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HDFC Low Duration Fund

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Debt: Low Duration

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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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 6.80 0.01 0.10 0.79 1.66 4.61 8.02 7.37 7.49 7.71 7.93
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 4.76
Debt: Low Duration 5.46 0.01 0.12 0.62 1.30 4.65 6.30 5.09 6.11 6.72 7.44
Rank within category 4 9 19 1 2 5 4 9 9 10 11
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 23-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 8.02 7.37 7.49 1.04 16,796
ICICI Prudential Savings Fund  | Invest Now
5 star
 Sep-02 8.49 7.99 8.13 0.55 19,922
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
 May-98 7.91 7.63 7.65 1.22 13,927
SBI Magnum Low Duration Fund  | Invest Online
5 star
 Jul-07 7.16 7.55 7.59 1.10 9,746
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
 Mar-08 8.43 7.88 8.07 1.12 8,418

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 167 181 131 53
Modified Duration (yrs) 0.85 0.93 0.78 0.79
Average Maturity (yrs) 1.24 1.31 0.97 0.90
Yield to Maturity (%) 5.36 7.56 5.32 4.79
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 - 4.12 4.12
equal 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 0.00 - 3.21 3.21
new IRFC 80-D 09/10/2020 Commercial Paper A1+ 0.00 - 3.12 3.12
equal Tata Teleservices 364-D 01/03/2021 Commercial Paper A1+ 0.00 - 3.98 2.90
equal Export-Import Bank 19/05/2023 Certificate of Deposit AAA 0.00 - 2.61 2.61
equal 7.28% Power Finance Corp. 2022 Bonds AAA 0.00 - 2.01 2.01
up 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 1.92 1.92
equal 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 1.25 - 1.92 1.52
down 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 2.96 1.52
equal Tata Motors 240-D 30/12/2020 Commercial Paper A1+ 0.00 - 1.91 1.47
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 1.62 1.47
equal National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 1.47 1.47
equal 9.00% Union Bank of India 2099 Bonds AA- 1.16 - 1.91 1.41
equal Tata Motors 302-D 26/02/2021 Commercial Paper A1+ 0.00 - 1.80 1.40
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 1.89 1.38
equal 8.10% L&T Infrastructre Finance 17/02/2022 Non Convertible Debenture AAA 0.00 - 1.88 1.36
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 0.00 - 1.81 1.32
equal Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 1.44 1.31
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 1.26 1.26
equal National Bank Agr. Rur. Devp 14/01/2021 Commercial Paper A1+ 0.00 - 1.64 1.18
down 8.50% L&T Infrastructre Finance 17/03/2023 Non Convertible Debenture AAA 0.00 - 1.24 1.13
equal 8.50% Bank of Baroda Bonds AA 0.92 - 1.53 1.11
equal 7.47% Power Finance Corp. 16/09/2021 Bonds AAA 0.00 - 1.10 1.10
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 1.10 1.10
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 1.23 1.09

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-Sep-2020

Fund Manager

— Anand Laddha since 21-Oct-2020

Education: Mr. Laddha has done B.Com. and CA

Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with Refco-Sify Securities India Pvt. Ltd. Last Position Held - AVP - FII Equity & Derivative Sales. Alchemy Share & Stock Brokers Pvt. Ltd. Last Position Held - Equity & Derivative Sales.

Funds Managed:

— 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 23-Oct-2020

Growth: ₹ 44.1888

Dividend Weekly: ₹ 10.1314

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Dividend Monthly: ₹ 10.2139

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: 7.35%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 16,796 Cr (As on 30-Sep-2020)
Expense: 1.04% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Oct-20200.0011

 19-Oct-20200.0053
 16-Oct-20200.0035
 15-Oct-20200.0012
 14-Oct-20200.0050
 13-Oct-20200.0041
 12-Oct-20200.0043
 09-Oct-20200.0049
 08-Oct-20200.0121
 07-Oct-20200.0042
 06-Oct-20200.0033
 05-Oct-20200.0055
 01-Oct-20200.0075
 30-Sep-20200.0036
 29-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
Dividend Weekly19-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
 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
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

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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