in this fund
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    Short Term Money

    Short Term Money

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    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
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      Expert Investing Only, Car, Down Payment

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    Historical NAV

    19.7166

    NAV (Sep 23)

    Fund Returns

    Last 1Y
    5.2%
    Last 3Y
    9.7%
    Last 5Y
    7.9%
    Last 10Y
    NA
    Since Inception
    8.3%
    6 Month CAGR
    2.7%
    info-icon-blue

    Scheme Information

    Investment Objective

    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).

    Low

    Low to Moderate

    Moderate

    Moderately High

    High

    Very High

    risk-indicator-arrow.svg

    Low to Moderate Risk

    Expense Ratio
    0.63
    Launched (8y ago)
    Mar 07, 2013
    AUM in Crores
    19366.080
    ISIN
    INF194K01SN6
    Lock-in
    No Lock-in
    Benchmark
    NIFTY Banking & PSU Debt TR INR
    SIP Minimum
    1000
    Lumpsum Min.
    5000
    Fund Managers
    user-avatar

    Anurag Mittal

    Fund Manager

    calculator

    Returns Calculator Comparison

    of

    for

    with step up of

    InstrumentReturnsTotal CorpusGainsAnnualised %
    Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
    EPF70% ₹ 900,761 ₹ 168,1498.50%
    Property70% ₹ 867,662 ₹ 135,0507.00%
    PPF70% ₹ 869,819 ₹ 137,2077.10%
    Bank FD70% ₹ 846,471 ₹ 113,8596.00%
    Gold70% ₹ 846,471 ₹ 113,8596.00%
    Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

    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.

    build-long-item-wealth-img

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • Inflation beating returns
      Inflation beating returns
    • Expert Investing Only, Car, Down Payment
      Expert Investing Only, Car, Down Payment
    • One click investing  tracking
      One click investing tracking
    comparison

    Comparison with Debt Funds

    Fund NameScripbox OpinionFund SizeTrack Record

    Kotak Savings Fund (G)

    recommended-badge

    ₹ 13,951 cr

    5

    recommended-badge

    ₹ 33,662 cr

    5

    recommended-badge

    ₹ 11,134 cr

    5

    recommended-badge

    ₹ 31,274 cr

    5

    recommended-badge

    ₹ 24,210 cr

    5

    amc-icon

    About the AMC

    IDFC Asset Management Company Limited

    IDFC Asset Management Company Limited manages assets worth 130,248 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.

    amc-img

  • tel-amc-about
    022-66289999
  • mail-amc-about
    investormf@idfc.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    recommended-badge

    6.8%

    7.4%

    top-ranked-badge

    5.4%

    5.7%

    top-ranked-badge

    5.1%

    5.2%

    top-ranked-badge

    5.3%

    5%

    top-ranked-badge

    -0.2%

    4.8%

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

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    Invest via netbanking, UPI or through an SIP (eNACH mandate).

    04

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual 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?
    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.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    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

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    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

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

    About IDFC Banking & PSU Debt Fund (G)

    About IDFC Banking & PSU Debt Fund (G)

    IDFC Banking & PSU Debt Fund (G) is a Banking And Psu Debt fund and has delivered an annualised return of 8.3% over a period of 8 years. . The fund is managed by IDFC Asset Management Company Limited. The fund manager’s name is Anurag Mittal

    IDFC Banking & PSU Debt Fund (G) Investment Objective

    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). . However, there is no assurance that the objective of the scheme will be realized.

    IDFC Banking & PSU Debt Fund (G) NAV,AUM,Risk

    The IDFC Banking & PSU Debt Fund (G) fund was launched on Mar 07, 2013. The NAV (Net Asset Value) of this Banking And Psu Debt fund as of 2021-09-23 is ₹19.72. The total AUM (Asset Under Management) of the fund as of 24/09/2021 is ₹19366.08. The category risk of the IDFC Banking & PSU Debt Fund (G) fund is Low to Moderate Risk. The fund charges 0.63 % as expense ratio.

