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Unrated

IDFC Fixed Term Plan Series 144 - Regular Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.10 Lakh

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from 3 months to 5 years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.

If you are looking to invest for a defined tenure during which you are sure you will not need to redeem your money, you may consider investing in an FMP of a matching duration. But avoid them if your investment horizon is more than 3 years. We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. That makes FMPs unsuitable.

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 5.22 0.03 0.16 1.05 3.46 4.92 9.73 -- -- -- --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 -- -- -- --
Debt: FMP 5.58 0.01 0.22 1.40 3.77 5.23 9.61 -- -- -- --
Rank within category 387 162 417 444 362 381 333 -- -- -- --
Number of funds in category 614 625 625 625 622 615 597 39 4 0 0

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Fixed Term Plan Series 144 - Regular Plan
Unrated
Mar-18 9.73 -- -- 0.39 378
Nippon India Fixed Horizon Fund XXXVIII - Series 6 - Regular Plan
Unrated
Jul-18 9.08 -- -- 0.06 1,877
Kotak FMP Series 252 - 1261 Days - Regular Plan
Unrated
Nov-18 11.29 -- -- 0.09 1,263
ICICI Prudential Fixed Maturity Plan - Series 82 1185 Days Plan I
Unrated
Feb-18 9.54 -- -- 0.05 1,104
HDFC Fixed Maturity Plan - 1158 Days - February 2018 (1) - Regular Plan
Unrated
Feb-18 9.40 -- -- 0.18 1,038

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.56 (24-Mar-2020 - 31-Mar-2020) -1.04 (12-Mar-2020 - 19-Mar-2020)
Month 2.45 (24-Mar-2020 - 23-Apr-2020) -1.43 (17-Apr-2018 - 17-May-2018)
Quarter 4.41 (24-Mar-2020 - 24-Jun-2020) -0.28 (06-Apr-2018 - 06-Jul-2018)
Year 11.61 (25-Sep-2018 - 25-Sep-2019) 6.83 (09-Apr-2018 - 09-Apr-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: FMP* 6.74 1.66 1.05 1.48 2.82 4.90
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 16 -- 15
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bajaj Finance 15/04/2021 Zero Coupon Bonds AAA 11.71 - 11.77 11.77
equal Kotak Mahindra Prime 26/04/2021 Debenture AAA 11.60 - 11.68 11.68
equal 7.65% IRFC 15/03/2021 Debenture AAA 9.19 - 11.89 11.32
equal 7.75% Power Finance Corp. 15/04/2021 Debenture AAA 9.94 - 10.59 9.94
equal Bajaj Housing Finance 2021 Bonds/NCDs AAA 9.84 - 9.93 9.91
equal 7.65% SIDBI 15/04/2021 Debenture AAA 9.53 - 10.17 9.53
equal 7.70% REC 15/03/2021 Bonds/NCDs AAA 9.39 - 9.80 9.39
equal 8.39% Rajasthan State 15/03/2021 State Development Loan SOV 8.01 - 8.68 8.01
equal 7.73% HUDCO 15/04/2021 Debenture AAA 4.09 - 4.36 4.09
equal LIC Housing Fin. 25/03/2021 Debenture AAA 3.23 - 3.25 3.25
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 2.69 2.68
equal 8.19% Mahindra Vehicle Manufacturers 23/02/2021 Debenture AAA 1.62 - 1.73 1.62
equal 8.25% Tata Sons 24/03/2021 Non Convertible Debenture AAA 1.35 - 1.44 1.35
equal 7.40% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.00 - 1.78 1.11
equal 8.50% LIC Housing Fin. 2021 Debenture AAA 1.08 - 1.17 1.08
equal 7.60% REC 17/04/2021 Bonds/NCDs AAA 0.00 - 0.98 0.97

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 30-Jun-2020

Fund Manager

— Harshal Joshi since 19-Mar-2018

Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai

Experience: Prior to joining IDFC Mutual fund in 2008 he has worked with ICAP India Pvt. Ltd.

Funds Managed:


0.03%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 12.0979

Dividend Half Yearly: ₹ 10.5044

Dividend: ₹ 10.5048


Investment Strategy

The scheme seeks to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.

Tenure (Days) 1141
Maturity date 05-May-2021

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 21-Mar-2018
Return Since Launch: 8.56%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Closed-end

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend24-Mar-20201.0930
Dividend Half Yearly24-Mar-20200.2188

 27-Sep-20190.3418
 27-Mar-20190.4146
 24-Sep-20180.0690

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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