January 31, 2024
mayank
Bajaj Finserv Banking and PSU Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 10.1923
Monthly NAV IDCW: Rs 10.1923
NAV IDCW: Rs 10.1923
Suitable For Which Investors?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and / or any security unconditionally guaranteed by the Govt. of India.
Fund Manager:
1) Nimesh Chandan
Education: Mr. Chandan is an MBA in Finance.
Experience: He has good years of experience in capital markets. Prior to joining Bajaj Finserv Mutual Fund, he had been with Canara Robeco MF, ICICI Prudential MF, SBI MF and Aditya Birla Sun Life AMC as fund manager and has also worked with Stratcap Securities and Darashaw and Company.
2) Siddharth Chaudhary
Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).
Experience: Prior to joining Bajaj Finserv Mutual Fund, he has worked with Sundaram Mutual Fund and Indian Bank.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Bajaj Finserv Banking and PSU Fund
| Fund House | Bajaj Finserv Mutual Fund |
| Launch Date | 13-Nov-23 |
| Return Since Launch | 1.92% |
| Benchmark | NIFTY Banking and PSU Debt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 93 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.34% |
| (As on 31-Dec-2023) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Bajaj Finserv Banking and PSU Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bajaj FinServ Banking and PSU Dir | 0.70 | 0.05 | 0.70 | — | — | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.37 | 0.05 | 0.37 | — | — | — | — | — | — | — |
| Debt: Banking and PSU | 0.61 | 0.03 | 0.62 | — | — | — | — | — | — | — |
| Rank within category | 3 | 3 | 3 | — | — | — | — | — | — | — |
| Number of funds in category | 23 | 23 | 23 | 22 | 22 | 22 | 20 | 16 | 14 | 9 |
Peer Comparison of Bajaj Finserv Banking and PSU Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bajaj FinServ Banking and PSU Dir | Unrated | — | — | — | 0.34 | 93 | 1.92 | — | 2M |
| Bandhan Banking & PSU Debt Dir | 4 star | 7.17 | 5.18 | 7.47 | 0.33 | 14,580 | 7.76 | — | 10Y 10M |
| Axis Banking & PSU Debt Dir | 4 star | 6.93 | 5.10 | 7.01 | 0.33 | 14,138 | 7.80 | — | 11Y |
| ABSL Banking & PSU Debt Dir | 4 star | 7.42 | 5.31 | 7.32 | 0.38 | 9,550 | 8.45 | — | 11Y |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 7.84 | 5.83 | 7.46 | 0.39 | 8,269 | 8.17 | — | 11Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 12 | 53 |
| Macaulay Duration (yrs) | 3.18 | 3.02 |
| Average Maturity (yrs) | 3.74 | 4.50 |
| Yield to Maturity (%) | 7.44 | 7.63 |
| Avg Credit Rating | AAA | — |
How to Invest in Bajaj Finserv Banking and PSU Fund?
Chanakya’s Mutual Fund Guidance For Bajaj Finserv Banking and PSU Fund
Apply Online: https://invest.bajajamc.com/mutual-fund/pan-entry or https://www.bajajamc.com/#bfl-explore-mutualfund
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