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Top 5 Best Banking and PSU Debt Funds 2022 - Fincash

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Top 5 Best Banking and PSU Debt Funds 2022

Updated on November 30, 2022 , 18800 views

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 2022 - 2023.

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Banking-PSU-Funds

Top Performing Banking and PSU Debt Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2021 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
UTI Banking & PSU Debt Fund Growth ₹18.2148
↓ -0.01
₹5190.83.610.27.22.87.47%3Y 5M 16D4Y 3M 11D
HDFC Banking and PSU Debt Fund Growth ₹19.0296
↑ 0.00
₹4,9441.22.735.73.77.24%1Y 4M 24D2Y 5M 14D
ICICI Prudential Banking and PSU Debt Fund Growth ₹26.9888
↓ 0.00
₹7,5421.53.33.85.94.27.19%1Y 7M 10D6Y 3M 4D
Kotak Banking and PSU Debt fund Growth ₹54.1163
↑ 0.00
₹6,4461.53.33.55.93.97.5%1Y 11M 26D5Y 6M 25D
Aditya Birla Sun Life Banking & PSU Debt Fund Growth ₹303.261
↑ 0.04
₹8,2341.22.83.45.93.67.46%1Y 11M 16D3Y 7D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Dec 22

Top 5 Best Performing Banking and PSU Debt Funds

1. UTI Banking & PSU Debt Fund

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 CAGR/Annualized return of 7% since its launch.  Ranked 3 in Banking & PSU Debt category.  Return for 2021 was 2.8% , 2020 was 8.9% and 2019 was -1% .

Below is the key information for UTI Banking & PSU Debt Fund

UTI Banking & PSU Debt Fund
Growth
Launch Date 3 Feb 14
NAV (02 Dec 22) ₹18.2148 ↓ -0.01   (-0.03 %)
Net Assets (Cr) ₹519 on 31 Oct 22
Category Debt - Banking & PSU Debt
AMC UTI Asset Management Company Ltd
Rating
Risk Moderate
Expense Ratio 0.31
Sharpe Ratio 0.85
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.47%
Effective Maturity 4 Years 3 Months 11 Days
Modified Duration 3 Years 5 Months 16 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,562
30 Nov 19₹10,548
30 Nov 20₹11,487
30 Nov 21₹11,808
30 Nov 22₹13,008

UTI Banking & PSU Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for UTI Banking & PSU Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 1%
3 Month 0.8%
6 Month 3.6%
1 Year 10.2%
3 Year 7.2%
5 Year 5.4%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
2021 2.8%
2020 8.9%
2019 -1%
2018 6.8%
2017 6.4%
2016 11.7%
2015 8.6%
2014
2013
2012
Fund Manager information for UTI Banking & PSU Debt Fund
NameSinceTenure
Anurag Mittal1 Dec 210.92 Yr.

Data below for UTI Banking & PSU Debt Fund as on 31 Oct 22

Asset Allocation
Asset ClassValue
Cash4.23%
Debt95.77%
Debt Sector Allocation
SectorValue
Government48.61%
Corporate47.15%
Cash Equivalent4.23%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.38% Govt Stock 2027
Sovereign Bonds | -
22%₹115 Cr1,150,000,000
↓ -100,000,000
National Housing Bank
Debentures | -
8%₹40 Cr400
Power Finance Corporation Ltd.
Debentures | -
7%₹35 Cr350
Axis Bank Limited
Debentures | -
6%₹30 Cr300
National Bank For Agriculture And Rural Development
Debentures | -
5%₹26 Cr250
Export Import Bank Of India
Debentures | -
5%₹25 Cr250
Indian Railway Finance Corporation Limited
Debentures | -
5%₹25 Cr250
Small Industries Development Bank Of India
Debentures | -
5%₹25 Cr250
Rec Limited
Debentures | -
5%₹25 Cr250
ICICI Bank Limited
Debentures | -
5%₹23 Cr250

2. HDFC Banking and PSU Debt Fund

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 CAGR/Annualized return of 7.7% since its launch.  Ranked 6 in Banking & PSU Debt category.  Return for 2021 was 3.7% , 2020 was 10.6% and 2019 was 10.2% .

Below is the key information for HDFC Banking and PSU Debt Fund

HDFC Banking and PSU Debt Fund
Growth
Launch Date 26 Mar 14
NAV (02 Dec 22) ₹19.0296 ↑ 0.00   (0.01 %)
Net Assets (Cr) ₹4,944 on 31 Oct 22
Category Debt - Banking & PSU Debt
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately Low
Expense Ratio 0.81
Sharpe Ratio -1.63
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 300
Exit Load NIL
Yield to Maturity 7.24%
Effective Maturity 2 Years 5 Months 14 Days
Modified Duration 1 Year 4 Months 24 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,449
30 Nov 19₹11,616
30 Nov 20₹12,804
30 Nov 21₹13,313
30 Nov 22₹13,713

HDFC Banking and PSU Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for HDFC Banking and PSU Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.7%
3 Month 1.2%
6 Month 2.7%
1 Year 3%
3 Year 5.7%
5 Year 6.5%
10 Year
15 Year
Since launch 7.7%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3.7%
2020 10.6%
2019 10.2%
2018 5.9%
2017 6.3%
2016 10.8%
2015 9.8%
2014
2013
2012
Fund Manager information for HDFC Banking and PSU Debt Fund
NameSinceTenure
Anil Bamboli26 Mar 148.61 Yr.
Priya Ranjan1 May 220.5 Yr.

