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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 2024 - 2025.
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Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity HDFC Banking and PSU Debt Fund Growth ₹21.7633
↑ 0.02 ₹5,748 2.2 4.3 8.2 5.8 6.8 7.42% 3Y 7M 28D 5Y 4D UTI Banking & PSU Debt Fund Growth ₹20.741
↑ 0.01 ₹824 2.1 4.2 8.1 8 6.7 7.28% 2Y 5M 23D 2Y 11M 12D DSP BlackRock Banking and PSU Debt Fund Growth ₹22.8772
↑ 0.01 ₹2,710 2.7 5.1 9.4 6 6.7 7.27% 5Y 6M 14D 10Y 9M 4D Kotak Banking and PSU Debt fund Growth ₹61.8388
↑ 0.04 ₹5,714 2.2 4.4 8.4 5.9 6.8 7.37% 3Y 9M 4D 5Y 8M 5D Aditya Birla Sun Life Banking & PSU Debt Fund Growth ₹346.826
↑ 0.15 ₹9,437 2.2 4.4 8.3 5.9 6.9 7.4% 3Y 7M 2D 4Y 9M 25D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Oct 24
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 seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertakings. DSP BlackRock Banking and PSU Debt Fund is a Debt - Banking & PSU Debt fund was launched on 14 Sep 13. It is a fund with Moderate risk and has given a Below is the key information for DSP BlackRock 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 2023 was 6.8% , 2022 was 3.3% and 2021 was 3.7% . HDFC Banking and PSU Debt Fund
Growth Launch Date 26 Mar 14 NAV (23 Oct 24) ₹21.7633 ↑ 0.02 (0.07 %) Net Assets (Cr) ₹5,748 on 30 Sep 24 Category Debt - Banking & PSU Debt AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.79 Sharpe Ratio 1.03 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 7.42% Effective Maturity 5 Years 4 Days Modified Duration 3 Years 7 Months 28 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹11,024 30 Sep 21 ₹11,660 30 Sep 22 ₹11,952 30 Sep 23 ₹12,754 30 Sep 24 ₹13,760 Returns for HDFC Banking and PSU Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 23 Oct 24 Duration Returns 1 Month 0.5% 3 Month 2.2% 6 Month 4.3% 1 Year 8.2% 3 Year 5.8% 5 Year 6.5% 10 Year 15 Year Since launch 7.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.8% 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 Fund Manager information for HDFC Banking and PSU Debt Fund
Name Since Tenure Anil Bamboli 26 Mar 14 10.52 Yr. Dhruv Muchhal 22 Jun 23 1.28 Yr. Data below for HDFC Banking and PSU Debt Fund as on 30 Sep 24
Asset Allocation
Asset Class Value Cash 3.17% Debt 96.55% Other 0.28% Debt Sector Allocation
Sector Value Corporate 52.02% Government 44.53% Cash Equivalent 3.17% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 07.18 Goi 2033
Sovereign Bonds | -5% ₹303 Cr 29,500,000 Indian Railway Finance Corp Ltd.
Domestic Bonds | -5% ₹278 Cr 27,500 Small Industries Development Bank Of India
Debentures | -4% ₹224 Cr 22,500 7.26% Govt Stock 2033
Sovereign Bonds | -4% ₹222 Cr 21,500,000 Indian Railway Finance Corporation Limited
Debentures | -4% ₹203 Cr 20,000 Bajaj Housing Finance Limited
Debentures | -3% ₹151 Cr 15,000 Rural Electrification Corporation Limited
Debentures | -3% ₹151 Cr 1,500 Small Industries Development Bank Of India
Debentures | -2% ₹139 Cr 14,000 Housing And Urban Development Corporation Limited
Debentures | -2% ₹131 Cr 1,250 HDFC Bank Limited
Debentures | -2% ₹130 Cr 13,000 2. UTI Banking & PSU Debt Fund
CAGR/Annualized
return of 7% since its launch. Ranked 3 in Banking & PSU Debt
category. Return for 2023 was 6.7% , 2022 was 10.3% and 2021 was 2.8% . UTI Banking & PSU Debt Fund
Growth Launch Date 3 Feb 14 NAV (23 Oct 24) ₹20.741 ↑ 0.01 (0.05 %) Net Assets (Cr) ₹824 on 30 Sep 24 Category Debt - Banking & PSU Debt AMC UTI Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 0.55 Sharpe Ratio 0.95 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.28% Effective Maturity 2 Years 11 Months 12 Days Modified Duration 2 Years 5 Months 23 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,902 30 Sep 21 ₹11,335 30 Sep 22 ₹12,371 30 Sep 23 ₹13,203 30 Sep 24 ₹14,234 Returns for UTI Banking & PSU Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 23 Oct 24 Duration Returns 1 Month 0.6% 3 Month 2.1% 6 Month 4.2% 1 Year 8.1% 3 Year 8% 5 Year 7.3% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.7% 2022 10.3% 2021 2.8% 2020 8.9% 2019 -1% 2018 6.8% 2017 6.4% 2016 11.7% 2015 8.6% 2014 Fund Manager information for UTI Banking & PSU Debt Fund
