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Unrated

IDFC Fixed Term Plan Series 161 - 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 5.73 0.02 0.20 1.27 4.08 5.41 10.39 -- -- -- --
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 272 224 266 340 241 258 232 -- -- -- --
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 161 - Regular Plan
Unrated
Aug-18 10.39 -- -- 0.25 53
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 1.87 (24-Mar-2020 - 31-Mar-2020) -1.35 (12-Mar-2020 - 19-Mar-2020)
Month 2.56 (24-Mar-2020 - 23-Apr-2020) -1.53 (20-Feb-2020 - 24-Mar-2020)
Quarter 5.15 (24-Mar-2020 - 23-Jun-2020) -0.01 (24-Dec-2019 - 24-Mar-2020)
Year 11.80 (25-Sep-2018 - 25-Sep-2019) 7.50 (25-Mar-2019 - 24-Mar-2020)

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 14 14 -- 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 Axis Finance 31/08/2021 Zero Coupon Bonds AAA 11.19 - 11.25 11.25
equal 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 10.82 - 11.38 11.10
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 0.00 - 11.18 11.07
equal 8.40% SIDBI 2021 Debenture AAA 10.37 - 11.11 10.37
equal 8.95% L&T Finance 16/08/2021 Non Convertible Debenture AAA 9.63 - 10.37 9.63
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 9.63 - 10.20 9.63
equal 8.60% Bajaj Housing Finance 2021 Non Convertible Debenture AAA 8.65 - 9.26 8.65
new 7.57% Ultratech Cement 2021 Debenture AAA 0.00 - 7.72 7.72
equal 7.67% LIC Housing Fin. 29/07/2021 Bonds AAA 6.72 - 7.15 6.72
equal 8.36% Ultratech Cement 2021 Debenture AAA 0.00 - 3.33 3.30
down 8.40% Power Grid Corporation 27/05/2021 Debenture AAA 1.55 - 10.51 1.55
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 0.97 0.97
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.00 - 0.80 0.78
equal 7.70% REC 15/03/2021 Bonds/NCDs AAA 0.19 - 11.42 0.19

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

— Anurag Mittal since 27-Aug-2018

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 14-Jul-2020

Growth: ₹ 12.0013

Dividend Half Yearly: ₹ 10.6668


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) 1098
Maturity date 31-Aug-2021

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 29-Aug-2018
Return Since Launch: 10.21%
Benchmark: CRISIL Composite Bond
Riskometer: Moderately Low
Type: Closed-end

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly24-Mar-20200.2678

 27-Sep-20190.2968
 27-Mar-20190.3161

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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