Data below for HDFC Banking and PSU Debt Fund as on 31 Oct 22

Asset Allocation
Asset ClassValue
Cash25.14%
Debt74.86%
Debt Sector Allocation
SectorValue
Government50.46%
Corporate36.26%
Cash Equivalent13.28%
Credit Quality
RatingValue
AA2.36%
AAA97.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
4.93% Govt Stock 2028
Sovereign Bonds | -
6%₹275 Cr28,000,000
National Bank For Agriculture And Rural Development
Debentures | -
5%₹271 Cr2,700
Power Finance Corporation Ltd.
Debentures | -
4%₹174 Cr1,750
6.79% Govt Stock 2027
Sovereign Bonds | -
3%₹141 Cr14,500,000
Housing And Urban Development Corporation Limited
Debentures | -
3%₹130 Cr1,250
State Bank Of India
Debentures | -
3%₹126 Cr1,250
State Bank Of India
Debentures | -
3%₹124 Cr1,300
Mahanagar Telephone Nigam Limited.
Debentures | -
2%₹102 Cr1,000
Hindustan Petroleum Corporation Limited
Debentures | -
2%₹100 Cr1,000
Indian Oil Corporation Limited
Debentures | -
2%₹100 Cr1,000

3. ICICI Prudential Banking and PSU Debt Fund

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 CAGR/Annualized return of 8% since its launch.  Ranked 13 in Banking & PSU Debt category.  Return for 2021 was 4.2% , 2020 was 9.3% and 2019 was 10.1% .

Below is the key information for ICICI Prudential Banking and PSU Debt Fund

ICICI Prudential Banking and PSU Debt Fund
Growth
Launch Date 1 Jan 10
NAV (02 Dec 22) ₹26.9888 ↓ 0.00   (-0.01 %)
Net Assets (Cr) ₹7,542 on 15 Nov 22
Category Debt - Banking & PSU Debt
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.8
Sharpe Ratio -0.62
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.19%
Effective Maturity 6 Years 3 Months 4 Days
Modified Duration 1 Year 7 Months 10 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,468
30 Nov 19₹11,546
30 Nov 20₹12,634
30 Nov 21₹13,232
30 Nov 22₹13,735

ICICI Prudential Banking and PSU Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for ICICI Prudential Banking and PSU Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.6%
3 Month 1.5%
6 Month 3.3%
1 Year 3.8%
3 Year 5.9%
5 Year 6.6%
10 Year
15 Year
Since launch 8%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 8.9%
Fund Manager information for ICICI Prudential Banking and PSU Debt Fund
NameSinceTenure
Rahul Goswami27 Sep 1210.1 Yr.
Chandni Gupta15 Jan 157.8 Yr.

Data below for ICICI Prudential Banking and PSU Debt Fund as on 15 Nov 22

Asset Allocation
Asset ClassValue
Cash33.34%
Debt66.66%
Debt Sector Allocation
SectorValue
Government42.53%
Corporate40.04%
Cash Equivalent17.43%
Credit Quality
RatingValue
AA9.88%
AAA90.12%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.42% Govt Stock 2033
Sovereign Bonds | -
21%₹1,602 Cr160,684,470
Small Industries Development Bank Of India
Debentures | -
8%₹603 Cr6,100
5.38% Govt Stock 2034
Sovereign Bonds | -
8%₹579 Cr58,936,820
ICICI Bank Limited
Debentures | -
5%₹403 Cr4,008
Rec Limited
Debentures | -
4%₹330 Cr3,300
Bharat Sanchar Nigam Limited
Debentures | -
3%₹240 Cr2,540
Chennai Petroleum Corporation Ltd.
Debentures | -
3%₹229 Cr2,300
Axis Bank Ltd.
Debentures | -
2%₹140 Cr3,000
↑ 3,000
State Bank Of India
Debentures | -
2%₹134 Cr1,319
Mahanagar Telephone Nigam Limited.
Debentures | -
2%₹124 Cr1,301

4. Kotak Banking and PSU Debt fund

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 CAGR/Annualized return of since its launch.  Ranked 19 in Banking & PSU Debt category.  Return for 2021 was 3.9% , 2020 was 10.5% and 2019 was 10.8% .

