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3 star

IDFC Low Duration Fund - Regular Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 1.65 0.01 0.13 0.36 1.31 1.85 5.00 7.14 7.17 7.64 8.28
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 4.62
Debt: Low Duration 1.65 0.02 0.13 0.37 1.25 1.95 7.92 5.00 5.76 6.43 7.35
Rank within category 13 19 10 11 7 12 18 8 4 2 2
Number of funds in category 24 24 24 24 24 24 24 24 23 21 19

As on 11-Jun-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
3 star
Jan-06 5.00 7.14 7.17 0.51 9,575
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 6.56 7.82 7.65 0.53 30,234
HDFC Low Duration Fund  | Invest Online
4 star
Nov-99 6.53 7.33 7.13 1.04 24,543
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 5.77 7.35 7.15 1.18 16,526
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 5.80 7.43 7.46 1.19 12,765

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 6.93 0.92 2.86 5.23 1.34 3.67
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Low Duration 5.08 4.24 1.40 2.59 -0.52 0.38
Rank within category 8 4 3 6 21 4
Number of funds in category 24 24 24 24 24 24

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 124 124 80 61
Modified Duration (yrs) 0.69 0.93 0.69 --
Average Maturity (yrs) 0.75 1.01 0.75 --
Yield to Maturity (%) 3.84 4.59 3.56 --
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
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 6.45 4.60
new Indian Oil Corp. 27-D 14/06/2021 Commercial Paper A1+ 0.00 - 4.17 4.17
new Export-Import Bank 91-D 22/06/2021 Certificate of Deposit A1+ 0.00 - 3.65 3.65
equal Axis Bank 23/08/2021 Certificate of Deposit A1+ 0.00 - 4.01 2.90
up National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 2.84 2.84
equal Export-Import Bank 184-D 24/09/2021 Certificate of Deposit A1+ 0.00 - 3.93 2.84
new Indian Oil Corp. 25-D 11/06/2021 Commercial Paper A1+ 0.00 - 2.61 2.61
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 4.78 2.59
up HDFC 19/05/2022 Non Convertible Debenture AAA 2.09 - 2.82 2.41
equal 6.60% REC 21/03/2022 Debenture AAA 2.38 - 3.61 2.38
new Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 2.10 2.10
new Indian Oil Corp. 23-D 23/06/2021 Commercial Paper A1+ 0.00 - 2.08 2.08
new Reliance Industries 91-D 27/08/2021 Commercial Paper A1+ 0.00 - 2.07 2.07
new Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 2.04 2.04
new Indian Oil Corp. 29-D 18/06/2021 Commercial Paper A1+ 0.00 - 1.88 1.88
up 5.35% LIC Housing Fin. 20/03/2023 Debenture AAA 0.00 - 1.84 1.84
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 0.00 - 1.84 1.64
new 7.20% HDFC 13/04/2023 Non Convertible Debenture AAA 0.00 - 1.63 1.63
equal National Bank Agr. Rur. Devp 199-D 02/08/2021 Commercial Paper A1+ 0.00 - 1.73 1.56
new Kotak Mahindra Investments 196-D 23/11/2021 Commercial Paper A1+ 0.00 - 1.54 1.54
equal 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.00 - 2.27 1.51
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.55 1.39
equal Kotak Mahindra Prime 259-D 30/08/2021 Commercial Paper A1+ 0.00 - 1.92 1.29
equal National Bank Agr. Rur. Devp 24/02/2022 Commercial Paper A1+ 0.00 - 1.89 1.27
equal 7.10% Bajaj Finance 2023 Debenture AAA 0.00 - 1.50 1.08

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-2021

*As on 30-Apr-2021

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:


0.01%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 30.5145

IDCW Weekly: ₹ 10.1221

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IDCW Quarterly: ₹ 10.8851

IDCW Monthly: ₹ 10.1225

IDCW Daily: ₹ 10.1015

IDCW: ₹ 10.1322


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 17-Jan-2006
Return Since Launch: 7.51%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 9,575 Cr (As on 31-May-2021)
Expense: 0.51% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily11-Jun-20210.0014

 10-Jun-20210.0026
 09-Jun-20210.0030
 08-Jun-20210.0021
 07-Jun-20210.0044
 04-Jun-20210.0024
 03-Jun-20210.0023
 01-Jun-20210.0006
 31-May-20210.0013
 28-May-20210.0006
 27-May-20210.0004
 25-May-20210.0020
 24-May-20210.0030
 21-May-20210.0018
 20-May-20210.0015
 19-May-20210.0002
 18-May-20210.0022
 17-May-20210.0021
 14-May-20210.0020
 12-May-20210.0005
 11-May-20210.0008
 10-May-20210.0020
 07-May-20210.0010
 06-May-20210.0019
 05-May-20210.0014
IDCW Weekly04-Jun-20210.0066

 28-May-20210.0060
 21-May-20210.0079
 14-May-20210.0054
 07-May-20210.0085
 30-Apr-20210.0146
 23-Apr-20210.0139
 16-Apr-20210.0031
 09-Apr-20210.0102
 31-Mar-20210.0119
 26-Mar-20210.0185
 19-Mar-20210.0111
 12-Mar-20210.0057
 05-Mar-20210.0059
 26-Feb-20210.0020
 18-Feb-20210.0072
 08-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
IDCW Monthly28-May-20210.0300

 29-Apr-20210.0518
 26-Mar-20210.0412
 26-Feb-20210.0201
 28-Jan-20210.0077
 28-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
IDCW25-Mar-20210.7162

 24-Mar-20203.7311
 12-Sep-20140.7788
 28-May-20130.5533
 30-Jan-20120.2092
IDCW Quarterly24-Mar-20210.0469

 24-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

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

Upcoming Video

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Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM