Bandhan Banking & PSU Debt Fund Direct-IDCW Fortni...
(Scheme Rating)
NAV as of Aug 29, 2024
10.460.02%
- IDCW Fortnightly - Direct
(Earn upto 0.30% Extra Returns with Direct Plan)
Fund Category:
Debt: Banking and PSU
Expense Ratio:
0.33%(0.32% Category
average)Fund Size:
Rs. 14,211.17 Cr(17.97% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Bandhan Banking & PSU Debt Fund Direct-IDCW Fortnightly
(Scheme Rating)
NAV as of Aug 29, 2024
10.460.02%
Expense Ratio:
0.33%
Fund Size:
Rs. 14,211.17 Cr
Fund Category:
Debt: Banking and PSU
1. Current NAV: The Current Net Asset Value of the Bandhan Banking & PSU Debt Fund - Direct Plan as of Aug 29, 2024 is Rs 10.46 for IDCW Fortnightly option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.6% (1yr), 5.73% (3yr), 6.78% (5yr) and 7.78% (since launch). Whereas, Category returns for the same time duration are: 7.46% (1yr), 5.44% (3yr) and 6.26% (5yr).
3. Fund Size: The Bandhan Banking & PSU Debt Fund - Direct Plan currently holds Assets under Management worth of Rs 14211.17 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.33% for Direct plan as on Aug 19, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
Bandhan Banking & PSU Debt Fund Direct-IDCW Fortnightly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.69 2.16 3.99 7.60 5.73 6.81 Category Avg 0.67 2.12 3.85 7.45 5.44 6.28 Rank within Category 13 17 15 18 12 8 No. of funds within Category 22 22 22 21 20 16 - Loading...
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Return Comparison
- This Fund
- BenchmarkEdelweiss Banking and PSU Debt Direct-IDCWF
Choose from Benchmarks
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- Nifty 50
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Bandhan Banking & PSU Debt Fund Direct-IDCW Fortnightly Fund Details
Investment Objective - To achieve optimal returns by investing in money market and debt instruments issued by scheduled commercial banks.
Fund House | Bandhan Mutual Fund |
Launch Date | Mar 07, 2013 |
Benchmark | Nifty Banking & PSU Debt Index A-II |
Return Since Launch | 7.78% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | Below Average |
Return Grade | Average |
Bandhan Banking & PSU Debt Fund Direct-IDCW Fortnightly Investment Details
Minimum Investment (Rs.) | 1,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 2.38 | 4.4 | 1.89 | 3.115 |
Average Maturity(Yrs) | 3.0 | 5.77 | 2.21 | 3.95 |
Yield to Maturity(%) | 7.44 | 7.69 | 7.31 | 7.375 |
Avg Credit Rating | Average | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 19.84 | 15.50 |
Low Risk | 75.18 | 79.03 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 4.98 | 5.48 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 19.83 | 15.49 |
CD | 12.07 | 6.04 |
T-Bills | - | - |
CP | - | - |
NCD & Bonds | 63.11 | 73.00 |
PTC | - | - |
Cash & Others | 4.99 | 5.48 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
GOI | Long-term Debt | Sovereign | SOV | 13,745.12 | 9.67 | - |
National Bank For Agriculture & Rural Development | Long-term Debt | Financial | AAA | 7,989.21 | 5.62 | - |
HDFC Bank Ltd | Long-term Debt | Financial | AAA | 7,416.11 | 5.22 | - |
7.4% Indian Railway Finance Corporation Ltd 18/04/2026 | Long-term Debt | Financial | AAA | 7,236.48 | 5.09 | 7,25,00,000 |
GOI | Long-term Debt | Sovereign | SOV | 5,821.66 | 4.10 | - |
7.51% Indian Railway Finance Corporation Ltd 15/04/2026 | Long-term Debt | Financial | AAA | 5,649.13 | 3.98 | 5,65,00,000 |
7.74% Hindustan Petroleum Corporation Ltd 02/03/2028 | Long-term Debt | Energy | AAA | 4,340.39 | 3.05 | 4,30,00,000 |
National Housing Bank | Long-term Debt | Financial | AAA | 4,010.34 | 2.82 | - |
REC Ltd | Long-term Debt | Financial | AAA | 3,945.64 | 2.78 | - |
HDFC Bank Ltd | Long-term Debt | Financial | AAA | 3,736.09 | 2.63 | - |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Bandhan Banking & PSU Debt Fund Direct-IDCW Fortnightly 10.46 14,211.17 0.67 7.54 5.71 6.79 Edelweiss Banking and PSU Debt Fund Direct-IDCW Fortnightly 14.53 271.63 0.81 7.97 5.92 7.27
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
0.95VS1.34Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
1.90VS1.97Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
-0.01VS0.08Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
-0.00VS-0.05Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
3.87VS4.13Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.53VS5.65Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Bandhan Mutual Fund News
Fund Manager
- S.C.Suyash ChoudharySince Jul 20212 schemes
- G.K.Gautam KaulSince Dec 20210 schemes
Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta. Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Bond Fund Medium Term Plan Direct-IDCW Fortnightly Medium Duration 10.26 1,522.87 8.25 Bandhan Bond Fund Short Term Plan Direct-IDCW Fortnightly Short Duration 10.37 8,726.14 8.29 Mr. Kaul is a B.Com (H) and MBA (Finance). Prior to joining Bandhan Mutual Fund(formerly IDFC Mutual Fund), he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.
