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4 star

HDFC Medium Term Debt Fund


Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 5.39 0.43 0.89 3.10 3.80 5.06 9.14 7.38 8.12 8.29 8.24
VR Bond 5.50 0.13 0.38 0.85 3.33 5.33 7.35 7.06 7.54 7.60 7.61
Debt: Medium Duration 3.86 0.19 0.50 2.34 4.76 3.85 6.37 5.89 7.07 7.50 7.65
Rank within category 11 1 3 3 15 12 8 5 5 4 3
Number of funds in category 17 18 18 18 18 18 16 14 13 9 7

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Medium Term Debt Fund  | Invest Online
4 star
Feb-02 9.14 7.38 8.12 1.29 933
ICICI Prudential Medium Term Bond Fund  | Invest Now
4 star
Sep-04 10.73 7.33 8.13 1.64 4,864
SBI Magnum Medium Duration Fund  | Invest Online
5 star
Nov-03 12.67 8.98 9.58 1.22 3,384
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
Jul-03 11.60 8.38 8.51 1.43 2,973
Axis Strategic Bond Fund  | Invest Online
4 star
Mar-12 10.44 7.57 8.52 1.04 839

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.41 (24-Mar-2020 - 31-Mar-2020) -2.03 (12-Mar-2020 - 19-Mar-2020)
Month 4.10 (18-Nov-2008 - 18-Dec-2008) -2.31 (25-Feb-2020 - 26-Mar-2020)
Quarter 6.25 (06-Oct-2008 - 05-Jan-2009) -3.38 (20-May-2013 - 19-Aug-2013)
Year 14.81 (22-Apr-2008 - 22-Apr-2009) 3.51 (03-May-2004 - 03-May-2005)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.86 2.22 0.70 1.08 0.67 0.60
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Medium Duration 4.73 4.38 0.23 0.66 0.55 -1.37
Rank within category 5 3 5 4 10 5
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 46 53 44 37
Modified Duration (yrs) 3.37 3.38 2.91 3.14
Average Maturity (yrs) 4.68 4.73 3.91 3.88
Yield to Maturity (%) 9.04 9.94 7.92 7.29

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.26% GOI 14/01/2029 GOI Securities SOV 4.79 - 12.32 7.51
equal 9.70% Shriram City Union Finance 2022 Non Convertible Debenture AA 0.00 - 7.04 6.92
up 6.97% GOI 2026 GOI Securities SOV 0.00 - 5.74 5.74
equal 9.10% Power Finance Corp. 23/03/2029 Non Convertible Debenture AAA 0.00 - 5.76 5.58
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 5.72 5.12
equal 7.90% Sikka Ports and Terminals 18/11/2026 Debenture AAA 0.00 - 3.87 3.87
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 0.00 - 7.38 3.87
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 3.74 3.51
equal Muthoot Capital Services 2020 Securitised Debt AA 0.00 - 3.39 3.33
equal 8.12% NHPC 22/03/2029 Debenture AAA 1.89 - 3.03 3.01
equal 8.30% IRFC 25/03/2029 Debenture AAA 1.89 - 3.01 2.97
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 4.91 2.96
equal Tata Power 2021 Bonds/NCDs AA- 0.00 - 2.79 2.74
new 7.50% REC 28/02/2030 Debenture AAA 0.00 - 2.73 2.73
equal 9.85% Tata International Non Convertible Debenture A 0.00 - 2.69 2.66
equal 8.98% Punjab National Bank Zero Coupon Bonds A 1.76 - 2.62 2.60
equal JM Fin Asset Reconstruction co 27/09/2021 Zero Coupon Bonds AA- 1.58 - 2.53 2.51
equal 8.90% Vedanta 2021 Non Convertible Debenture AA 0.00 - 2.59 2.47
equal 7.95% Sikka Ports and Terminals 28/10/2026 Debenture AAA 1.40 - 2.22 2.22
equal 8.50% Vedanta 2021 Debenture AA 1.42 - 2.13 2.05
equal 11.95% Gera Developments Pvt. 18/09/2023 Non Convertible Debenture AA- 0.00 - 1.69 1.67
equal Tata Power 21/08/2072 Debenture AA- 0.00 - 1.67 1.64
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 1.66 1.64
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 1.01 - 2.73 1.37
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 1.17 1.15

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2020

Fund Manager

— Shobhit Mehrotra since 01-Sep-2007

Education: He is an MBA from Clemson University, USA.

Experience: Prior to joining HDFC AMC he has worked with Templeton AMC, and ICRA.

Funds Managed:


0.43%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 41.3928

Dividend Fortnightly: ₹ 10.7788

Dividend: ₹ 15.7044


Investment Strategy

The scheme seeks to generate income / capital appreciation through investments in Debt and Money Market Instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 06-Feb-2002
Return Since Launch: 8.01%
Benchmark: NIFTY Medium Duration
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 933 Cr (As on 30-Jun-2020)
Expense: 1.29% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly25-Jun-20200.0671

 11-Mar-20200.0146
 25-Feb-20200.0354
 10-Feb-20200.0861
 27-Jan-20200.0491
 10-Jan-20200.0338
 26-Dec-20190.0290
 25-Nov-20190.0574
 11-Nov-20190.0210
 25-Oct-20190.0319
 10-Oct-20190.0209
 11-Sep-20190.0084
 26-Aug-20190.0316
 13-Aug-20190.0462
 25-Jul-20190.0102
 10-Jul-20190.0662
 25-Jun-20190.0276
 10-Jun-20190.0197
 27-May-20190.0875
 10-Apr-20190.0342
 25-Mar-20190.0451
 11-Mar-20190.0415
 25-Feb-20190.0068
 11-Feb-20190.0238
 25-Jan-20190.0231

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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