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IDFC Bond Fund Income Plan - Direct Plan


1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Medium to Long Duration debt funds invest in bonds maturing in 4 to 7 years' time. They aim to earn slightly better returns than inflation and 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.

We believe that Aggressive Hybrid funds or Large Cap Equity funds, which invest predominantly in shares, are more suitable alternatives for an investment horizon of 5 years or more because of their ability to earn much higher returns. They witness more severe ups and downs than Medium to Long Duration funds but the possibility of incurring a loss is substantially reduced if you invest for 5 years and above.

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 0.01 0.31 0.21 1.76 1.13 1.79 11.46 7.24 8.19 8.86 --
Debt: Medium to Long Duration -0.11 -0.18 -0.19 0.96 1.11 1.81 8.42 5.71 7.26 7.83 --
Rank within category 11 1 1 2 12 10 5 4 5 1 --
Number of funds in category 14 14 14 14 14 14 14 14 14 13 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 5.56 (25-Oct-2016 - 24-Nov-2016) -4.94 (19-Jul-2013 - 19-Aug-2013)
Quarter 8.65 (12-Sep-2014 - 12-Dec-2014) -6.65 (20-May-2013 - 19-Aug-2013)
Year 18.11 (13-Feb-2014 - 13-Feb-2015) -1.07 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.31 3.64 0.44 1.04 1.54 1.00
Debt: Medium to Long Duration 5.97 3.53 0.22 0.51 1.27 -0.24
Rank within category 3 9 5 3 10 4
Number of funds in category 14 14 14 14 14 14

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 4 29 4 20
Modified Duration (yrs) 6.68 6.68 4.14 4.70
Average Maturity (yrs) 9.90 9.90 6.00 6.85
Yield to Maturity (%) 6.93 8.45 6.80 7.29

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 49.83 49.83
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 54.13 48.19
equal 8.70% REC 28/09/2028 Zero Coupon Bonds AAA 0.71 - 0.81 0.80
equal 7.73% GOI 19/12/2034 GOI Securities SOV 0.05 - 0.06 0.06

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

— Suyash Choudhary since 01-Jan-2013

Education: Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.

Experience: Prior to joining IDFC Mutual Fund he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.

Interviews:

Funds Managed:


0.31%

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

Growth: ₹ 50.8505

Dividend Yearly: ₹ 16.8957

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Dividend Quarterly: ₹ 12.3913

Dividend Periodic: ₹ 16.0946

Dividend Half Yearly: ₹ 12.5716


Investment Strategy

The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over long term such that the Macaulay duration of the portfolio is greater than 7 years.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.97%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 677 Cr (As on 31-Dec-2019)
Expense: 1.29% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-Dec-20190.0269

 25-Sep-20190.2661
 25-Jun-20190.3113
 27-Mar-20190.0645
 27-Dec-20180.4347
 26-Sep-20180.0024
 21-Sep-20170.0867
 27-Jun-20170.3322
 22-Mar-20170.0217
 22-Dec-20160.3756
 22-Sep-20160.3900
 23-Jun-20160.1806
 22-Mar-20160.1117
 21-Dec-20150.0602
 24-Sep-20150.1748
 23-Mar-20150.2732
 18-Dec-20140.5947
 19-Sep-20140.1521
 20-Jun-20140.3214
 28-May-20130.4381
 19-Mar-20130.0989
Dividend Half Yearly26-Sep-20190.0074

 25-Sep-20130.1471
 19-Mar-20130.1432
Dividend Yearly27-Mar-20190.9210

 20-Mar-20180.1900
 29-Mar-20171.3940
 17-Mar-20160.4649
 19-Mar-20151.2084
 29-Sep-20140.6359
 07-Mar-20140.3016

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: www.idfcmf.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

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM