Top 5 Banking and PSU Mutual Funds to Invest In

Aditya Birla Sun Life Banking & PSU Debt Fund Growth

The AMC

ABSLAMC or Aditya Birla Sun Life AMC is the mutual fund part of Aditya Birla Capital Limited (Ltd) which is the financial services arm of the diverse Aditya Birla Group. ABCL provides a range of investment and financial solutions to suit varied needs of the modern investor.

ABCL has a huge presence across India with Rs.3000 Billion of assets under management (AUM as of December 31st, 2019)

Aditya Birla Group is a USD 48.3 Billion multinational conglomerate with over 1,20,000 employees and operating in 36 countries across the globe.

Investment Objectives

• Reasonable returns by investing in Debt and Money Market securities by Banks & PSU’s
• Convenience of fund parking with higher returns

Fund Manager

The Fund is managed by Mr. Kaustubh Gupta who has overall 18 years of experience. He holds a C.A with B.Com.

Takeaways

• Generation of reasonable returns
• Better liquidity with low risk and quality debt instruments

The Fund

Is an open-ended debt scheme predominantly investing in debt instruments of banks, PSU, Public Financial Institutions and Municipal bonds.

ICICI Prudential Banking & PSU Debt Fund Growth

The AMC

ICICI Prudential Asset Management Company Ltd is a joint venture between India’s largest private sector bank, ICICI Bank and the British multinational financial services company, Prudential plc. It is one of the leading AMC’s in India providing diverse financial solutions for Investors.

Investment Objectives

• Generate regular income by investing in debt instruments of Banks, Public Financial institutions and PSU’s
• Investments in Debt and Money Market instruments

Fund Manager

The fund is managed by Mr. Rahul Goswami who has overall 17 years of experience in debt markets including 7 years in fund management.

Takeaways

• Liquidity with short term savings
• Moderate risk level

The Fund

Is an open ended debt fund that invests predominantly in debt and money market instruments of Banks, PSU’s and public finance institutions. It aims to generate income.

HDFC Banking and PSU Debt Fund - Growth

The AMC

HDFC AMC is India’s largest Mutual fund manager with over Rs.3 Trillion of Assets under management. It is a joint venture between Housing Development Finance Corporate Ltd (HDFC) and Standard Life Investments Ltd.

Investment Objectives

• Generate income or capital appreciation
• Investments in Debt and Money market instruments of Banks, PSU and other such institutions

Fund Manager

The fund is managed by Mr. Anil Bamboli who has 10 years of experience in management and research. Mr. Bamboli holds a Masters in Management Studies in Finance and a Graduate in Cost and Works Accountant from ICWAI

Takeaways

• Income over short to medium terms
• Investment horizon of minimum 1 year

The Fund

Is an open ended debt scheme predominantly investing in debt and money market instruments of Banks, PSU, PFI and Municipal Bonds. It has a moderate risk parameter.

Kotak Banking and PSU Debt Fund - Growth

The AMC

Kotak Mahindra Asset Management Company is a part of the Kotak Mahindra Bank Ltd (KMBL) Kotak Mahindra Group is among India’s leading financial conglomerates. Kotak Mahindra AMC is the asset manager for Kotak Mahindra Mutual fund.

Investment Objectives

• Generate Income or capital appreciation
• Investments in debt and money market instruments of banks, PSU, PFI and Municipal Bonds

Fund Manager

The fund is managed by Mr. Deepak Agrawal with over 18 years of experience. Mr. Agrawal is a Post Graduate in Commerce, Chartered Account, Company Secretary and currently pursuing CFA.

Takeaways

• Income in short to medium term horizon
• Moderately low risk parameter

The Fund

Is an open ended debt scheme with predominant investing in debt and money market instruments of banks, PSU, PFI and municipal bonds.

Axis Banking & PSU Debt Fund Growth

The AMC

AXIS Mutual Fund AMC is part of Axis Bank. It launched its first fund in October 2009. The AMC has grown strongly over time due to its commitment to long term wealth creation.

The AMC has presence in over 90 cities across India and comprehensive product suite of more than 50 schemes for every investor.

Investment Objectives

• Generate stable returns
• Invest in debt & money market instruments issued by Banks, Public Sector Units (PSUs) & Public Financial Institutions (PFIs)

Fund Manager

The fund is managed by Mr. Aditya Pagaria.

Takeaways

• Income over short to medium term
• Moderately Low risk

The Fund

Is an open ended debt scheme predominantly investing in debt and money market instruments of banks, PSU and PFIs.

These are our selection for top 5 Banking and PSU mutual funds in Investica App by our research team.