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4 star

IDFC Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

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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(₹)
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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 4.97 -0.01 0.11 1.25 3.29 4.69 8.76 7.96 8.19 8.57 --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 4.69 --
Debt: Low Duration 3.57 0.00 0.15 2.27 3.01 3.29 6.57 5.45 6.51 7.19 --
Rank within category 12 23 22 13 11 12 15 11 9 4 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Low Duration Fund - Direct Plan
4 star
Jan-13 8.76 7.96 8.19 0.28 4,575
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 9.25 8.18 8.41 0.41 18,689
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.62 8.53 8.66 0.41 11,158
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.94 8.03 8.05 0.39 8,548
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 10.16 8.72 9.03 0.33 5,969

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.62 (24-Mar-2020 - 31-Mar-2020) -0.88 (12-Mar-2020 - 19-Mar-2020)
Month 2.24 (24-Mar-2020 - 23-Apr-2020) -0.88 (25-Feb-2020 - 26-Mar-2020)
Quarter 4.13 (24-Mar-2020 - 24-Jun-2020) 0.28 (24-Dec-2019 - 24-Mar-2020)
Year 10.64 (30-Aug-2013 - 01-Sep-2014) 6.24 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.67 0.85 2.80 5.38 0.91 3.49
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 5.03 3.72 1.27 2.47 0.20 -0.03
Rank within category 10 4 6 7 16 6
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 80 96 68 48
Modified Duration (yrs) 0.93 1.13 0.67 0.79
Average Maturity (yrs) 1.01 1.31 0.73 0.91
Yield to Maturity (%) 4.12 6.80 4.12 5.93

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 8.12% GOI 2020 Central Government Loan SOV 0.00 - 15.60 15.60
equal Reliance Industries 179-D 28/08/2020 Commercial Paper A1+ 0.00 - 7.29 6.52
new 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 4.63 4.63
new Export-Import Bank 91-D 03/09/2020 Commercial Paper A1+ 0.00 - 3.26 3.26
equal 6.99% REC 30/09/2024 Non Convertible Debenture AAA 0.00 - 3.04 2.83
equal 6.60% REC 21/03/2022 Debenture AAA 0.00 - 3.01 2.77
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 2.80 2.58
up 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 2.45 2.45
equal Axis Bank 18/08/2020 Certificate of Deposit A1+ 0.00 - 2.44 2.18
new Reserve Bank of India 91-D 03/09/2020 Treasury Bills SOV 0.00 - 2.17 2.17
new Export-Import Bank 182-D 01/12/2020 Commercial Paper A1+ 0.00 - 2.15 2.15
new ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 2.15 2.15
new Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 2.12 2.12
equal 8.09% Madhya Pradesh State 2025 State Development Loan SOV 0.00 - 2.01 1.80
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 1.78 1.78
new 6.22% HDFC 2021 Debenture AAA 0.00 - 1.66 1.66
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 4.05 1.59
new Axis Bank 30/10/2020 Certificate of Deposit A1+ 0.00 - 1.30 1.30
equal 8.30% Reliance Industries 2022 Debenture AAA 1.00 - 4.46 1.27
equal 8.40% Larsen & Toubro 24/09/2020 Debenture AAA 0.76 - 1.37 1.22
down 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 1.15 - 2.10 1.15
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.31 - 1.26 1.15
new 7.85% LIC Housing Fin. 23/09/2022 Debenture AAA 0.00 - 1.14 1.14
equal LIC Housing Fin. 25/02/2022 Debenture AAA 0.79 - 1.22 1.13
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 4.13 1.12

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 30-Jun-2020

Fund Manager

— Anurag Mittal since 09-Nov-2015

Education: Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.

Experience: Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).

Funds Managed:


-0.01%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 29.7885

Dividend Weekly: ₹ 10.0973

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Dividend Quarterly: ₹ 10.6984

Dividend Monthly: ₹ 10.1645

Dividend Daily: ₹ 10.1099

Dividend: ₹ 10.4782


Investment Strategy

The scheme aims to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.63%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,575 Cr (As on 30-Jun-2020)
Expense: 0.28% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily13-Jul-20200.0018

 10-Jul-20200.0050
 09-Jul-20200.0003
 08-Jul-20200.0055
 07-Jul-20200.0071
 06-Jul-20200.0086
 03-Jul-20200.0045
 02-Jul-20200.0053
 01-Jul-20200.0040
 30-Jun-20200.0038
 29-Jun-20200.0041
 26-Jun-20200.0041
 25-Jun-20200.0084
 24-Jun-20200.0037
 23-Jun-20200.0075
 22-Jun-20200.0064
 19-Jun-20200.0130
 18-Jun-20200.0100
 17-Jun-20200.0080
 16-Jun-20200.0071
 15-Jun-20200.0088
 12-Jun-20200.0048
 11-Jun-20200.0075
 10-Jun-20200.0046
 09-Jun-20200.0032
Dividend Weekly10-Jul-20200.0240

 03-Jul-20200.0217
 26-Jun-20200.0175
 19-Jun-20200.0369
 12-Jun-20200.0218
 05-Jun-20200.0111
 29-May-20200.0010
 22-May-20200.0422
 15-May-20200.0278
 08-May-20200.0394
 30-Apr-20200.0019
 24-Apr-20200.0117
 17-Apr-20200.0219
 03-Apr-20200.0141
 27-Mar-20200.0199
 06-Mar-20200.0159
 28-Feb-20200.0026
 20-Feb-20200.0029
 14-Feb-20200.0110
 07-Feb-20200.0258
 31-Jan-20200.0088
 24-Jan-20200.0127
 17-Jan-20200.0071
 10-Jan-20200.0083
 03-Jan-20200.0124
Dividend Monthly26-Jun-20200.1099

 28-May-20200.1124
 28-Apr-20200.0493
 27-Mar-20200.0361
 28-Feb-20200.0451
 28-Jan-20200.0470
 27-Dec-20190.0226
 28-Nov-20190.0444
 30-Oct-20190.0672
 27-Sep-20190.0306
 29-Aug-20190.0630
 30-Jul-20190.0711
 27-Jun-20190.0364
 30-May-20190.0722
 26-Apr-20190.0370
 28-Mar-20190.0605
 27-Feb-20190.0421
 30-Jan-20190.0543
 28-Dec-20180.0533
 29-Nov-20180.0590
 30-Oct-20180.0578
 27-Sep-20180.0240
 30-Aug-20180.0459
 30-Jul-20180.0533
 28-Jun-20180.0447
Dividend Quarterly26-Jun-20200.3935

 24-Mar-20200.0934
 26-Dec-20190.1334
 25-Sep-20190.1702
 25-Jun-20190.1416
 27-Mar-20190.1482
 27-Dec-20180.1702
 26-Sep-20180.1216
 26-Jun-20180.0957
 22-Mar-20180.1133
 21-Dec-20170.1040
 21-Sep-20170.1156
 27-Jun-20170.1445
 22-Mar-20170.1083
 22-Dec-20160.1372
 22-Sep-20160.1589
 23-Jun-20160.1589
 22-Mar-20160.1180
 21-Dec-20150.1094
 24-Sep-20150.1371
 23-Jun-20150.1546
 23-Mar-20150.1448
 18-Dec-20140.1526
 19-Sep-20140.1509
 20-Jun-20140.1797
Dividend26-Mar-20203.8272

 24-Mar-20203.8272
 12-Sep-20141.2842
 28-May-20130.2577

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: http://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

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