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Edelweiss Low Duration Fund - Direct Plan


1 Lakh

Investment declined to
₹ 0.95 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.18 Lakh

Analyst's Choice?

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.

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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 0.29 0.02 0.08 0.48 1.70 3.76 -4.69 3.54 3.33 5.02 --
Debt: Low Duration 0.08 0.02 -0.15 0.30 1.08 2.71 2.41 5.57 6.68 7.49 --
Rank within category 22 17 22 23 14 16 22 20 22 21 --
Number of funds in category 26 26 26 26 26 26 26 25 23 22 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
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) -4.73 (14-Jan-2019 - 14-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.77 7.05 -0.28 -0.07 1.86 1.10
Debt: Low Duration 5.65 3.16 1.04 1.94 1.95 3.14
Rank within category 20 22 19 18 10 19
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 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 27 10 53
Modified Duration (yrs) 0.88 0.92 0.54 0.78
Average Maturity (yrs) 1.02 1.04 0.58 0.95
Yield to Maturity (%) 7.01 10.12 7.01 7.05

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.88% LIC Housing Fin. 28/01/2021 Bonds/NCDs AAA 0.00 - 12.13 12.13
equal 6.78% Reliance Industries 16/09/2020 Non Convertible Debenture AAA 6.42 - 17.25 12.07
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 13.96 11.91
equal 10.50% Sunny View Estates 2021 Debenture A 0.00 - 8.03 8.03
new 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 6.28 6.28
new 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 6.05 6.05
equal 7.85% Indian Hotels 15/04/2022 Bonds/Debentures AA+ 0.00 - 2.53 2.53
equal 7.99% Tata Power 16/11/2020 Non Convertible Debenture AA 0.26 - 2.41 2.41
equal Muthoot Finance 24/04/2022 Non Convertible Debenture AA 0.00 - 2.35 2.35
equal L&T Finance 13/04/2022 Debenture AAA 0.00 - 0.89 0.89
equal 8.12% Nabha Power 28/04/2021 Debenture AAA 0.00 - 0.61 0.61

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

— Gautam Kaul since 01-Feb-2017

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..

Funds Managed:

— Rahul Dedhia since 11-Dec-2017

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.

Funds Managed:


0.02%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 2,130.5605

Dividend Yearly: ₹ 2,130.6305

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Dividend Weekly: ₹ 931.2412

Dividend Monthly: ₹ 1,895.3916

Dividend Fortnightly: ₹ 1,893.9321

Dividend Daily: ₹ 932.8713

Dividend: ₹ 2,173.7070


Investment Strategy

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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 5.04%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 83 Cr (As on 31-Dec-2019)
Expense: 0.21% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Jun-20190.7123

 31-May-20190.3572
 28-May-20190.3724
 27-May-20190.8907
 24-May-20190.2295
 23-May-20190.6296
 22-May-20190.1367
 21-May-20190.1290
 20-May-20190.6838
 17-May-20190.3034
 14-May-20190.1392
 13-May-20190.0221
 10-May-20190.2788
 09-May-20190.1884
 08-May-20190.3259
 07-May-20190.4111
 06-May-20190.4102
 02-May-20190.1537
 30-Apr-20190.5197
 26-Apr-20190.0063
 22-Apr-20191.2084
 18-Apr-20190.1413
 16-Apr-20190.1551
 15-Apr-20190.2806
 12-Apr-20190.0682
Dividend Fortnightly28-May-20197.8213

 14-May-20192.3397
 30-Apr-20194.1167
 15-Apr-20193.6063
 28-Mar-20197.1039
 14-Mar-20197.1703
 28-Feb-20192.7140
 14-Feb-20194.6547
 28-Jan-20194.1361
 14-Jan-201910.9686
 28-Dec-20186.3213
 14-Dec-20187.5307
 28-Nov-20185.4297
 14-Nov-20186.0019
 29-Oct-20183.7410
 15-Oct-20185.0290
 28-Sep-20182.6835
 14-Sep-20183.1022
 28-Aug-20183.8639
 14-Aug-20185.0501
 30-Jul-20184.0791
 16-Jul-20187.0102
 28-Jun-20184.5854
 14-Jun-20186.7872
 28-May-20183.7680
Dividend Weekly28-May-20191.9703

 21-May-20191.8768
 07-May-20191.1440
 30-Apr-20190.8138
 23-Apr-20197.3991
 12-Mar-20191.6567
 05-Mar-20191.6047
 20-Feb-20192.9299
 29-Jan-20191.3580
 22-Jan-20193.3425
 01-Jan-20191.2881
 26-Dec-20181.6012
 18-Dec-20181.9066
 11-Dec-20180.8500
 04-Dec-20181.9515
 27-Nov-20181.0219
 20-Nov-20181.6627
 13-Nov-20181.1214
 06-Nov-20181.5125
 30-Oct-20180.7552
 23-Oct-20181.0641
 16-Oct-20181.1498
 09-Oct-20181.4426
 03-Oct-20181.2224
 18-Sep-20180.6642
Dividend Monthly27-May-201911.8595

 25-Apr-201910.2797
 25-Mar-201912.3381
 25-Feb-20195.7626
 25-Jan-201911.8022
 26-Dec-201813.2312
 26-Nov-201811.7440
 25-Oct-201811.5494
 25-Sep-20182.2875
 27-Aug-201810.3441
 25-Jul-201810.2231
 25-Jun-201811.4316
 25-May-20186.7923
 25-Apr-20189.6265
 26-Mar-201810.7787
 26-Feb-20187.0335
 25-Jan-20188.0391
 26-Dec-20178.1512
 25-Aug-20150.0451
 27-Jul-20150.0561
 25-Jun-20150.0557
 25-May-20150.0533
 27-Apr-20150.0729
 25-Mar-20150.0473
 25-Feb-20150.0504

Contact Information

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]

Website: www.edelweissmf.com

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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