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4 star

HDFC Medium Term Debt Fund


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than 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.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 -0.54 -0.10 -0.24 -0.68 -0.06 3.61 6.72 7.97 8.07 8.33 8.41
VR Bond -0.92 -0.09 -0.30 -1.10 -0.44 1.41 4.49 7.03 6.91 7.48 7.37
Debt: Medium Duration -0.71 -0.08 -0.23 -0.68 -0.33 2.67 4.61 6.11 6.99 7.76 7.67
Rank within category 9 17 11 10 7 5 10 5 4 4 2
Number of funds in category 22 22 22 22 22 20 18 14 14 9 7

As on 26-Feb-2021

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 6.72 7.97 8.07 1.29 2,906
SBI Magnum Medium Duration Fund  | Invest Online
5 star
Nov-03 8.69 9.39 9.69 1.31 7,629
ICICI Prudential Medium Term Bond Fund  | Invest Now
4 star
Sep-04 7.59 8.09 8.15 1.50 6,365
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
Jul-03 6.56 8.07 7.75 1.44 4,908
ICICI Prudential Retirement Fund - Pure Debt Plan  | Invest Now
5 star
Feb-19 6.87 -- -- 2.16 494

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 7.91 2.34 1.38 2.12 0.67 1.61
VR Bond 7.12 2.02 1.21 2.04 -- --
Debt: Medium Duration 5.28 4.58 0.57 1.07 0.59 -0.83
Rank within category 4 3 3 4 10 4
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 31-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 85 86 44 38
Modified Duration (yrs) 3.08 3.38 2.92 --
Average Maturity (yrs) 4.12 4.68 3.89 --
Yield to Maturity (%) 6.69 9.94 6.43 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 6.18% GOI 2024 GOI Securities SOV 0.00 - 5.41 3.58
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.81 3.34
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 3.16 2.81
equal 6.50% Power Finance Corp. 17/09/2025 Non Convertible Debenture AAA 0.00 - 2.95 2.63
new 9.40% TVS Credit Services 2026 Non Convertible Debenture AA- 0.00 - 2.58 2.58
equal 9.65% Green Infra Wind Energy 2023 Debenture AA 0.00 - 3.45 2.51
equal 9.70% Shriram City Union Finance 2022 Non Convertible Debenture AA 0.00 - 7.04 2.41
up 5.15% GOI 2025 GOI Securities SOV 0.00 - 2.10 2.10
equal 7.50% Muthoot Finance 16/10/2023 Non Convertible Debenture AA 0.00 - 3.53 2.09
equal 7.26% GOI 14/01/2029 GOI Securities SOV 2.04 - 7.67 2.04
equal 6.97% GOI 2026 GOI Securities SOV 1.82 - 5.74 1.83
equal 9.10% Power Finance Corp. 23/03/2029 Non Convertible Debenture AAA 1.82 - 5.76 1.82
equal 7.25% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 0.00 - 3.85 1.75
equal 6.70% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 0.00 - 2.91 1.73
equal 5.40% HDFC 2023 Bonds/NCDs AAA 0.00 - 2.94 1.73
new 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.72 1.72
equal Inox Wind Non Convertible Debenture AA 0.00 - 2.34 1.72
equal 5.45% NTPC 15/10/2025 Debenture AAA 0.00 - 2.91 1.72
equal 9.50% Inox Wind Infrastructure Services 28/09/2023 Non Convertible Debenture AA 0.00 - 3.84 1.72
new 8.64% Union Bank of India Non Convertible Debenture AA 0.00 - 1.72 1.72
new 8.44% Indian Bank Debenture AA 0.00 - 0.96 1.72
equal 5.78% HDFC-Warrant 11/2025 Debenture AAA 0.00 - 1.91 1.70
equal 5.77% GOI 2030 GOI Securities SOV 0.00 - 2.94 1.70
equal 6.80% REC 20/12/2030 Non Convertible Debenture AAA 0.00 - 2.32 1.70
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 1.69 - 5.72 1.69

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-Jan-2021

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:


-0.10%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 42.9748

Dividend Fortnightly: ₹ 10.0901

Dividend: ₹ 16.3047


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 06-Feb-2002
Return Since Launch: 7.95%
Benchmark: NIFTY Medium Duration
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 2,906 Cr (As on 31-Jan-2021)
Expense: 1.29% (As on 31-Jan-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly25-Feb-20210.0014

 10-Feb-20210.0367
 11-Jan-20210.0216
 28-Dec-20200.0228
 10-Dec-20200.0325
 25-Nov-20200.0638
 10-Nov-20200.0357
 26-Oct-20200.0720
 12-Oct-20200.1024
 25-Sep-20200.0356
 10-Sep-20200.0865
 25-Aug-20200.3336
 10-Aug-20200.0183
 27-Jul-20200.0088
 10-Jul-20200.2010
 25-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

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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