Bandhan Banking & PSU Debt Fund Direct Growth

Bandhan Banking & PSU Debt Fund Direct Growth

Debt

Direct

Banking & Psu

NAV as on 03-12-2024

₹ 24.15

0.1%

1D

Inception Returns

7.8%

/yr

About 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.

Key Parameters

  1. Bandhan Banking & PSU Debt Fund Direct Growth has ₹13429 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.

Returns

Bandhan Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.80% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.28%, 6.21% and 6.66% respectively.

Holdings

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, 7.17% Govt Stock 2030, Indian Railway Finance Corporation Limited, Indian Railway Finance Corporation Limited, National Bank For Agriculture And Rural Development

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 Bandhan Banking & PSU Debt Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
242 people have invested ₹ 41.4L in Bandhan Banking & PSU Debt Fund Direct Growth in the last three months

Bandhan Banking & PSU Debt Fund Direct Growth Overview

Expense ratio0.33%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹13429 Cr
Inception Date7 March, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
125.66%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (03-Dec-24)

Period
Bandhan Banking & PSU Debt Fund Direct Growth
Banking and PSU Index
1M
0.7%
0.6%
3M
2%
1.7%
6M
4.2%
3.7%
1Y
8.3%
7.7%
3Y
6.2%
5.6%
5Y
6.7%
6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Government
49.7%
Corporate
31.6%
Cash Equivalent
18.8%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 13.6K Cr
₹ 13.6K Cr
₹ 13.9K Cr
  • AUM of the fund stands at 13.6K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Cash allocation has gone up from 14.3% to 18.7%
Cash allocation has gone up from 14.3% to 18.7%
Debt allocation has gone down from 85.4% to 81%
Debt allocation has gone down from 85.4% to 81%

Top 2 Sectors in October were Corporate, Government

Oct'24
Government
50%
Corporate
32%
Sep'24
Corporate
49%
Government
45%
  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
14.77%
13%
7.17% Govt Stock 2030
7.17% Govt Stock 2030
8.88%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
5.38%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
4.2%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
3.67%
25.3%
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Suyash Choudhary
Suyash Choudhary
Fund Manager of Bandhan Banking & PSU Debt Fund Direct Growth, since 28 July 2021
Gautam Kaul
Gautam Kaul
Fund Manager of Bandhan Banking & PSU Debt Fund Direct Growth, since 1 December 2021
Fund House
Bandhan Asset Management Company Limited
Total AUM
₹1.6L Cr
as on 31-Oct-2024
Address
Bandhan Asset Management Company Limited,6th Floor, 841, One World Center,Jupiter Mill, Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
022-66289999
Website
investormf@bandhanamc.com

Mutual Fund Insights

Insights icon
In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.4% return, outperforming this fund by 0.74% per annum.
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Over the last 1 year, this fund has increased expense ratio by 3.1% moving from 0.32 to 0.33.
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Over the last 3 months, this fund has experienced a 5.5% drop in AUM moving from 14.21K Cr to 13.42K Cr.
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In the last 1 year, DSP Banking & PSU Debt Fund Direct Growth has given 9.39% return, outperforming this fund by 1.11%.
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In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 8.42% return, outperforming this fund by 2.22% per annum.
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This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.33% which is lower than the category average expense ratio of 0.55%.
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This fund with AUM at ₹13429.06Cr is among the largest funds in the banking & psu category.

Bandhan Banking & PSU Debt 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 an average annual returns of 7.8% since inception which is more than its category average return of 5.85%
AUM size ₹13429 Cr

AUM size ₹13429 Cr

This fund has AUM of ₹13429 Cr which is more than its category average of ₹ 3593 Cr
Expense Ratio 0.33%

Expense Ratio 0.33%

This fund has an expense ratio of 0.33% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions for Bandhan Banking & PSU Debt Fund Direct Growth

The current NAV of Bandhan Banking & PSU Debt Fund Direct Growth is ₹24.15 as on 03-Dec-2024.
Existing (Absolute + CAGR) as on 03-Dec-2024.
Bandhan Banking & PSU Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.73%
0.73%
6 Month Returns
4.21%
4.21%
1 Year Returns
8.28%
8.28%
3 Years Returns
19.81%
6.21%
5 Years Returns
38.04%
6.66%
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.
0.33% as on November 2024
₹13429 Cr as on November 2024
7.18% Govt Stock 2033(14.77%), 7.17% Govt Stock 2030(8.88%), Indian Railway Finance Corporation Limited(5.38%), Indian Railway Finance Corporation Limited(4.2%), National Bank For Agriculture And Rural Development(3.67%) as on November 2024
Government(49.53%), Corporate(34.34%), Cash Equivalent(16.13%) as on November 2024
Yield to Maturity is 7.28 as on November 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 2.38 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Suyash Choudhary, Gautam Kaul are the fund managers of Bandhan Banking & PSU Debt Fund Direct Growth
The Exit load of Bandhan Banking & PSU Debt Fund Direct Growth is 0%