When it comes to debt fund investment, some prefer lower-risk assets like government securities, banking & PSU funds, while others choose to invest incredit risk fund. Often, people are in a turmoil which one to choose out of the two.
Banking and PSU bonds are those financial instruments that specifically invest in Public Sector Undertakings (PSUs) and Public Financial institutions. About 80% of the corpus goes into debentures, bonds and CDs. Any investor with a low-risk profile looking for higher returns can opt for this fund type. On the other hand, Credit Risk invest in low-rated securities that accounts for 65% of the fund. Most often, investors have to face high-interest rates to compensate for the low rating, which in turn increases the risk factor. Credit Risk Funds are the riskiest among the debt fund category.
Now that you know about both fund types, let’s get to know some of the reasons why you should pick banking and PSU bonds over credit risk funds.
- Low-risk financial instrument: If you have a low-risk appetite, you should consider banking and PSU bonds. This is because the units belong to banking and public sector companies, which are backed and run by the government. Fund managers or asset management company (AMC) help to build a profitable portfolio by picking the best bonds issued by the PSUs and banks; this helps to spread the risk.
- Ideal for high-income taxpayers: Taxation is yet another reason why you should choose PSU bonds over Credit Risk funds. Investors, who continue to hold profits of bonds for more than three years, generally have to pay long term capital gains tax of 20% with indexation benefit. However, if you hold the bond scheme for less than three years, you will be charged as per the income tax slab as these are Short-term capital gains tax.
- Invest in a Long-term perspective: An average maturity period of government bonds is 1-2 years, which is best for short- and medium-term investors. However, you need to invest in the bank and PSU bonds with a long-term investment perspective. In case of Credit Risk, the investment horizon varied between 3 to 5 years, which means there is a high probability of incurring a loss in a short-term.
- Better yields over Credit Risk: As you know that government entities issue banking and PSU bonds, you can earn better annual returns at the rate of 8% to 9%. This is still higher than the other debt options. Experts suggest that bond is a safe and a good investment option, even when you’re in a debt crisis.
- No complexity in investing bonds: Investing in banking and PSU bonds does not require you to have any market knowledge on interest movements and don’t have to worry about tracking. Any inexperienced investor can start investing in it, unlike Credit Risk mutual fund where low-rated securities need to be hand-picked by a professional fund manager to generate returns.
When you compare the risk factor with the Credit Risk funds, you will know notice that this fund is prone to frequent rise and fall. Thus it is not recommended for weak-hearted.
When it comes to taxation on Credit Risk funds, the only difference is that the dividends paid by the company attract a Dividend Distribution Tax (DDT) of 28.84%. The dividend is distributed from the profit made from the fund. Note that it is tax-free in the hands of the investors.
The interest rate on Credit Risk Funds is higher as opposed to bonds. However, one should note that the returns from the former fund type are 2% higher when comparing it with overnight or liquid funds.
- Before you start making an investment in government securities, you need to decide your financial goal.
- When you pick a bond, make sure you analyze the fund performance in bullish and bearish market conditions. You will be able to select a reliable fund.
- Whether you’re investing through a fund manager or an asset management company (AMC) and they have the right expertise, the fund will definitely sail through and offer better returns.
- Before heading for investment, make sure you know about the costs involved such as expense ratio, entry and exit load costs.
- You also need to factor in the fund’s Net Asset Value (NAV), Asset Under Management, among others to ensure the reliability of a fund.
The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.
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Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.
The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.
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Governing Law and Jurisdiction
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