December 27, 2024
mayank
TRUSTMF Banking & PSU Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,237.6812
Yearly NAV IDCW: Rs 1,120.8758
Weekly NAV IDCW: Rs 1,085.4923
Quarterly NAV IDCW: Rs 1,117.7724
Monthly NAV IDCW: Rs 1,100.9487
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 returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds.
Fund Manager:
1) Jalpan Shah
Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience: Prior to joining Trust Mutual Fund,he was associated with HSBC Mutual Fund, L&T Mutual Fund, FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
2) Neeraj Jain
Education: Mr. Jain has done B.E(Mechanical) and PGPM, Finance
Experience: Prior to joining Trust Mutual Fund, he has worked with Trust Group and Futures First
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of TRUSTMF Banking & PSU Fund
| Fund House | TRUST Mutual Fund |
| Launch Date | 01-Feb-21 |
| Return Since Launch | 5.62% |
| Benchmark | CRISIL Banking and PSU Debt A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 190 Cr |
| (As on 30-Nov-2024) | |
| Expense | 0.21% |
| (As on 30-Nov-2024) | |
| Risk Grade | Low |
| Return Grade | Below Average |
TRUSTMF Banking & PSU Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| TRUSTMF Banking & PSU Dir | 7.83 | 0.02 | 0.44 | 1.48 | 3.97 | 7.90 | 5.78 | — | — | — |
| CCIL T Bill Liquidity Weight | 4.67 | 0.04 | 0.35 | 1.00 | 2.39 | 4.76 | 3.89 | — | — | — |
| Debt: Banking and PSU | 8.06 | 0.02 | 0.54 | 1.50 | 4.07 | 8.15 | 6.27 | — | — | — |
| Rank within category | 18 | 15 | 21 | 13 | 16 | 18 | 17 | — | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 16 | 15 | 12 |
TRUSTMF Banking & PSU 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 | |
| TRUSTMF Banking & PSU Dir | 3 star | 7.90 | 5.78 | — | 0.21 | 190 | 5.62 | — | 3Y 10M |
| Axis Banking & PSU Debt Dir | 4 star | 7.80 | 6.20 | 6.43 | 0.35 | 13,045 | 7.80 | — | 11Y 11M |
| ABSL Banking & PSU Debt Dir | 4 star | 8.19 | 6.44 | 6.89 | 0.39 | 9,551 | 8.44 | — | 11Y 11M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 8.22 | 6.86 | 7.01 | 0.39 | 9,127 | 8.18 | — | 11Y 11M |
| HDFC Banking and PSU Debt Dir | 4 star | 8.24 | 6.38 | 6.85 | 0.39 | 5,881 | 7.98 | — | 10Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 13 | 57 |
| Macaulay Duration (yrs) | 2.78 | 3.39 |
| Average Maturity (yrs) | 3.18 | 4.65 |
| Yield to Maturity (%) | 7.36 | 7.33 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For TRUSTMF Banking & PSU Fund
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