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4 star

HDFC Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 2.92 0.03 0.06 0.43 1.26 2.70 5.18 7.11 6.86 7.22 7.61
CCIL T Bill Liquidity Weight 1.49 0.00 0.04 0.18 0.63 1.12 2.19 3.44 3.67 4.11 4.55
Debt: Low Duration 2.70 0.01 0.06 0.33 1.07 2.30 4.41 4.70 5.48 6.26 7.21
Rank within category 6 1 6 2 3 3 3 4 4 9 11
Number of funds in category 24 24 24 24 24 24 24 24 23 21 19

As on 17-Sep-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
4 star
Nov-99 5.18 7.11 6.86 1.04 25,628
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 5.56 7.65 7.44 0.52 34,969
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 4.50 7.05 6.85 1.22 18,602
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 4.52 7.12 7.16 1.19 12,464
Axis Treasury Advantage Fund
4 star
Oct-09 4.48 7.14 6.97 0.61 11,139

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 6.87 1.07 2.64 4.59 0.62 3.25
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Low Duration 4.79 4.24 1.36 2.85 -0.58 0.37
Rank within category 4 7 6 10 11 9
Number of funds in category 24 24 24 24 24 24

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

As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 160 192 141 65
Modified Duration (yrs) 0.92 1.15 0.85 0.72
Average Maturity (yrs) 2.16 2.67 1.24 0.99
Yield to Maturity (%) 4.39 5.36 4.39 4.39
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
down GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 8.09 6.09
equal NTPC 91-D 11/10/2021 Commercial Paper A1+ 0.00 - 5.83 5.83
equal Reliance Jio Infocomm 91-D 14/10/2021 Commercial Paper A1+ 0.00 - 4.86 4.86
equal Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 3.88 3.88
equal 5.09% National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 2.57 2.46
equal 9.25% Power Finance Corporation Additional Tier 2 Bond AAA 1.97 - 3.21 2.13
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 2.68 2.01
equal Tata Teleservices 364-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.43 1.91
equal Axis Bank 27/04/2022 Certificate of Deposit A1+ 0.00 - 1.91 1.91
equal Reliance Industries 346-D 27/06/2022 Commercial Paper A1+ 0.00 - 1.89 1.89
equal Export-Import Bank 19/05/2023 Certificate of Deposit AAA 1.68 - 2.61 1.81
equal Axis Bank 28/12/2021 Non Convertible Debenture A1+ 0.00 - 2.05 1.56
equal Liquid Gold Series 5 15/07/2023 Securitised Debt AAA 0.00 - 1.54 1.54
equal 7.40% Muthoot Finance 2024 Debenture AA+ 0.00 - 1.93 1.50
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 1.91 1.43
equal BHEL 90-D 21/09/2021 Commercial Paper A1+ 0.00 - 1.36 1.36
equal 7.28% Power Finance Corporation 2022 Bonds AAA 1.21 - 2.01 1.30
equal 9.95% Food Corporation of India 2022 Bonds AAA 1.13 - 1.92 1.21
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.75 - 1.53 1.15
equal 8.50% L&T Infrastructre Finance 17/03/2023 Non Convertible Debenture AAA 0.75 - 1.13 1.11
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.25 - 1.07 1.07
equal 6.22% HDFC 2021 Debenture AAA 0.60 - 1.14 1.06
up 6.97% GOI 2026 GOI Securities SOV 0.00 - 1.02 1.02
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 1.28 0.98
equal Tata Teleservices 362-D 30/11/2021 Commercial Paper A1+ 0.00 - 1.23 0.97

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

— 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:


0.03%

Change from previous, NAV as on 17-Sep-2021

Growth: ₹ 46.0529

IDCW Weekly: ₹ 10.0641

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IDCW Monthly: ₹ 10.1612

IDCW 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 18-Nov-1999
Return Since Launch: 7.24%
Benchmark: NIFTY Low Duration Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 25,628 Cr (As on 31-Aug-2021)
Expense: 1.04% (As on 31-Jul-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily16-Sep-20210.0027

 15-Sep-20210.0014
 09-Sep-20210.0022
 08-Sep-20210.0024
 07-Sep-20210.0008
 06-Sep-20210.0007
 03-Sep-20210.0030
 02-Sep-20210.0015
 01-Sep-20210.0010
 31-Aug-20210.0039
 30-Aug-20210.0016
 27-Aug-20210.0047
 26-Aug-20210.0031
 23-Aug-20210.0006
 20-Aug-20210.0053
 18-Aug-20210.0022
 17-Aug-20210.0065
 13-Aug-20210.0063
 12-Aug-20210.0015
 11-Aug-20210.0024
 09-Aug-20210.0044
 06-Aug-20210.0027
 05-Aug-20210.0015
 04-Aug-20210.0016
 03-Aug-20210.0021
IDCW Weekly13-Sep-20210.0061

 06-Sep-20210.0109
 30-Aug-20210.0083
 23-Aug-20210.0140
 17-Aug-20210.0144
 09-Aug-20210.0105
 02-Aug-20210.0074
 26-Jul-20210.0038
 19-Jul-20210.0178
 12-Jul-20210.0055
 05-Jul-20210.0074
 28-Jun-20210.0050
 21-Jun-20210.0064
 14-Jun-20210.0136
 07-Jun-20210.0125
 31-May-20210.0043
 24-May-20210.0130
 17-May-20210.0082
 10-May-20210.0125
 03-May-20210.0087
 26-Apr-20210.0124
 19-Apr-20210.0067
 12-Apr-20210.0118
 05-Apr-20210.0041
 30-Mar-20210.0290
IDCW Monthly30-Aug-20210.0552

 26-Jul-20210.0348
 28-Jun-20210.0379
 31-May-20210.0471
 26-Apr-20210.0353
 30-Mar-20210.0292
 22-Feb-20210.0137
 25-Jan-20210.0257
 28-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

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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