Edelweiss Banking and PSU Debt Fund Direct Plan Growth
Net Asset Value
AUM (Fund size)
0% in 0 days
|Housing and Urban Development Corporation Limited||8.55%|
|Indian Railway Finance Corporation Limited||8.13%|
|National Bank For Agriculture and Rural Development||7.27%|
|Indian Oil Corporation Limited||6.94%|
|6.79% Govt Stock 2029||5.71%|
|Food Corporation of India Limited||5.53%|
|Rural Electrification Corporation Limited||4.57%|
|Hindustan Petroleum Corporation Limited||4.51%|
|Power Finance Corporation Limited||3.42%|
About Edelweiss Asset Management Limited
Edelweiss Mutual Fund was set-up in 2008 and is part of Edelweiss Financial Services Limited (EFSL), one of India's leading diversified financial services companies
|Dhawal Dalal, Rahul Dedhia|
Standard Chartered Bank
Edelweiss House, Off C.S.T. Road, Kalina
+91 22 40979968
+91 22 40979900
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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.
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Frequently Asked Questions
What are debt-funds?
Debt funds is an investment vehicle that mainly invest in fixed income securities like corporate bonds, treasury bills, government securities and other money market instruments.
Who should invest in a debt fund?
Debt funds are ideal for investors who want regular income, but are risk-averse. Debt funds are less volatile and, hence, are less risky than equity funds.
What are liquid funds?
Liquid funds is a type of mutual funds which have a very short maturity period, not more than 91 days. The shorter maturity period, makes it almost a risk-free investment.You can get your money out of liquid funds any time without any penalty or cost.
What is a lock-in period?
It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options. Lock-in period is calculated from the date of investment. Meaning SIPs will have different lock-in dates
Is KYC necessary for BLACK?
KYC is necessary for all fund houses. If you are investing through BLACK, you need to do your KYC just once. The same KYC will be used for all further investments.
What is a Mandate (Auto-SIP)?
A Mandate is a one-time registration through which you instruct your bank account to deduct a specified amount of money from your account daily towards investing into a SIP portfolio. Once you register for Mandate, you don’t have to follow the payment process every time you invest in the SIP.