VR Logo

2 star

IDBI Credit Risk Fund - Direct Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.36 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 15.77 0.06 0.46 10.30 12.00 14.34 18.55 3.18 4.31 5.94 --
CCIL T Bill Liquidity Weight 1.64 0.03 0.06 0.17 0.57 1.12 2.12 3.34 3.63 4.07 --
Debt: Credit Risk 8.66 0.06 0.22 2.72 4.13 6.45 10.79 3.66 4.56 7.37 --
Rank within category 3 3 2 2 2 2 3 14 12 11 --
Number of funds in category 16 16 16 16 16 16 16 16 15 12 0

As on 14-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDBI Credit Risk Fund - Direct Plan
2 star
Mar-14 18.55 3.18 4.31 0.62 49
HDFC Credit Risk Debt Fund - Direct Plan  | Invest Online
5 star
Mar-14 9.69 9.86 8.48 1.08 8,607
ICICI Prudential Credit Risk Fund - Direct Plan  | Invest Now
5 star
Jan-13 8.05 9.59 8.73 0.88 8,053
SBI Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.98 8.22 7.76 0.92 3,380
Aditya Birla Sun Life Credit Risk Fund - Direct Plan  | Invest Online
4 star
Apr-15 8.52 7.35 7.58 1.15 1,451

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.81 23-Sep-2021 - 30-Sep-2021 -13.23 04-Mar-2020 - 11-Mar-2020
Month 10.32 31-Aug-2021 - 30-Sep-2021 -15.04 25-Feb-2020 - 26-Mar-2020
Quarter 11.97 15-Jul-2021 - 14-Oct-2021 -14.03 29-Jan-2020 - 29-Apr-2020
Year 19.02 01-Oct-2020 - 01-Oct-2021 -19.27 30-Apr-2019 - 29-Apr-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.58 10.88 -0.03 -0.03 -11.68 -7.51
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Credit Risk 3.90 7.16 0.82 0.91 -4.84 -3.01
Rank within category 13 14 12 13 2 14
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 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 13 10 30
Modified Duration (yrs) 2.98 3.74 1.23 1.97
Average Maturity (yrs) 4.34 5.49 1.45 2.71
Yield to Maturity (%) 6.35 6.93 5.70 5.98
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.21% Punjab National Bank Additional Tier 1 Bond AA 20.72 - 40.04 20.72
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 11.96 10.23
equal 8.50% JSW Steel 2027 Debenture AA 0.00 - 8.67 7.46
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 9.34 7.42
equal 6.95% Tata Motors 31/03/2026 Debenture AA- 0.00 - 8.49 7.31
equal 6.50% Power Finance Corporation 17/09/2025 Non Convertible Debenture AAA 0.00 - 8.62 6.76
equal 7.99% Tata Power Company 16/11/2022 Debenture AA 6.39 - 8.20 6.39
equal 6.92% Godrej Industries 14/05/2025 Debenture AA 0.00 - 7.85 6.33
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.00 - 7.84 6.18
new 6.75% Piramal Capital & Housing Finance 26/09/2031 Debenture AA 0.00 - 4.04 4.04
equal 8.75% Axis Bank Additional Tier 1 Bond AA+ 2.13 - 2.71 2.13
equal 5.78% Chennai Petroleum Corporation 17/07/2025 Non Convertible Debenture AAA 0.00 - 1.04 0.82
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 30-Sep-2021

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:


0.06%

Change from previous, NAV as on 14-Oct-2021

Growth: ₹ 16.0260

IDCW Yearly: ₹ 12.2650

IDCW Quarterly: ₹ 10.9307


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

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
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: 6.36%
Benchmark: NIFTY Credit Risk Bond Index
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 49 Cr (As on 30-Sep-2021)
Expense: 0.62% (As on 31-Aug-2021)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly21-Feb-20190.1923

 06-Nov-20180.1299
 22-May-20180.4985
 28-Jul-20170.3052
 21-Apr-20170.9376
 20-Oct-20150.1311
 07-Jul-20150.1348
 30-Mar-20150.3108
 30-Sep-20140.3507
IDCW Yearly22-May-20182.2136

Contact Information

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

Last Session

Investors' Hangout

Webinar: All about MF Central

DateThursday, 14-Oct-2021
Time12:30 PM - 01:00 PM

Registration Over