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IDFC Low Duration Fund - Regular Plan

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Debt: Low Duration

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1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 6.16 0.00 0.05 0.56 1.15 3.94 7.21 7.50 7.73 8.18 8.61
CCIL T Bill Liquidity Weight 2.75 0.00 0.04 0.27 0.60 1.26 3.28 3.94 4.14 4.58 4.76
Debt: Low Duration 5.51 0.01 0.07 0.62 1.37 5.18 6.22 5.08 6.10 6.71 7.43
Rank within category 13 19 22 19 20 17 14 8 3 2 2
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 28-Oct-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 7.21 7.50 7.73 0.51 6,381
ICICI Prudential Savings Fund  | Invest Now
5 star
 Sep-02 8.41 7.99 8.12 0.55 19,922
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
 May-98 7.83 7.63 7.64 1.22 13,927
SBI Magnum Low Duration Fund  | Invest Online
5 star
 Jul-07 7.06 7.53 7.58 1.10 9,746
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
 Mar-08 8.35 7.84 8.06 1.12 8,418

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 7.27 0.88 2.51 4.77 1.13 3.52
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Low Duration 5.14 4.37 1.09 2.26 -0.74 -0.78
Rank within category 7 4 3 8 20 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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 95 98 68 53
Modified Duration (yrs) 0.74 1.13 0.71 0.79
Average Maturity (yrs) 0.81 1.31 0.81 0.90
Yield to Maturity (%) 3.92 5.96 3.92 4.79
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 Reserve Bank of India 91-D 03/12/2020 Treasury Bills SOV 0.00 - 10.13 10.13
new Reserve Bank of India 91-D 26/11/2020 Treasury Bills SOV 0.00 - 7.33 7.33
new Reserve Bank of India 91-D 17/12/2020 Treasury Bills SOV 0.00 - 4.67 4.67
up 6.60% REC 21/03/2022 Debenture AAA 0.00 - 3.61 3.61
equal Reserve Bank of India 91-D 29/10/2020 Treasury Bills SOV 0.00 - 5.12 3.52
equal Reserve Bank of India 364-D 04/03/2021 Treasury Bills SOV 0.00 - 3.20 3.09
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 2.66 2.55
up 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 2.46 2.45
up HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 2.80 2.34
equal National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 2.41 2.32
new 8.15% GOI 2022 Central Government Loan SOV 0.00 - 2.25 2.25
equal 7.35% Sundaram Finance 2020 Non Convertible Debenture AAA 0.00 - 2.37 1.97
new Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 1.93 1.93
new Reliance Industries 283-D 11/06/2021 Commercial Paper A1+ 0.00 - 1.91 1.91
new 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 1.66 1.66
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.83 - 1.72 1.65
new 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 1.61 1.61
equal Export-Import Bank 182-D 01/12/2020 Commercial Paper A1+ 0.00 - 2.15 1.56
equal ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 2.15 1.56
equal SIDBI 14/01/2021 Commercial Paper A1+ 0.00 - 1.85 1.55
new Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 1.54 1.54
new Reserve Bank of India 182-D 11/03/2021 Treasury Bills SOV 0.00 - 1.54 1.54
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 2.12 1.54
new Larsen & Toubro 270-D 26/02/2021 Commercial Paper A1+ 0.00 - 1.54 1.54
equal 8.09% Madhya Pradesh State 2025 State Development Loan SOV 0.00 - 2.01 1.27

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-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:

0.00%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 29.8007

Dividend Weekly: ₹ 10.1113

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Dividend Quarterly: ₹ 10.7967

Dividend Monthly: ₹ 10.1587

Dividend Daily: ₹ 10.1013

Dividend: ₹ 10.6014

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: 7.66%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 6,381 Cr (As on 30-Sep-2020)
Expense: 0.51% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Oct-20200.0006

 26-Oct-20200.0024
 23-Oct-20200.0014
 22-Oct-20200.0001
 20-Oct-20200.0049
 19-Oct-20200.0042
 16-Oct-20200.0005
 15-Oct-20200.0033
 14-Oct-20200.0018
 13-Oct-20200.0046
 12-Oct-20200.0023
 09-Oct-20200.0081
 08-Oct-20200.0029
 07-Oct-20200.0029
 06-Oct-20200.0056
 05-Oct-20200.0038
 01-Oct-20200.0029
 30-Sep-20200.0041
 28-Sep-20200.0020
 25-Sep-20200.0010
 24-Sep-20200.0007
 23-Sep-20200.0005
 22-Sep-20200.0014
 21-Sep-20200.0044
 18-Sep-20200.0021
Dividend Weekly23-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
 03-Jul-20200.0213
 26-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
Dividend Monthly28-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
 29-Nov-20180.0572
 30-Oct-20180.0559
 27-Sep-20180.0224
Dividend Quarterly28-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
 19-Sep-20140.1504
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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