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3 star

IDFC Corporate Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 Lakh

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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(₹)
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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 8.29 0.19 0.85 2.90 7.02 8.14 12.41 8.77 -- -- --
VR Bond 5.41 0.15 0.30 0.82 3.14 5.25 7.44 7.07 -- -- --
Debt: Corporate Bond 7.24 0.16 0.63 2.23 5.71 6.94 11.79 8.14 -- -- --
Rank within category 2 5 2 1 2 2 8 8 -- -- --
Number of funds in category 20 20 20 20 20 20 20 14 13 10 0

As on 08-Jul-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 - Direct Plan
3 star
Jan-16 12.41 8.77 -- 0.27 14,997
HDFC Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 12.34 9.24 9.31 0.30 18,360
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 12.42 9.25 9.27 0.30 18,059
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 11.92 8.91 9.04 0.25 12,707
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 10.96 9.01 8.92 0.31 4,359

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.78 (24-Mar-2020 - 31-Mar-2020) -2.51 (12-Mar-2020 - 19-Mar-2020)
Month 4.72 (24-Mar-2020 - 23-Apr-2020) -3.04 (20-Feb-2020 - 23-Mar-2020)
Quarter 8.29 (24-Mar-2020 - 24-Jun-2020) -1.28 (24-Dec-2019 - 24-Mar-2020)
Year 11.96 (04-Jul-2019 - 03-Jul-2020) 4.16 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.24 1.85 1.59 3.36 0.54 2.16
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Corporate Bond 7.71 2.74 1.26 2.52 0.63 1.51
Rank within category 8 5 6 4 5 5
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 129 166 109 73
Modified Duration (yrs) 3.12 3.52 0.28 --
Average Maturity (yrs) 3.72 3.78 0.29 --
Yield to Maturity (%) 6.15 7.61 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 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 8.20 8.20
equal 6.88% National Housing Bank 21/01/2025 Bonds/NCDs AAA 0.00 - 8.69 7.44
equal 6.88% REC 20/03/2025 Debenture AAA 0.00 - 6.19 5.25
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 5.87 5.15
equal 7.50% HDFC 2025 Debenture AAA 0.00 - 5.80 5.00
equal 6.72% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 5.48 4.73
equal 6.72% National Bank Agr. Rur. Devp 14/04/2023 Bonds/NCDs AAA 0.00 - 3.67 3.25
up 7.35% HDFC 2025 Debenture AAA 0.00 - 2.84 2.84
up 8.33% LIC Housing Fin. 31/05/2024 Non Convertible Debenture AAA 0.00 - 2.50 2.35
up 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 2.03 2.03
equal 8.25% Gujarat State 24/12/2024 State Development Loan SOV 0.00 - 3.61 1.95
down 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 2.35 1.86
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 2.77 1.86
down 6.44% Indian Oil Corp. 14/04/2023 Debenture AAA 0.00 - 3.80 1.79
equal 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 1.95 1.71
equal 6.68% Ultratech Cement 20/02/2025 Non Convertible Debenture AAA 0.00 - 1.94 1.67
new 8.46% Andhra Pradesh State 26/11/2024 State Development Loan SOV 0.00 - 1.45 1.45
new 5.95% Tamilnadu State 13/05/2025 State Development Loan SOV 0.00 - 1.34 1.34
down 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 2.67 1.28
up 6.78% Mahindra & Mahindra 24/04/2023 Non Convertible Debenture AAA 0.00 - 1.20 1.20
up 6.99% REC 30/09/2024 Non Convertible Debenture AAA 0.00 - 1.16 1.16
up 7.93% Chhattisgarh State 13/02/2024 State Development Loan SOV 0.00 - 1.12 1.12
new 8.44% Tamilnadu State 24/11/2024 State Development Loan SOV 0.00 - 1.11 1.11
equal 9.22% Gujarat State 2023 State Development Loan SOV 0.00 - 4.02 1.05
equal 7.60% Axis Bank 20/10/2023 Bonds/Debentures AAA 0.00 - 1.09 1.04

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-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:


0.19%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 14.7714

Dividend Yearly: ₹ 10.9799

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Dividend Quarterly: ₹ 10.4651

Dividend Monthly: ₹ 10.4201

Dividend Half Yearly: ₹ 11.7900

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: 9.08%
Benchmark: Nifty AAA Short Duration Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 14,997 Cr (As on 31-May-2020)
Expense: 0.27% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly26-Jun-20200.1233

 28-May-20200.2616
 28-Apr-20200.0484
 27-Mar-20200.0214
 28-Feb-20200.0881
 28-Jan-20200.0464
 27-Dec-20190.0293
 28-Nov-20190.0382
 30-Oct-20190.0643
 27-Sep-20190.0311
 29-Aug-20190.0647
 30-Jul-20190.0704
 27-Jun-20190.0377
 30-May-20190.0754
 26-Apr-20190.0372
 28-Mar-20190.0737
 27-Feb-20190.0437
 30-Jan-20190.0619
 28-Dec-20180.0613
 29-Nov-20180.0800
 30-Oct-20180.0543
 30-Aug-20180.0424
 30-Jul-20180.0713
 28-Jun-20180.0338
 30-May-20180.0116
Dividend Quarterly26-Jun-20200.6628

 24-Mar-20200.0684
 26-Dec-20190.1275
 25-Sep-20190.1670
 25-Jun-20190.1392
 27-Mar-20190.1636
 27-Dec-20180.1912
 26-Sep-20180.0977
 26-Jun-20180.0303
 22-Mar-20180.0924
 21-Dec-20170.0668
 21-Sep-20170.1372
 27-Jun-20170.1733
 22-Mar-20170.0506
 22-Dec-20160.1661
 22-Sep-20160.2456
Dividend24-Mar-20202.0097

 30-Aug-20160.3395
 17-Mar-20160.0393
Dividend Yearly24-Mar-20200.4628

 27-Mar-20190.5404
 20-Mar-20180.4345
 29-Mar-20170.4334

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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