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2 star

IDBI Credit Risk Fund - Regular Plan download report


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

"Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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
IDBI Credit Risk Reg-G 0.03 0.08 0.21 0.00 -0.96 0.10 13.38 3.42 2.88 4.25 --
CCIL T Bill Liquidity Weight 0.83 -0.02 0.06 0.18 0.33 0.88 1.92 2.68 3.31 3.68 --
Debt: Credit Risk 9.96 0.05 0.17 0.15 8.11 10.00 15.45 5.42 4.03 5.52 --
Rank within category 13 2 2 13 14 12 3 13 12 12 --
Number of funds in category 15 15 15 15 15 15 15 15 15 14 4

As on 27-Jun-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDBI Credit Risk Fund - Regular Plan
2 star
Mar-14 13.38 3.42 2.88 1.35% 32
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
Mar-14 3.42 7.58 6.86 1.58% 8,640
ICICI Prudential Credit Risk Fund  | Invest Now
4 star
Dec-10 4.41 7.66 7.27 1.54% 8,022
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 3.72 6.41 6.20 1.55% 3,035
Axis Credit Risk Fund - Regular Plan
4 star
Jul-14 3.55 6.48 5.55 1.68% 690

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.80 23-Sep-2021 - 30-Sep-2021 -13.24 04-Mar-2020 - 11-Mar-2020
Month 10.57 24-Sep-2021 - 26-Oct-2021 -15.08 25-Feb-2020 - 26-Mar-2020
Quarter 12.24 11-Aug-2021 - 10-Nov-2021 -14.16 29-Jan-2020 - 29-Apr-2020
Year 18.17 01-Oct-2020 - 01-Oct-2021 -19.78 30-Apr-2019 - 29-Apr-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
IDBI Credit Risk Reg-G 1.74 10.84 -0.16 -0.13 -14.64 -13.62
CCIL T Bill Liquidity Weight 2.69 0.37 -2.20 -4.41 -- --
Debt: Credit Risk 5.37 10.07 0.54 0.71 -5.95 -2.95
Rank within category 14 13 14 14 2 13
Number of funds in category 15 15 15 15 15 15

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

As on 31-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 13 11 30
Modified Duration (yrs) 2.76 3.58 1.77 1.71
Average Maturity (yrs) 3.98 5.44 2.43 2.37
Yield to Maturity (%) 7.37 7.39 5.77 7.14
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.50% JSW Steel 2027 Debenture AA 0.00 - 10.99 10.99
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 7.42 - 10.93 10.93
equal 6.95% Tata Motors 31/03/2026 Debenture AA- 0.00 - 10.64 10.64
equal 7.99% Tata Power Company 16/11/2022 Debenture AA 6.39 - 9.41 9.41
equal 6.92% Godrej Industries 14/05/2025 Debenture AA 6.33 - 9.13 9.13
new 6.54% GOI 17/01/2032 GOI Securities SOV 0.00 - 8.79 8.79
equal 9.00% SAIL 14/10/2024 Bonds AA 0.00 - 7.69 7.69
equal 6.75% Piramal Capital & Housing Finance 26/09/2031 Debenture AA 0.00 - 6.40 6.40
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 6.05 - 7.60 6.25
down 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 17.59 5.90
equal 8.75% Axis Bank Additional Tier 1 Bond AA+ 2.13 - 3.11 3.11
equal 6.50% Power Finance Corporation 17/09/2025 Non Convertible Debenture AAA 0.89 - 8.30 0.91
equal 9.00% Yes Bank Additional Tier 1 Bond D 0.00 - 0.00 0.00

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-May-2022

Fund Manager

— Bhupesh Kalyani since 01-Feb-2017

Education: Mr. Kalyani is a CA, ICWA and CISA.

Experience: Prior to joining IDBI AMC he was with LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.

Funds Managed:


-0.03%

Change from previous, NAV as on 28-Jun-2022

Growth: ₹ 15.1743

IDCW Yearly: ₹ 11.3479

IDCW Quarterly: ₹ 10.7372


Investment Strategy

The Scheme seeks to generate regular income and opportunities for capital appreciation by investing predominantly in AA and below rated corporate bonds across maturity spectrum.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 5,000
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 03-Mar-2014
Return Since Launch: 5.12%
Benchmark: NIFTY Credit Risk Bond Index C-III
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 32 Cr (As on 31-May-2022)
Expense: 1.35% (As on 31-May-2022)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly21-Feb-20190.1785

 06-Nov-20180.1033
 22-May-20180.3899
 28-Jul-20170.2355
 21-Apr-20170.8315
 20-Oct-20150.1189
 07-Jul-20150.1780
 30-Mar-20150.3184
 30-Sep-20140.3117
IDCW Yearly22-May-20180.5795

 21-Apr-20171.0921
 30-Mar-20150.6304

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Fax: 022-66442801

Website: http://www.idbimutual.co.in

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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