IDFC Banking & PSU Debt Fund Regular Growth
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- Fund Summary
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- Related funds
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|Fund Type||Banking & PSU|
More about this fund
|National Bank For Agriculture and Rural Development||6.64%|
|Axis Bank Limited||5.77%|
|Indian Railway Finance Corporation Limited||3.82%|
|Hindustan Petroleum Corporation Limited||2.92%|
|ICICI Bank Limited||2.74%|
|National Housing Bank||2.64%|
|National Highways Authority of India||2.64%|
|Hindustan Petroleum Corporation Limited||2.43%|
|Reliance Industries Limited||2%|
|Indian Railway Finance Corporation Limited||1.51%|
About IDFC Banking and PSU Debt Fund
Being an open-ended debt fund, the scheme seeks to generate optimal returns by investing in debt and money market instruments of public sector undertakings, public financial institution and banks.
Pros and Cons of IDFC Banking and PSU Debt Fund
This scheme is suitable for investors seeking: 1. Generate income over short to medium term. 2. The fund invests predominantly in debt and money market instruments issued by Banks & PFI and PSU.
Fund Information and Statistics of IDFC Banking and PSU Debt Fund
i) Inception / Launch date
The IDFC Banking and PSU Debt Fund was launched on 7 March 2013 by IDFC Mutual Fund.
ii) Risk level
The NAV of the units issued under the schemes may get impacted by various factors affecting the capital markets due to which it may go up or down. The rate of returns of the schemes is not assured. The securities of the mutual fund are subject to market risks and there is no such assurance that the objective of the scheme will be achieved.
The redemption of the units can be done on all business days. The dispatch of redemption proceeds within 10 business days from the date of receipt of the redemption request.
iv) Fund Manager
Mr. Anurag Mittal is the fund manager of IDFC Banking and PSU Debt Fund since May 2017.
v) Entry / Exit load
The entry load for this scheme is NIL and the exit load is not applicable.
Tax benefits of investing in IDFC Banking and PSU Debt Fund
If the units are held for more than 36 months from the date of investment than it is subject to long term capital gains and are taxed at the rate of 20% with indexation. Units held for lesser period are subject to short term capital gains and are taxed as per the investor’s income slab.
About IDFC Mutual Fund
IDFC Mutual Fund is one of the largest fund houses in India. By investing in money market securities and fixed income the mutual fund seeks to generate stable returns with low risk strategy. For common man as it offers an opportunity to invest relatively in a low cost in professionally and diversified managed basket of securities, it is one of the most viable investment option.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns