ITI Banking & PSU Debt Fund

(An open ended debt scheme predominately investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds Relatively High interest rate risk and relatively Low credit risk)

CATEGORY OF SCHEME Banking and PSU Fund
INVESTMENT OBJECTIVE The investment objective of the Scheme is 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) and Municipal Bonds. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Inception Date (Date of Allotment): 22-Oct-20
Benchmark: CRISIL Banking and PSU Debt Index
Minimum Application Amount: Rs.5,000/- and in multiples of Rs. 1/- thereafter
Load Structure: Entry Load: Nil
Exit Load: Nil
Total Expense Ratio (TER):

Including Additional Expenses and Goods and Service Tax on Management Fees

Regular Plan: 0.70% Direct Plan: 0.15%
Fund Manager Mr. Vikrant Mehta (Since 18-Jan-21) Total Experience: 28 years

AUM (in Rs. Cr):
31.46
AAUM (in Rs. Cr):
34.86

Average Maturity:
1.38 Year
Macaulay Duration:
1.26 Year
Modified Duration:
1.19 Year
Yield to Maturity:
7.26%

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
11.2754
11.4430
IDCW
11.2754
11.4430

Name of Instrument
Ratings
Market Value (Rs. Lakhs)
% to NAV
Debt Instrument
Corporate Bond
Bharat Petroleum Corporation Limited
CRISIL AAA
351.29
11.17
Small Industries Dev Bank of India
CRISIL AAA
348.67
11.08
Power Finance Corporation Limited
CRISIL AAA
348.52
11.08
Hindustan Petroleum Corporation Limited
CRISIL AAA
347.18
11.04
REC Limited
CRISIL AAA
306.08
9.73
National Bank For Agriculture and Rural Development
ICRA AAA
296.09
9.41
Axis Bank Limited
CRISIL AAA
249.66
7.94
Government Bond
7.06% GOI (MD 10/04/2028)
SOVEREIGN
249.78
7.94
Reverse Repo/TREPS
Clearing Corporation of India Ltd
NA
607.78
19.32
Net Current Assets
NA
40.84
1.30
Total Net Assets
100.00

Period
Fund Returns (%)
Benchmark Returns (%)
Additional Benchmark Returns (%)
Benchmark (Rs)
Fund (Rs)
Additional Benchmark
Returns (Rs)
Regular - Growth
Last 1 Year
6.01%
7.27%
9.28%
10,601
10,727
10,928
Since Inception
4.57%
4.56%
3.00%
11,275
11,274
10,826
Direct - Growth
Last 1 Year
6.59%
7.27%
9.28%
10,659
10,727
10,928
Since Inception
5.14%
4.56%
3.00%
11,443
11,274
10,826

Past performance may or may not be sustained in future. Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Benchmark: CRISIL Banking and PSU Debt Index Additional Benchmark: CRISIL 10 Year Gilt Index. Fund Manager: Mr. Vikrant Mehta from (Managing since January 18, 2021). Inception date of the scheme (22-Oct-20). Face Value per unit: Rs. 10.

THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING^

  • Regular income over short to medium term
  • Investments in debt and money market instruments, consisting predominantly of securities issued by Banks, Public Sector undertakings, Public Financial Institutions & Municipal Bonds

^Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Riskometer of the Scheme
Riskometer of the Primary Benchmark
CRISIL Banking and PSU Debt Index

Face Value per Unit: Rs. 10 unless otherwise specified Data is as of June 30, 2023 unless otherwise specified

Mutual Fund investments are subject to market risks, read all scheme related documents carefully