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4 star

IDFC Low Duration Fund - Regular Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 4.58 0.04 0.21 1.22 2.73 4.45 8.70 7.76 7.99 8.39 8.66
CCIL T Bill Liquidity Weight 2.02 0.02 0.05 0.25 0.87 1.95 4.02 4.18 4.33 4.71 4.78
Debt: Low Duration 1.89 0.02 0.18 0.94 1.33 1.78 5.09 4.62 5.81 6.54 7.09
Rank within category 9 16 13 5 8 9 10 6 3 2 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 17

As on 03-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Low Duration Fund - Regular Plan
4 star
Jan-06 8.70 7.76 7.99 0.48 4,144
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 9.23 8.02 8.24 0.50 18,250
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 8.47 7.73 7.82 1.04 8,727
Axis Treasury Advantage Fund  | Invest Online
5 star
Oct-09 8.96 7.93 7.91 0.58 4,777
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 9.43 7.92 8.21 1.07 4,051

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.62 (24-Mar-2020 - 31-Mar-2020) -0.89 (12-Mar-2020 - 19-Mar-2020)
Month 2.22 (24-Mar-2020 - 23-Apr-2020) -0.90 (25-Feb-2020 - 26-Mar-2020)
Quarter 4.07 (24-Mar-2020 - 24-Jun-2020) 0.22 (24-Dec-2019 - 24-Mar-2020)
Year 10.52 (30-Aug-2013 - 01-Sep-2014) 4.25 (06-Jun-2009 - 06-Jun-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.47 0.84 2.57 4.83 0.91 3.29
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 4.56 3.72 0.95 1.91 0.20 -0.50
Rank within category 6 4 4 5 18 4
Number of funds in category 25 25 25 25 25 25

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 68 96 67 45
Modified Duration (yrs) 0.84 1.13 0.67 0.82
Average Maturity (yrs) 0.97 1.31 0.73 0.96
Yield to Maturity (%) 4.59 7.33 4.59 6.44

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.37% National Bank Agr. Rur. Devp 22/06/2020 Debenture AAA 0.00 - 11.23 10.41
equal Reliance Industries 179-D 28/08/2020 Commercial Paper A1+ 0.00 - 7.29 7.17
new 8.04% Chhattisgarh State 17/10/2020 State Development Loan SOV 0.00 - 4.90 4.90
equal 7.42% Power Finance Corp. 26/06/2020 Debenture AAA 1.20 - 4.77 4.23
equal Axis Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 3.19 3.13
new 6.60% REC 21/03/2022 Debenture AAA 0.00 - 3.01 3.01
equal 6.99% REC 30/09/2024 Non Convertible Debenture AAA 0.00 - 3.04 3.00
new HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 2.80 2.80
new 8.44% Madhya Pradesh State 2020 State Development Loan SOV 0.00 - 2.47 2.47
equal Axis Bank 18/08/2020 Certificate of Deposit A1+ 0.00 - 2.44 2.40
equal 7.39% LIC Housing Fin. 30/08/2022 Debenture AAA 0.00 - 2.21 2.20
equal 8.09% Madhya Pradesh State 2025 State Development Loan SOV 0.00 - 2.01 1.98
equal 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 0.65 - 2.10 1.87
equal 7.55% HDB Financial Services 19/06/2020 Bonds AAA 0.00 - 2.06 1.81
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 4.05 1.72
equal 6.83% REC 29/06/2020 Debenture AAA 0.00 - 1.74 1.69
equal 8.30% Reliance Industries 2022 Debenture AAA 1.00 - 4.46 1.38
new HDFC 16/09/2020 Debenture AAA 0.00 - 1.35 1.35
equal 8.40% Larsen & Toubro 24/09/2020 Debenture AAA 0.00 - 1.37 1.34
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 1.26 1.25
new 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 1.23 1.23
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.81 - 2.02 1.22
equal 7.45% LIC Housing Fin. 13/01/2023 Debenture AAA 0.00 - 1.23 1.22
equal 6.77% Larsen & Toubro 20/08/2020 Non Convertible Debenture AAA 0.00 - 1.24 1.21
down 6.90% REC 30/06/2022 Debenture AAA 0.00 - 4.13 1.21

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-2020

Fund Manager

— Anurag Mittal since 09-Nov-2015

Education: Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.

