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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 6.15 0.04 0.16 0.39 1.83 4.38 7.86 7.29 7.45 7.72 7.91
CCIL T Bill Liquidity Weight 2.58 0.06 0.12 0.22 0.59 1.51 3.45 3.98 4.16 4.64 4.77
Debt: Low Duration 4.93 0.03 0.11 0.33 3.44 4.68 6.36 5.06 6.11 6.75 7.43
Rank within category 5 8 1 5 7 7 5 9 10 10 11
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 01-Oct-2020

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 7.86 7.29 7.45 1.04 20,391
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 8.51 7.92 8.11 0.55 19,725
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 7.94 7.57 7.62 1.22 14,808
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 7.24 7.51 7.58 1.07 10,361
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 8.49 7.82 8.05 1.12 9,297

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 7.07 1.12 1.80 2.93 0.31 2.36
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Low Duration 5.14 4.37 1.09 2.26 -0.74 -0.78
Rank within category 9 10 11 11 9 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 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 178 181 131 55
Modified Duration (yrs) 0.91 0.93 0.78 0.78
Average Maturity (yrs) 1.31 1.31 0.97 0.91
Yield to Maturity (%) 5.32 7.56 5.32 4.92
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
equal 8.75% State Bank of India Bonds AA+ 0.99 - 3.60 3.39
equal Power Grid Corporation 179-D 16/10/2020 Commercial Paper A1+ 0.00 - 4.27 3.17
up 8.12% GOI 2020 Central Government Loan SOV 0.00 - 2.73 2.73
equal 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 0.00 - 2.86 2.65
equal Tata Teleservices 364-D 01/03/2021 Commercial Paper A1+ 0.00 - 3.98 2.37
new Export-Import Bank 19/05/2023 Certificate of Deposit AAA 0.00 - 2.15 2.15
equal Axis Bank 29/12/2020 Certificate of Deposit A1+ 0.00 - 3.49 2.06
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 2.96 1.75
up 6.79% GOI 15/05/2027 GOI Securities SOV 1.10 - 2.55 1.70
equal 7.28% Power Finance Corp. 2022 Bonds AAA 0.00 - 1.76 1.66
equal Aditya Birla Finance 25/06/2021 Deep Discount Bonds AAA 0.00 - 1.44 1.36
equal Axis Bank 13/11/2020 Certificate of Deposit A1+ 0.00 - 1.42 1.34
equal 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 1.25 - 1.92 1.25
equal Axis Bank 24/12/2020 Certificate of Deposit A1+ 0.00 - 2.06 1.21
new National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 1.21 1.21
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 1.62 1.21
equal Tata Motors 240-D 30/12/2020 Commercial Paper A1+ 0.00 - 1.91 1.21
new Reserve Bank of India 182-D 26/11/2020 Treasury Bills SOV 0.00 - 1.17 1.17
equal 9.00% Union Bank of India 2099 Bonds AA- 1.16 - 1.91 1.16
equal Tata Motors 302-D 26/02/2021 Commercial Paper A1+ 0.00 - 1.80 1.15
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 1.89 1.14
equal 8.10% L&T Infrastructre Finance 17/02/2022 Non Convertible Debenture AAA 0.00 - 1.88 1.11
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 0.00 - 1.81 1.09
equal Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 1.44 1.07
down 8.50% L&T Infrastructre Finance 17/03/2023 Non Convertible Debenture AAA 0.00 - 1.24 1.05

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-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:


0.04%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 43.9197

Dividend Weekly: ₹ 10.1367

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Dividend Monthly: ₹ 10.1517

Dividend Daily: ₹ 10.1428


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: 7.34%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 20,391 Cr (As on 31-Aug-2020)
Expense: 1.04% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily29-Sep-20200.0046

 28-Sep-20200.0034
 25-Sep-20200.0039
 24-Sep-20200.0010
 23-Sep-20200.0017
 22-Sep-20200.0016
 21-Sep-20200.0021
 18-Sep-20200.0057
 17-Sep-20200.0030
 03-Sep-20200.0026
 02-Sep-20200.0046
 01-Sep-20200.0017
 31-Aug-20200.0125
 28-Aug-20200.0011
 19-Aug-20200.0021
 18-Aug-20200.0009
 17-Aug-20200.0015
 14-Aug-20200.0038
 13-Aug-20200.0011
 12-Aug-20200.0062
 11-Aug-20200.0023
 10-Aug-20200.0033
 07-Aug-20200.0074
 06-Aug-20200.0043
 05-Aug-20200.0001
Dividend Monthly28-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
 29-Oct-20180.0513
 24-Sep-20180.0099
 27-Aug-20180.0388
Dividend Weekly28-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
 27-Jul-20200.0059
 20-Jul-20200.0182
 13-Jul-20200.0329
 06-Jul-20200.0354
 29-Jun-20200.0330
 22-Jun-20200.0496
 15-Jun-20200.0163
 08-Jun-20200.0023
 01-Jun-20200.0014
 26-May-20200.0620
 18-May-20200.0458
 11-May-20200.0147
 20-Apr-20200.0216
 07-Apr-20200.0351
 09-Mar-20200.0032
 02-Mar-20200.0048

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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