Name Since Tenure Anurag Mittal 1 Dec 21 2.84 Yr. Data below for UTI Banking & PSU Debt Fund as on 30 Sep 24
Asset Allocation
Asset Class Value Cash 3.87% Debt 95.84% Other 0.3% Debt Sector Allocation
Sector Value Government 48.54% Corporate 47.3% Cash Equivalent 3.87% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38% Govt Stock 2027
Sovereign Bonds | -11% ₹92 Cr 900,000,000 Axis Bank Limited
Debentures | -7% ₹55 Cr 550 ICICI Bank Limited
Debentures | -6% ₹53 Cr 550 Export-Import Bank of India
Domestic Bonds | -6% ₹50 Cr 5,000 Small Industries Development Bank Of India
Debentures | -6% ₹50 Cr 5,000 07.37 Goi 2028
Sovereign Bonds | -6% ₹46 Cr 450,000,000
↓ -50,000,000 Power Finance Corporation Limited
Debentures | -5% ₹40 Cr 400 Rural Electrification Corporation Limited
Debentures | -4% ₹35 Cr 3,500 HDFC Bank Limited
Debentures | -4% ₹35 Cr 350 Indian Railway Finance Corporation Limited
Debentures | -4% ₹30 Cr 300 3. DSP BlackRock Banking and PSU Debt Fund
CAGR/Annualized
return of 7.7% since its launch. Ranked 20 in Banking & PSU Debt
category. Return for 2023 was 6.7% , 2022 was 3.2% and 2021 was 3.1% . DSP BlackRock Banking and PSU Debt Fund
Growth Launch Date 14 Sep 13 NAV (23 Oct 24) ₹22.8772 ↑ 0.01 (0.04 %) Net Assets (Cr) ₹2,710 on 30 Sep 24 Category Debt - Banking & PSU Debt AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.58 Sharpe Ratio 1.48 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-1 Months (0.25%),1 Months and above(NIL) Yield to Maturity 7.27% Effective Maturity 10 Years 9 Months 4 Days Modified Duration 5 Years 6 Months 14 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹11,069 30 Sep 21 ₹11,615 30 Sep 22 ₹11,886 30 Sep 23 ₹12,676 30 Sep 24 ₹13,822 Returns for DSP BlackRock Banking and PSU Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 23 Oct 24 Duration Returns 1 Month 0.5% 3 Month 2.7% 6 Month 5.1% 1 Year 9.4% 3 Year 6% 5 Year 6.5% 10 Year 15 Year Since launch 7.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.7% 2022 3.2% 2021 3.1% 2020 10.9% 2019 9.9% 2018 6.3% 2017 5.4% 2016 10.6% 2015 8.6% 2014 10.4% Fund Manager information for DSP BlackRock Banking and PSU Debt Fund
Name Since Tenure Sandeep Yadav 1 Aug 24 0.16 Yr. Shantanu Godambe 1 Jun 23 1.33 Yr. Data below for DSP BlackRock Banking and PSU Debt Fund as on 30 Sep 24
Asset Allocation
Asset Class Value Cash 6.54% Debt 93.22% Other 0.24% Debt Sector Allocation
Sector Value Government 50.59% Corporate 48.99% Cash Equivalent 0.18% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.30 Goi 19062053
Sovereign Bonds | -11% ₹295 Cr 27,500,000 National Bank For Financing Infrastructure And Development
Debentures | -6% ₹156 Cr 15,000 Small Industries Development Bank Of India
Debentures | -5% ₹135 Cr 12,500 Indian Railway Finance Corporation Limited
Debentures | -4% ₹112 Cr 1,000 State Bank Of India
Debentures | -4% ₹110 Cr 100
↓ -10 GAil (India) Limited
Debentures | -4% ₹106 Cr 1,000 Rural Electrification Corporation Limited
Debentures | -4% ₹105 Cr 10,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -4% ₹104 Cr 10,000 Uttar Pradesh (Government of) 7.48%
- | -4% ₹104 Cr 10,000,000 07.09 Goi 05082054
Sovereign Bonds | -3% ₹83 Cr 8,000,000
↑ 1,000,000 4. Kotak Banking and PSU Debt fund
CAGR/Annualized
return of since its launch. Ranked 19 in Banking & PSU Debt
category. Return for 2023 was 6.8% , 2022 was 3.6% and 2021 was 3.9% . Kotak Banking and PSU Debt fund
