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2 star

HDFC Income Fund


Debt: Medium to Long Duration

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Medium to Long Duration debt funds invest in bonds maturing in 4 to 7 years' time. They aim to earn slightly better returns than inflation and 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 do not guarantee returns or safety of capital.

We believe that Aggressive Hybrid funds or Large Cap Equity funds, which invest predominantly in shares, are more suitable alternatives for an investment horizon of 5 years or more because of their ability to earn much higher returns. They witness more severe ups and downs than Medium to Long Duration funds but the possibility of incurring a loss is substantially reduced if you invest for 5 years and above.

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 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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(₹)
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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 6.64 0.30 0.79 1.87 5.30 6.64 9.61 5.81 7.44 7.32 7.63
VR Bond 5.50 0.13 0.38 0.85 3.33 5.33 7.35 7.06 7.54 7.60 7.61
Debt: Medium to Long Duration 7.65 0.27 1.00 2.30 6.74 7.59 10.12 6.63 7.79 7.64 7.96
Rank within category 12 3 12 12 13 12 11 12 12 11 12
Number of funds in category 14 14 14 14 14 14 14 14 14 14 14

As on 10-Jul-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 9.61 5.81 7.44 2.26 568
ICICI Prudential Bond Fund  | Invest Now
4 star
Aug-08 13.25 8.41 8.98 1.08 3,537
SBI Magnum Income Fund  | Invest Online
5 star
Nov-98 13.21 8.41 9.40 1.47 1,342
IDFC Bond Fund Income Plan - Regular Plan
4 star
Jul-00 12.12 8.38 9.17 1.92 675
Nippon India Income Fund  | Invest Online
4 star
Jan-98 11.65 8.46 9.13 1.75 438

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 5.42 2.97 0.04 0.07 1.36 -1.83
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Medium to Long Duration 6.14 3.47 0.42 1.07 1.26 -0.96
Rank within category 12 6 12 12 8 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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 24 24 20 19
Modified Duration (yrs) 4.75 5.24 3.93 5.14
Average Maturity (yrs) 6.73 7.87 5.51 6.57
Yield to Maturity (%) 7.22 7.76 7.00 6.02

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 29.07 11.67
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 9.22 9.22
equal Tata Power 2021 Bonds/NCDs AA- 8.90 - 9.72 8.95
equal 8.95% Punjab National Bank Bonds A 6.40 - 6.89 6.89
down 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 11.17 6.50
up 6.97% GOI 2026 GOI Securities SOV 0.00 - 5.66 5.66
equal 8.45% IRFC 2028 Debenture AAA 4.33 - 4.91 4.91
equal 8.30% NTPC 15/01/2029 Debenture AAA 4.31 - 4.90 4.90
down 7.26% GOI 14/01/2029 GOI Securities SOV 2.63 - 14.60 4.74
equal 8.50% State Bank of India 22/11/2020 Non Convertible Debenture AA+ 0.00 - 4.53 4.53
equal 8.60% Export-Import Bank 30/04/2099 Bonds AA+ 4.11 - 4.46 4.45
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 4.28 3.90
equal 9.10% Power Finance Corp. 23/03/2029 Non Convertible Debenture AAA 3.39 - 3.90 3.90
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 4.25 3.63
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 3.59 3.59
equal 8.30% REC 25/06/2029 Non Convertible Debenture AAA 0.00 - 1.88 1.88
down 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 7.43 1.84
equal 1.44% GOI 2023 GOI Securities SOV 1.00 - 1.15 1.14
equal 7.17% GOI 2028 GOI Securities SOV 0.84 - 5.96 0.94
equal 9.00% Union Bank of India 2099 Bonds AA- 0.81 - 0.88 0.87
equal 8.20% GOI 24/09/2025 Central Government Loan SOV 0.56 - 0.63 0.63
equal 8.75% State Bank of India Bonds AA+ 0.51 - 5.72 0.54
equal 7.95% GOI 2032 GOI Securities SOV 0.42 - 0.48 0.47
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-Jun-2020

Fund Manager

— 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:


0.30%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 45.7021

Dividend Quarterly: ₹ 11.4319

Dividend: ₹ 14.4114


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: 7.96%
Benchmark: NIFTY Medium to Long Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 568 Cr (As on 30-Jun-2020)
Expense: 2.26% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly25-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
 25-Jun-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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