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IDFC Bond Fund Medium Term Plan - Regular Plan

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Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 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 retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 2.43 0.12 0.04 1.64 2.38 4.23 10.90 7.41 7.81 7.98 8.16
VR Bond 1.75 0.07 0.37 1.53 2.32 3.35 8.96 6.97 7.16 7.54 7.44
Debt: Medium Duration 1.88 0.15 0.11 1.55 1.79 3.45 5.67 6.08 6.88 7.52 7.61
Rank within category 9 14 15 12 10 9 4 6 6 5 4
Number of funds in category 18 19 19 19 17 17 16 15 13 9 8

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.31 (11-Dec-2008 - 18-Dec-2008) -4.77 (02-Jan-2009 - 09-Jan-2009)
Month 9.01 (18-Nov-2008 - 18-Dec-2008) -4.71 (02-Jan-2009 - 03-Feb-2009)
Quarter 10.96 (03-Oct-2008 - 02-Jan-2009) -4.38 (05-Jan-2009 - 06-Apr-2009)
Year 15.94 (03-Jan-2008 - 02-Jan-2009) 0.66 (05-Jan-2004 - 04-Jan-2005)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.65 1.89 0.52 1.08 0.72 0.72
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Medium Duration 5.09 3.17 0.03 0.30 0.56 -0.78
Rank within category 5 4 3 2 13 5
Number of funds in category 16 16 16 16 16 16

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 28 57 28 45
Modified Duration (yrs) 3.86 3.86 2.34 3.11
Average Maturity (yrs) 4.86 4.86 3.23 4.33
Yield to Maturity (%) 6.83 8.22 6.69 8.85

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.17% GOI 2028 GOI Securities SOV 0.00 - 26.40 26.40
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 18.39 18.39
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 44.50 14.99
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 3.09 - 8.55 8.44
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 6.06 5.94
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 5.11 5.11
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 4.80 4.79
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 2.45 2.41
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 1.81 1.78
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 1.69 - 2.40 1.71
equal 8.83% REC 21/01/2022 Non Convertible Debenture AAA 1.40 - 2.00 1.41
equal First Business Receivable Trust Securitised Debt AAA 0.05 - 0.09 1.34
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 0.88 0.86
equal 7.50% Bajaj Finance 2020 Non Convertible Debenture AAA 0.85 - 1.22 0.85
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 0.00 - 0.85 0.85
down 7.40% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.62 - 0.93 0.62
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 2.31 0.53
equal 7.22% LIC Housing Fin. 19/11/2021 Non Convertible Debenture AAA 0.00 - 0.51 0.51
equal 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 0.35 - 0.50 0.35
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 0.34 0.34
equal 8.40% IRFC 2029 Debenture AAA 0.00 - 1.74 0.18
equal 8.18% National Bank Agr. Rur. Devp 26/12/2028 Debenture AAA 0.18 - 1.98 0.18
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 0.18 0.17
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.17 - 0.24 0.17
equal 8.37% Tamilnadu State 2028 State Development Loan SOV 0.07 - 0.10 0.07

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-Jan-2020

Fund Manager

— Suyash Choudhary since 16-Sep-2015

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:

0.12%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 34.0626

Dividend Quarterly: ₹ 11.2098

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Dividend Periodic: ₹ 15.5545

Dividend Monthly: ₹ 10.3269

Dividend Fortnightly: ₹ 10.2120

Dividend Daily: ₹ 10.2092

Dividend Bimonthly: ₹ 12.0945

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 medium term such that the Macaulay duration of the portfolio is between 3 years and 4 years.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
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: 08-Jul-2003
Return Since Launch: 7.64%
Benchmark: Nifty AAA Medium Duration Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,951 Cr (As on 31-Jan-2020)
Expense: 1.44% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly18-Feb-20200.0781

