Debt
Direct
Banking & Psu
NAV as on 05-09-2024
₹ 23.81
Inception Returns
8.2%
/yr
Edelweiss Banking and PSU Debt Fund Direct Growth is a debt fund. This fund was started on 13 September, 2013. The fund is managed by Rahul Dedhia, Dhawal Dalal. This fund is suitable to keep your money safe.
Edelweiss Banking and PSU Debt Fund Direct Growth has given a CAGR return of 8.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.05%, 5.78% and 7.22% respectively.
Edelweiss Banking and PSU Debt Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2029, Indian Oil Corporation Limited, Housing And Urban Development Corporation Limited, Indian Railway Finance Corporation Limited, Hindustan Petroleum Corporation Limited
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.
The investment objective of the Scheme is to generate returns commensurate with risks of investing in a portfolio of Debt Securities and Money Market Instruments issued by Banks, Public Sector Undertakings, Public Financial Institutions, entities majorly owned by Central and State Governments and Municipal Bonds. However, there can be no assurance that the investment objective of the scheme will be realized.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Banking and PSU Debt Fund Direct Growth has no lock in period.
Expense ratio | 0.39% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹272 Cr |
Inception Date | 13 September, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 21.77% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (05-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Government, Corporate
Edelweiss Banking and PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.76% | 0.76% |
6 Month Returns | 4.24% | 4.24% |
1 Year Returns | 8.05% | 8.05% |
3 Years Returns | 18.35% | 5.78% |
5 Years Returns | 41.7% | 7.22% |
AAA | 100 |