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4 star

IDFC Low Duration Fund - Regular Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a 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 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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(₹)
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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 -0.02 0.00 0.02 0.10 0.76 1.85 6.48 7.36 7.55 7.96 8.49
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 3.80 4.01 4.43 4.70
Debt: Low Duration 0.06 0.00 0.01 0.17 0.99 2.31 5.96 5.00 5.96 6.54 7.39
Rank within category 21 17 8 19 18 21 13 9 3 2 2
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 22-Jan-2021

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 6.48 7.36 7.55 0.51 7,150
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 8.19 8.12 8.09 0.55 29,895
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 7.21 7.56 7.49 1.22 19,972
SBI Magnum Low Duration Fund  | Invest Online
4 star
Jul-07 6.36 7.39 7.41 1.01 16,320
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 7.40 7.72 7.84 1.15 11,678

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 7.25 0.88 2.81 5.41 1.23 3.69
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Low Duration 5.18 4.37 1.30 2.57 -0.67 -0.25
Rank within category 8 4 4 7 21 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 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 101 105 68 60
Modified Duration (yrs) 0.79 1.13 0.74 0.76
Average Maturity (yrs) 0.86 1.31 0.81 0.89
Yield to Maturity (%) 3.66 5.96 3.56 4.11
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
new Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 7.03 7.03
equal Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 4.99 4.95
new Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 4.78 4.78
up Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 3.79 3.79
new National Bank Agr. Rur. Devp 176-D 01/06/2021 Commercial Paper A1+ 0.00 - 3.45 3.45
equal 6.60% REC 21/03/2022 Debenture AAA 0.00 - 3.61 3.22
equal Reserve Bank of India 182-D 04/03/2021 Treasury Bills SOV 0.00 - 3.02 2.99
equal Reserve Bank of India 364-D 04/03/2021 Treasury Bills SOV 0.00 - 3.20 2.78
equal Reserve Bank of India 364-D 29/04/2021 Treasury Bills SOV 0.00 - 2.79 2.77
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 2.80 2.53
new 7.94% GOI 24/05/2021 Central Government Loan SOV 0.00 - 2.30 2.30
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 2.66 2.27
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 2.46 2.20
equal National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 2.41 2.09
equal 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.00 - 2.07 2.04
down Reserve Bank of India 182-D 11/03/2021 Treasury Bills SOV 0.00 - 3.16 1.74
new Kotak Mahindra Prime 259-D 30/08/2021 Commercial Paper A1+ 0.00 - 1.70 1.70
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.83 - 1.72 1.47
equal Larsen & Toubro 270-D 26/02/2021 Commercial Paper A1+ 0.00 - 1.54 1.39
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 2.12 1.39
equal Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 1.54 1.39
new Kotak Mahindra Investments 177-D 11/06/2021 Commercial Paper A1+ 0.00 - 1.38 1.38
new HDFC 156-D 20/05/2021 Commercial Paper A1+ 0.00 - 1.38 1.38
equal HDFC 28/10/2021 Commercial Paper A1+ 0.00 - 1.37 1.35
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 1.34 1.32

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-Dec-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:


0.02%

Change from previous, NAV as on 25-Jan-2021

Growth: ₹ 30.0193

Dividend Weekly: ₹ 10.0952

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Dividend Quarterly: ₹ 10.7551

Dividend Monthly: ₹ 10.1076

Dividend Daily: ₹ 10.0882

Dividend: ₹ 10.6792


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: 7.59%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 7,150 Cr (As on 31-Dec-2020)
Expense: 0.51% (As on 31-Dec-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly08-Jan-20210.0099

 01-Jan-20210.0135
 24-Dec-20200.0046
 18-Dec-20200.0055
 11-Dec-20200.0020
 04-Dec-20200.0033
 27-Nov-20200.0092
 20-Nov-20200.0147
 13-Nov-20200.0119
 06-Nov-20200.0117
 29-Oct-20200.0038
 23-Oct-20200.0106
 16-Oct-20200.0125
 09-Oct-20200.0233
 01-Oct-20200.0091
 25-Sep-20200.0080
 18-Sep-20200.0047
 04-Sep-20200.0195
 21-Aug-20200.0046
 14-Aug-20200.0093
 07-Aug-20200.0025
 31-Jul-20200.0062
 24-Jul-20200.0033
 17-Jul-20200.0098
 10-Jul-20200.0240
Dividend Daily08-Jan-20210.0010

 07-Jan-20210.0005
 06-Jan-20210.0010
 05-Jan-20210.0032
 04-Jan-20210.0041
 01-Jan-20210.0033
 31-Dec-20200.0016
 30-Dec-20200.0019
 29-Dec-20200.0019
 28-Dec-20200.0048
 24-Dec-20200.0009
 23-Dec-20200.0005
 22-Dec-20200.0006
 21-Dec-20200.0026
 18-Dec-20200.0010
 17-Dec-20200.0007
 16-Dec-20200.0006
 14-Dec-20200.0023
 07-Dec-20200.0027
 04-Dec-20200.0023
 01-Dec-20200.0010
 27-Nov-20200.0005
 26-Nov-20200.0020
 25-Nov-20200.0031
 24-Nov-20200.0005
Dividend Monthly28-Dec-20200.0226

 25-Nov-20200.0461
 28-Oct-20200.0564
 28-Sep-20200.0370
 28-Aug-20200.0227
 28-Jul-20200.0577
 26-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
Dividend Quarterly24-Dec-20200.1207

 28-Sep-20200.1121
 26-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
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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