Fund Analysis

The promise of purity

With an unrelenting focus on quality combined with robust credit practices, the fund promises a high-grade portfolio at all times

With an unrelenting focus on quality combined with robust credit practices, the fund promises a high-grade portfolio at all times

Highlight The key tenets of the funds include - style purity, a high-quality portfolio, and the resolve to stick to it. If you are looking to invest for one to three years, this fund makes for a good choice. It is also a good fit for the fixed-income allocation in your longer-term portfolio. Why do we like it One of the oldest and most reliable among its peers, the fund always maintains a high-grade bond portfolio. There are three reasons for us to like this fund and, more broadly, the debt franchise at IDFC: The AMC's well-defined investment mandates across debt products. Its sharp focus on quality and the discipline to stick to it. The strong credit-appraisal practices at the fund house. These tenets help build a lot of conviction in the debt fund management of IDFC under the reins of Suyash Choudhary, Head of Fixed Income. As a fund house, IDFC has steered clear of all defaults and downgrades since the IL&FS episode. It hasn't faced any write-offs, even in its credit-risk fund or FMPs, where some of its peers were decimated. Now the eighth-largest debt asset manager in the country, over the last three years, IDFC's debt assets have increased by 28 per cent to about Rs 90,000 crore. An apt choice for your core fixed income allocation, this fund comes at a lower expense than many of its peers

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