Bajaj Finserv Banking and PSU Fund Direct Growth

Debt
Direct
Banking & Psu
Bajaj Finserv Banking and PSU Fund Direct Growth

About the Fund

Bajaj Finserv Banking and PSU Fund Direct Growth is a debt fund. This fund was started on 15 November, 2023. The fund is managed by . This fund is suitable to keep your money safe.

Key Parameters

  1. Bajaj Finserv Banking and PSU Fund Direct Growth has ₹97 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Bajaj Finserv Banking and PSU Fund Direct Growth has given a CAGR return of 5.34% since inception.

Holdings

Bajaj Finserv Banking and PSU Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are Rural Electrification Corporation Limited, Indian Railway Finance Corporation Limited, 7.37% Govt Stock 2028, Small Industries Development Bank Of India, National Housing Bank

Taxation

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:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Bajaj Finserv Banking and PSU Fund Direct Growth

To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and / or any security unconditionally guaranteed by the Govt. of India. There is no assurance that or guarantee that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. Bajaj Finserv Banking and PSU Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
78 people have invested ₹ 2.1L in Bajaj Finserv Banking and PSU Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.34%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹97 Cr
Inception Date15 November, 2023
Min Lumpsum/SIP₹1000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Government
53%
Corporate
41.9%
Cash Equivalent
5.1%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
10.31%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
10.31%
0%
7.37% Govt Stock 2028
7.37% Govt Stock 2028
10.05%
-50%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
9.98%
0%
National Housing Bank
National Housing Bank
9.93%
0%

Bajaj Finserv Banking and PSU Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered returns of 5.34% since inception (15nd Nov 2023)
AUM size ₹97 Cr

AUM size ₹97 Cr

This fund has AUM of ₹97 Cr which is less than its category average of ₹ 3620 Cr
Expense Ratio 0.34%

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions

The current NAV of Bajaj Finserv Banking and PSU Fund Direct Growth is ₹10.55 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Bajaj Finserv Banking and PSU Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.76%
0.76%
6 Month Returns
4.03%
4.03%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.34% as on June 2024
₹97 Cr as on June 2024
Rural Electrification Corporation Limited(10.31%), Indian Railway Finance Corporation Limited(10.31%), 7.37% Govt Stock 2028(10.05%), Small Industries Development Bank Of India(9.98%), National Housing Bank(9.93%) as on June 2024
Government(54.72%), Corporate(40.32%), Cash Equivalent(4.96%) as on June 2024
Yield to Maturity is 7.48 as on June 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.7 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
The Exit load of Bajaj Finserv Banking and PSU Fund Direct Growth is 0%