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This 1-Year Old Banking And PSU Fund Has Given 4.75% Annual Average Returns

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If stocks are intended to provide a kicker in terms of returns, debt funds are intended to provide stability to your portfolio. Banking and PSU Mutual funds are great debt mutual funds that offer good returns as they primarily invest in the banking sector or financial institutions.

 

This banking and PSU fund that we have highlighted here has given good return performance over the years. Read to know more about the fund including its returns and portfolio.

TRUSTMF Banking & PSU Debt Fund - Direct Plan-Growth

TRUSTMF Banking & PSU Debt Fund - Direct Plan-Growth

This Banking and PSU fund was launched on 01 February 2022 by the TRUST Mutual Fund. In the fund's Direct Plan-Growth scheme, the Asset Under Management is worth Rs 673.62 Crore. The NAV of this fund is Rs 1056.139 as of 07 April 2022. The expense ratio of this fund is 0.21%. It is less than its category average expense ratio. 


It is a debt open-ended small fund of its category. On a risk level, it possesses a moderate risk fund. This fund aims to generate decent returns by investing in debt and money market securities issued by the banks and PSU, Public Financial Institutions, and municipal bonds. For investment in this fund, the minimum amount required for lump-sum investment is Rs 1,000 and Rs 1,000 for SIP as well. 

Absolute And Annualised Returns
 

Absolute And Annualised Returns

Lump-Sum Investment Returns

In the last 1 year, this fund has given 5.05% returns. Since its launch, it has delivered 4.75% average annual returns.

Investment PeriodAbsolute ReturnsAnnualised Returns
3 Month1.13%-
6 Month1.82%-
YTD1.02%-
1 Year5.05%5.05%
Since Inception5.61%4.75%

SIP Returns

SIP PeriodAbsolute ReturnsAnnualised Returns
1 Year2.30%4.30%
Portfolio

Portfolio

Fund has 95.37% investment in Debt of which 11.04% in Government securities, and 84.29% in funds invested in very low-risk securities. The fund's credit profile is high indicating it has lent to borrowers whose quality is great.

Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than in the category.

The fund's top holdings are in National Bank For Agriculture & Rural Development, Axis Bank Ltd., Power Finance Corp. Ltd., National Housing Bank, Hindustan Petroleum Corp. Ltd.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.

Read more about: banking mutual funds sip mutual fund
Story first published: Friday, April 8, 2022, 15:00 [IST]
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