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Mahindra Low Duration Bachat Yojana - Regular Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 0.46 0.03 0.16 0.53 1.56 3.54 7.80 -- -- -- --
Debt: Low Duration 0.28 0.03 0.22 0.36 1.01 2.63 2.02 -- -- -- --
Rank within category 20 12 12 17 17 16 11 -- -- -- --
Number of funds in category 26 26 26 26 26 26 26 25 23 23 16

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.37 (26-Mar-2019 - 02-Apr-2019) -0.08 (18-Sep-2018 - 25-Sep-2018)
Month 1.03 (01-Mar-2019 - 02-Apr-2019) 0.08 (17-Apr-2018 - 17-May-2018)
Quarter 2.33 (01-Mar-2019 - 03-Jun-2019) 1.12 (06-Nov-2017 - 05-Feb-2018)
Year 8.56 (02-Nov-2018 - 04-Nov-2019) 5.42 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
Debt: Low Duration* 5.21 3.16 0.72 1.48 1.95 2.69
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 43 46 28 53
Modified Duration (yrs) 0.00 0.00 0.00 0.78
Average Maturity (yrs) 0.89 0.97 0.71 0.95
Yield to Maturity (%) 7.10 8.62 6.74 7.05

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Axis Bank 23/06/2020 Certificate of Deposit A1+ 0.00 - 6.95 6.95
equal Andhra Bank 2020 Certificate of Deposit A1+ 0.00 - 6.78 6.78
equal 7.46% Power Finance Corp. 2020 Bonds AAA 0.00 - 4.31 4.31
equal 8.40% Sundaram Bnp Paribas Home Finance 16/07/2021 Debenture AA+ 0.00 - 4.69 4.31
equal Ujjivan Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 4.26 4.26
equal Gujarat Fluorochemicals 91-D 10/02/2020 Commercial Paper A1+ 0.00 - 4.25 4.25
equal Chambal Fertilisers & Chem. 91-D 27/02/2020 Commercial Paper A1+ 0.00 - 4.25 4.25
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 2.60 - 4.34 2.95
equal 8.43% Kotak Mahindra Prime 28/06/2021 Debenture AAA 0.00 - 3.42 2.90
equal 7.59% REC 13/03/2020 Debenture AAA 0.00 - 3.79 2.87
equal 7.95% Hero FinCorp 19/05/2020 Bonds/NCDs AA+ 0.00 - 3.11 2.86
equal Tata Housing Devp. Co. 27/02/2020 Debenture AA 2.51 - 4.24 2.86
new 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 0.00 - 2.86 2.86
equal 8.50% National Bank Agr. Rur. Devp 31/01/2022 Non Convertible Debenture AAA 2.51 - 4.31 2.86
equal 10.50% Manappuram Finance 27/09/2022 Non Convertible Debenture AA 0.00 - 3.11 2.86
equal 8.75% Muthoot Finance 24/06/2020 Debenture AA 2.50 - 4.21 2.86
equal Northern ARC Capital 171-D 16/03/2020 Commercial Paper A1+ 0.00 - 2.97 2.80
new JM Financial Services 91-D 16/03/2020 Commercial Paper A1+ 0.00 - 2.80 2.80
equal Tata Realty and Infrastructure 326-D 15/09/2020 Commercial Paper A1+ 0.00 - 2.70 2.70
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 2.69 2.69
equal IIFL Home Finance 2021 Debenture AA 1.34 - 2.17 1.55
equal 8.25% IRFC 28/02/2024 Debenture AAA 0.00 - 1.93 1.49
equal 8.37% LIC Housing Fin. 21/05/2023 Debenture AAA 0.00 - 1.89 1.46
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 1.71 1.45
equal 8.36% Power Finance Corp. 2020 Bonds AAA 1.27 - 2.14 1.45

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-Dec-2019

Fund Manager

— Rahul Pal since 14-Feb-2017

Education: Mr. Pal is a B.Com (H) and Chartered Accountant.

Experience: Prior to joining Mahindra Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.

Funds Managed:


0.03%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 1,216.1376

Dividend Weekly: ₹ 1,053.8926

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Dividend Monthly: ₹ 1,118.2953

Dividend Daily: ₹ 1,006.9803


Investment Strategy

The Scheme seeks to provide reasonable returns commensurate with a low to moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Mahindra Mutual Fund
Launch Date: 15-Feb-2017
Return Since Launch: 6.88%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 350 Cr (As on 31-Dec-2019)
Expense: 1.16% (As on 31-Dec-2019)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Jan-20200.2248

 22-Jan-20200.1595
 21-Jan-20200.1836
 20-Jan-20200.3909
 17-Jan-20200.1517
 16-Jan-20200.1522
 15-Jan-20200.1341
 13-Jan-20200.3156
 10-Jan-20200.0110
 09-Jan-20200.2014
 08-Jan-20200.1754
 07-Jan-20200.1492
 06-Jan-20200.2195
 03-Jan-20200.2016
 02-Jan-20200.2606
 01-Jan-20200.2913
 31-Dec-20190.0333
 30-Dec-20190.2348
 27-Dec-20190.1746
 26-Dec-20190.1135
 24-Dec-20190.0600
 23-Dec-20190.3163
 20-Dec-20190.2396
 19-Dec-20190.2346
 18-Dec-20190.1123
Dividend Weekly17-Jan-20200.6477

 10-Jan-20200.7909
 03-Jan-20201.0678
 27-Dec-20190.6945
 20-Dec-20191.2832
 13-Dec-20190.5683
 29-Nov-20191.1148
 22-Nov-20191.0296
 15-Nov-20191.0573
 08-Nov-20190.6856
 01-Nov-20191.4156
 25-Oct-20191.2621
 18-Oct-20191.2357
 11-Oct-20191.2076
 04-Oct-20191.9193
 27-Sep-20190.6170
 20-Sep-20190.1118
 13-Sep-20190.9075
 06-Sep-20191.1078
 30-Aug-20190.9984
 23-Aug-20191.3984
 16-Aug-20190.5978
 09-Aug-20191.4223
 02-Aug-20191.9949
 26-Jul-20190.4423
Dividend Monthly27-Dec-20193.0622

 27-Nov-20194.7767
 29-Oct-20196.3358
 26-Sep-20193.1773
 28-Aug-20196.1325
 29-Jul-20196.5069
 26-Jun-20193.6847
 29-May-20197.4054
 25-Apr-20194.4004
 27-Mar-20195.8606
 26-Feb-20194.2925
 29-Jan-20196.1034
 27-Dec-20185.7110

Contact Information

AMC: Mahindra Asset Management Company Private Limited

Address: 1st Floor - Sadhana House, Behind Mahindra Towers, 570 - P.B. Marg, Worli, Mumbai - 400018

Phone: 022-66327900

Email: [email protected]

Website: www.mahindramutualfund.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

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM