Edelweiss Banking and PSU Debt Fund Direct Plan Growth

About Edelweiss Banking and PSU Debt Fund

Edelweiss Banking and PSU Debt Fund is an open-ended debt scheme that primarily invests in debt instruments of banks, public sector undertakings (PSUs), public finance institutions (PFI), and municipal bonds. The fund scheme is suitable for conservative investors and can be thought of as an alternative to traditional instruments.

Pros and Cons of Edelweiss Banking and PSU Debt Fund

The fund includes zero exit load. The risk adjusted returns of the fund are higher as compared to the other funds in the category. The previous data states that the one-year, three-year, and five-year returns are higher than the category average returns. On the other hand, the assets under management (AUM) is less than Rs.500 crore making it crucial for the investors to watch out for the expense ratio.

Fund Information and Statistics

i) Inception/Launch Date The scheme was incepted on 26 August 2013.

ii) Risk Level The risk appetite of Edelweiss Banking and PSU Debt Fund is moderate. The fund focuses on generating returns with lower credit risk. About 80% of the investments are allotted towards CDs and bonds of banks, PSUs, and PFI. The remaining investments are made towards NBFCs, HFCs, PTCs, and bonds offered by Central and state governments.

iii) Redemption The fund does not come with a set lock-in period. Redeeming or switching-out the units are less expensive as exit load is also not charged.

iv) Fund Manager Mr Gautam Kaul and Mr Dhawal Dalal are the current Fund Managers for Edelweiss Banking and PSU Debt Fund.

v) Entry/Exit Load As per the norms set by SEBi, entry load is not chargeable while purchasing mutual fund units. Similarly, the fund house has nullified the exit load when you redeem the fund units.

About Edelweiss Asset Management Limited

Edelweiss Asset Management Limited was incorporated on 23 August 2007. The AMC registered itself with SEBI on 30 April 2008. The sponsor for the SMC is Edelweiss Financial Services Limited, while the trustee is Edelweiss Trusteeship Company Limited. The company has an average asset under management (AAUM) worth Rs.23, 614.37 crore as on 30 June 2020.