HDFC Banking & PSU Debt Fund Direct Growth

HDFC Banking & PSU Debt Fund Direct Growth

Debt

Direct

Banking & Psu

NAV as on 13-11-2024

₹ 22.68

Inception Returns

8%

/yr

About HDFC Banking & PSU Debt Fund Direct Growth

HDFC Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 26 March, 2014. The fund is managed by Anil Bamboli. This fund is suitable to keep your money safe.

Key Parameters

  1. HDFC Banking & PSU Debt Fund Direct Growth has ₹5809 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

HDFC Banking & PSU Debt Fund Direct Growth has given a CAGR return of 8.00% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.46%, 6.25% and 6.89% respectively.

Holdings

HDFC Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, Indian Railway Finance Corporation Limited, Small Industries Development Bank Of India, 7.26% Govt Stock 2033, Indian Railway Finance Corporation Limited

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 HDFC Banking & PSU Debt Fund Direct Growth

To generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
567 people have invested ₹ 29.1L in HDFC Banking & PSU Debt Fund Direct Growth in the last three months

HDFC Banking & PSU Debt Fund Direct Growth Overview

Expense ratio0.39%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹5809 Cr
Inception Date26 March, 2014
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
37.72%
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 (13-Nov-24)

Period
HDFC Banking & PSU Debt Fund Direct Growth
Banking and PSU Index
1M
0.5%
0.3%
3M
2.1%
1.6%
6M
4.4%
3.5%
1Y
8.5%
7.1%
3Y
6.2%
5.5%
5Y
6.9%
6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
98%

AA
2%

Sector Allocation

Sep'24

Aug'24

Jul'24

Corporate
52.2%
Government
44.7%
Cash Equivalent
3.2%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 5.9K Cr
₹ 5.9K Cr
₹ 6K Cr
  • AUM of the fund stands at 5.9K Cr as of Sep'24
  • AUM decreased by 46.9 Cr between Sep'24 and Aug'24
Cash allocation has gone down from 3.7% to 3.2%
Cash allocation has gone down from 3.7% to 3.2%
Debt allocation has gone up from 96% to 96.5%
Debt allocation has gone up from 96% to 96.5%

Top 2 Sectors in September were Corporate, Government

Sep'24
Corporate
52%
Government
45%
Aug'24
Corporate
51%
Government
46%
  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
5.18%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
4.78%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
3.87%
0%
7.26% Govt Stock 2033
7.26% Govt Stock 2033
3.79%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
3.49%
0%
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Anil Bamboli
Anil Bamboli
Fund Manager of HDFC Banking & PSU Debt Fund Direct Growth, since 26 March 2014
Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹7.87L Cr
as on 30-Sep-2024
Address
HDFC Asset Management Company Limited,“HUL House”, 2nd Floor,,H.T. Parekh Marg,165-166, Backbay Reclamation,,Churchgate,
Phone
+912266316333
Website
cliser@hdfcfund.com

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 6.4% drop in AUM moving from 6.20K Cr to 5.80K Cr.
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In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 8.33% return, outperforming this fund by 2.09% per annum.
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In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.45% return, outperforming this fund by 0.56% per annum.
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In the last 1 year, DSP Banking & PSU Debt Fund Direct Growth has given 9.29% return, outperforming this fund by 0.83%.
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This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.39% which is lower than the category average expense ratio of 0.55%.

HDFC 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 8% since inception which is more than its category average return of 5.78%
AUM size ₹5809 Cr

AUM size ₹5809 Cr

This fund has AUM of ₹5809 Cr which is more than its category average of ₹ 3569 Cr
Expense Ratio 0.39%

Expense Ratio 0.39%

This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.49%

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

The current NAV of HDFC Banking & PSU Debt Fund Direct Growth is ₹22.68 as on 13-Nov-2024.
Existing (Absolute + CAGR) as on 13-Nov-2024.
HDFC Banking & PSU Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.47%
0.47%
6 Month Returns
4.43%
4.43%
1 Year Returns
8.46%
8.46%
3 Years Returns
19.93%
6.25%
5 Years Returns
39.53%
6.89%
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.
0.39% as on October 2024
₹5809 Cr as on October 2024
7.18% Govt Stock 2033(5.18%), Indian Railway Finance Corporation Limited(4.78%), Small Industries Development Bank Of India(3.87%), 7.26% Govt Stock 2033(3.79%), Indian Railway Finance Corporation Limited(3.49%) as on October 2024
Corporate(51.48%), Government(44.24%), Cash Equivalent(4.28%) as on October 2024
Yield to Maturity is 7.42 as on October 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 3.66 as on October 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
97.97
AA
2.03
Anil Bamboli is the fund manager of HDFC Banking & PSU Debt Fund Direct Growth
The Exit load of HDFC Banking & PSU Debt Fund Direct Growth is 0%