Bandhan Banking & PSU Debt Fund**§
Core Bucket
An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector
Undertakings, Public Financial Institutions and Municipal Bonds with Relatively High interest rate risk
and Relatively Low Credit Risk
Bandhan Banking & PSU Debt Fund**§ Core Bucket
An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector
Undertakings, Public Financial Institutions and Municipal Bonds with Relatively High interest rate risk
and Relatively Low Credit Risk
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Category: Banking and PSU
: ₹ 14,559.26 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
: ₹ 14,537.15 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
:
An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.
^^Mr. Sreejith Balasubramanian will be managing overseas investment portion of the scheme.
Other Parameter:
| Standard Deviation (Annualized)
Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. | 0.91% |
| Modified Duration
Modified duration is the price sensitivity and the percentage change in price for a unit change in yield | 1.89 years |
| Average Maturity | 2.21 years |
| Macaulay Duration | 2.01 years |
| Yield to Maturity
The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity. | 7.62% |
| Total Expense Ratio | |
| Regular | 0.63% |
| Direct | 0.33% |
SIP (Minimum Amount): ₹ 100/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 1,000/- and any amount thereafter
Option Available: Growth, IDCW@-Daily, Fortnightly, Monthly (Reinvestment), Quarterly (Payout), Annual (Payout) & Periodic (Payout & Reinvestment).
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Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.
NAV (₹) as on January 31, 2024
| Plan | Option | Freq | NAV |
| Regular Plan | Growth | - | 22.0575 |
| Regular Plan | IDCW@ | - | 11.9110 |
| Regular Plan | IDCW@ | Fortnightly | 10.6136 |
| Regular Plan | IDCW@ | Daily | 10.8788 |
| Regular Plan | IDCW@ | Monthly | 10.6710 |
| Regular Plan | IDCW@ | Quarterly | 10.7010 |
| Regular Plan | IDCW@ | Annual | 11.6033 |
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.
| Name | Rating | % of NAV |
| Corporate Bond | 69.43% | |
| Indian Railway Finance Corporation | AAA | 10.54% |
| HDFC Bank | AAA | 10.30% |
| NABARD | AAA | 9.78% |
| Small Industries Dev Bank of India | AAA | 7.61% |
| Power Finance Corporation | AAA | 6.66% |
| REC | AAA | 6.51% |
| Bajaj Housing Finance | AAA | 4.63% |
| Hindustan Petroleum Corporation | AAA | 4.43% |
| NTPC | AAA | 3.40% |
| Indian Oil Corporation | AAA | 2.11% |
| Nuclear Power Corporation of India | AAA | 1.80% |
| National Housing Bank | AAA | 0.62% |
| ICICI Bank | AAA | 0.31% |
| NHPC | AAA | 0.31% |
| Export Import Bank of India | AAA | 0.17% |
| Power Grid Corporation of India | AAA | 0.14% |
| Reliance Jio Infocomm | AAA | 0.10% |
| Axis Bank | AAA | 0.01% |
| Government Bond | 12.68% | |
| 7.38% - 2027 G-Sec | SOV | 12.68% |
| Certificate of Deposit | 5.78% | |
| State Bank of India | A1+ | 2.90% |
| Export Import Bank of India | A1+ | 1.36% |
| Axis Bank | A1+ | 1.27% |
| Kotak Mahindra Bank | A1+ | 0.17% |
| Bank of Baroda | A1+ | 0.07% |
| State Government Bond | 4.46% | |
| 6.18% Gujarat SDL - 2026 | SOV | 1.31% |
| 8.51% Maharashtra SDL - 2026 | SOV | 0.98% |
| 8.20% GUJARAT SDL - 2025 | SOV | 0.35% |
| 7.47% Gujarat SDL - 2025 | SOV | 0.34% |
| 8.36% Maharashtra SDL - 2026 | SOV | 0.21% |
| 7.96% Gujarat SDL - 2025 | SOV | 0.21% |
| 8.53% Tamil Nadu SDL - 2026 | SOV | 0.18% |
| 8.3% Madhya Pradesh SDL - 2026 | SOV | 0.17% |
| 8.26% Maharashtra SDL - 2025 | SOV | 0.17% |
| 8.27% Tamilnadu SDL - 2026 | SOV | 0.14% |
| 8.27% Haryana SDL - 2025 | SOV | 0.14% |
| 8.27% Gujarat SDL - 2026 | SOV | 0.10% |
| 7.93% Chattisgarh SDL - 2024 | SOV | 0.07% |
| 7.99% Karnatak SDL - 2025 | SOV | 0.03% |
| 8.03% Gujarat SDL - 2025 | SOV | 0.03% |
| 7.18% Tamilnadu SDL - 2027 | SOV | 0.01% |
| Commercial Paper | 1.98% | |
| Export Import Bank of India | A1+ | 1.98% |
| Corporate Debt Market Development Fund£ | 0.25% | |
| Corporate Debt Market Development Fund | 0.25% | |
| Net Cash and Cash Equivalent | 5.42% | |
| Grand Total | 100.00% |
£As per the requirement of regulation 43A of SEBI (Mutual Funds) Regulations, 1996, SEBI circular no. SEBI/HO/IMD/PoD2/P/CIR/2023/128 dated July 27, 2023 on framework for Corporate Debt Market Development Fund and SEBI circular no. SEBI/HO/IMD/PoD2 /P/CIR/2023/129 dated July 27, 2023 on investment by mutual fund schemes and Asset Management Companies (AMCs) in units of Corporate Debt Market Development Fund ("CDMDF"), specified open ended debt-oriented schemes of Bandhan Mutual Fund and Bandhan AMC Limited ('AMC') shall invest percentage of net assets in the units of the CDMDF.
Performance based on NAV as on 31/01/2024 Past performance may or may not be sustained in future. The performances given are of regular
plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data
*Inception Date of Regular Plan - Growth Mar 07, 2013.
The Fund (erstwhile Bandhan Banking Debt Fund) has been repositioned with effect from June 12, 2017.
Scheme risk-o-meter
Investors understand that their principal will be at Low to Moderate risk
This product is suitable for investors who are seeking*
- To generate optimal returns over short to medium term.
- Investments predominantly in debt & money market instruments issued by PSU, Banks & PFI.
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Benchmark risk-o-meter
NIFTY Banking & PSU Debt Index
**The scheme is currently following a 'roll down' investment approach on a tactical basis. The portfolio has been repositioned as an approximately 3-year roll down investment approach in Jan-March (JFM) quarter of CY23. This means that post repositioning, ordinarily the average maturity of the scheme's portfolio is unlikely to increase significantly and may be expected to generally reduce with the passage of time, subject to intermittent periods of volatility in the maturity profile owing to AUM (Asset Under Management) movement and market conditions. The approach being followed is tactical in nature and would be subject to change depending on investment opportunities available without prior notice.
§With effect from 13th March 2023, the name of "IDFC Banking & PSU Debt Fund" has changed to "Bandhan Banking & PSU Debt Fund".
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