 04-Feb-20200.0572
 21-Jan-20200.0139
 07-Jan-20200.0110
 26-Nov-20190.0446
 11-Nov-20190.0138
 29-Oct-20190.0209
 15-Oct-20190.0232
 01-Oct-20190.0095
 03-Sep-20190.0425
 20-Aug-20190.0031
 06-Aug-20190.0473
 23-Jul-20190.0341
 09-Jul-20190.0384
 25-Jun-20190.0429
 11-Jun-20190.0199
 28-May-20190.0842
 14-May-20190.0018
 02-Apr-20190.0608
 19-Mar-20190.0659
 05-Mar-20190.0235
 18-Feb-20190.0260
 22-Jan-20190.0182
 08-Jan-20190.0117
 24-Dec-20180.0463
Dividend Daily14-Feb-20200.0070

 13-Feb-20200.0088
 10-Feb-20200.0084
 07-Feb-20200.0157
 06-Feb-20200.0386
 05-Feb-20200.0022
 04-Feb-20200.0035
 03-Feb-20200.0263
 27-Jan-20200.0078
 24-Jan-20200.0067
 23-Jan-20200.0103
 22-Jan-20200.0025
 21-Jan-20200.0026
 09-Jan-20200.0005
 03-Jan-20200.0077
 04-Dec-20190.0059
 03-Dec-20190.0017
 28-Nov-20190.0052
 27-Nov-20190.0005
 25-Nov-20190.0033
 20-Nov-20190.0055
 19-Nov-20190.0059
 18-Nov-20190.0085
 15-Nov-20190.0051
 14-Nov-20190.0059
Dividend Bimonthly28-Jan-20200.0142

 28-Nov-20190.1390
 26-Sep-20190.0991
 26-Jul-20190.2165
 30-May-20190.0676
 28-Mar-20190.1320
 30-Jan-20190.0980
 29-Nov-20180.1414
 27-Sep-20180.0294
 30-Jul-20180.1057
 26-Mar-20180.0292
 29-Nov-20170.0506
 27-Sep-20170.0578
 28-Jul-20170.1156
 30-May-20170.0650
 29-Mar-20170.0072
 30-Jan-20170.0217
 29-Nov-20160.1878
 27-Sep-20160.1083
 28-Jul-20160.1300
 30-May-20160.1083
 28-Mar-20160.0749
 28-Jan-20160.0688
 27-Nov-20150.1175
 24-Sep-20150.0598
Dividend Monthly28-Jan-20200.0403

 28-Nov-20190.0589
 30-Oct-20190.0708
 29-Aug-20190.0626
 30-Jul-20190.1272
 27-Jun-20190.0620
 30-May-20190.1119
 26-Apr-20190.0035
 28-Mar-20190.1180
 27-Feb-20190.0208
 30-Jan-20190.0307
 28-Dec-20180.0700
 29-Nov-20180.0875
 30-Oct-20180.0673
 27-Sep-20180.0072
 30-Aug-20180.0323
 30-Jul-20180.0592
 28-Jun-20180.0264
 30-May-20180.0179
 26-Apr-20180.0006
 26-Mar-20180.0433
 29-Nov-20170.0162
 30-Oct-20170.0241
 27-Sep-20170.0034
 30-Aug-20170.0457
Dividend Quarterly26-Dec-20190.0773

 25-Sep-20190.1991
 25-Jun-20190.1816
 27-Mar-20190.1381
 27-Dec-20180.2234
 26-Sep-20180.0806
 26-Jun-20180.0304
 22-Mar-20180.0372
 21-Dec-20170.0407
 21-Sep-20170.1156
 27-Jun-20170.1733
 22-Mar-20170.0650
 22-Dec-20160.1878
 22-Sep-20160.2167
 23-Jun-20160.1517
 22-Mar-20160.1096
 21-Dec-20150.1203
 24-Sep-20150.1219
 23-Jun-20150.0754
 23-Mar-20150.1618
 18-Dec-20140.2702
 19-Sep-20140.1297
 20-Jun-20140.2273
 21-Mar-20140.1230
 20-Dec-20130.0368

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

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