August 14, 2023
mayank
Tata Banking & PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 12.7058
NAV IDCW: Rs 12.7058
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 reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds.
Fund Manager:
1) Amit Somani
Education: Mr.Somani is a B.Com, PGDBM and CFA.
Experience: Prior to joining Tata Asset Management Ltd in 2010 he has worked with Fidelity Investments Netscribes Pvt. ltd, SPA Capital and Khandwala Securities.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 150 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Tata Banking & PSU Debt Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 10-Oct-19 |
| Return Since Launch | 6.44% |
| Benchmark | CRISIL Banking and PSU Debt |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 264 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.25% |
| (As on 30-Jun-2023) | |
| Risk Grade | Average |
| Return Grade | Average |
Tata Banking & PSU Debt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Banking & PSU Debt Dir | 4.48 | -0.04 | 0.50 | 1.41 | 3.82 | 6.64 | 4.99 | — | — | — |
| CCIL T Bill Liquidity Weight | 2.67 | 0.02 | 0.37 | 1.22 | 2.30 | 4.06 | 2.74 | — | — | — |
| Debt: Banking and PSU | 4.36 | -0.05 | 0.45 | 1.40 | 3.72 | 6.49 | 4.91 | — | — | — |
| Rank within category | 6 | 10 | 6 | 14 | 8 | 7 | 8 | — | — | — |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 19 | 17 | 14 | 7 |
Tata 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 | |
| Tata Banking & PSU Debt Dir | 3 star | 6.64 | 4.99 | — | 0.25 | 264 | 6.44 | 0.25 | 3Y 10M |
| Bandhan Banking & PSU Debt Dir | 5 star | 6.63 | 4.97 | 7.71 | 0.32 | 15,017 | 7.81 | 0.32 | 10Y 5M |
| Axis Banking & PSU Debt Dir | 4 star | 6.14 | 4.88 | 7.25 | 0.34 | 14,606 | 7.85 | 0.34 | 10Y 7M |
| ABSL Banking & PSU Debt Dir | 4 star | 6.69 | 5.18 | 7.47 | 0.36 | 8,400 | 8.52 | 0.36 | 10Y 7M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 7.75 | 5.73 | 7.44 | 0.39 | 8,146 | 8.21 | 0.39 | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 17 | 54 |
| Macaulay Duration (yrs) | 3.02 | 2.82 |
| Average Maturity (yrs) | 3.62 | 4.00 |
| Yield to Maturity (%) | 7.43 | 7.46 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Tata Banking & PSU Debt Fund
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