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2 star

HDFC Income Fund


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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 8.09 0.24 0.35 1.42 1.22 4.12 9.43 6.31 6.97 8.11 7.69
VR Bond 6.30 0.10 0.24 0.63 0.50 2.90 7.43 6.89 7.08 7.76 7.57
Debt: Medium to Long Duration 8.92 0.24 0.44 1.54 1.13 4.92 9.85 6.83 7.27 8.15 8.03
Rank within category 11 7 12 10 6 11 10 12 12 10 12
Number of funds in category 14 14 14 14 14 14 14 14 14 14 14

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 Income Fund  | Invest Online
2 star
Sep-00 9.43 6.31 6.97 2.24 676
ICICI Prudential Bond Fund  | Invest Now
4 star
Aug-08 12.28 8.48 8.52 1.13 4,124
SBI Magnum Income Fund  | Invest Online
5 star
Nov-98 13.45 8.82 9.06 1.47 1,519
IDFC Bond Fund Income Plan - Regular Plan
4 star
Jul-00 11.47 8.63 8.53 1.97 681
Nippon India Income Fund  | Invest Online
4 star
Jan-98 10.63 8.56 8.46 1.76 425

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.12 (11-Dec-2008 - 18-Dec-2008) -4.51 (02-Jan-2009 - 09-Jan-2009)
Month 12.93 (18-Nov-2008 - 18-Dec-2008) -6.46 (19-Jul-2013 - 19-Aug-2013)
Quarter 17.18 (06-Oct-2008 - 05-Jan-2009) -10.62 (20-May-2013 - 19-Aug-2013)
Year 19.02 (04-Dec-2000 - 04-Dec-2001) -2.32 (09-Jun-2017 - 11-Jun-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.63 3.07 0.18 0.32 1.32 -1.34
VR Bond 6.51 2.09 0.69 1.28 -- --
Debt: Medium to Long Duration 6.13 3.63 0.47 1.07 1.26 -0.75
Rank within category 12 5 12 12 7 12
Number of funds in category 14 14 14 14 14 14

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 24 26 20 19
Modified Duration (yrs) 5.35 5.76 4.44 5.68
Average Maturity (yrs) 7.57 8.15 6.31 7.53
Yield to Maturity (%) 6.63 7.64 6.63 6.19
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 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 12.34 11.29
up 5.77% GOI 2030 GOI Securities SOV 0.00 - 8.71 8.71
equal 7.57% GOI 17/06/2033 GOI Securities SOV 8.09 - 29.07 8.09
down 5.79% GOI 2030 GOI Securities SOV 0.00 - 11.94 7.28
equal 8.95% Punjab National Bank Bonds A 5.85 - 6.89 5.85
equal 6.97% GOI 2026 GOI Securities SOV 0.00 - 5.98 5.48
equal 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 6.04 5.32
equal 8.30% NTPC 15/01/2029 Debenture AAA 4.07 - 4.90 4.07
equal 7.26% GOI 14/01/2029 GOI Securities SOV 2.63 - 6.82 3.95
equal 8.50% State Bank of India 22/11/2020 Non Convertible Debenture AA+ 0.00 - 4.53 3.83
equal 8.60% Export-Import Bank 30/04/2099 Bonds AA+ 3.77 - 4.46 3.77
new 7.41% Power Finance Corp. 25/02/2030 Debenture AAA 0.00 - 3.73 3.73
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 4.28 3.50
equal 9.10% Power Finance Corp. 23/03/2029 Non Convertible Debenture AAA 3.29 - 3.90 3.29
equal 6.45% GOI 2029 GOI Securities SOV 3.02 - 4.25 3.02
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 3.59 2.98
equal 8.30% REC 25/06/2029 Non Convertible Debenture AAA 0.00 - 1.88 1.58
equal 6.79% GOI 26/12/2029 GOI Securities SOV 1.53 - 4.89 1.53
equal 1.44% GOI 2023 GOI Securities SOV 0.91 - 1.15 0.91
equal 9.00% Union Bank of India 2099 Bonds AA- 0.74 - 0.88 0.74
equal 8.20% GOI 24/09/2025 Central Government Loan SOV 0.52 - 0.63 0.52
equal 8.75% State Bank of India Bonds AA+ 0.45 - 5.72 0.45
equal 7.95% GOI 2032 GOI Securities SOV 0.39 - 0.48 0.39
equal 9.15% GOI 14/11/2024 Central Government Loan SOV 0.00 - 0.00 0.00

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:

— Shobhit Mehrotra since 01-Sep-2007

Education: He is an MBA from Clemson University, USA.

Experience: Prior to joining HDFC AMC he has worked with Templeton AMC, and ICRA.

Funds Managed:


0.24%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 46.3263

Dividend Quarterly: ₹ 11.4358

Dividend: ₹ 14.6082


Investment Strategy

The scheme seeks to generate income / capital appreciation through investments in debt 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 0.25% for redemption within 30 days

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 11-Sep-2000
Return Since Launch: 7.91%
Benchmark: NIFTY Medium to Long Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 676 Cr (As on 30-Sep-2020)
Expense: 2.24% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly25-Sep-20200.1500

 25-Jun-20200.2000
 18-Mar-20200.1500
 26-Dec-20190.1000
 25-Sep-20190.1500
 25-Jun-20190.1000
 25-Mar-20190.1000
 26-Dec-20180.1500
 25-Sep-20180.0500
 25-Jun-20180.0500
 26-Mar-20180.0500
 26-Dec-20170.0500
 25-Sep-20170.0500
 27-Jun-20170.2500
 27-Mar-20170.1000
 26-Dec-20160.2000
 26-Sep-20160.3500
 27-Jun-20160.1500
 28-Mar-20160.1000
 28-Dec-20150.1000
 28-Sep-20150.1500
 25-Jun-20150.0750
 25-Mar-20150.2000
 26-Dec-20140.3000
 25-Sep-20140.2000

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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