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Unrated

IDFC Fixed Term Plan Series 179 - Direct Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.07 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 3.94 0.14 0.30 2.06 2.08 6.35 7.09 -- -- -- --
CCIL T Bill Liquidity Weight 1.48 0.01 0.03 0.17 0.60 1.13 2.20 -- -- -- --
Debt: FMP 3.56 0.00 0.06 0.46 1.21 2.90 5.99 -- -- -- --
Rank within category 47 1 2 1 4 1 41 -- -- -- --
Number of funds in category 306 320 319 316 310 306 306 51 3 3 0

As on 15-Sep-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 179 - Direct Plan
Unrated
Mar-19 7.09 -- -- 0.05 270
Kotak FMP Series 252 - 1261 Days - Direct Plan
Unrated
Nov-18 5.36 -- -- -- 1,349
HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Direct Plan
Unrated
Sep-18 11.18 10.18 -- 0.25 790
Kotak FMP Series 239 - 1330 Days - Direct Plan
Unrated
Aug-18 9.49 9.63 -- -- 780
SBI Fixed Maturity Plan - Series 41 (1498 Days) - Direct Plan
Unrated
Mar-21 -- -- -- 0.15 754

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.63 13-Apr-2020 - 21-Apr-2020 -3.09 31-Mar-2020 - 07-Apr-2020
Month 6.89 08-Apr-2020 - 08-May-2020 -4.31 06-Mar-2020 - 07-Apr-2020
Quarter 9.69 22-Apr-2019 - 22-Jul-2019 -2.28 27-Nov-2020 - 26-Feb-2021
Year 17.75 09-May-2019 - 08-May-2020 3.53 27-Jul-2020 - 27-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: FMP* 8.05 2.15 2.32 4.44 1.31 4.88
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 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 16 -- 15
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --
Avg Credit Rating GOI/Cash -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.43% Uttar Pradesh State 2029 State Development Loan SOV 30.51 - 32.70 30.51
equal 8.35% Gujarat State 2029 State Development Loan SOV 21.00 - 22.49 21.00
equal 8.37% Tamilnadu State 2029 State Development Loan SOV 20.29 - 21.73 20.29
equal 8.28% Gujarat State 20/02/2029 State Development Loan SOV 18.17 - 19.45 18.17
up 8.32% Karnataka State 2029 State Development Loan SOV 0.00 - 2.48 2.48
equal 8.38% Gujarat State 27/02/2029 State Development Loan SOV 2.03 - 2.17 2.03
up 8.28% Karnataka State 2029 State Development Loan SOV 0.00 - 0.71 0.70
equal 8.19% Karnataka State 23/01/2029 State Development Loan SOV 0.00 - 0.54 0.52
new 8.17% Gujarat State 19/12/2028 State Development Loan SOV 0.00 - 0.30 0.30
equal 8.32% Uttar Pradesh State 13/02/2029 State Development Loan SOV 0.28 - 0.30 0.28
equal 8.28% Gujarat State 13/02/2029 State Development Loan SOV 0.26 - 0.27 0.26
equal 8.37% Madhya Pradesh State 2028 State Development Loan SOV 0.00 - 0.25 0.24
equal 8.45% Uttar Pradesh State 27/02/2029 State Development Loan SOV 0.16 - 0.17 0.16
new 8.27% Gujarat State 2029 State Development Loan SOV 0.00 - 0.08 0.08
equal 8.36% Tamilnadu State 2028 State Development Loan SOV 0.00 - 0.04 0.04
new 8.08% Tamilnadu State 26/12/2028 State Development Loan SOV 0.00 - 0.04 0.04
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 31-Aug-2021

Fund Manager

— Anurag Mittal since 11-Mar-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:


0.14%

Change from previous, NAV as on 15-Sep-2021

Growth: ₹ 13.2067

IDCW Half Yearly: ₹ 11.6451


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) 3652
Maturity date 12-Mar-2029

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 13-Mar-2019
Return Since Launch: 11.71%
Benchmark: CRISIL Composite Bond Index
Riskometer: Moderate
Type: Closed-end

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Half Yearly24-Mar-20210.0802

 28-Sep-20200.4434
 24-Mar-20200.3077
 27-Sep-20190.3085

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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