February 28, 2024
mayank
Edelweiss Banking and PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth : Rs 22.7727
Weekly NAV IDCW: Rs 10.5482
Monthly NAV IDCW: Rs 10.9083
NAV IDCW: Rs 18.2336
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 investing predominantly in a portfolio of Debt Securities and Money Market Instruments issued by banks, PSUs, Public Financial Institutions, entities major owned by Central and State Governments and Municipal Bonds.
Fund Manager:
1) Dhawal Dalal
Education: Mr. Dalal is a B.E and MBA.
Experience: Prior to joining Edelweiss AMC he has worked with DSP Mutual Fund, Merrill Lynch Asset Management, Private Client Group and MLAM.
2) Rahul Dedhia
Education: Mr. Dedhia is a B.E. (Electronics) and also holds a PGeMBA – Finance.
Experience: Prior to joining Edelweiss Mutual Fund, he has worked with PGIM India Mutual Fund as Assistant Fund Manager.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 13-Sep-13 |
| Return Since Launch | 8.18% |
| Benchmark | NIFTY Banking and PSU Debt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 301 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.39% |
| (As on 31-Jan-2024) | |
| Risk Grade | High |
| Return Grade | Average |
Trailing Returns (%) of Edelweiss Banking and PSU Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss Banking and PSU Debt Dir | 1.48 | -0.05 | 0.86 | 2.30 | 3.72 | 7.88 | 6.19 | 8.17 | 7.66 | 8.15 |
| CCIL T Bill Liquidity Weight | 0.72 | 0.03 | 0.39 | 1.21 | 2.29 | 4.74 | 3.16 | 3.28 | 3.53 | 4.02 |
| Debt: Banking and PSU | 1.39 | 0.01 | 0.90 | 2.27 | 3.70 | 7.79 | 5.59 | 7.08 | 7.05 | 7.72 |
| Rank within category | 5 | 23 | 14 | 10 | 9 | 9 | 2 | 1 | 1 | 3 |
| Number of funds in category | 23 | 23 | 23 | 23 | 22 | 22 | 21 | 16 | 14 | 10 |
Peer Comparison of Edelweiss Banking and 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 | |
| Edelweiss Banking and PSU Debt Dir | 2 star | 7.88 | 6.19 | 8.17 | 0.39 | 301 | 8.18 | — | 10Y 5M |
| Bandhan Banking & PSU Debt Dir | 4 star | 7.68 | 5.48 | 7.47 | 0.33 | 14,537 | 7.77 | — | 10Y 11M |
| ABSL Banking & PSU Debt Dir | 4 star | 7.79 | 5.82 | 7.38 | 0.38 | 9,611 | 8.46 | — | 11Y 1M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 8.12 | 6.17 | 7.54 | 0.39 | 8,277 | 8.18 | — | 11Y 1M |
| HDFC Banking and PSU Debt Dir | 4 star | 7.91 | 5.72 | 7.40 | 0.39 | 6,117 | 7.97 | — | 9Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 22 | 53 |
| Macaulay Duration (yrs) | 4.43 | 3.09 |
| Average Maturity (yrs) | 5.38 | 4.70 |
| Yield to Maturity (%) | 7.51 | 7.65 |
| Avg Credit Rating | AAA | — |
How to Invest in Edelweiss Banking and PSU Debt Fund?
Chanakya’s Mutual Fund Guidance For Edelweiss Banking and PSU Debt Fund
Apply Online: https://invest.edelweissmf.com/home?distributoruuid=b9111455-759f-4eb8-bc2a-13927f656230
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