VR Logo

2 star

IDBI Short Term Bond Fund


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

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 like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is to build wealth in the long run.

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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 5.97 -0.02 0.51 2.03 5.62 5.75 6.19 4.90 5.90 6.59 --
CCIL T Bill Liquidity Weight 2.06 -0.01 0.05 0.22 0.84 1.89 3.85 4.13 4.32 4.69 --
Debt: Short Duration 6.26 0.02 0.50 2.61 4.77 5.97 9.30 6.28 7.21 7.63 --
Rank within category 22 25 12 16 10 23 23 17 20 19 --
Number of funds in category 27 27 27 27 27 27 27 24 24 23 21

As on 13-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDBI Short Term Bond Fund
2 star
Mar-11 6.19 4.90 5.90 1.60 24
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 11.48 8.15 8.77 1.51 15,234
SBI Short Term Debt Fund
4 star
Jul-07 11.16 8.15 8.42 0.84 14,777
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
Dec-00 11.26 8.40 8.33 0.80 12,716
Kotak Bond - Short Term Regular Fund  | Invest Online
4 star
May-02 11.06 8.24 8.37 1.13 11,858

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.82 (24-Mar-2020 - 31-Mar-2020) -4.75 (03-Jun-2019 - 10-Jun-2019)
Month 3.60 (28-Apr-2020 - 28-May-2020) -4.12 (10-May-2019 - 10-Jun-2019)
Quarter 5.95 (26-Mar-2020 - 25-Jun-2020) -3.19 (02-Apr-2019 - 02-Jul-2019)
Year 11.28 (28-Aug-2013 - 28-Aug-2014) -2.92 (27-Mar-2019 - 26-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.66 3.61 -0.18 -0.16 -0.72 -1.52
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Short Duration 5.74 3.41 0.64 1.42 1.21 1.92
Rank within category 18 18 19 21 3 23
Number of funds in category 26 26 26 26 26 26

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 8 11 8 54
Modified Duration (yrs) 1.74 3.24 1.74 --
Average Maturity (yrs) 2.17 4.50 2.17 --
Yield to Maturity (%) 7.95 9.23 7.53 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.50% Bank of Baroda Bonds AA 20.67 - 41.44 41.10
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 11.85 - 23.67 18.10
equal 9.20% ICICI Bank 31/12/2050 Bonds AA+ 7.34 - 14.60 14.51
equal 11.00% JK Cement 2020 Debenture AA 4.61 - 7.76 7.42
equal 8.37% HUDCO 25/03/2029 Debenture AAA 2.77 - 10.74 4.58
equal 9.60% Hindalco Inds. 2022 Bonds/NCDs AA 2.18 - 4.33 4.33
equal 8.50% Vedanta 2021 Debenture AA 2.04 - 4.04 3.92
equal 8.90% Dewan Housing Fin. Corpn. 2021 Debenture D 0.00 - 3.18 0.00

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

*As on 31-May-2020

Fund Manager

— Bhupesh Kalyani since 01-Feb-2017

Education: Mr. Kalyani is a CA, ICWA and CISA.

Experience: Prior to joining IDBI AMC he was with LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.

Funds Managed:


-0.02%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 19.2160

Dividend Weekly: ₹ 11.6564

Dividend Monthly: ₹ 12.1901


Investment Strategy

The Scheme seeks to provide investors with regular income by investing in Debt and Money market instruments such that the Macaulay duration of the portfolio is maintained between 1 year to 3 years.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 5,000
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 23-Mar-2011
Return Since Launch: 7.26%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 24 Cr (As on 30-Jun-2020)
Expense: 1.60% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly06-Jul-20200.0367

 29-Jun-20200.0213
 22-Jun-20200.0414
 15-Jun-20200.0049
 08-Jun-20200.0046
 26-May-20200.0612
 27-May-20190.0235
 20-May-20190.0066
 30-Apr-20190.0090
 15-Apr-20190.0032
 02-Apr-20190.0253
 26-Mar-20190.0150
 19-Mar-20190.0184
 12-Mar-20190.0197
 06-Mar-20190.0151
 12-Feb-20190.0207
 29-Jan-20190.0078
 15-Jan-20190.0167
 08-Jan-20190.0060
 26-Dec-20180.0222
 18-Dec-20180.0137
 11-Dec-20180.0032
 04-Dec-20180.0199
 27-Nov-20180.0111
 20-Nov-20180.0122
Dividend Monthly25-Jun-20200.1236

 26-May-20200.0858
 27-May-20190.0425
 25-Apr-20190.0263
 25-Mar-20190.0801
 28-Jan-20190.0252
 27-Dec-20180.0755
 27-Nov-20180.0624
 26-Oct-20180.0314
 28-Aug-20180.0232
 26-Jul-20180.0246
 26-Jun-20180.0258
 28-May-20180.0008
 27-Mar-20180.0245
 27-Feb-20180.0160
 29-Jan-20180.0135
 27-Dec-20170.0080
 28-Nov-20170.0148
 26-Oct-20170.0206
 26-Sep-20170.0143
 29-Aug-20170.0231
 26-Jul-20170.0247
 28-Jun-20170.0290
 26-May-20170.0196
 26-Apr-20170.0202

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Phone: 022-66442800 / 1800-419-4324

Fax: 022-66442801

Email: [email protected]

Website: http://www.idbimutual.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM