HDFC Banking and PSU Debt Fund - IDCW Option

HDFC Banking and PSU Debt Fund - IDCW Option is a scheme launched by HDFC Mutual Fund on March 26, 2014, and falls under the Banking and PSU fund category. It currently manages an AUM of Rs 5,889.95 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 100. It charges an expense ratio of 0.78% for managing the portfolio.

• Investing Strategy:

  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), Municipal Corporations and such other bodies.

• Performance:

  HDFC Banking and PSU Debt Fund - IDCW Option trailing returns over different times are 0.58% (1 year), 0.24% (3 year) and 0.03% (5 year). The average annual return of this fund stands at 0.69%.