Bandhan Banking & PSU Debt Fund Direct Growth

Bandhan Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 7 March, 2013. The fund is managed by Suyash Choudhary, Gautam Kaul. This fund is suitable to keep your money safe.

1. Bandhan Banking & PSU Debt Fund Direct Growth has ₹13560 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.3.
   

Bandhan Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.32%, 7.56% and 6.66% respectively.

Bandhan Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, 7.1% Govt Stock 2034, HDFC Bank Limited, National Bank For Agriculture And Rural Development, Punjab National Bank

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

The Scheme seeks to generate returns through investments in debt and money market instruments predominantly issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs).

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Banking & PSU Debt Fund Direct Growth has no lock in period.