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IDFC Corporate Bond Fund - Regular Plan

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Debt: Corporate Bond

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1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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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(₹)
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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 1.84 0.06 0.34 0.69 2.65 2.08 7.83 8.89 8.12 -- --
VR Bond 0.75 0.04 0.20 0.24 1.61 0.97 3.50 7.16 6.60 -- --
Debt: Corporate Bond 1.59 0.05 0.30 0.61 2.27 1.89 6.87 8.54 7.87 -- --
Rank within category 6 2 4 5 3 9 5 7 7 -- --
Number of funds in category 20 21 21 21 20 20 19 15 13 11 9

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 Corporate Bond Fund - Regular Plan
3 star
 Jan-16 7.83 8.89 8.12 0.57 20,978
HDFC Corporate Bond Fund  | Invest Online
4 star
 Jun-10 7.65 9.62 8.60 0.61 26,184
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
 Mar-97 7.92 9.52 8.57 0.46 24,669
ICICI Prudential Corporate Bond Fund  | Invest Now
5 star
 Jun-09 7.14 8.91 8.08 0.58 19,871
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
4 star
 Sep-07 6.96 8.47 8.14 0.66 9,646

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.78 24-Mar-2020 - 31-Mar-2020 -2.52 12-Mar-2020 - 19-Mar-2020
Month 4.70 24-Mar-2020 - 23-Apr-2020 -3.06 20-Feb-2020 - 23-Mar-2020
Quarter 8.20 24-Mar-2020 - 24-Jun-2020 -1.35 24-Dec-2019 - 24-Mar-2020
Year 12.94 24-Mar-2020 - 25-Mar-2021 3.86 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.42 2.11 1.95 3.07 0.62 2.55
VR Bond 6.84 2.05 1.24 1.72 -- --
Debt: Corporate Bond 8.24 2.43 1.84 2.94 0.65 2.29
Rank within category 7 8 8 8 8 9
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-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 174 181 136 101
Modified Duration (yrs) 2.41 3.20 2.41 --
Average Maturity (yrs) 2.77 3.72 2.77 --
Yield to Maturity (%) 5.10 6.15 4.88 --
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
up 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 16.40 15.10
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 6.11 - 7.81 6.68
equal 6.72% National Bank Agr. Rur. Devp 14/04/2023 Bonds/NCDs AAA 3.63 - 5.20 3.97
down 6.88% National Housing Bank 21/01/2025 Bonds/NCDs AAA 3.69 - 7.01 3.95
equal 6.88% REC 20/03/2025 Debenture AAA 3.38 - 5.07 3.76
equal 6.72% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 3.15 - 4.48 3.45
down 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 2.22 - 4.82 2.31
up 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 1.80 - 2.29 2.25
up 6.99% REC 30/09/2024 Non Convertible Debenture AAA 1.28 - 1.99 1.99
equal 8.33% LIC Housing Fin. 31/05/2024 Non Convertible Debenture AAA 1.80 - 2.25 1.98
equal 7.21% HDFC 30/12/2022 Debenture AAA 1.26 - 1.85 1.85
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 1.65 - 2.08 1.81
equal 7.40% LIC Housing Fin. 2024 Debenture AAA 0.45 - 1.66 1.66
equal HPCL 14/08/2024 Debenture AAA 1.18 - 1.55 1.48
equal 7.40% REC 26/11/2024 Bonds/NCDs AAA 0.82 - 1.23 1.23
equal 6.68% Ultratech Cement 20/02/2025 Non Convertible Debenture AAA 1.11 - 1.57 1.23
equal 6.44% Indian Oil Corp. 14/04/2023 Debenture AAA 1.05 - 1.35 1.16
up 5.74% REC 20/06/2024 Debenture AAA 0.00 - 1.13 1.13
equal 7.93% Chhattisgarh State 13/02/2024 State Development Loan SOV 1.00 - 1.45 1.10
down 7.32% GOI 28/01/2024 GOI Securities SOV 1.07 - 6.06 1.07
down 7.50% HDFC 2025 Debenture AAA 1.01 - 4.77 1.01
equal 6.78% Mahindra & Mahindra 24/04/2023 Non Convertible Debenture AAA 0.81 - 1.13 0.99
down 4.79% HPCL 23/10/2023 Debenture AAA 0.00 - 1.33 0.95
equal 7.60% ICICI Bank 2023 Bonds AAA 0.19 - 0.95 0.95
equal 7.25% Larsen & Toubro 2024 Debenture AAA 0.49 - 1.04 0.90

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 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:

0.06%

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

Growth: ₹ 15.3077

IDCW Yearly: ₹ 10.3206

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IDCW Quarterly: ₹ 10.6225

IDCW Monthly: ₹ 10.6278

IDCW Half Yearly: ₹ 10.9727

IDCW: ₹ 10.3194

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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 12-Jan-2016
Return Since Launch: 8.18%
Benchmark: Nifty AAA Short Duration Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 20,978 Cr (As on 31-May-2021)
Expense: 0.57% (As on 30-Apr-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly28-May-20210.0710

 29-Apr-20210.0940
 28-Dec-20200.0272
 25-Nov-20200.0998
 28-Oct-20200.1708
 28-Jul-20200.1114
 26-Jun-20200.1479
 28-May-20200.2656
 28-Apr-20200.0469
 27-Mar-20200.0202
 28-Feb-20200.0885
 28-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
IDCW25-Mar-20211.1843

 24-Mar-20201.9398
 30-Aug-20160.3034
 17-Mar-20160.0359
IDCW Half Yearly24-Mar-20210.2232

 28-Sep-20200.8957
 24-Mar-20200.1248
 25-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
IDCW Yearly24-Mar-20211.1825

 24-Mar-20200.4818
 27-Mar-20190.5191
 20-Mar-20180.3743
IDCW Quarterly24-Dec-20200.2951

 28-Sep-20200.1237
 26-Jun-20200.7633
 24-Mar-20200.0644
 26-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

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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