Growth Launch Date 29 Dec 98 NAV (23 Oct 24) ₹61.8388 ↑ 0.04 (0.07 %) Net Assets (Cr) ₹5,714 on 30 Sep 24 Category Debt - Banking & PSU Debt AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.81 Sharpe Ratio 1.4 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.37% Effective Maturity 5 Years 8 Months 5 Days Modified Duration 3 Years 9 Months 4 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹11,029 30 Sep 21 ₹11,683 30 Sep 22 ₹11,998 30 Sep 23 ₹12,797 30 Sep 24 ₹13,852 Returns for Kotak Banking and PSU Debt fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 23 Oct 24 Duration Returns 1 Month 0.5% 3 Month 2.2% 6 Month 4.4% 1 Year 8.4% 3 Year 5.9% 5 Year 6.6% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2023 6.8% 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% Fund Manager information for Kotak Banking and PSU Debt fund
Name Since Tenure Deepak Agrawal 1 Aug 08 16.18 Yr. Abhishek Bisen 1 Nov 22 1.92 Yr. Data below for Kotak Banking and PSU Debt fund as on 30 Sep 24
Asset Allocation
Asset Class Value Cash 3.14% Debt 96.59% Other 0.27% Debt Sector Allocation
Sector Value Corporate 52.73% Government 43.86% Cash Equivalent 3.14% Credit Quality
Rating Value AA 1.75% AAA 98.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity 07.18 Goi 2033
Sovereign Bonds | -11% ₹606 Cr 58,943,740 7.1% Govt Stock 2034
Sovereign Bonds | -6% ₹368 Cr 35,886,530 National Bank For Agriculture And Rural Development
Debentures | -6% ₹349 Cr 34,700 Power Finance Corp Ltd. 0.076%
Debentures | -6% ₹334 Cr 33,000 National Housing Bank
Debentures | -5% ₹277 Cr 27,500 7.93% Govt Stock 2033
Sovereign Bonds | -4% ₹241 Cr 23,432,280 HDFC Bank Limited
Debentures | -4% ₹212 Cr 21,000 Power Grid Corporation Of India Limited
Debentures | -4% ₹203 Cr 20,000 Rural Electrification Corporation Limited
Debentures | -3% ₹157 Cr 15,500 Rural Electrification Corporation Limited
Debentures | -3% ₹154 Cr 15,000 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 2023 was 6.9% , 2022 was 3.7% and 2021 was 3.6% . Aditya Birla Sun Life Banking & PSU Debt Fund
Growth Launch Date 9 May 08 NAV (23 Oct 24) ₹346.826 ↑ 0.15 (0.04 %) Net Assets (Cr) ₹9,437 on 15 Oct 24 Category Debt - Banking & PSU Debt AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.7 Sharpe Ratio 1.28 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.4% Effective Maturity 4 Years 9 Months 25 Days Modified Duration 3 Years 7 Months 2 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹11,025 30 Sep 21 ₹11,653 30 Sep 22 ₹11,974 30 Sep 23 ₹12,779 30 Sep 24 ₹13,803 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 23 Oct 24 Duration Returns 1 Month 0.5% 3 Month 2.2% 6 Month 4.4% 1 Year 8.3% 3 Year 5.9% 5 Year 6.6% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.9% 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% Fund Manager information for Aditya Birla Sun Life Banking & PSU Debt Fund
Name Since Tenure Kaustubh Gupta 29 Sep 09 15.01 Yr. Harshil Suvarnkar 22 Mar 21 3.53 Yr. Data below for Aditya Birla Sun Life Banking & PSU Debt Fund as on 15 Oct 24
Asset Allocation
Asset Class Value Cash 5.96% Debt 93.78% Other 0.26% Debt Sector Allocation
Sector Value Corporate 60.77% Government 35.81% Cash Equivalent 3.16% Credit Quality
Rating Value AA 1.17% AAA 98.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -8% ₹787 Cr 76,878,800
↓ -3,500,000 HDFC Bank Limited
Debentures | -4% ₹350 Cr 34,500 Power Finance Corporation Ltd.
Debentures | -3% ₹301 Cr 30,000 Power Finance Corp Ltd. 7.6%
Debentures | -3% ₹252 Cr 25,000 Small Industries Development Bank Of India
Debentures | -3% ₹244 Cr 24,500 7.18% Govt Stock 2037
Sovereign Bonds | -2% ₹210 Cr 20,446,000
↓ -500,000 National Housing Bank 7.78%
Debentures | -2% ₹200 Cr 20,000 REC Ltd. 7.71%
Debentures | -2% ₹196 Cr 19,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹196 Cr 19,500
↑ 2,500 Bajaj Finance Limited
Debentures | -2% ₹190 Cr 19,000
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