TRUSTMF Banking & PSU Fund
An open-ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. A relatively high interest rate risk and relatively low credit risk.
All fund data shown here is for the Direct Plan : Growth Option. All data except NAV data is as on 31 Jul 2024
To view NAV data for other plans and options of this fund,
NAV
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Fund Size
₹ 223.66 Cr
As on 31 Jul 2024
Fund Rating
[ICRA] AAAmfs
Minimum Investment
₹ 1000
Investment Objective
To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there can be no assurance that the investment objective of the scheme will be realised.
Fund Highlights
Unique LimitedACTIV^ methodology of fund management
Strategic knowledge partnership with CRISIL#
Roll down strategy with current target maturity ~ 1 year*
# CRISIL has been engaged for - construction & periodic rebalancing of model portfolio & universe, back testing & ongoing investment process validation
* The scheme is currently following a ‘roll down’ investment approach with approximate tenure on a tactical basis and same is subject to change. The investment will be made in line with investment strategy and asset allocation as prescribed in the Scheme related documents.
^TRUSTMF has adopted Limited Active Methodology for certain schemes, which is a structured methodology where the fund manager attempts to invest predominantly in line with the internally created model portfolio and takes exposure on pre-defined limits.
Fund Managers
Benchmark
Tier I Benchmark: CRISIL Banking and PSU Debt A-II Index
Tier II Benchmark: CRISIL Select AAA Roll Down Banking & PSU Debt Index
Load Structure
Entry Load: Nil
Exit Load: Nil
Performance
Downloads
Product Suitability Label
This product is suitable for investors who are seeking:*
Regular Income over short to medium term
Investment in primarily debt and money market instruments issued by Banks, PSU, PFI, and Municipal Bonds
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Riskometer
Scheme
Investors understand that their principal will be at Moderate risk
Benchmark
CRISIL Banking and PSU Debt A-II Index
Potential Risk Class (PRC)
Credit Risk
Interest Rate Risk
Relatively Low (Class A)
Moderate (Class B)
Relatively High (Class C)
Relatively Low (Class I)
Moderate (Class II)
Relatively High (Class III)
A-III
Portfolio Allocation
Asset Quality
All Holdings
Instruments/Issuers
Rating
% to Net Assets
Govt Securities / SDL
13.67
7.37% GOI MAT 23-OCT-2028
SOVEREIGN
13.67
Non Convertible Debentures
68.94
7.46% Indian Railway Finance Corporation Limited 18-JUN-2029
CRISIL AAA
8.96
7.59% National Housing Bank 14-JUL-2027
CRISIL AAA
8.52
6.00% HDFC Bank Limited 29-MAY-2026
CRISIL AAA
8.22
7.77% REC Limited 31-MAR-2028
CRISIL AAA
8.1
7.80% National Bank for Agriculture and Rural Development 15-MAR-2027
IND AAA
8.08
7.68% Small Industries Development Bank of India 10-SEP-2027
CRISIL AAA
8.06
6.40% LIC Housing Finance Limited 30-NOV-2026
CRISIL AAA
7.81
7.55% Power Finance Corporation Limited 15-APR-2027
CRISIL AAA
6.71
7.59% National Housing Bank 08-SEP-2027
CRISIL AAA
2.24
7.56% REC Limited 31-AUG-2027
ICRA AAA
2.24
Certificate of Deposits
5.12
ICICI Bank Limited 25-FEB-2025
ICRA A1+
2.15
National Bank for Agriculture and Rural Development 12-FEB-2025
IND A1+
1.72
HDFC Bank Limited 24-JUN-2025
CARE A1+
1.26
Commercial Papers
3.47
LIC Housing Finance Limited 04-MAR-2025
CRISIL A1+
2.14
Small Industries Development Bank of India 10-SEP-2024
CARE A1+
1.33
Treasury Bills
0.45
91 Days Treasury Bill 02-AUG-2024
SOVEREIGN
0.22
182 Days Treasury Bill 22-AUG-2024
SOVEREIGN
0.22
Tri Party Repo (TREPs)
26.68
TREPS
26.68
Investment in Corporate Debt Market Development Fund (CDMDF)$$
0.43
Investment in Corporate Debt Market Development Fund (CDMDF)
0.43
Net Current Assets
-18.76
Net Current Assets
-18.76
As on 31 Jul 2024
Period
1 year
3 years
Since Inception Returns (1st Feb 2021)
Returns (%)
Value of 10,000 Invested (INR)
Returns (%)
Value of 10,000 Invested (INR)
Returns (%)
Value of 10,000 Invested (INR)
TRUSTMF Banking and PSU Fund
7.47%
10749
5.37%
11700
5.39%
12015
CRISIL Banking and PSU Debt Index
7.26%
10728
5.55%
11764
5.56%
12081
CRISIL Select AAA Roll Down Banking & PSU Debt Index
7.49%
10751
5.52%
11752
5.61%
12102
CRISIL 10 Year Gilt Index
8.33%
10835
4.89%
11543
4.65%
11721
As on 31 Jul 2024
Returns furnished are that of Direct Plan – Growth Option. Returns (%) for less than 1 year are calculated on simple annualized basis and for 1 year & above are calculated on compounded annualized basis (CAGR). Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement. Benchmark returns calculated based on Total Return Index Values. Different plans have a different expense structure. Past performance may or may not be sustained in future. For performance details of other schemes managed by Mr. Jalpan Shah and Mr. Neeraj Jain, please click here