No schemes for the Fund Manager
More Bandhan Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Bandhan Liquid Fund Direct Plan-Growth | 16,934.43 | 0.60 | 1.85 | 3.61 | 7.32 | 5.39 | |
Bandhan Banking & PSU Debt Fund Direct-Growth | 14,375.16 | 0.74 | 2.12 | 3.59 | 7.80 | 5.53 | |
Bandhan Corporate Bond Fund Direct-Growth | 13,744.12 | 0.62 | 1.80 | 3.48 | 7.53 | 5.42 | |
Bandhan Bond Fund Short Term Plan Direct-Growth | 8,536.99 | 0.75 | 2.39 | 4.11 | 8.15 | 5.54 | |
Bandhan Sterling Value Fund Direct Plan-Growth | 8,448.81 | 1.86 | 11.77 | 16.98 | 45.19 | 27.50 | |
Bandhan CRISIL IBX Gilt June 2027 Index Fund Direct - Growth | 8,316.98 | 0.73 | 2.35 | 4.11 | 8.28 | - | |
Bandhan Flexi Cap Fund Direct-Growth | 6,754.18 | 2.37 | 6.90 | 12.38 | 34.64 | 16.43 | |
Bandhan ELSS Tax Saver Fund Direct Plan-Growth | 6,139.72 | 1.79 | 9.30 | 13.67 | 40.32 | 22.79 | |
Bandhan Arbitrage Fund Direct-Growth | 5,767.97 | 0.66 | 2.26 | 4.04 | 8.25 | 6.05 | |
Bandhan Low Duration Fund Direct-Growth | 5,283.81 | 0.67 | 1.89 | 3.53 | 7.54 | 5.43 |
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1. Bandhan Banking & PSU Debt Fund - Direct Plan is Open-ended Banking and PSU Debt scheme which belongs to Bandhan Mutual Fund House.
2. The fund was launched on Mar 07, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " To achieve optimal returns by investing in money market and debt instruments issued by scheduled commercial banks. "
2. It is benchmarked against Nifty Banking & PSU Debt Index A-II.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Bandhan Banking & PSU Debt Fund - Direct Plan is 3.0 years and Duration is 2.38 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Bandhan Banking & PSU Debt Fund Direct-IDCW Fortnightly
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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- Bandhan Banking & PSU Debt Fund Direct-IDCW
FAQs about Bandhan Banking & PSU Debt Fund Direct-IDCW Fortnightly
- Is it safe to invest in Bandhan Banking & PSU Debt Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bandhan Banking & PSU Debt Fund - Direct Plan comes under Moderate risk category.
- What is the category of Bandhan Banking & PSU Debt Fund - Direct Plan?Bandhan Banking & PSU Debt Fund - Direct Plan belongs to the Debt : Banking and PSU category of funds.
- How Long should I Invest in Bandhan Banking & PSU Debt Fund - Direct Plan?The suggested investment horizon of investing into Bandhan Banking & PSU Debt Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Bandhan Banking & PSU Debt Fund - Direct Plan?The Bandhan Banking & PSU Debt Fund - Direct Plan is managed by Suyash Choudhary (Since Jul 27, 2021) and Gautam Kaul (Since Dec 01, 2021).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.