February 13, 2024
mayank
Bandhan Banking & PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 22.6608
NAV IDCW Yearly: Rs 12.6716
Quarterly NAV IDCW: Rs 10.8211
Monthly NAV IDCW: Rs 10.4532
NAV IDCW: Rs 11.9206
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:
To achieve optimal returns by investing in money market and debt instruments issued by scheduled commercial banks.
Fund Manager:
1) Gautam Kaul
Education: Mr. Kaul is a B.Com (H) and MBA (Finance).
Experience: Prior to joining Bandhan Mutual Fund(formerly IDFC Mutual Fund), he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.
2) Suyash Choudhary
Education: Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Bandhan Banking & PSU Debt Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 07-Mar-13 |
| Return Since Launch | 7.76% |
| Benchmark | NIFTY Banking and PSU Debt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 14,537 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.33% |
| (As on 31-Dec-2023) | |
| Risk Grade | Below Average |
| Return Grade | Average |
Trailing Returns (%) of Bandhan Banking & PSU Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Banking & PSU Debt Dir | 0.86 | 0.03 | 0.62 | 1.91 | 3.42 | 7.27 | 5.36 | 7.44 | 7.25 | 7.66 |
| CCIL T Bill Liquidity Weight | 0.50 | -0.02 | 0.31 | 1.14 | 2.21 | 4.53 | 3.11 | 3.27 | 3.52 | 4.01 |
| Debt: Banking and PSU | 1.03 | 0.03 | 0.81 | 2.10 | 3.62 | 7.44 | 5.41 | 7.05 | 7.02 | 7.72 |
| Rank within category | 21 | 15 | 20 | 19 | 18 | 16 | 11 | 5 | 4 | 7 |
| Number of funds in category | 23 | 23 | 23 | 22 | 22 | 22 | 21 | 16 | 14 | 10 |
Peer Comparison of Bandhan Banking & PSU Debt 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 | |
| Bandhan Banking & PSU Debt Dir | 4 star | 7.27 | 5.36 | 7.44 | 0.33 | 14,537 | 7.76 | — | 10Y 11M |
| ABSL Banking & PSU Debt Dir | 4 star | 7.55 | 5.63 | 7.34 | 0.38 | 9,611 | 8.46 | — | 11Y 1M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 7.94 | 6.04 | 7.48 | 0.39 | 8,277 | 8.17 | — | 11Y 1M |
| HDFC Banking and PSU Debt Dir | 4 star | 7.64 | 5.56 | 7.35 | 0.39 | 6,117 | 7.97 | — | 9Y 10M |
| Kotak Banking & PSU Debt Dir | 4 star | 7.83 | 5.76 | 7.51 | 0.37 | 6,013 | 8.17 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 75 | 53 |
| Macaulay Duration (yrs) | 2.01 | 3.16 |
| Average Maturity (yrs) | 2.21 | 4.42 |
| Yield to Maturity (%) | 7.62 | 7.63 |
| Avg Credit Rating | AAA | — |
How to Invest in Bandhan Banking & PSU Debt Fund?
Chanakya’s Mutual Fund Guidance For Bandhan Banking & PSU Debt Fund
Apply Online: https://bandhanmutual.com/mutual-funds
>> Post your MF questions @ sahifund.com/ask-me/
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https://sahifund.com/category/nfos/
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https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/aditya-birla-sun-life-banking-psu-debt-fund/