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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 HDFC Banking and PSU Debt Fund Growth ₹19.9507
↓ 0.00 ₹6,373 1.3 3.7 6.3 4.9 3.3 7.46% 2Y 3M 6D 3Y 5M 2D UTI Banking & PSU Debt Fund Growth ₹19.0338
↓ -0.01 ₹967 0.7 3.7 5.6 6.5 10.3 7.43% 3Y 1M 2D 3Y 9M ICICI Prudential Banking and PSU Debt Fund Growth ₹28.3816
↑ 0.00 ₹8,146 1.6 3.9 7.2 5.5 4.3 7.79% 1Y 9M 4Y 5M 19D Kotak Banking and PSU Debt fund Growth ₹56.5456
↓ -0.02 ₹6,343 1 3.6 6.4 5 3.6 7.79% 3Y 1M 17D 9Y 7M 17D Aditya Birla Sun Life Banking & PSU Debt Fund Growth ₹317.783
↓ -0.04 ₹8,400 1.2 3.6 6.2 5 3.7 7.5% 2Y 6M 11D 4Y 11M 23D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23
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 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 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. 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 (22 Aug 23) ₹19.9507 ↓ 0.00 (-0.01 %) Net Assets (Cr) ₹6,373 on 31 Jul 23 Category Debt - Banking & PSU Debt AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.81 Sharpe Ratio 0.1 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 7.46% Effective Maturity 3 Years 5 Months 2 Days Modified Duration 2 Years 3 Months 6 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹11,028 31 Aug 20 ₹12,173 31 Aug 21 ₹12,867 31 Aug 22 ₹13,222 31 Aug 23 ₹14,071 Returns for HDFC Banking and PSU Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 0.3% 3 Month 1.3% 6 Month 3.7% 1 Year 6.3% 3 Year 4.9% 5 Year 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 9.44 Yr. Dhruv Muchhal 22 Jun 23 0.19 Yr. Data below for HDFC Banking and PSU Debt Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 19.2% Debt 80.8% Debt Sector Allocation
Sector Value Corporate 51.22% Government 45.36% Cash Equivalent 3.41% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.879999999999999% Govt Stock 2028
Sovereign Bonds | -4% ₹264 Cr 26,500,000 Small Industries Development Bank Of India
Debentures | -4% ₹225 Cr 22,500 7.26% Govt Stock 2033
Sovereign Bonds | -3% ₹216 Cr 21,500,000 7.1% Govt Stock 2029
Sovereign Bonds | -3% ₹194 Cr 19,500,000 Power Finance Corporation Ltd.
Debentures | -3% ₹175 Cr 1,750 Power Finance Corporation Ltd.
Debentures | -2% ₹150 Cr 15,000 Rural Electrification Corporation Limited
Debentures | -2% ₹150 Cr 1,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹149 Cr 1,500 Housing And Urban Development Corporation Limited
Debentures | -2% ₹131 Cr 1,250 HDFC Bank Limited
Debentures | -2% ₹126 Cr 12,500 2. 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 (22 Aug 23) ₹19.0338 ↓ -0.01 (-0.03 %) Net Assets (Cr) ₹967 on 31 Jul 23 Category Debt - Banking & PSU Debt AMC UTI Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 0.5 Sharpe Ratio -0.13 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.43% Effective Maturity 3 Years 9 Months Modified Duration 3 Years 1 Month 2 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹10,115 31 Aug 20 ₹10,863 31 Aug 21 ₹11,309 31 Aug 22 ₹12,431 31 Aug 23 ₹13,143 Returns for UTI Banking & PSU Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 0.1% 3 Month 0.7% 6 Month 3.7% 1 Year 5.6% 3 Year 6.5% 5 Year 5.6% 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 1.75 Yr. Data below for UTI Banking & PSU Debt Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 6.91% Debt 93.09% Debt Sector Allocation
Sector Value Government 53.24% Corporate 39.84% Cash Equivalent 6.91% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38% Govt Stock 2027
Sovereign Bonds | -21% ₹201 Cr 2,000,000,000 Rural Electrification Corporation Limited
Debentures | -6% ₹60 Cr 6,000 Axis Bank Limited
Debentures | -6% ₹55 Cr 550 ICICI Bank Limited
Debentures | -5% ₹52 Cr 550 Hindustan Petroleum Corporation Limited
Debentures | -5% ₹50 Cr 5,000 HDFC Bank Limited
Debentures | -4% ₹40 Cr 400 Power Finance Corporation Ltd.
Debentures | -4% ₹40 Cr 400 National Bank For Agriculture And Rural Development
Debentures | -4% ₹40 Cr 4,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹26 Cr 250 Indian Railway Finance Corporation Limited
Debentures | -3% ₹25 Cr 250 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 (22 Aug 23) ₹28.3816 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹8,146 on 31 Jul 23 Category Debt - Banking & PSU Debt AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.79 Sharpe Ratio 1.27 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.79% Effective Maturity 4 Years 5 Months 19 Days Modified Duration 1 Year 9 Months Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹10,949 31 Aug 20 ₹11,935 31 Aug 21 ₹12,654 31 Aug 22 ₹13,113 31 Aug 23 ₹14,049 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 22 Aug 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.9% 1 Year 7.2% 3 Year 5.5% 5 Year 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 Chandni Gupta 15 Jan 15 8.63 Yr. Rohit Lakhotia 12 Jun 23 0.22 Yr. Data below for ICICI Prudential Banking and PSU Debt Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 20.19% Debt 79.81% Debt Sector Allocation
Sector Value Government 48.23% Corporate 45.29% Cash Equivalent 6.47% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.51% Govt Stock 2033
Sovereign Bonds | -11% ₹932 Cr 91,809,470
↓ -5,000,000 Small Industries Development Bank Of India
Debentures | -7% ₹606 Cr 6,100 HDFC Bank Limited
Debentures | -6% ₹490 Cr 49,000 7.06% Govt Stock 2028
Sovereign Bonds | -6% ₹473 Cr 47,500,000 Power Finance Corporation Ltd.
