1 Lakh
Investment declined to₹ 10000
Monthly SIP Declined toSuitability:
Credit risk funds invest mainly in corporate bonds which are below the highest rating assigned 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 of all types of debt funds. However, they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than highest rated bonds. Moreover, investors can also benefit if the rating of these bonds is subsequently upgraded.
But like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.
Taxability of earnings:
Capital gains
Dividends
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| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -8.16 | 0.18 | 0.67 | 2.34 | 4.53 | -8.28 | -10.07 | -1.97 | 1.76 | -- | -- |
| CCIL T Bill Liquidity Weight | 2.07 | 0.03 | 0.05 | 0.26 | 0.89 | 1.91 | 3.96 | 4.16 | 4.32 | -- | -- |
| Debt: Credit Risk | -2.60 | 0.15 | 0.82 | 2.11 | -0.61 | -2.87 | -0.69 | 1.10 | 3.82 | -- | -- |
| Rank within category | 16 | 6 | 6 | 6 | 2 | 16 | 17 | 15 | 13 | -- | -- |
| Number of funds in category | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 17 | 15 | 6 | 3 |
As on 10-Jul-2020
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
|---|---|---|---|---|---|---|---|
| IDBI Credit Risk Fund - Regular Plan |  |
Mar-14 | -10.07 | -1.97 | 1.76 | 1.38 | 44 |
| ICICI Prudential Credit Risk Fund | Invest Now |  |
Dec-10 | 10.16 | 7.92 | 8.35 | 1.59 | 6,562 |
| HDFC Credit Risk Debt Fund - Regular Plan | Invest Online |  |
Mar-14 | 9.53 | 7.21 | 8.30 | 1.57 | 6,309 |
| SBI Credit Risk Fund | Invest Online | |
Jul-04 | 8.90 | 6.76 | 7.92 | 1.54 | 3,895 |
| Kotak Credit Risk Fund Regular Plan | Invest Online | |
May-10 | 7.64 | 6.93 | 7.95 | 1.80 | 2,004 |
| Best (Period) | Worst (Period) | |
|---|---|---|
| Week | 2.68 (24-Mar-2020 - 31-Mar-2020) | -13.24 (04-Mar-2020 - 11-Mar-2020) |
| Month | 3.16 (29-Apr-2020 - 29-May-2020) | -15.08 (25-Feb-2020 - 26-Mar-2020) |
| Quarter | 5.11 (26-Mar-2020 - 25-Jun-2020) | -14.16 (29-Jan-2020 - 29-Apr-2020) |
| Year | 10.30 (11-Apr-2014 - 13-Apr-2015) | -19.78 (30-Apr-2019 - 29-Apr-2020) |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | -1.81 | 9.02 | -0.79 | -0.45 | -8.97 | -18.12 |
| CCIL T Bill Liquidity Weight | 4.07 | 0.28 | -4.34 | -7.86 | -- | -- |
| Debt: Credit Risk | 1.18 | 6.40 | -0.30 | -0.09 | -2.78 | -7.53 |
| Rank within category | 16 | 16 | 14 | 13 | 2 | 17 |
| Number of funds in category | 18 | 18 | 18 | 18 | 18 | 18 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 30-Jun-2020
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Number of Securities | 10 | 11 | 10 | 27 |
| Modified Duration (yrs) | 2.00 | 2.11 | 1.89 | -- |
| Average Maturity (yrs) | 2.50 | 2.65 | 2.39 | -- |
| Yield to Maturity (%) | 8.89 | 10.49 | 8.70 | -- |
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| Company | Instrument | Credit Rating | 1Y Range | % Assets | |
|---|---|---|---|---|---|
|
9.21% Punjab National Bank | Bonds | A | 20.34 - 33.15 | 33.15 |
|
|
7.99% Tata Power 16/11/2022 | Debenture | AA | 13.57 - 22.94 | 22.94 |
|
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9.60% Hindalco Inds. 2022 | Bonds/NCDs | AA | 11.12 - 17.88 | 17.88 |
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8.37% HUDCO 25/03/2029 | Debenture | AAA | 0.00 - 8.89 | 8.84 |
|
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11.00% JK Cement 24/01/2021 | Debenture | AA | 5.07 - 9.99 | 6.88 |
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8.75% Axis Bank 28/06/2022 | Bonds | AA+ | 1.37 - 2.26 | 2.26 |
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8.50% Vedanta 2021 | Debenture | AA | 2.14 - 15.53 | 2.16 |
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9.25% Reliance Jio Infocomm 16/06/2024 | Debenture | AAA | 1.40 - 9.91 | 1.50 |
|
|
Yes Bank | Bonds/NCDs | D | 0.00 - 0.00 | 0.00 |
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8.90% Dewan Housing Fin. Corpn. 2021 | Debenture | D | 0.00 - 3.58 | 0.00 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Jun-2020
*As on 31-May-2020
— 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:
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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.
| Minimum Investment (₹) | 5,000 |
| Minimum Addl Investment (₹) | 1,000 |
| Minimum SIP Investment (₹) | 500 |
| Minimum No of Cheques | 12 |
| Minimum Withdrawal (₹) | 1,000 |
| Minimum Balance (₹) | 5,000 |
| Exit Load | 1% for redemption within 365 days |
| Fund House: | IDBI Mutual Fund |
| Launch Date: | 03-Mar-2014 |
| Return Since Launch: | 3.44% |
| Benchmark: | NIFTY Credit Risk Bond |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | ₹ 44 Cr (As on 30-Jun-2020) |
| Expense: | 1.38% (As on 31-May-2020) |
| Risk Grade: | Above Average |
| Return Grade: | Below Average |
| Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Quarterly | 21-Feb-2019 | 0.1785 | |||||||||||||||||||||||||||||||||
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| Dividend Yearly | 22-May-2018 | 0.5795 | |||||||||||||||||||||||||||||||||
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AMC: IDBI Asset Management Ltd.
Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005
Phone: 022-66442800 / 1800-419-4324
Fax: 022-66442801
Email: [email protected]
Website: http://www.idbimutual.co.in
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Phone: 040-44857874
Email: [email protected]
Website: www.karvymfs.com
Friday, 17-Jul-2020
12:30 PM - 01:00 PM