Experience: Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).

Funds Managed:


0.04%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 29.3554

Dividend Weekly: ₹ 10.1277

More

Dividend Quarterly: ₹ 10.7464

Dividend Monthly: ₹ 10.1236

Dividend Daily: ₹ 10.0940

Dividend: ₹ 10.4430


Investment Strategy

The scheme aims to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
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: 17-Jan-2006
Return Since Launch: 7.73%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,144 Cr (As on 31-May-2020)
Expense: 0.48% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Jul-20200.0045

 02-Jul-20200.0052
 01-Jul-20200.0039
 30-Jun-20200.0037
 29-Jun-20200.0040
 26-Jun-20200.0025
 25-Jun-20200.0075
 24-Jun-20200.0009
 23-Jun-20200.0057
 22-Jun-20200.0004
 19-Jun-20200.0040
 18-Jun-20200.0086
 17-Jun-20200.0079
 16-Jun-20200.0070
 15-Jun-20200.0086
 12-Jun-20200.0047
 11-Jun-20200.0074
 10-Jun-20200.0046
 09-Jun-20200.0031
 08-Jun-20200.0015
 05-Jun-20200.0004
 04-Jun-20200.0037
 03-Jun-20200.0023
 26-May-20200.0049
 22-May-20200.0159
Dividend Monthly26-Jun-20200.1080

 28-May-20200.1102
 28-Apr-20200.0472
 27-Mar-20200.0348
 28-Feb-20200.0437
 28-Jan-20200.0455
 27-Dec-20190.0213
 28-Nov-20190.0430
 30-Oct-20190.0655
 27-Sep-20190.0292
 29-Aug-20190.0618
 30-Jul-20190.0698
 27-Jun-20190.0354
 30-May-20190.0709
 26-Apr-20190.0359
 28-Mar-20190.0595
 27-Feb-20190.0415
 30-Jan-20190.0529
 28-Dec-20180.0517
 29-Nov-20180.0572
 30-Oct-20180.0559
 27-Sep-20180.0224
 30-Aug-20180.0441
 30-Jul-20180.0515
 28-Jun-20180.0432
Dividend Quarterly26-Jun-20200.3904

 24-Mar-20200.0903
 26-Dec-20190.1302
 25-Sep-20190.1679
 25-Jun-20190.1395
 27-Mar-20190.1467
 27-Dec-20180.1666
 26-Sep-20180.1176
 26-Jun-20180.0918
 22-Mar-20180.1113
 21-Dec-20170.1021
 21-Sep-20170.1156
 27-Jun-20170.1445
 22-Mar-20170.1083
 22-Dec-20160.1372
 22-Sep-20160.1589
 23-Jun-20160.1589
 22-Mar-20160.1271
 21-Dec-20150.1293
 24-Sep-20150.1359
 23-Jun-20150.1535
 23-Mar-20150.1434
 18-Dec-20140.1517
 19-Sep-20140.1504
 20-Jun-20140.1795
Dividend Weekly26-Jun-20200.0268

 19-Jun-20200.0364
 12-Jun-20200.0214
 05-Jun-20200.0107
 29-May-20200.0006
 22-May-20200.0419
 15-May-20200.0274
 08-May-20200.0390
 30-Apr-20200.0015
 24-Apr-20200.0113
 17-Apr-20200.0210
 03-Apr-20200.0137
 27-Mar-20200.0191
 06-Mar-20200.0157
 28-Feb-20200.0022
 20-Feb-20200.0027
 14-Feb-20200.0107
 07-Feb-20200.0255
 31-Jan-20200.0085
 24-Jan-20200.0124
 17-Jan-20200.0069
 10-Jan-20200.0080
 03-Jan-20200.0121
 27-Dec-20190.0055
 20-Dec-20190.0106
Dividend24-Mar-20203.7311

 12-Sep-20140.7788
 28-May-20130.5533
 30-Jan-20120.2092

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: http://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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