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3 star

HDFC Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a 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 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 0.15 0.00 0.01 0.33 1.43 3.13 7.88 7.48 7.47 7.61 7.90
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 3.80 4.01 4.43 4.70
Debt: Low Duration 0.06 0.00 0.01 0.17 0.99 2.31 5.96 5.00 5.96 6.54 7.39
Rank within category 4 5 14 3 3 2 3 6 7 10 11
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 22-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Low Duration Fund  | Invest Online
3 star
Nov-99 7.88 7.48 7.47 1.04 25,421
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 8.19 8.12 8.09 0.55 29,895
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 7.21 7.56 7.49 1.22 19,972
SBI Magnum Low Duration Fund  | Invest Online
4 star
Jul-07 6.36 7.39 7.41 1.01 16,320
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 7.40 7.72 7.84 1.15 11,678

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.59 (24-Mar-2020 - 31-Mar-2020) -0.82 (12-Mar-2020 - 19-Mar-2020)
Month 1.99 (24-Mar-2020 - 23-Apr-2020) -1.00 (25-Feb-2020 - 26-Mar-2020)
Quarter 3.83 (24-Mar-2020 - 24-Jun-2020) 0.20 (24-Dec-2019 - 24-Mar-2020)
Year 10.28 (30-Jun-2000 - 02-Jul-2001) 3.73 (19-Jun-2003 - 18-Jun-2004)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.30 1.08 2.34 3.65 0.27 2.80
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Low Duration 5.18 4.37 1.30 2.57 -0.67 -0.25
Rank within category 7 9 9 10 11 12
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 188 192 137 60
Modified Duration (yrs) 0.92 0.96 0.79 0.76
Average Maturity (yrs) 1.94 1.94 0.97 0.89
Yield to Maturity (%) 4.54 7.56 4.46 4.11
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 5.71 5.71
equal Reserve Bank of India 182-D 08/04/2021 Treasury Bills SOV 0.00 - 5.40 4.48
equal 8.75% State Bank of India Bonds AA+ 1.12 - 4.12 2.73
equal 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 0.00 - 3.21 2.17
equal Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 2.00 1.95
equal Tata Teleservices 364-D 01/03/2021 Commercial Paper A1+ 0.00 - 3.98 1.95
equal Export-Import Bank 19/05/2023 Certificate of Deposit AAA 0.00 - 2.61 1.77
new Axis Bank 28/12/2021 Non Convertible Debenture A1+ 0.00 - 1.58 1.58
equal 8.24% GOI 15/02/2027 Central Government Loan SOV 0.00 - 1.88 1.56
new Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 1.53 1.53
equal 7.80% GOI 2021 Central Government Loan SOV 0.00 - 1.57 1.52
new 7.40% Muthoot Finance 2024 Debenture AA 0.00 - 1.48 1.48
equal 7.28% Power Finance Corp. 2022 Bonds AAA 0.32 - 2.01 1.33
equal 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 1.92 1.26
new National Bank Agr. Rur. Devp 364-D 18/02/2021 Commercial Paper A1+ 0.00 - 1.18 1.18
new 7.73% State Bank of India Debenture AA+ 0.00 - 1.01 1.01
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 1.23 1.01
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 1.00 - 2.96 1.00
new Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 0.99 0.99
equal 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 0.99 - 1.92 0.99
equal National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 1.47 0.98
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 1.62 0.98
new Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 0.97 0.97
equal 9.00% Union Bank of India 2099 Bonds AA- 0.95 - 1.91 0.95
equal Tata Motors 302-D 26/02/2021 Commercial Paper A1+ 0.00 - 1.80 0.94

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-2020

Fund Manager

— Anupam Joshi since 27-Oct-2015

Education: Mr. Joshi is a PGDM in Business Management.

Experience: Prior to joining HDFC Mutual Fund he has worked with IDFC AMC, Principal Asset Management Company and ICAP India Pvt. Ltd.

Funds Managed:


0.00%

Change from previous, NAV as on 22-Jan-2021

Growth: ₹ 44.8129

Dividend Weekly: ₹ 10.1143

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Dividend Monthly: ₹ 10.1628

Dividend Daily: ₹ 10.1350


Investment Strategy

The scheme seeks to generate income / capital appreciation through investment in debt securities and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 18-Nov-1999
Return Since Launch: 7.33%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 25,421 Cr (As on 31-Dec-2020)
Expense: 1.04% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly18-Jan-20210.0107

 11-Jan-20210.0086
 04-Jan-20210.0192
 28-Dec-20200.0130
 21-Dec-20200.0114
 14-Dec-20200.0063
 07-Dec-20200.0105
 01-Dec-20200.0175
 23-Nov-20200.0118
 17-Nov-20200.0164
 09-Nov-20200.0150
 02-Nov-20200.0078
 26-Oct-20200.0110
 19-Oct-20200.0181
 12-Oct-20200.0300
 05-Oct-20200.0191
 28-Sep-20200.0102
 21-Sep-20200.0141
 14-Sep-20200.0105
 07-Sep-20200.0105
 31-Aug-20200.0106
 24-Aug-20200.0230
 17-Aug-20200.0168
 10-Aug-20200.0168
 03-Aug-20200.0106
Dividend Daily07-Jan-20210.0017

 06-Jan-20210.0029
 05-Jan-20210.0031
 04-Jan-20210.0038
 01-Jan-20210.0046
 31-Dec-20200.0065
 30-Dec-20200.0010
 29-Dec-20200.0027
 28-Dec-20200.0043
 24-Dec-20200.0043
 23-Dec-20200.0027
 22-Dec-20200.0035
 21-Dec-20200.0025
 18-Dec-20200.0033
 17-Dec-20200.0054
 16-Dec-20200.0006
 15-Dec-20200.0013
 14-Dec-20200.0009
 11-Dec-20200.0008
 09-Dec-20200.0022
 08-Dec-20200.0033
 04-Dec-20200.0049
 03-Dec-20200.0056
 27-Nov-20200.0024
 26-Nov-20200.0012
Dividend Monthly28-Dec-20200.0413

 01-Dec-20200.0738
 26-Oct-20200.0786
 28-Sep-20200.0405
 31-Aug-20200.0497
 27-Jul-20200.0926
 29-Jun-20200.1028
 26-May-20200.1504
 27-Apr-20200.0402
 24-Feb-20200.0488
 27-Jan-20200.0385
 30-Dec-20190.0320
 25-Nov-20190.0424
 29-Oct-20190.0473
 30-Sep-20190.0430
 26-Aug-20190.0541
 29-Jul-20190.0637
 24-Jun-20190.0418
 27-May-20190.0565
 30-Apr-20190.0478
 25-Mar-20190.0499
 25-Feb-20190.0368
 28-Jan-20190.0455
 31-Dec-20180.0657
 26-Nov-20180.0499

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.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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dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM