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Edelweiss Corporate Bond Fund - Direct Plan


1 Lakh

Investment declined to
₹ 0.95 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.15 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

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

  • 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund -5.81 0.32 1.39 -5.07 2.22 4.93 --
VR Bond 6.71 -0.12 0.36 7.30 5.80 6.98 --
Debt: Corporate Bond 5.47 0.27 1.65 6.21 5.53 7.05 --
Rank within category 18 7 17 18 14 13 --
Number of funds in category 19 21 21 19 15 14 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 3.26 (12-Feb-2019 - 14-Mar-2019) -13.14 (10-May-2019 - 10-Jun-2019)
Quarter 4.53 (28-Dec-2018 - 31-Mar-2019) -12.49 (11-Mar-2019 - 10-Jun-2019)
Year 11.64 (30-Sep-2014 - 30-Sep-2015) -5.93 (08-Jun-2018 - 10-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.55 7.83 -0.41 -0.24 -0.20 -3.25
VR Bond 5.65 2.30 -0.06 -0.09 -- --
Debt: Corporate Bond 5.48 4.11 0.53 0.94 0.48 -0.23
Rank within category 14 14 14 15 2 14
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 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 21 13 63
Modified Duration (yrs) 2.32 2.61 1.36 2.34
Average Maturity (yrs) 3.14 3.67 1.67 3.14
Yield to Maturity (%) 8.78 11.09 6.63 7.07

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 10.25% SD Corporation 17/04/2021 Debenture AA- 0.00 - 26.81 26.81
equal 8.90% Dewan Housing Fin. Corpn. 2021 Debenture D 0.00 - 10.44 10.44
up 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 0.00 - 7.86 7.86
equal 8.25% Indiabulls Housing Finance 13/03/2020 Debenture AA+ 0.00 - 7.71 7.71
equal 9.10% Dewan Housing Fin. Corpn. 16/08/2021 Debenture D 0.00 - 7.00 7.00
equal 8.95% Food Corporation of India 2029 Debenture AAA 0.00 - 10.27 6.15
equal 7.34% Power Grid Corporation 15/07/2029 Debenture AAA 0.00 - 5.60 5.60
equal 7.99% Tata Power 16/11/2020 Non Convertible Debenture AA 1.02 - 5.58 5.58
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 5.18 5.18
equal 8.28% Oriental Nagpur Betul Highway 30/03/2022 Debenture AAA 0.00 - 5.01 5.01
equal 8.41% HUDCO 15/03/2029 Debenture AAA 0.00 - 2.40 2.40
equal 8.20% Power Grid Corporation 23/01/2020 Debenture AAA 0.00 - 1.40 1.40
equal Reliance Retail Ltd. 20/12/2021 Zero Coupon Bonds AAA 0.00 - 0.65 0.65
equal 10.40% Sikka Ports and Terminals 18/07/2021 Bonds/NCDs AAA 0.05 - 0.29 0.29

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-Nov-2019

Fund Manager

— Dhawal Dalal since 26-Nov-2016

Education: Mr. Dalal is a B.E and MBA.

Experience: Prior to joining Edelweiss AMC he has worked with DSP Mutual Fund, Merrill Lynch Asset Management, Private Client Group and MLAM.

Funds Managed:

— Gautam Kaul since 03-Aug-2017

Education: Mr. Kaul is a B.Com (H) and MBA (Finance).

Experience: Prior to joining Edelweiss AMC he has worked with Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd..

Funds Managed:


0.00%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 13.2453

Dividend Yearly: ₹ 13.2071

Dividend: ₹ 13.2445


Investment Strategy

The scheme aims to generate returns commensurate with risks of investing in a portfolio comprising of AA+ and above rated corporate bonds across the maturity spectrum.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 22-Sep-2014
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 36 Cr (As on 30-Nov-2019)
Expense: 0.70% (As on 30-Nov-2019)
Risk Grade: High
Return Grade: Below Average
Turnover: --

Contact Information

AMC: Edelweiss Asset Management Ltd.

Address: 801- 802 & 803 - 8th Floor, Windsor Off C.S.T. Road, Kalina-Santacruz (E), Mumbai - 400098

Phone: 40933400 / 1800-425-0090

Email: [email protected]

Website: www.edelweissmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM