HDFC Banking and PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 21.5703
Weekly NAV IDCW: Rs 10.0477
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 / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies.
Fund Manager:
1) Anil Bamboli
Education: Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.
Experience: Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.
Investment Details
Min. Investment (Rs) | 100 |
Min. Addl Investment (Rs) | 100 |
Min. SIP Investment (Rs) | 100 |
Min. Withdrawal (Rs) | 100 |
Min. No of Cheques | 6 |
Min. Balance (Rs) | 1 |
Lock-in Period | NA |
Exit Load | 0 |
Basic Details
Fund House | HDFC Mutual Fund |
Launch Date | 26-Mar-14 |
Return Since Launch | 7.98% |
Benchmark | NIFTY Banking and PSU Debt Index |
Riskometer | Moderate |
Type | Open-ended |
Assets | Rs 6,068 Cr |
(As on 29-Feb-2024) | |
Expense | 0.39% |
(As on 29-Feb-2024) | |
Risk Grade | Below Average |
Return Grade | Above Average |
Trailing Returns (%) of HDFC Banking and PSU Debt Fund
Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
HDFC Banking and PSU Debt Dir | 2.09 | 0.12 | 0.62 | 2.09 | 3.78 | 7.73 | 5.74 | 7.19 | 7.18 | 7.96 |
CCIL T Bill Liquidity Weight | 1.08 | 0.04 | 0.31 | 1.08 | 2.23 | 4.59 | 3.22 | 3.26 | 3.52 | 4.00 |
Debt: Banking and PSU | 2.10 | 0.12 | 0.63 | 2.10 | 3.80 | 7.51 | 5.55 | 6.88 | 7.00 | 7.70 |
Rank within category | 11 | 13 | 16 | 11 | 12 | 4 | 6 | 6 | 8 | 4 |
Number of funds in category | 23 | 23 | 23 | 23 | 22 | 22 | 21 | 16 | 15 | 11 |
Peer Comparison of HDFC 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 | |
HDFC Banking and PSU Debt Dir | 4 star | 7.73 | 5.74 | 7.19 | 0.39 | 6,068 | 7.98 | — | 10Y |
Bandhan Banking & PSU Debt Dir | 4 star | 7.21 | 5.43 | 7.13 | 0.33 | 14,375 | 7.77 | — | 11Y |
ABSL Banking & PSU Debt Dir | 4 star | 7.57 | 5.77 | 7.21 | 0.38 | 9,737 | 8.46 | — | 11Y 2M |
ICICI Pru Banking & PSU Debt Dir | 5 star | 7.96 | 6.30 | 7.37 | 0.39 | 8,699 | 8.19 | — | 11Y 2M |
Kotak Banking & PSU Debt Dir | 4 star | 7.83 | 5.99 | 7.38 | 0.37 | 5,951 | 8.18 | — | 11Y 2M |
Portfolio Breakup
Fund | Category | |
Number of Securities | 80 | 52 |
Macaulay Duration (yrs) | 3.09 | 3.17 |
Average Maturity (yrs) | 4.07 | 4.87 |
Yield to Maturity (%) | 7.62 | 7.59 |
Avg Credit Rating | AAA | — |
How to Invest in HDFC Banking and PSU Debt Fund?
Chanakya’s Mutual Fund Guidance For HDFC Banking and PSU Debt Fund
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