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
Dividends
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YTD | 1 Month | 3 Months | 1 Years | 3 Years | 5 Years | 10 Years | |
---|---|---|---|---|---|---|---|
Fund | 10.78 | 0.31 | 1.95 | -- | -- | -- | -- |
CCIL T Bill Liquidity Weight | 4.21 | 0.30 | 0.89 | -- | -- | -- | -- |
Debt: FMP | 8.40 | 0.47 | 1.87 | -- | -- | -- | -- |
Rank within category | 16 | 600 | 341 | -- | -- | -- | -- |
Number of funds in category | 573 | 711 | 706 | 549 | 18 | 7 | 0 |
As on 13-Dec-2019
Best (Period) | Worst (Period) | |
---|---|---|
Month | 2.17 (01-Mar-2019 - 02-Apr-2019) | -0.45 (03-Apr-2019 - 03-May-2019) |
Quarter | 4.01 (09-May-2019 - 08-Aug-2019) | 1.49 (02-Apr-2019 - 02-Jul-2019) |
Year | -- ( - ) | -- ( - ) |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | -- | -- | -- | -- | -- | -- |
CCIL T Bill Liquidity Weight* | 4.11 | 0.25 | -6.57 | -10.84 | -- | -- |
Debt: FMP* | 7.44 | 1.61 | 1.26 | 1.79 | 3.27 | 7.12 |
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-Nov-2019
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 12 | 12 | 15 | |
Modified Duration (yrs) | -- | -- | -- | -- |
Average Maturity (yrs) | -- | -- | -- | -- |
Yield to Maturity (%) | -- | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
---|---|---|---|---|---|
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HDB Financial Services 2022 | Debenture | AAA | 11.84 - 11.93 | 11.90 |
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Sundaram Finance 25/03/2022 | Zero Coupon Bonds | AAA | 11.67 - 11.80 | 11.76 |
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LIC Housing Fin. 25/02/2022 | Debenture | AAA | 11.42 - 11.50 | 11.47 |
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8.55% Power Finance Corp. 2021 | Bonds | AAA | 11.09 - 11.87 | 11.09 |
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8.81% SIDBI 25/01/2022 | Debenture | AAA | 0.00 - 11.57 | 10.77 |
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8.27% REC 2022 | Debenture | AAA | 0.00 - 11.30 | 10.58 |
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8.99% Madhya Pradesh State 2022 | State Development Loan | SOV | 0.00 - 10.30 | 9.57 |
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8.23% HUDCO 15/04/2022 | Non Convertible Debenture | AAA | 8.91 - 9.56 | 8.91 |
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7.90% National Bank Agr. Rur. Devp 18/04/2022 | Non Convertible Debenture | AAA | 0.00 - 4.78 | 4.75 |
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8.66% Tamilnadu State 25/01/2022 | State Development Loan | SOV | 3.56 - 3.86 | 3.56 |
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Axis Bank 2020 | Certificate of Deposit | A1+ | 0.00 - 1.48 | 1.45 |
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8.85% Power Grid Corporation 19/10/2020 | Bonds | AAA | 0.00 - 0.55 | 0.54 |
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
— Anurag Mittal since 27-Dec-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:
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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.
Tenure (Days) | 1207 |
Maturity date | 18-Apr-2022 |
Fund House: | IDFC Mutual Fund |
Launch Date: | 28-Dec-2018 |
Benchmark: | CRISIL Composite Bond |
Riskometer: | Moderate |
Type: | Closed-end |
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: 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