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Unrated

IDFC Fixed Term Plan Series 167 - Regular Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.04 Lakh

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five 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.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 3.28 0.04 0.11 0.23 0.98 2.19 4.42 -- -- -- --
CCIL T Bill Liquidity Weight* 1.62 -0.02 0.03 0.12 0.52 1.08 2.06 -- -- -- --
Debt: FMP* 3.69 0.03 0.09 0.24 1.09 2.38 4.99 -- -- -- --
Rank within category* 151 64 57 195 154 175 152 -- -- -- --
Number of funds in category* 282 299 299 297 289 284 282 63 3 3 0

As on 18-Oct-2021

* As on 19-Oct-2021

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 4.42 -- -- 0.24% 118
Kotak FMP Series 252 - 1261 Days - Regular Plan
Unrated
Nov-18 4.31 -- -- 0.09% 1,353
HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Regular Plan
Unrated
Sep-18 9.90 9.76 -- 0.27% 793
Kotak FMP Series 239 - 1330 Days - Regular Plan
Unrated
Aug-18 8.15 9.54 -- 0.12% 783
SBI Fixed Maturity Plan - Series 41 (1498 Days) - Regular Plan
Unrated
Mar-21 -- -- -- 0.35% 756

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 4.46 14-Oct-2020 - 14-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.34 0.40 -1.54 -3.94 -- --
Debt: FMP* 8.22 1.91 2.62 6.15 1.53 5.21
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-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 23 23 -- 15
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --
Avg Credit Rating AAA -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal HDB Financial Services 2022 Debenture AAA 11.97 - 12.04 12.04
equal 8.99% Madhya Pradesh State 2022 State Development Loan SOV 10.99 - 11.61 11.21
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 10.73 - 11.41 10.73
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 10.64 - 11.41 10.64
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 10.47 - 11.26 10.47
equal Bajaj Housing Finance 2022 Debenture AAA 9.79 - 9.86 9.86
equal 8.69% LIC Housing Fin. 19/04/2022 Zero Coupon Bonds AAA 9.64 - 10.36 9.64
equal 7.46% REC 28/02/2022 Non Convertible Debenture AAA 9.13 - 9.76 9.13
equal Sundaram Finance 25/03/2022 Zero Coupon Bonds AAA 5.47 - 5.50 5.50
equal 5.09% GOI 13/04/2022 GOI Securities SOV 0.53 - 1.88 1.84
equal 5.93% Orissa State 2022 State Development Loan SOV 1.72 - 1.81 1.72
equal 8.45% REC 22/03/2022 Debenture AAA 0.46 - 0.90 0.87
equal 8.69% Gujarat State 2022 State Development Loan SOV 0.83 - 0.90 0.83
equal 8.92% Karnataka State 2022 State Development Loan SOV 0.00 - 0.71 0.68
equal 8.95% Maharashtra State 2022 State Development Loan SOV 0.00 - 0.62 0.59
new 8.97% Andhra Pradesh State 2022 State Development Loan SOV 0.00 - 0.47 0.47
equal 8.30% Reliance Industries 2022 Debenture AAA 0.26 - 0.28 0.26
equal 8.65% Karnataka State 25/01/2022 State Development Loan SOV 0.00 - 0.22 0.21
equal 8.73% Madhya Pradesh State 25/01/2022 State Development Loan SOV 0.00 - 0.22 0.21
equal 8.72% Maharashtra State 2022 State Development Loan SOV 0.20 - 0.22 0.20
equal 8.66% Tamilnadu State 25/01/2022 State Development Loan SOV 0.00 - 0.15 0.15
equal 9.20% Andhra Pradesh State 2022 State Development Loan SOV 0.00 - 0.12 0.11
equal 8.69% Karnataka State 2022 State Development Loan SOV 0.00 - 0.09 0.09
equal Others Margin Money -- - 0.00

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-Sep-2021

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:

— Harshal Joshi since 28-Jul-2021

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:


0.04%

Change from previous, NAV as on 18-Oct-2021

Growth: ₹ 12.6177

IDCW Quarterly: ₹ 10.4395

IDCW Half Yearly: ₹ 10.3957


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.

Investment Details

Tenure (Days) 1202
Maturity date 26-Apr-2022

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 10-Jan-2019
Return Since Launch: 8.75%
Benchmark: CRISIL Composite Bond Index
Riskometer: Low to Moderate
Type: Closed-end

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Half Yearly28-Sep-20210.2494

 24-Mar-20210.2250
 28-Sep-20200.5996
 24-Mar-20200.2684
 27-Sep-20190.3104
 27-Mar-20190.1073
IDCW Quarterly28-Sep-20210.1119

 28-Jun-20210.1286
 24-Mar-20210.0464
 24-Dec-20200.1701
 28-Sep-20200.2007
 26-Jun-20200.3877
 24-Mar-20200.1029
 26-Dec-20190.1479
 26-Sep-20190.1506
 26-Jun-20190.1577
 27-Mar-20190.1076

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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