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IDFC Corporate Bond Fund - Regular Plan

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Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 1.71 0.02 0.06 1.40 2.30 4.20 8.99 7.22 -- -- --
VR Bond 1.68 0.09 0.38 1.51 2.39 3.10 8.92 6.95 -- -- --
Debt: Corporate Bond 1.97 -0.01 0.10 1.52 2.38 4.76 9.15 7.02 -- -- --
Rank within category 15 3 15 12 12 17 14 9 -- -- --
Number of funds in category 20 20 20 20 20 20 19 14 13 9 6

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.05 (09-Nov-2016 - 16-Nov-2016) -0.96 (01-Dec-2016 - 08-Dec-2016)
Month 2.10 (04-Nov-2016 - 06-Dec-2016) -1.03 (25-Nov-2016 - 27-Dec-2016)
Quarter 4.13 (05-Jul-2016 - 05-Oct-2016) 0.04 (06-Dec-2016 - 07-Mar-2017)
Year 11.52 (26-Feb-2016 - 27-Feb-2017) 3.86 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.58 1.33 0.68 1.02 0.48 0.74
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Corporate Bond 6.27 2.58 0.58 1.06 0.60 0.39
Rank within category 8 3 7 7 5 8
Number of funds in category 14 14 14 14 14 14

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 129 185 124 68
Modified Duration (yrs) 0.28 1.08 0.28 --
Average Maturity (yrs) 0.29 1.23 0.29 --
Yield to Maturity (%) 5.64 8.36 5.63 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.88% National Housing Bank 21/01/2025 Bonds/NCDs AAA 0.00 - 8.20 8.20
new 7.50% HDFC 2025 Debenture AAA 0.00 - 5.08 5.08
new 6.72% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 4.99 4.99
new 9.22% Gujarat State 2023 State Development Loan SOV 0.00 - 3.87 3.87
new 6.44% Indian Oil Corp. 14/04/2023 Debenture AAA 0.00 - 3.67 3.67
new 8.25% Gujarat State 24/12/2024 State Development Loan SOV 0.00 - 3.61 3.61
down 7.20% IRFC 31/05/2020 Bonds AAA 3.58 - 6.56 3.58
down 7.25% SIDBI 30/04/2020 Bonds AAA 3.00 - 4.14 3.54
new 6.72% National Bank Agr. Rur. Devp 14/04/2023 Bonds/NCDs AAA 0.00 - 3.53 3.53
new 7.55% HDB Financial Services 20/01/2023 Debenture AAA 0.00 - 2.50 2.50
down 8.37% National Bank Agr. Rur. Devp 22/06/2020 Debenture AAA 2.30 - 3.43 2.30
new Reliance Jio Infocomm 16/04/2023 Non Convertible Debenture AAA 0.00 - 2.19 2.19
new 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 1.89 1.89
new 8.33% LIC Housing Fin. 31/05/2024 Non Convertible Debenture AAA 0.00 - 1.86 1.86
equal 8.06% HDB Financial Services 2020 Debenture AAA 1.37 - 1.88 1.65
equal 7.90% Tata Sons 2020 Debenture AAA 1.33 - 1.82 1.61
equal 8.52% HDFC 28/05/2020 Non Convertible Debenture AAA 0.00 - 1.73 1.44
new 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 1.43 1.43
equal 8.50% IRFC 22/06/2020 Bonds AAA 1.11 - 1.44 1.26
new 7.40% REC 26/11/2024 Bonds/NCDs AAA 0.00 - 1.25 1.25
new 6.90% REC 30/06/2022 Debenture AAA 0.00 - 1.25 1.25
new 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 1.25 1.25
equal 8.15% National Bank Agr. Rur. Devp 2020 Bonds AAA 1.01 - 1.39 1.21
down 7.78% HDFC 24/03/2020 Debenture AAA 1.05 - 1.86 1.21
new Reliance Jio Infocomm 2023 Non Convertible Debenture AAA 0.00 - 1.17 1.17

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

*As on 31-Dec-2019

Fund Manager

— Anurag Mittal since 28-Dec-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 20-Feb-2020

Growth: ₹ 13.7032

Dividend Yearly: ₹ 11.0090

More

Dividend Quarterly: ₹ 10.7125

Dividend Monthly: ₹ 10.6363

Dividend Half Yearly: ₹ 11.0471

Dividend: ₹ 13.0978

Investment Strategy

The Fund seeks to provide steady income and capital appreciation by investing primarily in AA+ and above rated corporate debt securities across maturities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 12-Jan-2016
Return Since Launch: 7.97%
Benchmark: Nifty AAA Short Duration Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 14,024 Cr (As on 31-Jan-2020)
Expense: 0.57% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-Jan-20200.0457

 27-Dec-20190.0282
 28-Nov-20190.0374
 30-Oct-20190.0639
 27-Sep-20190.0301
 29-Aug-20190.0644
 30-Jul-20190.0702
 27-Jun-20190.0369
 30-May-20190.0752
 26-Apr-20190.0363
 28-Mar-20190.0738
 27-Feb-20190.0431
 30-Jan-20190.0613
 28-Dec-20180.0610
 29-Nov-20180.0802
 30-Oct-20180.0517
 30-Aug-20180.0415
 30-Jul-20180.0710
 28-Jun-20180.0328
 30-May-20180.0100
 26-Apr-20180.0068
 26-Mar-20180.0685
 27-Feb-20180.0124
 30-Jan-20180.0202
 29-Nov-20170.0119
Dividend Quarterly26-Dec-20190.1240

 25-Sep-20190.1639
 25-Jun-20190.1360
 27-Mar-20190.1607
 27-Dec-20180.1884
 26-Sep-20180.0934
 26-Jun-20180.0258
 22-Mar-20180.0889
 21-Dec-20170.0633
 21-Sep-20170.1372
 27-Jun-20170.1661
 22-Mar-20170.0506
 22-Dec-20160.1661
 22-Sep-20160.1156
Dividend Half Yearly25-Sep-20190.3233

 27-Mar-20190.3847
 24-Sep-20180.1523
 20-Mar-20180.1245
 21-Sep-20170.3034
 22-Mar-20170.0578
 22-Sep-20160.1517
Dividend Yearly27-Mar-20190.5191

 20-Mar-20180.3743
Dividend30-Aug-20160.3034

 17-Mar-20160.0359

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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