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Top 5 Debt - Banking & PSU Debt Funds
Banking and PSU Debt Funds are the new sub-category introduced by the Securities and Exchange Board of India (SEBI) in the debt Mutual Fund category. These funds predominantly invests in debt and money market instruments consisting of securities issued by entities such as Banks, Public Financial Institutions, Public Sector Undertakings, etc. This option is considered to maintain an optimum balance of liquidity, safety, and yield.
The Banking and PSU Debt fund belongs to the short term category of debt funds that aims to offer secured returns and minimise risk by Investing in good-quality debt instruments predominately issued by banks and public sector undertakings. Investors who are keen to invest for a short duration, ideally for 2-3 years can invest in this scheme.
Here are some of the best performing Banking and PSU debt Funds 2023 - 2024.
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Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity UTI Banking & PSU Debt Fund Growth ₹18.5085
↑ 0.00 ₹525 1.4 3.4 10.8 7.9 10.3 7.56% 3Y 2M 23D 3Y 11M 5D HDFC Banking and PSU Debt Fund Growth ₹19.3538
↑ 0.00 ₹4,806 1.4 2.9 4 6.5 3.3 7.64% 1Y 11M 20D 3Y 1M 28D ICICI Prudential Banking and PSU Debt Fund Growth ₹27.4505
↓ 0.00 ₹7,266 1.5 3.1 5.3 6.7 4.3 7.99% 2Y 18D 7Y 2M 12D Kotak Banking and PSU Debt fund Growth ₹54.9609
↑ 0.01 ₹5,257 1.4 3.2 4.3 6.6 3.6 8.15% 2Y 7M 2D 6Y 10M 17D Aditya Birla Sun Life Banking & PSU Debt Fund Growth ₹308.486
↑ 0.04 ₹7,994 1.5 3.1 4.2 6.7 3.7 7.76% 2Y 4M 10D 3Y 4M 13D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Mar 23
The investment objective of the scheme is to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities by Banks and Public Sector Undertakings (PSUs). UTI Banking & PSU Debt Fund is a Debt - Banking & PSU Debt fund was launched on 3 Feb 14. It is a fund with Moderate risk and has given a Below is the key information for UTI Banking & PSU Debt Fund Returns up to 1 year are on To generate regular income through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks and Public Sector undertakings. There is no assurance that the investment objective of the Scheme will be realized. HDFC Banking and PSU Debt Fund is a Debt - Banking & PSU Debt fund was launched on 26 Mar 14. It is a fund with Moderately Low risk and has given a Below is the key information for HDFC Banking and PSU Debt Fund Returns up to 1 year are on The investment objective of the Scheme is to generate regular income through investments in a basket of debt and money market instruments consisting predominantly of securities issued by entities such as Banks and Public Sector Undertakings (PSU) with a view to providing reasonable returns,while maintaining an optimum balance of safety, liquidity and yield. ICICI Prudential Banking and PSU Debt Fund is a Debt - Banking & PSU Debt fund was launched on 1 Jan 10. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Banking and PSU Debt Fund Returns up to 1 year are on To generate income by predominantly investing in debt & money market securities issued by Banks & PSUs and Reverse Repos in such securities, sovereign securities issued by the Central Government and State Governments, and / or any security unconditionally guaranteed by the Govt. of India. Kotak Banking and PSU Debt fund is a Debt - Banking & PSU Debt fund was launched on 29 Dec 98. It is a fund with Moderately Low risk and has given a Below is the key information for Kotak Banking and PSU Debt fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Treasury Optimizer Fund) An Open-ended short term income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities with relatively low levels of interest rate risk. Aditya Birla Sun Life Banking & PSU Debt Fund is a Debt - Banking & PSU Debt fund was launched on 9 May 08. It is a fund with Moderate risk and has given a Below is the key information for Aditya Birla Sun Life Banking & PSU Debt Fund Returns up to 1 year are on 1. UTI Banking & PSU Debt Fund
CAGR/Annualized
return of 7% since its launch. Ranked 3 in Banking & PSU Debt
category. Return for 2022 was 10.3% , 2021 was 2.8% and 2020 was 8.9% . UTI Banking & PSU Debt Fund
Growth Launch Date 3 Feb 14 NAV (24 Mar 23) ₹18.5085 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹525 on 28 Feb 23 Category Debt - Banking & PSU Debt AMC UTI Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 0.31 Sharpe Ratio 0.8 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.56% Effective Maturity 3 Years 11 Months 5 Days Modified Duration 3 Years 2 Months 23 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,499 29 Feb 20 ₹10,696 28 Feb 21 ₹11,394 28 Feb 22 ₹11,837 28 Feb 23 ₹13,034 Returns for UTI Banking & PSU Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Mar 23 Duration Returns 1 Month 0.8% 3 Month 1.4% 6 Month 3.4% 1 Year 10.8% 3 Year 7.9% 5 Year 5.5% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2022 10.3% 2021 2.8% 2020 8.9% 2019 -1% 2018 6.8% 2017 6.4% 2016 11.7% 2015 8.6% 2014 2013 Fund Manager information for UTI Banking & PSU Debt Fund
Name Since Tenure Anurag Mittal 1 Dec 21 1.17 Yr. Data below for UTI Banking & PSU Debt Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 5.77% Debt 94.23% Debt Sector Allocation
Sector Value Government 47.38% Corporate 46.85% Cash Equivalent 5.77% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -21% ₹110 Cr 1,100,000,000
↓ -150,000,000 Power Finance Corporation Ltd.
