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IDBI Short Term Bond Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.20 Lakh

Analyst's Choice?

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.

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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 0.47 0.02 0.23 1.15 -0.64 0.76 0.73 5.02 6.55 7.31 --
Debt: Short Duration 0.21 0.02 -0.06 0.61 1.47 3.08 5.22 6.00 7.22 7.90 --
Rank within category 2 27 1 1 27 24 19 18 19 17 --
Number of funds in category 29 29 29 29 29 29 28 26 26 24 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 2.26 (28-Aug-2013 - 27-Sep-2013) -4.08 (10-May-2019 - 10-Jun-2019)
Quarter 4.25 (29-Aug-2013 - 28-Nov-2013) -3.07 (02-Apr-2019 - 02-Jul-2019)
Year 12.06 (28-Aug-2013 - 28-Aug-2014) 0.44 (19-Dec-2018 - 19-Dec-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.02 3.19 -0.22 -0.16 2.53 3.45
Debt: Short Duration 6.13 3.00 0.63 1.30 3.48 6.13
Rank within category 19 19 20 21 5 22
Number of funds in category 27 27 27 27 27 27

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 10 17 10 57
Modified Duration (yrs) 2.82 3.24 1.09 2.04
Average Maturity (yrs) 3.81 4.50 1.41 2.49
Yield to Maturity (%) 7.77 8.96 7.53 7.45

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.50% Bank of Baroda Bonds AA 9.30 - 27.60 27.60
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 5.36 - 15.82 15.82
equal 8.65% Reliance Industries 2028 Non Convertible Debenture AAA 0.00 - 11.55 11.55
equal 9.20% ICICI Bank 31/12/2050 Bonds AA+ 3.33 - 9.80 9.80
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 0.00 - 9.56 9.56
equal 11.00% JK Cement 2020 Debenture AA 3.48 - 7.76 4.99
equal 8.37% HUDCO 25/03/2029 Debenture AAA 0.00 - 10.74 2.93
equal 9.60% Hindalco Inds. 2022 Bonds/NCDs AA 0.98 - 2.84 2.84
equal 8.50% Vedanta 2021 Debenture AA 1.46 - 2.86 2.74
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 31-Dec-2019

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 17-Jan-2020

Growth: ₹ 19.3663

Dividend Weekly: ₹ 12.2202

Dividend Monthly: ₹ 14.9219


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 0

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.35%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 36 Cr (As on 31-Dec-2019)
Expense: 0.92% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly27-May-20190.0575

 25-Apr-20190.0381
 25-Mar-20190.1084
 28-Jan-20190.0367
 27-Dec-20180.1009
 27-Nov-20180.0867
 26-Oct-20180.0447
 28-Aug-20180.0339
 26-Jul-20180.0358
 26-Jun-20180.0373
 28-May-20180.0061
 26-Apr-20180.0176
 27-Mar-20180.0349
 26-Jun-20140.0443
 27-May-20140.0748
 28-Apr-20140.0460
 26-Mar-20140.0696
 26-Feb-20140.0267
 28-Jan-20140.0531
 27-Dec-20130.0600
 26-Nov-20130.0460
 28-Oct-20130.0896
 28-May-20130.2148
 26-Feb-20130.0213
 29-Jan-20130.0616
Dividend Weekly27-May-20190.0261

 20-May-20190.0089
 30-Apr-20190.0104
 15-Apr-20190.0041
 02-Apr-20190.0287
 26-Mar-20190.0175
 19-Mar-20190.0212
 12-Mar-20190.0224
 06-Mar-20190.0178
 20-Feb-20190.0010
 12-Feb-20190.0236
 29-Jan-20190.0097
 15-Jan-20190.0193
 08-Jan-20190.0077
 26-Dec-20180.0252
 18-Dec-20180.0160
 11-Dec-20180.0056
 04-Dec-20180.0229
 27-Nov-20180.0133
 20-Nov-20180.0144
 13-Nov-20180.0092
 06-Nov-20180.0153
 30-Oct-20180.0055
 23-Oct-20180.0072
 16-Oct-20180.0147

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: www.idbimutual.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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