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HDFC Low Duration Fund

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Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.58 0.39 1.51 8.05 6.88 7.41 7.64
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 4.67
Debt: Low Duration 2.08 0.25 1.43 2.56 5.25 6.33 7.17
Rank within category 11 18 19 11 12 11 8
Number of funds in category 26 26 26 26 25 23 16

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 1.46 (30-Aug-2013 - 01-Oct-2013) -0.27 (24-Jun-2013 - 24-Jul-2013)
Quarter 3.03 (28-Aug-2013 - 27-Nov-2013) 0.68 (20-May-2013 - 19-Aug-2013)
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 6.64 0.87 0.99 1.46 1.98 4.16
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Low Duration 5.22 3.14 0.67 1.36 1.99 2.77
Rank within category 12 8 11 11 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 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 133 143 109 52
Modified Duration (yrs) 0.79 0.81 0.63 0.73
Average Maturity (yrs) 1.00 1.00 0.77 0.91
Yield to Maturity (%) 6.07 8.21 6.07 7.03

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.59% GOI 2026 GOI Securities SOV 0.00 - 3.41 3.41
equal 8.45% LIC Housing Fin. 2020 Non Convertible Debenture AAA 0.00 - 3.50 3.28
equal 8.05% National Housing Bank 2022 Non Convertible Debenture AAA 0.00 - 5.21 3.27
equal Export-Import Bank 27/03/2020 Certificate of Deposit A1+ 0.00 - 3.60 2.72
up 7.59% REC 13/03/2020 Debenture AAA 0.00 - 2.62 2.62
down 8.36% Power Finance Corp. 26/02/2020 Bonds AAA 0.16 - 3.60 2.39
equal Axis Bank 13/02/2020 Certificate of Deposit A1+ 0.00 - 2.54 2.25
up 7.05% Power Finance Corp. 15/05/2020 Debenture AAA 0.00 - 2.13 2.13
equal 8.50% National Bank Agr. Rur. Devp 31/01/2022 Non Convertible Debenture AAA 0.00 - 2.67 2.06
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 2.43 1.96
equal National Bank Agr. Rur. Devp 18/02/2020 Commercial Paper A1+ 0.00 - 1.92 1.77
equal Federal Bank 26/02/2020 Certificate of Deposit A1+ 0.00 - 2.11 1.77
equal SIDBI 18/03/2020 Certificate of Deposit A1+ 0.00 - 1.87 1.67
equal Indusind Bank 19/06/2020 Certificate of Deposit A1+ 0.00 - 1.66 1.58
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 2.65 1.55
up 7.42% Power Finance Corp. 26/06/2020 Debenture AAA 0.00 - 1.51 1.51
equal 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 0.00 - 1.56 1.48
equal Indusind Bank 20/03/2020 Certificate of Deposit A1+ 0.00 - 1.62 1.44
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 1.62 1.44
equal 1.50% HDFC 18/06/2020 Debenture AAA 0.00 - 1.50 1.40
equal 9.00% Union Bank of India 2099 Bonds AA- 1.31 - 2.23 1.40
equal 8.49% HDFC 20/03/2020 Debenture AAA 0.00 - 2.18 1.38
equal Kotak Mahindra Bank 13/02/2020 Certificate of Deposit A1+ 0.00 - 1.54 1.29
equal SIDBI 14/02/2020 Commercial Paper A1+ 0.00 - 1.45 1.29
equal Axis Bank 2020 Securitised Debt A1+ 0.00 - 1.36 1.29

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 30-Nov-2019

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:

Invest Online
0.01%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 41.2288

Dividend Weekly: ₹ 10.1538

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Dividend Monthly: ₹ 10.1495

Dividend Daily: ₹ 10.1342

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
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 15,369 Cr (As on 30-Nov-2019)
Expense: 1.03% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Dec-20190.0014

 02-Dec-20190.0017
 29-Nov-20190.0028
 28-Nov-20190.0020
 27-Nov-20190.0022
 26-Nov-20190.0020
 25-Nov-20190.0009
 22-Nov-20190.0058
 21-Nov-20190.0017
 20-Nov-20190.0014
 19-Nov-20190.0027
 18-Nov-20190.0017
 15-Nov-20190.0042
 14-Nov-20190.0023
 13-Nov-20190.0021
 11-Nov-20190.0045
 08-Nov-20190.0027
 06-Nov-20190.0002
 04-Nov-20190.0001
 01-Nov-20190.0032
 31-Oct-20190.0021
 30-Oct-20190.0031
 29-Oct-20190.0045
 25-Oct-20190.0045
 24-Oct-20190.0015
Dividend Monthly25-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
 30-Jul-20180.0549
 25-Jun-20180.0477
 28-May-20180.0118
 02-May-20180.0331
 26-Mar-20180.0484
 26-Feb-20180.0230
 29-Jan-20180.0314
 26-Dec-20170.0131
 27-Nov-20170.0228
Dividend Weekly02-Dec-20190.0099

 25-Nov-20190.0133
 18-Nov-20190.0130
 11-Nov-20190.0030
 04-Nov-20190.0130
 29-Oct-20190.0101
 22-Oct-20190.0123
 14-Oct-20190.0099
 07-Oct-20190.0149
 30-Sep-20190.0115
 23-Sep-20190.0001
 16-Sep-20190.0076
 09-Sep-20190.0118
 03-Sep-20190.0120
 26-Aug-20190.0143
 19-Aug-20190.0061
 13-Aug-20190.0151
 05-Aug-20190.0186
 29-Jul-20190.0060
 22-Jul-20190.0131
 15-Jul-20190.0179
 08-Jul-20190.0207
 01-Jul-20190.0059
 24-Jun-20190.0080
 17-Jun-20190.0104

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: 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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