Debentures | -7% ₹40 Cr 400
↑ 50 National Housing Bank
Debentures | -7% ₹40 Cr 400 Axis Bank Limited
Debentures | -6% ₹30 Cr 300 National Bank For Agriculture And Rural Development
Debentures | -5% ₹26 Cr 250 Export Import Bank Of India
Debentures | -5% ₹25 Cr 250 Indian Railway Finance Corporation Limited
Debentures | -5% ₹25 Cr 250 Small Industries Development Bank Of India
Debentures | -5% ₹25 Cr 250 Rec Limited
Debentures | -5% ₹25 Cr 250 ICICI Bank Limited
Debentures | -4% ₹24 Cr 250 2. HDFC Banking and PSU Debt Fund
CAGR/Annualized
return of 7.6% since its launch. Ranked 6 in Banking & PSU Debt
category. Return for 2022 was 3.3% , 2021 was 3.7% and 2020 was 10.6% . HDFC Banking and PSU Debt Fund
Growth Launch Date 26 Mar 14 NAV (24 Mar 23) ₹19.3538 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹4,806 on 28 Feb 23 Category Debt - Banking & PSU Debt AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.81 Sharpe Ratio -1.91 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 7.64% Effective Maturity 3 Years 1 Month 28 Days Modified Duration 1 Year 11 Months 20 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,687 29 Feb 20 ₹11,898 28 Feb 21 ₹12,805 28 Feb 22 ₹13,425 28 Feb 23 ₹13,903 Returns for HDFC Banking and PSU Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Mar 23 Duration Returns 1 Month 0.6% 3 Month 1.4% 6 Month 2.9% 1 Year 4% 3 Year 6.5% 5 Year 6.7% 10 Year 15 Year Since launch 7.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 3.3% 2021 3.7% 2020 10.6% 2019 10.2% 2018 5.9% 2017 6.3% 2016 10.8% 2015 9.8% 2014 2013 Fund Manager information for HDFC Banking and PSU Debt Fund
Name Since Tenure Anil Bamboli 26 Mar 14 8.86 Yr. Priya Ranjan 1 May 22 0.76 Yr. Data below for HDFC Banking and PSU Debt Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 21.47% Debt 78.53% Debt Sector Allocation
Sector Value Government 47.36% Corporate 41.9% Cash Equivalent 10.74% Credit Quality
Rating Value AA 2.8% AAA 97.2% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.01 10/4/2028 12:00:00 Am
Sovereign Bonds | -6% ₹276 Cr 28,000,000 7.1 4/18/2029 12:00:00 Am
Sovereign Bonds | -4% ₹193 Cr 19,500,000 Small Industries Development Bank Of India
Debentures | -4% ₹174 Cr 17,500
↑ 2,500 Power Finance Corporation Ltd.
