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3 star

IDFC Credit Risk Fund - Regular Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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 3.40 -0.08 0.05 0.64 1.66 3.42 6.08 7.48 -- -- --
CCIL T Bill Liquidity Weight 1.54 0.03 0.04 0.20 0.62 1.10 2.20 3.43 -- -- --
Debt: Credit Risk 5.85 -0.04 0.58 1.10 2.53 4.91 8.62 2.22 -- -- --
Rank within category 13 15 8 5 10 12 13 5 -- -- --
Number of funds in category 16 16 16 16 16 16 16 16 15 11 4

As on 24-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Credit Risk Fund - Regular Plan
3 star
Mar-17 6.08 7.48 -- 1.60 846
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
Mar-14 10.11 9.47 7.95 1.63 8,311
ICICI Prudential Credit Risk Fund  | Invest Now
5 star
Dec-10 7.81 8.89 7.97 1.57 7,926
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 7.28 7.71 7.13 1.55 3,440
Aditya Birla Sun Life Credit Risk Fund - Regular Plan  | Invest Online
4 star
Apr-15 8.54 6.43 6.76 1.92 1,467

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.48 24-Mar-2020 - 31-Mar-2020 -1.79 23-Apr-2020 - 30-Apr-2020
Month 2.37 24-Mar-2020 - 23-Apr-2020 -2.34 25-Feb-2020 - 26-Mar-2020
Quarter 3.99 30-Apr-2020 - 31-Jul-2020 -0.92 14-Feb-2020 - 15-May-2020
Year 10.30 27-Feb-2019 - 27-Feb-2020 2.94 04-Oct-2017 - 04-Oct-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.03 2.22 1.35 1.40 0.14 3.09
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Credit Risk 2.03 6.75 0.39 0.51 -4.19 -4.79
Rank within category 5 3 4 4 16 4
Number of funds in category 16 16 16 16 16 16

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

As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 21 38 21 30
Modified Duration (yrs) 2.64 2.93 2.64 1.85
Average Maturity (yrs) 3.58 3.95 3.38 2.29
Yield to Maturity (%) 6.35 7.28 6.35 5.95
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 7.17% GOI 2028 GOI Securities SOV 12.26 - 16.03 12.36
equal First Business Receivable Trust Securitised Debt AAA 0.38 - 0.67 7.81
equal 8.45% Tata Power Renewable Energy 25/05/2022 Structured Obligation AA 6.06 - 6.47 6.06
equal 8.95% Reliance Industries 2028 Debenture AAA 5.94 - 6.47 5.96
equal Bharti Hexacom 19/01/2024 Non Convertible Debenture AA 0.00 - 6.04 5.93
equal 6.59% Summit Digitel Infrastructure 16/06/2026 Debenture AAA 0.00 - 5.90 5.90
equal 2.00% Tata Steel 23/04/2022 Debenture AA+ 0.00 - 5.36 5.36
equal 8.60% Afcons Infrastructure 2021 Debenture A+ 0.00 - 6.34 5.30
equal 9.55% Hindalco Inds. 27/07/2022 Bonds/NCDs AA+ 0.00 - 4.95 4.93
equal 9.50% Indusind Bank Additional Tier 1 Bond AA 4.12 - 5.81 4.21
equal 8.50% Bank of Baroda Additional Tier 1 Bond AA 0.00 - 3.18 2.97
equal 7.50% Tata Motors 20/10/2021 Debenture AA- 0.00 - 2.98 2.97
equal 8.44% Indian Bank Additional Tier 1 Bond AA 0.58 - 4.80 2.35
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 1.91 - 2.08 1.91
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 1.83 - 1.99 1.84
equal 8.49% Nat. Highways Authority 2029 Non Convertible Debenture AAA 1.29 - 1.40 1.29
equal 8.23% Indian Railway Finance Corporation 29/03/2029 Debenture AAA 1.27 - 1.39 1.28
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 3.64 1.18
equal 8.36% Nat. Highways Authority 20/05/2029 Debenture AAA 0.64 - 0.70 0.64
equal 9.05% HDFC 20/11/2023 Debenture AAA 0.64 - 0.69 0.64
equal 7.99% Tata Power Company 16/11/2023 Bonds/NCDs AA 0.62 - 0.65 0.62
equal Others Margin Money -- - 0.16

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-2021

Fund Manager

— Arvind Subramanian since 14-Feb-2017

Education: Mr. Subramanian is a B.E (Electrical & Electronics Engineering ) and MBA ( Post Graduate Diploma in Management).

Experience: Prior to joining IDFC AMC he worked as a Senior Analyst at ICRA Limited ( Apr. 2009 - Aug. 2011

Funds Managed:


-0.08%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 13.4267

IDCW Yearly: ₹ 10.4329

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IDCW Quarterly: ₹ 10.4571

IDCW Half Yearly: ₹ 10.5271

IDCW: ₹ 10.4265


Investment Strategy

The Fund seeks to generate returns by predominantly investing AA and below 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 1% for redemption within 365 days

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 03-Mar-2017
Return Since Launch: 6.67%
Benchmark: Nifty AA Short Duration Bond (65), Nifty AAA Short Duration Bond (35)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 846 Cr (As on 31-Aug-2021)
Expense: 1.60% (As on 31-Aug-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly28-Jun-20210.1973

 24-Dec-20200.2324
 28-Sep-20200.1323
 26-Jun-20200.1738
 24-Mar-20200.0843
 26-Dec-20190.1467
 25-Sep-20190.1648
 25-Jun-20190.1539
 27-Mar-20190.1396
 27-Dec-20180.1540
 26-Sep-20180.0662
 26-Jun-20180.0200
 22-Mar-20180.0591
 21-Dec-20170.0589
 21-Sep-20170.1300
 27-Jun-20170.1445
IDCW25-Mar-20210.7163

 24-Mar-20201.4608
IDCW Half Yearly24-Mar-20210.2000

 28-Sep-20200.3934
 24-Mar-20200.2364
 25-Sep-20190.3234
 27-Mar-20190.3164
 24-Sep-20180.1060
 20-Mar-20180.0898
 21-Sep-20170.3034
IDCW Yearly24-Mar-20210.7165

 24-Mar-20200.5249
 27-Mar-20190.4212
 20-Mar-20180.4284

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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