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IDFC Low Duration Fund - Regular Plan

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Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

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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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 1.20 0.05 0.04 0.70 1.67 3.64 8.33 7.53 8.00 8.39 8.48
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Low Duration 0.89 0.06 0.07 0.61 1.18 2.63 2.12 5.24 6.31 7.03 7.22
Rank within category 10 24 24 11 12 12 6 5 3 2 --
Number of funds in category 26 26 26 26 26 26 26 26 24 23 16

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.56 (29-Mar-2016 - 05-Apr-2016) -0.39 (09-Jul-2013 - 16-Jul-2013)
Month 1.44 (30-Aug-2013 - 01-Oct-2013) -0.11 (17-Apr-2018 - 17-May-2018)
Quarter 3.12 (20-Aug-2013 - 19-Nov-2013) 0.86 (27-May-2007 - 26-Aug-2007)
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 7.22 0.73 2.14 3.66 1.97 4.72
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Low Duration 5.08 3.25 0.69 1.45 1.93 2.52
Rank within category 5 3 4 5 16 3
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 92 96 57 52
Modified Duration (yrs) 0.79 0.92 0.51 0.74
Average Maturity (yrs) 0.90 0.99 0.54 0.92
Yield to Maturity (%) 5.96 7.79 5.81 6.93

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 7.20% IRFC 31/05/2020 Bonds AAA 0.00 - 7.62 7.62
up 7.42% Power Finance Corp. 26/06/2020 Debenture AAA 0.00 - 4.77 4.77
up 8.49% HDFC 27/04/2020 Debenture AAA 1.21 - 4.07 4.07
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 4.05 3.48
up SIDBI 15/05/2020 Securitised Debt A1+ 0.00 - 3.22 3.22
up 8.37% National Bank Agr. Rur. Devp 22/06/2020 Debenture AAA 0.00 - 3.22 3.22
new 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 3.03 3.03
down 6.90% REC 30/06/2022 Debenture AAA 0.00 - 4.13 3.02
new 8.75% Reliance Industries 2020 Debenture AAA 0.00 - 2.81 2.81
new Kotak Mahindra Investments 2020 Zero Coupon Bonds AAA 0.00 - 2.12 2.12
equal Axis Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 2.33 2.11
equal 7.60% HDFC 26/06/2020 Debenture AAA 0.00 - 2.13 1.91
new 8.95% Larsen & Toubro 26/05/2020 Debenture AAA 0.00 - 1.91 1.91
new 8.40% Power Grid Corporation 27/05/2020 Debenture AAA 0.00 - 1.74 1.74
equal ICICI Bank 18/02/2020 Certificate of Deposit A1+ 0.00 - 2.12 1.72
down Axis Bank 13/02/2020 Certificate of Deposit A1+ 0.00 - 6.67 1.72
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 2.11 1.71
new Axis Bank 25/05/2020 Certificate of Deposit A1+ 0.00 - 1.69 1.69
equal Axis Bank 18/08/2020 Certificate of Deposit A1+ 0.00 - 1.81 1.67
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 7.27 1.51
equal 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 0.00 - 2.10 1.33
equal 8.60% LIC Housing Fin. 29/07/2020 Debenture AAA 0.00 - 1.46 1.31
down 7.55% HDB Financial Services 19/06/2020 Bonds AAA 0.00 - 2.06 1.30
equal National Bank Agr. Rur. Devp 15/05/2020 Securitised Debt A1+ 0.00 - 1.48 1.27
up SIDBI 13/05/2020 Certificate of Deposit A1+ 0.00 - 1.27 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 31-Jan-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:

0.05%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 28.4070

Dividend Weekly: ₹ 10.0983

More

Dividend Quarterly: ₹ 10.9043

Dividend Monthly: ₹ 10.1647

Dividend Daily: ₹ 10.0712

Dividend: ₹ 15.3387

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: 7.68%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 5,804 Cr (As on 31-Jan-2020)
Expense: 0.48% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Feb-20200.0031

 17-Feb-20200.0031
 14-Feb-20200.0018
 13-Feb-20200.0020
 12-Feb-20200.0007
 11-Feb-20200.0022
 10-Feb-20200.0039
 07-Feb-20200.0067
 06-Feb-20200.0086
 05-Feb-20200.0013
 04-Feb-20200.0028
 03-Feb-20200.0060
 31-Jan-20200.0012
 30-Jan-20200.0013
 28-Jan-20200.0016
 27-Jan-20200.0044
 24-Jan-20200.0027
 23-Jan-20200.0028
 22-Jan-20200.0024
 21-Jan-20200.0013
 20-Jan-20200.0032
 17-Jan-20200.0021
 16-Jan-20200.0012
 15-Jan-20200.0005
 13-Jan-20200.0031
Dividend Weekly20-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
 13-Dec-20190.0035
 29-Nov-20190.0106
 22-Nov-20190.0105
 15-Nov-20190.0126
 08-Nov-20190.0037
 01-Nov-20190.0167
 25-Oct-20190.0113
 18-Oct-20190.0142
 11-Oct-20190.0121
 04-Oct-20190.0181
 27-Sep-20190.0058
 13-Sep-20190.0096
 06-Sep-20190.0126
 30-Aug-20190.0130
 23-Aug-20190.0140
Dividend Monthly28-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
 30-May-20180.0302
 26-Apr-20180.0309
 26-Mar-20180.0496
 27-Feb-20180.0334
 30-Jan-20180.0370
Dividend Quarterly26-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
 21-Mar-20140.1545
 20-Dec-20130.1673
Dividend12-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: 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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