Below is the key information for Kotak Banking and PSU Debt fund

Kotak Banking and PSU Debt fund
Growth
Launch Date 29 Dec 98
NAV (02 Dec 22) ₹54.1163 ↑ 0.00   (0.01 %)
Net Assets (Cr) ₹6,446 on 15 Nov 22
Category Debt - Banking & PSU Debt
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.59
Sharpe Ratio -1.3
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.5%
Effective Maturity 5 Years 6 Months 25 Days
Modified Duration 1 Year 11 Months 26 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,562
30 Nov 19₹11,808
30 Nov 20₹13,021
30 Nov 21₹13,544
30 Nov 22₹14,025

Kotak Banking and PSU Debt fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for Kotak Banking and PSU Debt fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.9%
3 Month 1.5%
6 Month 3.3%
1 Year 3.5%
3 Year 5.9%
5 Year 7%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 7.6%
Fund Manager information for Kotak Banking and PSU Debt fund
NameSinceTenure
Deepak Agrawal15 Apr 0814.56 Yr.
Abhishek Bisen1 Nov 220 Yr.
Vihag Mishra1 Mar 220.67 Yr.

Data below for Kotak Banking and PSU Debt fund as on 15 Nov 22

Asset Allocation
Asset ClassValue
Cash29.26%
Debt70.74%
Debt Sector Allocation
SectorValue
Government50.45%
Corporate39.89%
Cash Equivalent9.66%
Credit Quality
RatingValue
AA8.83%
AAA91.17%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.42% Govt Stock 2033
Sovereign Bonds | -
14%₹867 Cr86,940,613
National Bank For Agriculture And Rural Development
Debentures | -
5%₹333 Cr3,500
182 DTB 23032023
Sovereign Bonds | -
3%₹212 Cr21,828,860
State Bank Of India
Debentures | -
3%₹192 Cr1,900
6.42% Govt Stock 2031
Sovereign Bonds | -
3%₹190 Cr19,000,000
Rural Electrification Corporation Limited
Debentures | -
3%₹161 Cr1,600
National Bank For Agriculture And Rural Development
Debentures | -
3%₹161 Cr1,650
Bank Of Baroda
Debentures | -
2%₹156 Cr1,550
Hindustan Petroleum Corporation Limited
Debentures | -
2%₹150 Cr1,500
Power Finance Corporation Ltd.
Debentures | -
2%₹148 Cr1,500

5. Aditya Birla Sun Life Banking & PSU Debt Fund

(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 CAGR/Annualized return of 7.9% since its launch.  Ranked 9 in Banking & PSU Debt category.  Return for 2021 was 3.6% , 2020 was 10.9% and 2019 was 9.9% .

Below is the key information for Aditya Birla Sun Life Banking & PSU Debt Fund

Aditya Birla Sun Life Banking & PSU Debt Fund
Growth
Launch Date 9 May 08
NAV (02 Dec 22) ₹303.261 ↑ 0.04   (0.01 %)
Net Assets (Cr) ₹8,234 on 31 Oct 22
Category Debt - Banking & PSU Debt
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderate
Expense Ratio 0.68
Sharpe Ratio -1.36
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.46%
Effective Maturity 3 Years 7 Days
Modified Duration 1 Year 11 Months 16 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,551
30 Nov 19₹11,705
30 Nov 20₹12,954
30 Nov 21₹13,438
30 Nov 22₹13,891

Aditya Birla Sun Life Banking & PSU Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Aditya Birla Sun Life Banking & PSU Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.7%
3 Month 1.2%
6 Month 2.8%
1 Year 3.4%
3 Year 5.9%
5 Year 6.8%
10 Year
15 Year
Since launch 7.9%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 9.9%
Fund Manager information for Aditya Birla Sun Life Banking & PSU Debt Fund
NameSinceTenure
Kaustubh Gupta29 Sep 0913.1 Yr.
Harshil Suvarnkar22 Mar 211.61 Yr.

Data below for Aditya Birla Sun Life Banking & PSU Debt Fund as on 31 Oct 22

Asset Allocation
Asset ClassValue
Cash27.52%
Debt72.48%
Debt Sector Allocation
SectorValue
Government48.66%
Corporate43.54%
Cash Equivalent7.8%
Credit Quality
RatingValue
AA6.32%
AAA93.68%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing And Urban Development Corporation Limited
Debentures | -
3%₹272 Cr2,750
Axis Bank Limited
Debentures | -
2%₹150 Cr1,500
↓ -550
Power Finance Corporation Ltd.
Debentures | -
2%₹150 Cr1,505
Housing And Urban Development Corporation Limited
Debentures | -
2%₹143 Cr1,450
Power Finance Corporation Ltd.
Debentures | -
2%₹141 Cr1,420
5.22% Govt Stock 2025
Sovereign Bonds | -
2%₹137 Cr14,379,800
Hdb Financial Services Limited
Debentures | -
2%₹134 Cr1,350
State Bank Of India
Debentures | -
2%₹127 Cr1,350
Power Finance Corporation Ltd.
Debentures | -
2%₹123 Cr1,240
Bank Of Baroda
Debentures | -
2%₹123 Cr1,250

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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