February 13, 2025
mayank
ITI Banking and PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Sahifund.com
NAV Growth: Rs 12.9069
NAV IDCW: Rs 12.9074
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) and Municipal Bonds.
Fund Manager:
1) Laukik Bagwe
Education: Mr. Bagwe is a B.Com (H) and PGDBA (Finance)
Experience: Prior to joining ITI Mutual fund he has worked with DSP Mutual Fund, Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of ITI Banking and PSU Debt Fund
| Fund House | ITI Mutual Fund |
| Launch Date | 23-Oct-20 |
| Return Since Launch | 6.10% |
| Benchmark | CRISIL Banking and PSU Debt A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 31 Cr |
| (As on 31-Jan-2025) | |
| Expense | 0.15% |
| (As on 31-Jan-2025) | |
| Risk Grade | Low |
| Return Grade | Above Average |
Trailing Returns (%) of ITI Banking and PSU Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI Banking and PSU Debt Dir | 0.86 | 0.02 | 0.70 | 1.81 | 3.77 | 7.71 | 6.76 | — | — | — |
| CCIL T Bill Liquidity Weight | 0.66 | 0.03 | 0.47 | 1.17 | 2.38 | 4.88 | 4.04 | — | — | — |
| Debt: Banking and PSU | 0.86 | -0.03 | 0.69 | 1.71 | 3.83 | 8.03 | 6.48 | — | — | — |
| Rank within category | 13 | 2 | 13 | 3 | 17 | 21 | 3 | — | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 16 | 15 | 12 |
Peer Comparison of ITI 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 | |
| ITI Banking and PSU Debt Dir | 5 star | 7.71 | 6.76 | — | 0.15 | 31 | 6.10 | — | 4Y 3M |
| Axis Banking & PSU Debt Dir | 4 star | 7.93 | 6.40 | 6.28 | 0.35 | 12,969 | 7.81 | — | 12Y 1M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 8.23 | 7.13 | 6.85 | 0.39 | 9,980 | 8.18 | — | 12Y 1M |
| ABSL Banking & PSU Debt Dir | 4 star | 8.13 | 6.61 | 6.69 | 0.39 | 9,478 | 8.43 | — | 12Y 1M |
| HDFC Banking and PSU Debt Dir | 4 star | 8.13 | 6.62 | 6.65 | 0.39 | 5,865 | 7.98 | — | 10Y 10M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 10 | 59 |
| Macaulay Duration (yrs) | 1.53 | 3.32 |
| Average Maturity (yrs) | 1.97 | 4.37 |
| Yield to Maturity (%) | 7.23 | 7.35 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For ITI Banking and PSU Debt Fund
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