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4 star

HDFC Medium Term Debt Fund - Direct Plan


Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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 6.18 0.09 -0.02 0.33 4.18 3.90 9.46 8.09 8.77 9.26 --
VR Bond 5.84 -0.07 -0.05 0.32 2.01 4.49 6.99 6.90 7.46 7.92 --
Debt: Medium Duration 4.14 0.00 -0.10 0.09 3.67 2.38 6.34 6.37 7.72 8.66 --
Rank within category 9 2 4 5 7 10 8 5 4 3 --
Number of funds in category 16 18 18 17 17 17 16 14 13 9 0

As on 10-Aug-2020

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 - Direct Plan  | Invest Online
4 star
Jan-13 9.46 8.09 8.77 0.49 1,051
ICICI Prudential Medium Term Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 10.99 7.90 8.89 0.98 5,038
SBI Magnum Medium Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 12.08 9.41 10.24 0.78 3,719
IDFC Bond Fund Medium Term Plan - Direct Plan
4 star
Jan-13 10.89 8.70 9.01 0.75 3,098
Axis Strategic Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 10.48 8.10 9.24 0.35 859

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.43 (24-Mar-2020 - 31-Mar-2020) -2.02 (12-Mar-2020 - 19-Mar-2020)
Month 3.16 (10-Jun-2020 - 10-Jul-2020) -2.25 (25-Feb-2020 - 26-Mar-2020)
Quarter 4.67 (25-Aug-2016 - 24-Nov-2016) -3.29 (20-May-2013 - 19-Aug-2013)
Year 13.27 (24-Nov-2015 - 24-Nov-2016) 4.40 (31-Oct-2017 - 31-Oct-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.88 2.27 1.17 1.83 0.69 1.57
VR Bond 6.81 1.95 0.81 1.77 -- --
Debt: Medium Duration 5.53 4.48 0.50 1.05 0.56 -0.58
Rank within category 5 3 3 4 10 5
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-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 51 53 44 31
Modified Duration (yrs) 3.37 3.38 2.92 3.60
Average Maturity (yrs) 4.60 4.73 3.97 4.61
Yield to Maturity (%) 8.46 9.94 7.92 8.47

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 4.79 - 12.32 6.19
equal 9.70% Shriram City Union Finance 2022 Non Convertible Debenture AA 0.00 - 7.04 6.13
equal 6.97% GOI 2026 GOI Securities SOV 0.87 - 5.74 5.12
equal 9.10% Power Finance Corp. 23/03/2029 Non Convertible Debenture AAA 0.00 - 5.76 5.02
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 5.72 4.62
equal 7.90% Sikka Ports and Terminals 18/11/2026 Debenture AAA 0.00 - 3.87 3.52
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 0.00 - 7.38 3.47
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 3.74 3.22
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.11 3.11
equal Muthoot Capital Services 2020 Securitised Debt AA 0.00 - 3.39 2.97
equal 8.12% NHPC 22/03/2029 Debenture AAA 1.89 - 3.03 2.68
equal 8.30% IRFC 25/03/2029 Debenture AAA 1.89 - 3.01 2.66
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 4.91 2.65
equal 7.50% REC 28/02/2030 Debenture AAA 0.00 - 2.73 2.47
new 7.23% Power Finance Corp. 2027 Bonds AAA 0.00 - 2.46 2.46
equal Tata Power 2021 Bonds/NCDs AA- 0.00 - 2.79 2.44
new 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 2.41 2.41
up IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 2.40 2.40
equal 9.85% Tata International Non Convertible Debenture A 0.00 - 2.69 2.38
equal 8.98% Punjab National Bank Zero Coupon Bonds A 1.76 - 2.62 2.35
equal JM Fin Asset Reconstruction co 27/09/2021 Zero Coupon Bonds AA- 1.58 - 2.53 2.24
equal 8.90% Vedanta 2021 Non Convertible Debenture AA 0.00 - 2.59 2.24
equal 7.95% Sikka Ports and Terminals 28/10/2026 Debenture AAA 1.40 - 2.22 2.02
equal 8.50% Vedanta 2021 Debenture AA 1.42 - 2.13 1.85
equal 11.95% Gera Developments Pvt. 18/09/2023 Non Convertible Debenture AA- 0.00 - 1.69 1.50

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-Jul-2020

Fund Manager

— Shobhit Mehrotra since 01-Jan-2013

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:


0.09%

Change from previous, NAV as on 10-Aug-2020

Growth: ₹ 43.4858

Dividend Fortnightly: ₹ 10.6318

Dividend: ₹ 16.2780


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: 01-Jan-2013
Return Since Launch: 8.93%
Benchmark: NIFTY Medium Duration
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,051 Cr (As on 31-Jul-2020)
Expense: 0.49% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly27-Jul-20200.0129

 10-Jul-20200.2052
 25-Jun-20200.0914
 11-Mar-20200.0172
 25-Feb-20200.0380
 10-Feb-20200.0887
 27-Jan-20200.0522
 10-Jan-20200.0364
 26-Dec-20190.0343
 25-Nov-20190.0599
 11-Nov-20190.0239
 25-Oct-20190.0346
 10-Oct-20190.0258
 11-Sep-20190.0112
 26-Aug-20190.0339
 13-Aug-20190.0496
 25-Jul-20190.0127
 10-Jul-20190.0689
 25-Jun-20190.0302
 10-Jun-20190.0220
 27-May-20190.0907
 10-Apr-20190.0370
 25-Mar-20190.0475
 11-Mar-20190.0440
 25-Feb-20190.0092

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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