    IDFC Banking & PSU Debt Fund (G) Holdings

    The fund’s highest allocation is towards Debt and has invested 89.4% in this asset class. The top three holdings of the fund are , national bank for agriculture and rural development , axis bank limited , 7.32% govt stock 2024 , indian railway finance corporation limited , 7.37% govt stock 2023 , net current assets , icici bank limited , hindustan petroleum corporation limited , hindustan petroleum corporation limited , national highways authority of india , 5.22% goi 2025 , national housing bank , housing development finance corporation limited , indian railway finance corporation limited , small industries development bank of india , national bank for agriculture and rural development , axis bank limited , small industries development bank of india , power finance corporation limited , national housing bank , lic housing finance limited , housing development finance corporation limited , rec limited , national bank for agriculture and rural development , axis bank limited , power finance corporation limited , reliance industries limited , national highways authority of india , housing and urban development corporation limited , lic housing finance limited , reliance industries limited , power finance corporation limited , national bank for agriculture and rural development , power finance corporation limited , national bank for agriculture and rural development , national highways authority of india , export-import bank of india , rural electrification corporation limited , indian oil corporation limited , larsen and toubro limited , axis bank limited , national highways authority of india , triparty repo , export-import bank of india , rural electrification corporation limited , 7.16% govt stock 2023 , housing development finance corporation limited , ntpc limited , export-import bank of india , small industries development bank of india , 4.26% govt stock 2023 , 7.68% govt stock 2023 , rural electrification corporation limited , power finance corporation limited , nhpc limited , housing development finance corporation limited , axis bank limited , small industries development bank of india , export import bank of india , housing development finance corporation limited , indian railway finance corporation limited , rural electrification corporation limited , housing development finance corporation limited , national bank for agriculture and rural development , rural electrification corporation limited , power grid corporation of india limited , export-import bank of india , housing and urban development corporation limited , power finance corporation limited , rural electrification corporation limited , lic housing finance limited , rural electrification corporation limited , power finance corporation limited , power grid corporation of india limited , power finance corporation limited , national bank for agriculture and rural development , housing development finance corporation limited , export-import bank of india , lic housing finance limited , power finance corporation limited , indian railway finance corporation limited , housing development finance corporation limited , power finance corporation limited , national housing bank , housing development finance corporation limited , small industries development bank of india , 9.25% haryana sdl 2023 , export-import bank of india , power finance corporation limited , power finance corporation limited , housing development finance corporation limited , reliance industries limited , bajaj finance limited , kotak mahindra bank limited , rec limited , rural electrification corporation limited , rural electrification corporation limited , housing development finance corporation limited , 6.84% govt stock 2022 , ntpc limited , export-import bank of india , national bank for agriculture and rural development , housing and urban development corporation limited (hudco) , rural electrification corporation limited , power finance corporation limited , power grid corporation of india limited , power grid corporation of india limited , indian oil corporation limited , power grid corporation of india limited , rural electrification corporation limited , nhpc limited , national bank for agriculture and rural development , power grid corporation of india limited , 05.41 ap sdl 2024 , rec limited , hindustan petroleum corporation limited , export-import bank of india , lic housing finance limited , lic housing finance limited , 8.13% govt stock 2022 , export-import bank of india , power grid corporation of india limited , export-import bank of india , reliance jio infocomm limited , reliance jio infocomm limited , rural electrification corporation limited , housing development finance corporation limited , 05.68 mh sdl 2024 , export-import bank of india , ntpc limited , nhpc limited , power grid corporation of india limited , hindustan petroleum corporation limited , 07.93 cg sdl 2024 , housing development finance corporation limited , ntpc limited , 8.62% maharashtra sdl 2023 , lic housing finance limited , power grid corporation of india limited , ntpc limited , lic housing finance limited

    IDFC Banking & PSU Debt Fund (G) Sip

    The minimum SIP (Systematic Investment Plan) amount for this 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.

    IDFC Banking & PSU Debt Fund (G) 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.

    IDFC Banking & PSU Debt Fund (G) Review

    IDFC Banking & PSU Debt Fund (G) has a score of 3 on a scale of 5. The fund has a score of 4 out of 5 based on historical performance. As compared to the other funds in its category, IDFC Banking & PSU Debt Fund (G) has a score of 5out of 5 The credit risk of the fund is 3 out of 5 as compared to other debt funds.

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