Debentures | -4% ₹174 Cr 1,750 Rural Electrification Corporation Limited
Debentures | -3% ₹149 Cr 1,500 Housing And Urban Development Corporation Limited
Debentures | -3% ₹131 Cr 1,250 State Bank Of India
Debentures | -3% ₹125 Cr 1,250 State Bank Of India
Debentures | -3% ₹124 Cr 1,300 6.79 5/15/2027 12:00:00 Am
Sovereign Bonds | -2% ₹103 Cr 10,500,000
↓ -4,000,000 Mahanagar Telephone Nigam Limited.
Debentures | -2% ₹102 Cr 1,000 3. ICICI Prudential Banking and PSU Debt Fund
CAGR/Annualized
return of 7.9% since its launch. Ranked 13 in Banking & PSU Debt
category. Return for 2022 was 4.3% , 2021 was 4.2% and 2020 was 9.3% . ICICI Prudential Banking and PSU Debt Fund
Growth Launch Date 1 Jan 10 NAV (24 Mar 23) ₹27.4505 ↓ 0.00 (0.00 %) Net Assets (Cr) ₹7,266 on 28 Feb 23 Category Debt - Banking & PSU Debt AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.8 Sharpe Ratio -0.64 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.99% Effective Maturity 7 Years 2 Months 12 Days Modified Duration 2 Years 18 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,612 29 Feb 20 ₹11,782 28 Feb 21 ₹12,634 28 Feb 22 ₹13,221 28 Feb 23 ₹13,863 Returns for ICICI Prudential Banking and PSU Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3.1% 1 Year 5.3% 3 Year 6.7% 5 Year 6.7% 10 Year 15 Year Since launch 7.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.3% 2021 4.2% 2020 9.3% 2019 10.1% 2018 5.7% 2017 5.6% 2016 12.6% 2015 8.6% 2014 10.5% 2013 8.9% Fund Manager information for ICICI Prudential Banking and PSU Debt Fund
Name Since Tenure Rahul Goswami 27 Sep 12 10.35 Yr. Chandni Gupta 15 Jan 15 8.05 Yr. Data below for ICICI Prudential Banking and PSU Debt Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 31.91% Debt 68.09% Debt Sector Allocation
Sector Value Government 55.99% Corporate 38% Cash Equivalent 6.01% Credit Quality
Rating Value AA 8.26% AAA 91.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.42 9/22/2033 12:00:00 Am
Sovereign Bonds | -20% ₹1,477 Cr 148,559,470 Small Industries Development Bank Of India
Debentures | -8% ₹604 Cr 6,100 7.69 10/30/2034 12:00:00 Am
Sovereign Bonds | -8% ₹565 Cr 57,936,820 ICICI Bank Limited
Debentures | -5% ₹372 Cr 3,710
↓ -90 National Bank For Agriculture And Rural Development
Debentures | -3% ₹249 Cr 25,000 Bharat Sanchar Nigam Limited
Debentures | -3% ₹240 Cr 2,540 National Bank For Agriculture And Rural Development
Debentures | -3% ₹224 Cr 22,500
↑ 7,500 State Bank Of India
Debentures | -2% ₹133 Cr 1,319 Mahanagar Telephone Nigam Limited.
Debentures | -2% ₹125 Cr 1,301 State Bank Of India
Debentures | -1% ₹105 Cr 1,050 4. Kotak Banking and PSU Debt fund
CAGR/Annualized
return of since its launch. Ranked 19 in Banking & PSU Debt
category. Return for 2022 was 3.6% , 2021 was 3.9% and 2020 was 10.5% . Kotak Banking and PSU Debt fund
Growth Launch Date 29 Dec 98 NAV (24 Mar 23) ₹54.9609 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹5,257 on 28 Feb 23 Category Debt - Banking & PSU Debt AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.59 Sharpe Ratio -1.39 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 8.15% Effective Maturity 6 Years 10 Months 17 Days Modified Duration 2 Years 7 Months 2 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,760 29 Feb 20 ₹12,032 28 Feb 21 ₹12,926 28 Feb 22 ₹13,592 28 Feb 23 ₹14,100 Returns for Kotak Banking and PSU Debt fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Mar 23 Duration Returns 1 Month 0.7% 3 Month 1.4% 6 Month 3.2% 1 Year 4.3% 3 Year 6.6% 5 Year 7.1% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2022 3.6% 2021 3.9% 2020 10.5% 2019 10.8% 2018 6.7% 2017 6.2% 2016 10% 2015 8.6% 2014 9.5% 2013 9.8% Fund Manager information for Kotak Banking and PSU Debt fund
