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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:
|YTD||1 Month||3 Months||1 Years||3 Years||5 Years||10 Years|
|CCIL T Bill Liquidity Weight||4.21||0.30||0.89||4.41||--||--||--|
|Rank within category||448||309||693||369||--||--||--|
|Number of funds in category||573||711||706||549||18||7||0|
As on 13-Dec-2019
|Best (Period)||Worst (Period)|
|Month||2.04 (01-Mar-2019 - 02-Apr-2019)||-1.10 (24-Aug-2018 - 25-Sep-2018)|
|Quarter||4.05 (26-Sep-2018 - 26-Dec-2018)||0.09 (26-Jun-2018 - 25-Sep-2018)|
|Year||12.41 (25-Sep-2018 - 25-Sep-2019)||9.93 (26-Jun-2018 - 26-Jun-2019)|
|CCIL T Bill Liquidity Weight*||4.11||0.25||-6.57||-10.84||--||--|
|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 30-Nov-2019
|Fund||1Y High||1Y Low||Category|
|Number of Securities||14||14||15|
|Modified Duration (yrs)||--||--||--||--|
|Average Maturity (yrs)||--||--||--||--|
|Yield to Maturity (%)||--||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|9.12% Andhra Pradesh State 23/05/2022||State Development Loan||SOV||13.50 - 14.24||13.50|
|7.27% Nat. Highways Authority 2022||Debenture||AAA||11.09 - 11.56||11.16|
|7.28% Power Finance Corp. 2022||Bonds||AAA||10.91 - 11.35||11.03|
|7.35% Export-Import Bank 18/05/2022||Bonds||AAA||10.95 - 11.34||11.00|
|8.95% L&T Finance 2022||Non Convertible Debenture||AAA||10.59 - 11.36||10.67|
|Kotak Mahindra Prime 26/05/2022||Zero Coupon Bonds||AAA||9.78 - 10.17||10.17|
|7.35% BPCL 2022||Bonds||AAA||8.62 - 8.98||8.62|
|Bajaj Housing Finance 2022||Debenture||AAA||8.06 - 8.33||8.33|
|8.85% Indiabulls Housing Finance 28/04/2022||Non Convertible Debenture||AA+||0.00 - 7.45||6.14|
|Axis Bank 2020||Securitised Debt||A1+||0.00 - 2.79||2.79|
|8.95% Bajaj Finance 2020||Debenture||AAA||0.00 - 0.56||0.53|
|9.25% Power Grid Corporation 26/12/2020||Bonds||AAA||0.45 - 0.49||0.45|
|7.25% SIDBI 30/04/2020||Bonds||AAA||0.00 - 0.36||0.35|
|8.27% REC 2022||Debenture||AAA||0.00 - 0.19||0.18|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Nov-2019
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).
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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.
|Fund House:||IDFC Mutual Fund|
|Benchmark:||CRISIL Composite Bond|
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]
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
Email: [email protected]