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:
|CCIL T Bill Liquidity Weight||1.06||0.04||0.19||0.48||1.06||1.96||4.08||4.14||4.40||4.76||--|
|Debt: Low Duration||0.28||0.04||0.20||-0.78||0.16||1.65||0.88||5.17||6.44||7.15||--|
|Rank within category||10||2||11||7||10||8||22||21||24||22||--|
|Number of funds in category||26||26||26||26||26||26||26||26||25||23||0|
As on 03-Apr-2020
|Best (Period)||Worst (Period)|
|Week||1.36 (24-Mar-2020 - 31-Mar-2020)||-11.91 (03-Jun-2019 - 10-Jun-2019)|
|Month||1.53 (30-Aug-2013 - 01-Oct-2013)||-11.51 (28-May-2019 - 27-Jun-2019)|
|Quarter||3.34 (03-Sep-2013 - 03-Dec-2013)||-10.46 (02-Apr-2019 - 02-Jul-2019)|
|Year||10.92 (30-Aug-2013 - 01-Sep-2014)||-5.98 (25-Mar-2019 - 24-Mar-2020)|
|CCIL T Bill Liquidity Weight||4.07||0.27||-5.49||-9.70||--||--|
|Debt: Low Duration||5.15||3.50||1.17||2.44||0.93||0.98|
|Rank within category||21||23||18||18||13||20|
|Number of funds in category||26||26||26||24||26||26|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Mar-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||9||27||9||53|
|Modified Duration (yrs)||0.73||0.92||0.57||0.78|
|Average Maturity (yrs)||0.82||1.04||0.64||0.96|
|Yield to Maturity (%)||7.25||10.12||7.01||6.91|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|10.50% Sunny View Estates 2021||Debenture||A||0.00 - 10.12||10.12|
|7.88% LIC Housing Fin. 28/01/2021||Bonds/NCDs||AAA||0.00 - 14.25||7.59|
|9.47% Shriram Transport Finance 2021||Non Convertible Debenture||AA+||0.00 - 7.53||7.53|
|6.99% HDFC 13/02/2023||Debenture||AAA||0.00 - 7.52||7.52|
|Bank of Baroda 2021||Certificate of Deposit||A1+||0.00 - 7.12||7.12|
|7.85% Indian Hotels 15/04/2022||Bonds/Debentures||AA+||0.61 - 3.18||3.18|
|Muthoot Finance 24/04/2022||Non Convertible Debenture||AA||0.57 - 2.97||2.97|
|L&T Finance 13/04/2022||Debenture||AAA||0.22 - 1.12||1.12|
|8.12% Nabha Power 28/04/2021||Debenture||AAA||0.15 - 0.76||0.76|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 29-Feb-2020
Education: Mr. Kaul is a B.Com (H) and MBA (Finance).
Experience: Prior to joining Edelweiss AMC he has worked with Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd..
Education: Mr. Dedhia is a B.E. (Electronics) and also holds a PGeMBA - Finance.
Experience: Prior to joining Edelweiss Mutual Fund, he has worked with PGIM India Mutual Fund as Assistant Fund Manager.
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The scheme aims to generate returns commensurate with risks of investing in a low duration portfolio of money market instruments, debt securities, InvITs, REITs and other permissible securities.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||500|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||12|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||--|
|Fund House:||Edelweiss Mutual Fund|
|Return Since Launch:||5.11%|
|Benchmark:||NIFTY Low Duration Debt TRI|
|Assets:||₹ 67 Cr (As on 29-Feb-2020)|
|Expense:||0.21% (As on 29-Feb-2020)|
|Risk Grade:||Above Average|
|Return Grade:||Below Average|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: Edelweiss Asset Management Ltd.
Address: 801- 802 & 803 - 8th Floor, Windsor Off C.S.T. Road, Kalina-Santacruz (E), Mumbai - 400098
Phone: 40933400 / 1800-425-0090
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]