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3 star

IDFC Corporate Bond Fund - Regular Plan

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Debt: Corporate Bond

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1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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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(₹)
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 8.21 -0.05 -0.09 0.49 1.11 6.09 10.04 7.88 -- -- --
VR Bond 5.54 -0.02 -0.02 0.57 0.55 2.66 7.12 6.70 -- -- --
Debt: Corporate Bond 7.25 -0.01 -0.02 0.68 1.03 5.05 9.58 7.22 -- -- --
Rank within category 6 20 18 18 14 3 11 9 -- -- --
Number of funds in category 20 20 20 20 20 20 20 15 13 10 8

As on 29-Sep-2020

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 10.04 7.88 -- 0.58 17,632
HDFC Corporate Bond Fund  | Invest Online
4 star
 Jun-10 10.74 8.64 8.87 0.61 21,052
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
 Mar-97 11.09 8.78 8.84 0.45 20,205
ICICI Prudential Corporate Bond Fund  | Invest Now
4 star
 Jun-09 10.29 8.27 8.43 0.60 16,162
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
5 star
 Sep-07 9.35 8.46 8.43 0.61 6,586

Best & Worst Performance

Best (Period) Worst (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 12.30 (12-Jul-2019 - 13-Jul-2020) 3.86 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.68 1.99 1.28 2.48 0.59 1.77
VR Bond 6.44 2.10 0.62 1.17 -- --
Debt: Corporate Bond 7.00 2.90 1.00 1.97 0.60 1.08
Rank within category 8 5 6 5 6 7
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 148 148 109 80
Modified Duration (yrs) 2.96 3.52 0.28 2.71
Average Maturity (yrs) 3.51 3.78 0.29 3.38
Yield to Maturity (%) 5.56 6.81 5.32 5.50
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 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 8.20 7.56
down 6.88% National Housing Bank 21/01/2025 Bonds/NCDs AAA 0.00 - 8.69 5.27
up 6.72% National Bank Agr. Rur. Devp 14/04/2023 Bonds/NCDs AAA 0.00 - 5.20 5.20
down 6.88% REC 20/03/2025 Debenture AAA 0.00 - 6.19 4.39
equal 6.72% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 5.48 4.10
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 3.77 3.77
down 7.50% HDFC 2025 Debenture AAA 0.00 - 5.80 3.44
down 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 5.87 3.08
equal 7.35% HDFC 2025 Debenture AAA 0.00 - 2.98 2.87
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 2.29 2.10
equal 8.33% LIC Housing Fin. 31/05/2024 Non Convertible Debenture AAA 0.00 - 2.50 2.06
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 2.77 1.87
equal 8.25% Gujarat State 24/12/2024 State Development Loan SOV 0.00 - 3.61 1.64
equal 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 2.35 1.63
equal 6.99% REC 30/09/2024 Non Convertible Debenture AAA 0.00 - 1.68 1.60
equal 6.68% Ultratech Cement 20/02/2025 Non Convertible Debenture AAA 0.00 - 1.94 1.47
equal 7.93% Chhattisgarh State 13/02/2024 State Development Loan SOV 0.00 - 1.45 1.31
up HPCL 14/08/2024 Debenture AAA 0.00 - 1.28 1.28
equal 8.08% Haryana State 28/01/2025 State Development Loan SOV 0.00 - 1.29 1.23
equal 6.44% Indian Oil Corp. 14/04/2023 Debenture AAA 0.00 - 3.80 1.23
equal 8.46% Andhra Pradesh State 26/11/2024 State Development Loan SOV 0.00 - 1.45 1.22
equal 5.95% Tamilnadu State 13/05/2025 State Development Loan SOV 0.00 - 1.34 1.14
equal 6.78% Mahindra & Mahindra 24/04/2023 Non Convertible Debenture AAA 0.00 - 1.20 1.03
equal 7.40% REC 26/11/2024 Bonds/NCDs AAA 0.00 - 1.38 1.03
up 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 0.98 0.98

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-2020

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:

-0.05%

Change from previous, NAV as on 29-Sep-2020

Growth: ₹ 14.5787

Dividend Yearly: ₹ 10.9785

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Dividend Quarterly: ₹ 10.4030

Dividend Monthly: ₹ 10.5711

Dividend Half Yearly: ₹ 10.6670

Dividend: ₹ 10.9786

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: 8.32%
Benchmark: Nifty AAA Short Duration Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 17,632 Cr (As on 31-Aug-2020)
Expense: 0.58% (As on 31-Aug-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly28-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
Dividend Quarterly28-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
Dividend Monthly28-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
 29-Nov-20180.0802
 30-Oct-20180.0517
 30-Aug-20180.0415
 30-Jul-20180.0710
 28-Jun-20180.0328
Dividend24-Mar-20201.9398

 30-Aug-20160.3034
 17-Mar-20160.0359
Dividend Yearly24-Mar-20200.4818

 27-Mar-20190.5191
 20-Mar-20180.3743

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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