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4 star

HDFC Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a 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 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 3.68 0.05 0.12 0.31 1.26 2.68 5.20 7.66 7.37 7.87 --
CCIL T Bill Liquidity Weight* 1.62 -0.02 0.03 0.12 0.52 1.08 2.06 3.33 3.62 4.06 --
Debt: Low Duration* 3.88 0.03 0.10 0.79 1.59 2.80 5.03 5.26 5.94 6.73 --
Rank within category* 4 4 3 5 5 4 6 4 4 3 --
Number of funds in category* 24 24 24 24 24 24 24 24 23 21 0

As on 18-Oct-2021

* As on 19-Oct-2021

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
4 star
Jan-13 5.20 7.66 7.37 0.44% 22,082
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 5.20 7.68 7.47 0.40% 28,496
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.81 7.79 7.64 0.39% 17,539
Axis Treasury Advantage Fund - Direct Plan
4 star
Jan-13 4.42 7.35 7.31 0.30% 10,509
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.83 7.82 7.82 0.41% 10,205

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 5.25 14-Oct-2020 - 14-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.49 1.07 3.30 5.74 0.67 3.95
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Low Duration 5.42 4.36 1.72 3.40 -0.68 1.07
Rank within category 4 7 4 10 12 7
Number of funds in category 24 24 24 24 24 24

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

As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 149 192 141 60
Modified Duration (yrs) 0.92 1.15 0.90 0.67
Average Maturity (yrs) 2.27 2.67 1.58 1.00
Yield to Maturity (%) 4.58 5.09 4.39 4.50
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
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 2.96 - 8.09 7.38
down NTPC 91-D 11/10/2021 Commercial Paper A1+ 0.00 - 5.83 4.98
down Reliance Jio Infocomm 91-D 14/10/2021 Commercial Paper A1+ 0.00 - 4.86 3.51
equal 5.09% National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 2.85 2.85
equal 9.25% Power Finance Corporation Additional Tier 2 Bond AAA 1.97 - 2.76 2.45
equal Tata Teleservices 364-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.43 2.22
down 8.35% GOI 2022 GOI Securities SOV 0.00 - 2.68 2.21
equal Axis Bank 27/04/2022 Certificate of Deposit A1+ 0.00 - 2.21 2.21
equal Reliance Industries 346-D 27/06/2022 Commercial Paper A1+ 0.00 - 2.20 2.20
equal Export-Import Bank 19/05/2023 Certificate of Deposit AAA 1.68 - 2.32 2.11
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 1.88 1.88
equal Axis Bank 28/12/2021 Non Convertible Debenture A1+ 0.00 - 2.05 1.81
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 1.81 1.81
equal Liquid Gold Series 5 15/07/2023 Securitised Debt AAA 0.00 - 1.76 1.76
equal 7.40% Muthoot Finance 2024 Debenture AA+ 0.00 - 1.93 1.74
equal 7.28% Power Finance Corporation 2022 Bonds AAA 1.21 - 1.72 1.50
up 6.97% GOI 2026 GOI Securities SOV 0.00 - 1.43 1.43
equal 9.95% Food Corporation of India 2022 Bonds AAA 1.13 - 1.62 1.39
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 1.01 - 1.53 1.33
equal 8.50% L&T Infrastructre Finance 17/03/2023 Non Convertible Debenture AAA 0.75 - 1.28 1.28
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.25 - 1.24 1.24
equal 6.22% HDFC 2021 Debenture AAA 0.60 - 1.23 1.23
down 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 1.91 1.15
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 1.28 1.13
equal Tata Teleservices 362-D 30/11/2021 Commercial Paper A1+ 0.00 - 1.23 1.12

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-Sep-2021

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:


0.05%

Change from previous, NAV as on 18-Oct-2021

Growth: ₹ 48.9662

IDCW Weekly: ₹ 10.0716

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IDCW Monthly: ₹ 10.1742

IDCW 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.11%
Benchmark: NIFTY Low Duration Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 22,082 Cr (As on 30-Sep-2021)
Expense: 0.44% (As on 30-Sep-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Oct-20210.0029

 12-Oct-20210.0049
 11-Oct-20210.0038
 08-Oct-20210.0066
 07-Oct-20210.0010
 01-Oct-20210.0034
 30-Sep-20210.0021
 29-Sep-20210.0014
 28-Sep-20210.0017
 27-Sep-20210.0031
 17-Sep-20210.0006
 16-Sep-20210.0029
 15-Sep-20210.0018
 09-Sep-20210.0029
 08-Sep-20210.0026
 07-Sep-20210.0009
 06-Sep-20210.0009
 03-Sep-20210.0034
 02-Sep-20210.0017
 01-Sep-20210.0012
 31-Aug-20210.0040
 30-Aug-20210.0017
 27-Aug-20210.0052
 26-Aug-20210.0036
 23-Aug-20210.0007
IDCW Weekly11-Oct-20210.0076

 04-Oct-20210.0117
 20-Sep-20210.0053
 13-Sep-20210.0073
 06-Sep-20210.0120
 30-Aug-20210.0095
 23-Aug-20210.0150
 17-Aug-20210.0157
 09-Aug-20210.0117
 02-Aug-20210.0085
 26-Jul-20210.0050
 19-Jul-20210.0189
 12-Jul-20210.0067
 05-Jul-20210.0086
 28-Jun-20210.0062
 21-Jun-20210.0075
 14-Jun-20210.0148
 07-Jun-20210.0136
 31-May-20210.0055
 24-May-20210.0142
 17-May-20210.0093
 10-May-20210.0137
 03-May-20210.0098
 26-Apr-20210.0135
 19-Apr-20210.0079
IDCW Monthly27-Sep-20210.0244

 30-Aug-20210.0610
 26-Jul-20210.0396
 28-Jun-20210.0424
 31-May-20210.0530
 26-Apr-20210.0399
 30-Mar-20210.0350
 22-Feb-20210.0183
 25-Jan-20210.0304
 28-Dec-20200.0459
 01-Dec-20200.0799
 26-Oct-20200.0832
 28-Sep-20200.0452
 31-Aug-20200.0557
 27-Jul-20200.0973
 29-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

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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