| 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 A-II 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 |
| Fund Manager | Mr. Rajesh Bhatia (Since 14-Nov-2024) Total Experience: 31 years |
| *Benchmark of the scheme has been change from " CRISIL Banking and PSU Debt Index “ to " CRISIL Banking and PSU Debt A-II Index" w.e.f. 12th March 2024 |
|
| AUM (in Rs. Cr): | 30.22 |
| AAUM (in Rs. Cr): | 30.67 |
| Average Maturity: | 1.98 Years |
| Macaulay Duration: |
1.53 Years
|
| Modified Duration: |
1.47 Years
|
| Yield to Maturity: | 7.09% |
Regular Plan
(in Rs.) |
Direct Plan
(in Rs.) |
|
Growth |
12.4380 |
12.7226 |
IDCW |
12.4390 |
12.7229 |
| Name of Instrument | Ratings |
Market Value (Rs. Lakhs) |
% to NAV |
Debt Instrument |
|||
Certificate of Deposit |
|||
Kotak Mahindra Bank Limited |
CRISIL A1+ |
298.09 |
9.86 |
Canara Bank |
CRISIL A1+ |
274.74 |
9.09 |
Punjab National Bank |
CRISIL A1+ |
249.81 |
8.27 |
ICICI Bank Limited |
ICRA A1+ |
197.64 |
6.54 |
Small Industries Dev Bank of India |
CARE A1+ |
124.76 |
4.13 |
Corporate Bond |
|||
HDFC Bank Limited |
CRISIL AAA |
298.63 |
9.88 |
Power Grid Corporation of India Limited |
CRISIL AAA |
251.96 |
8.34 |
Bharat Petroleum Corporation Limited |
CRISIL AAA |
247.74 |
8.20 |
National Bank For Agriculture and Rural Development |
CRISIL AAA |
224.82 |
7.44 |
Corporate Debt Market Development Fund |
|||
Corporate Debt Market Development Fund Class A2 |
8.23 |
0.27 |
|
Government Bond |
|||
6.79% GOI (MD 07/10/2034) |
SOVEREIGN |
501.20 |
16.59 |
Reverse Repo/TREPS |
|||
Clearing Corporation of India Ltd |
NA |
282.95 |
9.36 |
Net Current Assets |
NA |
61.12 |
2.02 |
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 | 7.85% |
7.71% |
10.39% |
10,785 |
10,771 |
11,039 |
| Last 3 Years | 5.89% |
5.88% |
5.56% |
11,874 |
11,871 |
11,762 |
| Since Inception | 5.46% |
5.54% |
4.78% |
12,438 |
12,480 |
12,114 |
Direct - Growth |
||||||
| Last 1 Year | 8.45% |
7.71% |
10.39% |
10,845 |
10,771 |
11,039 |
| Last 3 Years | 6.48% |
5.88% |
5.56% |
12,072 |
11,871 |
11,762 |
| Since Inception | 6.04% |
5.54% |
4.78% |
12,723 |
12,480 |
12,114 |
Past performance may or may not be sustained in future and is not a guarantee of any future returns, and should not be used as a basis of comparison with other investments. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. 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. Rajesh Bhatia (Since 15-Nov-2024). Inception date of the scheme (22-Oct-20). Face Value per unit: Rs. 10. Since the scheme is in existence for more than 3 years but less than 5 years hence performance data for 5 years is not provided. ITI Banking and PSU Debt Fund NAV as on November 29, 2024: Rs. 12.4380 (Regular Growth Option), Rs. 12.7226 (Direct Growth Option)
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.
*Please refer to Scheme Information Document where concept of Macaulay's Duration is explained
Face Value per Unit: Rs. 10 unless otherwise specified Data is as of November 30, 2024 unless otherwise specified
Mutual Fund investments are subject to market risks, read all scheme related documents carefully