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Unrated

IDFC Fixed Term Plan Series 167 - Regular Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.12 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 6.94 -0.03 0.44 2.33 5.22 6.56 12.13 -- -- -- --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 -- -- -- --
Debt: FMP 5.43 0.03 0.30 1.40 3.70 5.11 9.68 -- -- -- --
Rank within category 35 563 65 24 48 37 8 -- -- -- --
Number of funds in category 617 628 628 628 625 618 600 42 4 0 0

As on 09-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 167 - Regular Plan
Unrated
Jan-19 12.13 -- -- 0.25 108
Nippon India Fixed Horizon Fund XXXVIII - Series 6 - Regular Plan
Unrated
Jul-18 9.16 -- -- 0.06 1,857
Kotak FMP Series 252 - 1261 Days - Regular Plan
Unrated
Nov-18 11.49 -- -- 0.09 1,263
ICICI Prudential Fixed Maturity Plan - Series 82 1185 Days Plan I
Unrated
Feb-18 9.67 -- -- 0.05 1,094
HDFC Fixed Maturity Plan - 1158 Days - February 2018 (1) - Regular Plan
Unrated
Feb-18 9.52 -- -- 0.18 1,038

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.35 (24-Mar-2020 - 31-Mar-2020) -1.71 (12-Mar-2020 - 19-Mar-2020)
Month 3.23 (24-Mar-2020 - 23-Apr-2020) -2.03 (20-Feb-2020 - 24-Mar-2020)
Quarter 6.22 (26-Mar-2020 - 25-Jun-2020) -0.21 (24-Dec-2019 - 24-Mar-2020)
Year 12.26 (03-Jul-2019 - 02-Jul-2020) 7.69 (27-Mar-2019 - 26-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 15 15 -- 16
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 8.99% Madhya Pradesh State 2022 State Development Loan SOV 12.05 - 12.98 12.05
equal HDB Financial Services 2022 Debenture AAA 11.86 - 11.95 11.86
equal 7.95% SIDBI 26/04/2022 Debenture AAA 0.00 - 11.64 11.61
up 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 11.58 11.58
equal 8.69% LIC Housing Fin. 19/04/2022 Zero Coupon Bonds AAA 10.64 - 11.51 10.64
equal 7.46% REC 28/02/2022 Non Convertible Debenture AAA 10.00 - 10.65 10.00
equal Bajaj Housing Finance 2022 Debenture AAA 9.70 - 9.79 9.71
equal 8.23% HUDCO 15/04/2022 Non Convertible Debenture AAA 8.85 - 9.42 8.85
equal Sundaram Finance 25/03/2022 Zero Coupon Bonds AAA 5.41 - 5.45 5.42
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 3.75 3.74
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 0.97 0.96
equal 8.69% Gujarat State 2022 State Development Loan SOV 0.95 - 1.02 0.95
equal 8.45% REC 22/03/2022 Debenture AAA 0.00 - 0.49 0.48
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 0.00 - 0.40 0.39
equal 8.72% Maharashtra State 2022 State Development Loan SOV 0.23 - 0.25 0.23

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-May-2020

Fund Manager

— Anurag Mittal since 08-Jan-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).

Funds Managed:


-0.03%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 11.8362

Dividend Quarterly: ₹ 10.4269

Dividend Half Yearly: ₹ 10.7942


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) 1202
Maturity date 26-Apr-2022

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 10-Jan-2019
Return Since Launch: 11.93%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Closed-end

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-Jun-20200.3877

 24-Mar-20200.1029
 26-Dec-20190.1479
 26-Sep-20190.1506
 26-Jun-20190.1577
 27-Mar-20190.1076
Dividend Half Yearly24-Mar-20200.2684

 27-Sep-20190.3104
 27-Mar-20190.1073

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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