Debentures | -3% ₹273 Cr 27,500
↑ 5,000 7.38% Govt Stock 2027
Sovereign Bonds | -3% ₹252 Cr 25,000,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹249 Cr 25,000 Housing And Urban Development Corporation Ltd.
Debentures | -3% ₹226 Cr 22,500 7.93% Govt Stock 2034
Sovereign Bonds | -3% ₹219 Cr 21,936,820
↓ -10,000,000 Bharat Petroleum Corporation Limited
Debentures | -2% ₹200 Cr 20,000 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 (22 Aug 23) ₹56.5456 ↓ -0.02 (-0.04 %) Net Assets (Cr) ₹6,343 on 31 Jul 23 Category Debt - Banking & PSU Debt AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.6 Sharpe Ratio 0.22 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.79% Effective Maturity 9 Years 7 Months 17 Days Modified Duration 3 Years 1 Month 17 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹11,118 31 Aug 20 ₹12,253 31 Aug 21 ₹12,944 31 Aug 22 ₹13,343 31 Aug 23 ₹14,210 Returns for Kotak Banking and PSU Debt fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 0.2% 3 Month 1% 6 Month 3.6% 1 Year 6.4% 3 Year 5% 5 Year 7.2% 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 15.39 Yr. Abhishek Bisen 1 Nov 22 0.83 Yr. Palha Khanna 3 Jul 23 0.16 Yr. Data below for Kotak Banking and PSU Debt fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 8.49% Debt 91.51% Debt Sector Allocation
Sector Value Corporate 52.12% Government 41.33% Cash Equivalent 6.54% Credit Quality
Rating Value AA 8.59% AAA 91.41% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.51% Govt Stock 2033
Sovereign Bonds | -11% ₹662 Cr 65,240,613 National Bank For Agriculture And Rural Development
Debentures | -5% ₹318 Cr 3,200 HDFC Bank Limited
Debentures | -4% ₹234 Cr 23,500
↓ -1,500 Small Industries Development Bank Of India
Debentures | -3% ₹217 Cr 21,700 Small Industries Development Bank Of India
Debentures | -3% ₹189 Cr 19,000 Rural Electrification Corporation Limited
Debentures | -3% ₹160 Cr 1,600 Bank Of Baroda
Debentures | -3% ₹155 Cr 1,550 Rural Electrification Corporation Limited
Debentures | -2% ₹151 Cr 15,000 7.38% Govt Stock 2027
Sovereign Bonds | -2% ₹141 Cr 14,000,000 Union Bank Of India
Debentures | -2% ₹140 Cr 1,364 5. Aditya Birla Sun Life Banking & PSU Debt Fund
CAGR/Annualized
return of 7.8% 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 (22 Aug 23) ₹317.783 ↓ -0.04 (-0.01 %) Net Assets (Cr) ₹8,400 on 31 Jul 23 Category Debt - Banking & PSU Debt AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.7 Sharpe Ratio -0.01 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.5% Effective Maturity 4 Years 11 Months 23 Days Modified Duration 2 Years 6 Months 11 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹11,085 31 Aug 20 ₹12,198 31 Aug 21 ₹12,911 31 Aug 22 ₹13,293 31 Aug 23 ₹14,140 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 22 Aug 23 Duration Returns 1 Month 0.3% 3 Month 1.2% 6 Month 3.6% 1 Year 6.2% 3 Year 5% 5 Year 7.1% 10 Year 15 Year Since launch 7.8% 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 13.93 Yr. Harshil Suvarnkar 22 Mar 21 2.45 Yr. Data below for Aditya Birla Sun Life Banking & PSU Debt Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 17.3% Debt 82.7% Debt Sector Allocation
Sector Value Corporate 52.96% Government 41.36% Cash Equivalent 5.68% Credit Quality
Rating Value AA 3.08% AAA 96.92% Top Securities Holdings / Portfolio
Name Holding Value Quantity Power Finance Corporation Ltd.
Debentures | -4% ₹326 Cr 32,500 HDFC Bank Limited
Debentures | -3% ₹265 Cr 265 National Housing Bank
Debentures | -3% ₹250 Cr 25,000 Small Industries Development Bank Of India
Debentures | -3% ₹250 Cr 25,000 7.17% Govt Stock 2030
Sovereign Bonds | -3% ₹226 Cr 22,567,400
↑ 14,000,000 HDFC Bank Limited
Debentures | -3% ₹225 Cr 22,500 7.38% Govt Stock 2027
Sovereign Bonds | -2% ₹202 Cr 20,100,000
↑ 3,500,000 7.06% Govt Stock 2028
Sovereign Bonds | -2% ₹159 Cr 16,000,000
↑ 3,000,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹150 Cr 15,000 Power Finance Corporation Ltd.
Debentures | -2% ₹149 Cr 1,500
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