Name Since Tenure Deepak Agrawal 15 Apr 08 14.81 Yr. Abhishek Bisen 1 Nov 22 0.25 Yr. Vihag Mishra 1 Mar 22 0.92 Yr. Data below for Kotak Banking and PSU Debt fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 12.33% Debt 87.67% Debt Sector Allocation
Sector Value Government 53.04% Corporate 44.96% Cash Equivalent 2% Credit Quality
Rating Value AA 10.96% AAA 89.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.42 9/22/2033 12:00:00 Am
Sovereign Bonds | -14% ₹715 Cr 71,940,613 Housing Development Finance Corporation Limited
Debentures | -5% ₹252 Cr 2,550 Small Industries Development Bank Of India
Debentures | -4% ₹199 Cr 20,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹193 Cr 1,950 7.69 12/7/2031 12:00:00 Am
Sovereign Bonds | -4% ₹189 Cr 19,000,000 Union Bank of India
Domestic Bonds | -3% ₹163 Cr 17,500
↑ 17,500 Rural Electrification Corporation Limited
Debentures | -3% ₹159 Cr 1,600 Bank Of Baroda
Debentures | -3% ₹155 Cr 1,550 National Bank For Agriculture And Rural Development
Debentures | -3% ₹149 Cr 15,000
↑ 15,000 Power Finance Corporation Ltd.
Debentures | -3% ₹148 Cr 1,500 5. Aditya Birla Sun Life Banking & PSU Debt Fund
CAGR/Annualized
return of 7.9% since its launch. Ranked 9 in Banking & PSU Debt
category. Return for 2022 was 3.7% , 2021 was 3.6% and 2020 was 10.9% . Aditya Birla Sun Life Banking & PSU Debt Fund
Growth Launch Date 9 May 08 NAV (24 Mar 23) ₹308.486 ↑ 0.04 (0.01 %) Net Assets (Cr) ₹7,994 on 28 Feb 23 Category Debt - Banking & PSU Debt AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.68 Sharpe Ratio -1.58 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.76% Effective Maturity 3 Years 4 Months 13 Days Modified Duration 2 Years 4 Months 10 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,730 29 Feb 20 ₹11,926 28 Feb 21 ₹12,846 28 Feb 22 ₹13,506 28 Feb 23 ₹14,026 Returns for Aditya Birla Sun Life Banking & PSU Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Mar 23 Duration Returns 1 Month 0.6% 3 Month 1.5% 6 Month 3.1% 1 Year 4.2% 3 Year 6.7% 5 Year 6.9% 10 Year 15 Year Since launch 7.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 3.7% 2021 3.6% 2020 10.9% 2019 9.9% 2018 6.6% 2017 5.6% 2016 12.3% 2015 8.5% 2014 12.5% 2013 9.6% Fund Manager information for Aditya Birla Sun Life Banking & PSU Debt Fund
Name Since Tenure Kaustubh Gupta 29 Sep 09 13.35 Yr. Harshil Suvarnkar 22 Mar 21 1.87 Yr. Data below for Aditya Birla Sun Life Banking & PSU Debt Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 21.08% Debt 78.92% Debt Sector Allocation
Sector Value Corporate 47.93% Government 46.29% Cash Equivalent 5.79% Credit Quality
Rating Value AA 3.56% AAA 96.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Limited
Debentures | -4% ₹288 Cr 290
↓ -25 Housing And Urban Development Corporation Limited
Debentures | -3% ₹273 Cr 2,750 Small Industries Development Bank Of India
Debentures | -3% ₹254 Cr 25,500
↑ 3,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹239 Cr 24,000
↑ 24,000 State Bank Of India
Debentures | -2% ₹177 Cr 1,850 State Bank Of India
Debentures | -2% ₹175 Cr 1,850 National Bank For Agriculture And Rural Development
Debentures | -2% ₹154 Cr 1,550
↑ 300 National Bank For Agriculture And Rural Development
Debentures | -2% ₹149 Cr 15,000
↑ 7,500 Housing And Urban Development Corporation Limited
Debentures | -2% ₹144 Cr 1,450 Hdb Financial Services Limited
Debentures | -2% ₹135 Cr 1,350
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