VR Logo

3 star

HDFC Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 4.91 0.08 0.40 1.48 3.05 4.73 9.00 7.96 8.23 8.46 --
CCIL T Bill Liquidity Weight 2.02 0.01 0.06 0.22 0.87 1.93 3.90 4.14 4.33 4.69 --
Debt: Low Duration 3.41 0.05 1.39 2.30 2.76 3.24 6.65 5.47 6.51 7.18 --
Rank within category 6 2 6 8 10 6 11 11 6 7 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 07-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Low Duration Fund - Direct Plan  | Invest Online
3 star
Jan-13 9.00 7.96 8.23 0.44 15,077
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 9.32 8.18 8.39 0.41 18,250
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 9.03 8.03 8.04 0.39 8,727
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.76 8.57 8.66 0.41 8,048
Axis Treasury Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.20 8.39 8.37 0.28 4,777

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.61 (24-Mar-2020 - 31-Mar-2020) -0.81 (12-Mar-2020 - 19-Mar-2020)
Month 2.04 (24-Mar-2020 - 23-Apr-2020) -0.95 (25-Feb-2020 - 26-Mar-2020)
Quarter 3.98 (24-Mar-2020 - 24-Jun-2020) 0.35 (24-Dec-2019 - 24-Mar-2020)
Year 10.30 (19-Aug-2013 - 19-Aug-2014) 6.04 (26-Sep-2017 - 26-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.62 1.11 2.09 3.32 0.34 2.73
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 5.03 3.72 1.27 2.47 0.20 -0.03
Rank within category 11 10 12 11 8 13
Number of funds in category 25 25 25 25 25 25

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 158 161 131 74
Modified Duration (yrs) 0.79 0.93 0.73 --
Average Maturity (yrs) 0.98 1.17 0.87 --
Yield to Maturity (%) 6.45 7.69 6.07 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Power Grid Corporation 179-D 16/10/2020 Commercial Paper A1+ 0.00 - 4.27 4.27
equal Tata Teleservices 364-D 01/03/2021 Commercial Paper A1+ 0.00 - 3.98 3.15
equal Axis Bank 29/12/2020 Certificate of Deposit A1+ 0.00 - 3.49 2.77
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 2.96 2.37
up 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 2.01 2.01
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 2.55 1.75
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 2.12 1.72
up 7.28% Power Finance Corp. 2022 Bonds AAA 0.00 - 1.71 1.71
up 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 1.43 - 1.92 1.68
equal Axis Bank 24/12/2020 Certificate of Deposit A1+ 0.00 - 2.06 1.63
up National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 1.62 1.62
equal Tata Motors 240-D 30/12/2020 Commercial Paper A1+ 0.00 - 1.91 1.61
equal 9.00% Union Bank of India 2099 Bonds AA- 1.34 - 1.91 1.55
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 1.89 1.53
equal Tata Motors 302-D 26/02/2021 Commercial Paper A1+ 0.00 - 1.80 1.52
equal 8.10% L&T Infrastructre Finance 17/02/2022 Non Convertible Debenture AAA 0.00 - 1.88 1.51
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 0.00 - 1.81 1.46
up Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 1.44 1.44
equal National Bank Agr. Rur. Devp 14/01/2021 Commercial Paper A1+ 0.00 - 1.64 1.30
up 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 1.23 1.23
equal 8.50% Bank of Baroda Bonds AA 0.95 - 1.53 1.23
up 6.97% GOI 2026 GOI Securities SOV 0.00 - 1.21 1.21
equal 8.40% L&T Infrastructre Finance 29/11/2021 Non Convertible Debenture AAA 0.00 - 1.47 1.18
equal 8.75% State Bank of India Bonds AA+ 0.97 - 1.49 1.18
equal 9.95% Canara Bank Debenture A+ 0.00 - 1.43 1.17

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

— Anupam Joshi since 27-Oct-2015

Education: Mr. Joshi is a PGDM in Business Management.

Experience: Prior to joining HDFC Mutual Fund he has worked with IDFC AMC, Principal Asset Management Company and ICAP India Pvt. Ltd.

Funds Managed:


0.08%

Change from previous, NAV as on 07-Jul-2020

Growth: ₹ 45.5388

Dividend Weekly: ₹ 10.1958

More

Dividend Monthly: ₹ 10.1874

Dividend Daily: ₹ 10.0655


Investment Strategy

The scheme seeks to generate income / capital appreciation through investment in debt securities 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: 01-Jan-2013
Return Since Launch: 8.50%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 15,077 Cr (As on 30-Jun-2020)
Expense: 0.44% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily06-Jul-20200.0082

 03-Jul-20200.0116
 02-Jul-20200.0091
 01-Jul-20200.0056
 30-Jun-20200.0061
 29-Jun-20200.0038
 26-Jun-20200.0055
 25-Jun-20200.0098
 24-Jun-20200.0057
 23-Jun-20200.0059
 22-Jun-20200.0068
 19-Jun-20200.0015
 18-Jun-20200.0149
 17-Jun-20200.0149
 16-Jun-20200.0089
 15-Jun-20200.0101
 12-Jun-20200.0096
 11-Jun-20200.0005
 10-Jun-20200.0007
 08-Jun-20200.0065
 05-Jun-20200.0004
 03-Jun-20200.0019
 26-May-20200.0036
 22-May-20200.0139
 21-May-20200.0178
Dividend Weekly06-Jul-20200.0368

 29-Jun-20200.0342
 22-Jun-20200.0510
 15-Jun-20200.0174
 08-Jun-20200.0035
 01-Jun-20200.0024
 26-May-20200.0636
 18-May-20200.0471
 11-May-20200.0183
 20-Apr-20200.0238
 07-Apr-20200.0401
 09-Mar-20200.0040
 02-Mar-20200.0057
 24-Feb-20200.0084
 17-Feb-20200.0109
 10-Feb-20200.0218
 03-Feb-20200.0112
 27-Jan-20200.0129
 20-Jan-20200.0086
 13-Jan-20200.0081
 06-Jan-20200.0123
 30-Dec-20190.0086
 23-Dec-20190.0151
 16-Dec-20190.0018
 02-Dec-20190.0109
Dividend Monthly29-Jun-20200.1085

 26-May-20200.1553
 27-Apr-20200.0508
 24-Feb-20200.0522
 27-Jan-20200.0419
 30-Dec-20190.0362
 25-Nov-20190.0457
 29-Oct-20190.0507
 30-Sep-20190.0473
 26-Aug-20190.0575
 29-Jul-20190.0679
 24-Jun-20190.0452
 27-May-20190.0597
 30-Apr-20190.0522
 25-Mar-20190.0533
 25-Feb-20190.0402
 28-Jan-20190.0488
 31-Dec-20180.0697
 26-Nov-20180.0534
 29-Oct-20180.0557
 24-Sep-20180.0136
 27-Aug-20180.0425
 30-Jul-20180.0596
 25-Jun-20180.0515
 28-May-20180.0153

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

Upcoming Video

VR Helpline

Investing rationally when markets are irrational.

dateSaturday, 11-Jul-2020
time04:00 PM - 04:30 PM