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3 star

IDFC Low Duration Fund - Regular Plan

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Debt: Low Duration

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1 Lakh

Investment Grown to
₹ 1.04 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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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 2.66 -0.02 0.01 0.25 0.98 2.06 4.02 6.79 6.83 7.42 8.11
CCIL T Bill Liquidity Weight 1.54 0.03 0.04 0.20 0.62 1.10 2.20 3.43 3.66 4.10 4.54
Debt: Low Duration 3.00 -0.02 0.29 0.53 1.28 2.39 4.58 4.81 5.51 6.28 7.23
Rank within category 16 12 13 11 12 13 16 8 5 2 2
Number of funds in category 24 24 24 24 24 24 24 24 23 21 19

As on 24-Sep-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 4.02 6.79 6.83 0.52 9,435
ICICI Prudential Savings Fund  | Invest Now
5 star
 Sep-02 5.45 7.64 7.41 0.52 34,969
HDFC Low Duration Fund  | Invest Online
4 star
 Nov-99 4.99 7.10 6.81 1.04 25,628
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
 May-98 4.39 7.04 6.83 1.22 18,602
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
 Mar-08 4.43 7.14 7.14 1.19 12,464

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 3.89 10-Jul-2020 - 12-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.62 0.95 2.72 5.96 1.43 3.53
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Low Duration 4.79 4.24 1.36 2.85 -0.58 0.37
Rank within category 8 4 3 5 21 5
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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 112 124 95 65
Modified Duration (yrs) 0.63 0.82 0.59 0.72
Average Maturity (yrs) 0.69 0.89 0.64 0.99
Yield to Maturity (%) 3.70 4.07 3.56 4.39
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 Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 6.97 6.82
equal Reserve Bank of India 91-D 02/09/2021 Treasury Bills SOV 0.00 - 5.42 5.30
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 4.29 4.20
equal HDFC 19/05/2022 Non Convertible Debenture AAA 2.09 - 3.65 3.62
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 3.44 3.44
equal Reliance Jio Infocomm 91-D 22/10/2021 Commercial Paper A1+ 0.00 - 3.18 3.16
equal Export-Import Bank 184-D 24/09/2021 Certificate of Deposit A1+ 0.00 - 3.93 2.91
equal National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 2.96 2.89
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 4.78 2.65
new Indian Oil Corporation 38-D 13/09/2021 Commercial Paper A1+ 0.00 - 2.65 2.65
new Reliance Industries 91-D 22/11/2021 Commercial Paper A1+ 0.00 - 2.63 2.63
equal 6.60% REC 21/03/2022 Debenture AAA 2.38 - 3.61 2.41
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 2.36 2.35
equal Export-Import Bank 183-D 28/12/2021 Certificate of Deposit A1+ 0.00 - 2.36 2.31
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 2.14 2.10
new HDFC 351-D 12/08/2022 Commercial Paper A1+ 0.00 - 2.04 2.04
equal 5.35% LIC Housing Fin. 20/03/2023 Debenture AAA 0.00 - 1.92 1.88
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 0.00 - 1.84 1.66
equal 7.20% HDFC 13/04/2023 Non Convertible Debenture AAA 0.00 - 1.70 1.65
up 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 1.64 1.62
equal Kotak Mahindra Investments 196-D 23/11/2021 Commercial Paper A1+ 0.00 - 1.61 1.58
equal 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.00 - 2.27 1.52
equal 8.30% Reliance Industries 2022 Debenture AAA 0.03 - 1.12 1.11
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 1.08 - 1.65 1.09
equal Axis Bank 2022 Zero Coupon Bonds A1+ 0.00 - 1.45 1.06

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-Aug-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:

— Harshal Joshi since 28-Jul-2021

Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai

Experience: Prior to joining IDFC Mutual fund in 2008 he has worked with ICAP India Pvt. Ltd.

Funds Managed:

-0.02%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 30.8186

IDCW Weekly: ₹ 10.1100

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IDCW Quarterly: ₹ 10.8844

IDCW Monthly: ₹ 10.1209

IDCW Daily: ₹ 10.0997

IDCW: ₹ 10.2332

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 (₹) 100
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: 7.43%
Benchmark: NIFTY Low Duration Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 9,435 Cr (As on 31-Aug-2021)
Expense: 0.52% (As on 31-Aug-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily23-Sep-20210.0002

 21-Sep-20210.0004
 20-Sep-20210.0027
 17-Sep-20210.0007
 16-Sep-20210.0004
 15-Sep-20210.0013
 14-Sep-20210.0005
 13-Sep-20210.0035
 09-Sep-20210.0007
 08-Sep-20210.0005
 07-Sep-20210.0001
 06-Sep-20210.0022
 03-Sep-20210.0010
 02-Sep-20210.0017
 01-Sep-20210.0028
 31-Aug-20210.0016
 30-Aug-20210.0041
 27-Aug-20210.0007
 26-Aug-20210.0007
 25-Aug-20210.0011
 24-Aug-20210.0007
 23-Aug-20210.0027
 20-Aug-20210.0021
 18-Aug-20210.0026
 17-Aug-20210.0060
IDCW Weekly17-Sep-20210.0064

 09-Sep-20210.0035
 03-Sep-20210.0113
 27-Aug-20210.0058
 20-Aug-20210.0107
 13-Aug-20210.0115
 06-Aug-20210.0049
 30-Jul-20210.0070
 16-Jul-20210.0126
 09-Jul-20210.0108
 02-Jul-20210.0067
 11-Jun-20210.0136
 04-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
IDCW Monthly30-Aug-20210.0377

 29-Jul-20210.0404
 29-Jun-20210.0239
 28-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
IDCW Quarterly28-Jun-20210.1081

 24-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
IDCW25-Mar-20210.7162

 24-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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