July 21, 2023
mayank
PGIM India Banking & PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance
NAV Growth: Rs 22.1229
Quarterly NAV IDCW: Rs 10.6325
NAV IDCW: Rs 10.3328
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 and capital appreciation by investing in money market and debt instruments issued by banks and public sector companies.
Fund Manager:
1) Bhupesh Kalyani
Education: Mr. Kalyani is a CA, ICWA and CISA.
Experience: Prior to joining PGIM India Mutual Fund, he was associated with IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.
2) Puneet Pal
Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.
Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of PGIM India Banking & PSU Debt Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 11-Mar-13 |
| Return Since Launch | 7.96% |
| Benchmark | CRISIL Banking and PSU Debt |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 47 Cr |
| (As on 30-Jun-2023) | |
| Expense | 0.25% |
| (As on 30-Jun-2023) | |
| Risk Grade | Below Average |
| Return Grade | Average |
PGIM India Banking & PSU Debt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM Ind Banking & PSU Debt Dir | 4.09 | 0.02 | 0.45 | 1.77 | 3.66 | 6.34 | 4.85 | 7.36 | 7.16 | 8.00 |
| CCIL T Bill Liquidity Weight | 2.41 | 0.02 | 0.38 | 1.20 | 2.18 | 4.00 | 2.70 | 3.29 | 3.52 | 4.12 |
| Debt: Banking and PSU | 4.21 | 0.02 | 0.51 | 1.83 | 3.82 | 6.87 | 4.87 | 7.25 | 7.23 | 7.86 |
| Rank within category | 19 | 13 | 19 | 15 | 18 | 22 | 10 | 9 | 10 | 3 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 18 | 17 | 14 | 7 |
PGIM India Banking & PSU Debt Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| PGIM Ind Banking & PSU Debt Dir | 3 star | 6.34 | 4.85 | 7.36 | 0.25 | 47 | 7.96 | — | 10Y 4M |
| Bandhan Banking & PSU Debt Dir | 5 star | 6.82 | 4.93 | 7.82 | 0.32 | 15,077 | 7.84 | — | 10Y 4M |
| Axis Banking & PSU Debt Dir | 4 star | 6.37 | 4.83 | 7.36 | 0.34 | 14,715 | 7.88 | — | 10Y 6M |
| ABSL Banking & PSU Debt Dir | 4 star | 6.98 | 5.08 | 7.54 | 0.36 | 8,381 | 8.55 | — | 10Y 6M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 7.91 | 5.66 | 7.48 | 0.39 | 8,127 | 8.23 | — | 10Y 6M |
Portfolio Breakup of PGIM India Banking & PSU Debt Fund
| Fund | Category | |
| Number of Securities | 14 | 55 |
| Modified Duration (yrs) | 1.82 | 2.47 |
| Average Maturity (yrs) | 2.25 | 3.86 |
| Yield to Maturity (%) | 7.28 | 7.46 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For PGIM India Banking & PSU Debt Fund
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