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Edelweiss Low Duration Fund - Regular Plan


1 Lakh

Investment declined to
₹ 0.95 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.18 Lakh

Analyst's Choice?

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.42 0.02 0.16 0.49 1.51 3.44 -5.40 2.78 2.84 4.62 5.73
CCIL T Bill Liquidity Weight 0.24 0.00 0.07 0.28 0.84 1.91 4.21 4.15 4.45 4.78 4.69
Debt: Low Duration 0.28 0.03 0.22 0.36 1.01 2.63 2.02 5.13 6.23 7.03 7.20
Rank within category 23 23 14 23 20 20 22 21 22 22 15
Number of funds in category 26 26 26 26 26 26 26 25 23 23 16

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.49 (30-Aug-2013 - 06-Sep-2013) -11.92 (03-Jun-2019 - 10-Jun-2019)
Month 1.51 (30-Aug-2013 - 01-Oct-2013) -11.57 (28-May-2019 - 27-Jun-2019)
Quarter 3.30 (03-Sep-2013 - 03-Dec-2013) -10.64 (02-Apr-2019 - 02-Jul-2019)
Year 10.76 (30-Aug-2013 - 01-Sep-2014) -5.49 (14-Jan-2019 - 14-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.03 7.05 -0.38 -0.09 1.86 0.36
CCIL T Bill Liquidity Weight 4.08 0.26 -6.21 -10.52 -- --
Debt: Low Duration 5.21 3.16 0.72 1.48 1.95 2.69
Rank within category 21 22 19 18 10 20
Number of funds in category 25 25 25 25 25 25

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 27 10 53
Modified Duration (yrs) 0.88 0.92 0.54 0.78
Average Maturity (yrs) 1.02 1.04 0.58 0.95
Yield to Maturity (%) 7.01 10.12 7.01 7.05

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.88% LIC Housing Fin. 28/01/2021 Bonds/NCDs AAA 0.00 - 12.13 12.13
equal 6.78% Reliance Industries 16/09/2020 Non Convertible Debenture AAA 6.42 - 17.25 12.07
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 13.96 11.91
equal 10.50% Sunny View Estates 2021 Debenture A 0.00 - 8.03 8.03
new 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 6.28 6.28
new 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 6.05 6.05
equal 7.85% Indian Hotels 15/04/2022 Bonds/Debentures AA+ 0.00 - 2.53 2.53
equal 7.99% Tata Power 16/11/2020 Non Convertible Debenture AA 0.26 - 2.41 2.41
equal Muthoot Finance 24/04/2022 Non Convertible Debenture AA 0.00 - 2.35 2.35
equal L&T Finance 13/04/2022 Debenture AAA 0.00 - 0.89 0.89
equal 8.12% Nabha Power 28/04/2021 Debenture AAA 0.00 - 0.61 0.61

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-Dec-2019

Fund Manager

— Gautam Kaul since 01-Feb-2017

Education: Mr. Kaul is a B.Com (H) and MBA (Finance).

Experience: Prior to joining Edelweiss AMC he has worked with Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd..

Funds Managed:

— Rahul Dedhia since 11-Dec-2017

Education: Mr. Dedhia is a B.E. (Electronics) and also holds a PGeMBA - Finance.

Experience: Prior to joining Edelweiss Mutual Fund, he has worked with PGIM India Mutual Fund as Assistant Fund Manager.

Funds Managed:


0.02%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 2,078.1763

Dividend Weekly: ₹ 927.9988

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Dividend Monthly: ₹ 990.4809

Dividend Fortnightly: ₹ 1,866.4212

Dividend Daily: ₹ 927.6518

Dividend: ₹ 1,406.6978


Investment Strategy

The scheme aims to generate returns commensurate with risks of investing in a low duration portfolio of money market instruments, debt securities, InvITs, REITs and other permissible securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 21-Sep-2007
Return Since Launch: 6.10%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 83 Cr (As on 31-Dec-2019)
Expense: 1.01% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Jun-20190.6630

 31-May-20190.3088
 28-May-20190.3556
 27-May-20190.8410
 24-May-20190.2131
 23-May-20190.6123
 22-May-20190.1205
 21-May-20190.1128
 20-May-20190.6346
 17-May-20190.2551
 14-May-20190.0975
 10-May-20190.2622
 09-May-20190.1721
 08-May-20190.3102
 07-May-20190.3943
 06-May-20190.3458
 02-May-20190.1216
 30-Apr-20190.3979
 22-Apr-20191.1421
 18-Apr-20190.1093
 16-Apr-20190.1388
 15-Apr-20190.1417
 02-Apr-20190.9284
 31-Mar-20190.2791
 29-Mar-20190.2982
Dividend Fortnightly28-May-20197.2863

 14-May-20191.8990
 30-Apr-20193.5598
 15-Apr-20192.9912
 28-Mar-20196.5758
 14-Mar-20196.6411
 28-Feb-20192.2352
 14-Feb-20194.0579
 28-Jan-20193.6547
 14-Jan-20195.9451
 28-Dec-20185.8054
 14-Dec-20186.8763
 28-Nov-20184.9264
 14-Nov-20185.4285
 29-Oct-20183.2725
 15-Oct-20184.5176
 28-Sep-20182.2279
 14-Sep-20182.4901
 28-Aug-20183.4254
 14-Aug-20184.5154
 30-Jul-20183.6075
 16-Jul-20186.3838
 28-Jun-20184.1081
 14-Jun-20186.1936
 28-May-20183.3001
Dividend Weekly28-May-20191.8591

 21-May-20191.6546
 07-May-20191.0487
 30-Apr-20190.6871
 23-Apr-20190.9725
 16-Apr-20190.5055
 02-Apr-20192.6937
 26-Mar-20191.1548
 19-Mar-20191.3767
 12-Mar-20191.5451
 05-Mar-20191.2884
 26-Feb-20190.1344
 20-Feb-20190.4821
 12-Feb-20192.0961
 29-Jan-20191.2466
 22-Jan-20190.6709
 15-Jan-20191.0245
 08-Jan-20191.3080
 01-Jan-20191.1926
 26-Dec-20181.4753
 18-Dec-20181.8041
 11-Dec-20180.7401
 04-Dec-20181.8528
 27-Nov-20180.9275
 20-Nov-20181.5367
Dividend Monthly27-May-20195.6731

 25-Apr-20197.2032
 25-Feb-20195.7626
 26-Feb-20183.0079
 25-Jan-20183.4403
 26-Dec-20172.7036
 27-Nov-20174.4789
 25-Oct-20173.9730
 25-Sep-20173.2094
 28-Aug-20173.9081
 25-Jul-20174.6852
 27-Jun-20170.0566
 25-May-20170.0479
 25-Apr-20170.0457
 29-Mar-20170.0403
 28-Feb-20170.0442
 27-Jan-20170.0419
 27-Dec-20160.0157
 25-Aug-20150.0427
 27-Jul-20150.0532
 25-Jun-20150.0528
 25-May-20150.0505
 27-Apr-20150.0694
 25-Mar-20150.0449
 25-Feb-20150.0478

Contact Information

AMC: Edelweiss Asset Management Ltd.

Address: 801- 802 & 803 - 8th Floor, Windsor Off C.S.T. Road, Kalina-Santacruz (E), Mumbai - 400098

Phone: 40933400 / 1800-425-0090

Email: [email protected]

Website: www.edelweissmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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