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4 star

IDFC Corporate Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 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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(₹)
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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 11.54 -0.02 0.13 0.98 2.52 6.15 11.92 8.94 -- -- --
VR Bond 6.95 0.04 0.01 0.46 1.88 2.45 7.50 7.11 -- -- --
Debt: Corporate Bond 10.00 -0.01 0.11 0.79 2.24 5.03 10.10 8.25 -- -- --
Rank within category 4 14 7 3 3 3 3 9 -- -- --
Number of funds in category 20 21 21 21 20 20 20 15 13 10 0

As on 01-Dec-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
4 star
Jan-16 11.92 8.94 -- 0.27 19,345
HDFC Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.47 9.39 9.24 0.30 23,494
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.82 9.46 9.20 0.29 23,395
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 10.69 9.06 8.92 0.28 18,906
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 9.76 9.14 8.86 0.32 7,286

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 12.64 (12-Jul-2019 - 13-Jul-2020) 4.16 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.64 2.07 1.82 3.50 0.61 2.53
VR Bond 6.92 2.06 0.99 1.71 -- --
Debt: Corporate Bond 8.01 2.90 1.54 2.75 0.60 1.91
Rank within category 9 6 6 4 7 6
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 30-Nov-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 148 150 109 82
Modified Duration (yrs) 2.80 3.52 0.28 --
Average Maturity (yrs) 3.32 3.78 0.29 --
Yield to Maturity (%) 5.12 6.81 5.12 --
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 7.19
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 6.06 6.06
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 5.49 5.49
equal 6.72% National Bank Agr. Rur. Devp 14/04/2023 Bonds/NCDs AAA 0.00 - 5.20 4.75
down 6.88% National Housing Bank 21/01/2025 Bonds/NCDs AAA 0.00 - 8.69 4.47
equal 6.88% REC 20/03/2025 Debenture AAA 0.00 - 6.19 4.08
equal 6.72% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 5.48 3.77
equal 7.50% HDFC 2025 Debenture AAA 0.00 - 5.80 3.17
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 5.87 2.39
down 6.18% GOI 2024 GOI Securities SOV 0.00 - 2.49 2.30
equal 8.33% LIC Housing Fin. 31/05/2024 Non Convertible Debenture AAA 0.00 - 2.50 2.16
down 7.35% HDFC 2025 Debenture AAA 0.00 - 2.98 2.12
up 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 2.29 2.09
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 2.77 1.98
equal 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 2.35 1.49
equal HPCL 14/08/2024 Debenture AAA 0.00 - 1.55 1.48
equal 6.99% REC 30/09/2024 Non Convertible Debenture AAA 0.00 - 1.68 1.48
equal 6.68% Ultratech Cement 20/02/2025 Non Convertible Debenture AAA 0.00 - 1.94 1.35
up 7.40% LIC Housing Fin. 2024 Debenture AAA 0.00 - 1.26 1.26
equal 6.44% Indian Oil Corp. 14/04/2023 Debenture AAA 0.00 - 3.80 1.26
equal 7.93% Chhattisgarh State 13/02/2024 State Development Loan SOV 0.00 - 1.45 1.21
equal 8.08% Haryana State 28/01/2025 State Development Loan SOV 0.00 - 1.29 1.13
equal 8.46% Andhra Pradesh State 26/11/2024 State Development Loan SOV 0.00 - 1.45 1.13
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 1.10 1.04
equal 7.25% Larsen & Toubro 2024 Debenture AAA 0.00 - 1.04 0.99

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-Oct-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:


-0.02%

Change from previous, NAV as on 01-Dec-2020

Growth: ₹ 15.2135

Dividend Yearly: ₹ 11.3086

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Dividend Quarterly: ₹ 10.6442

Dividend Monthly: ₹ 10.3403

Dividend Half Yearly: ₹ 11.4363

Dividend: ₹ 11.3072


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: 8.96%
Benchmark: Nifty AAA Short Duration Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 19,345 Cr (As on 31-Oct-2020)
Expense: 0.27% (As on 31-Oct-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-Nov-20200.0999

 28-Oct-20200.1749
 28-Jul-20200.1122
 26-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
Dividend Half Yearly28-Sep-20200.6982
Dividend Quarterly28-Sep-20200.1304

 26-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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