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HDFC Medium Term Debt Fund

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Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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cal

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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 0.87 0.06 0.43 1.02 2.47 4.10 9.54 6.77 7.75 8.19 8.08
VR Bond 0.39 0.06 0.22 0.53 1.41 1.87 8.01 6.19 6.99 7.43 7.23
Debt: Medium Duration 0.33 0.05 0.35 0.47 1.03 2.50 4.29 5.38 6.53 7.35 7.45
Rank within category 3 6 4 4 5 7 4 6 2 3 1
Number of funds in category 18 19 19 17 17 17 16 15 12 9 8

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.53 (11-Dec-2008 - 18-Dec-2008) -1.69 (10-Jul-2013 - 17-Jul-2013)
Month 4.10 (18-Nov-2008 - 18-Dec-2008) -2.13 (15-Jul-2013 - 14-Aug-2013)
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 6.55 1.73 0.48 0.91 0.67 0.57
VR Bond 6.11 2.14 0.18 0.33 -- --
Debt: Medium Duration 5.31 3.10 0.11 0.41 0.57 -0.63
Rank within category 7 1 6 6 11 7
Number of funds in category 16 16 16 16 16 16

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 50 50 43 48
Modified Duration (yrs) 3.00 3.38 2.05 3.02
Average Maturity (yrs) 4.17 4.73 2.68 4.28
Yield to Maturity (%) 8.09 9.09 8.09 9.18

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 12.32 7.40
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 5.39 - 6.07 5.39
equal 9.10% Power Finance Corp. 23/03/2029 Non Convertible Debenture AAA 0.00 - 4.54 4.46
equal 9.19% LIC Housing Fin. 2023 Non Convertible Debenture AAA 4.42 - 5.00 4.42
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 4.91 4.34
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 4.28 - 4.82 4.28
equal 9.95% Syndicate Bank Debenture A+ 3.84 - 4.30 3.84
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 3.33 - 3.77 3.33
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 4.91 3.10
equal 8.10% Power Finance Corp. 2024 Non Convertible Debenture AAA 0.00 - 3.19 3.01
equal Reliance Retail Ltd. 21/12/2020 Non Convertible Debenture AAA 2.34 - 2.59 2.41
equal 9.55% Hindalco Inds. 27/07/2022 Bonds/NCDs AA 0.00 - 2.44 2.30
equal 8.12% NHPC 22/03/2029 Debenture AAA 0.00 - 4.72 2.23
equal 8.30% IRFC 25/03/2029 Debenture AAA 0.00 - 2.48 2.21
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 2.16 - 2.43 2.16
equal 8.32% Reliance Jio Infocomm 2021 Debenture AAA 2.15 - 4.71 2.15
equal 7.46% REC 28/02/2022 Non Convertible Debenture AAA 2.12 - 2.39 2.12
equal 8.55% L&T Infrastructre Finance 29/11/2022 Non Convertible Debenture AAA 0.00 - 2.13 2.11
equal 9.00% Union Bank of India 2099 Bonds AA- 2.11 - 2.36 2.11
new 8.90% Vedanta 2021 Non Convertible Debenture AA 0.00 - 2.11 2.11
equal 8.98% Punjab National Bank Zero Coupon Bonds A 0.00 - 2.31 2.07
equal JM Fin Asset Reconstruction co 27/09/2021 Zero Coupon Bonds AA- 1.85 - 2.04 1.85
equal 8.79% LIC Housing Fin. 2024 Non Convertible Debenture AAA 0.00 - 1.97 1.75
equal 8.50% Vedanta 2021 Debenture AA 0.88 - 1.90 1.68
equal 8.55% Talwandi Sabo Power 23/04/2021 Debenture AA 1.67 - 1.90 1.67

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 31-Dec-2019

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:

Invest Online
0.06%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 39.6168

Dividend Fortnightly: ₹ 10.6362

Dividend: ₹ 15.0310

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: 7.96%
Benchmark: NIFTY Medium Duration
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,184 Cr (As on 31-Dec-2019)
Expense: 1.29% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly10-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
 10-Jan-20190.0171
 26-Dec-20180.0447
 10-Dec-20180.0351
 26-Nov-20180.0395
 12-Nov-20180.0291

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: 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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