IDFC Low Duration Fund 
(previously known as IDFC Ultra Short Term Fund)
An open ended low duration debt scheme investing in instruments such that the Macaulay
duration of the portfolio is between 6 months and 12 months
31st January 2019
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IDFC Low Duration Fund
(previously known as IDFC Ultra Short Term Fund)
An open ended low duration debt scheme investing in instruments such that the Macaulay
duration of the portfolio is between 6 months and 12 months
31st January 2019
FUND FEATURES
Category: Low Duration
Monthly Avg AUM: ₹ 3,252.63 Crores
Monthly end AUM: ₹ 3,283.36 Crores
Inception Date: 17 January 2006
Fund Manager:
Mr. Anurag Mittal (w.e.f. 09th November 2015)
Other Parameter:
| Standard Deviation (Annualized) | 0.77% |
| Modified Duration | 172 Days |
| Average Maturity | 193 Days |
| Yield to Maturity | 7.66% |
| Expense Ratio | |
| Regular | 0.36% |
| Direct | 0.26% |
SIP (Minimum Amount): ₹ 100/-
SIP Frequency: Monthly
SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 100/- and any amount thereafter
Option Available: Growth, Dividend - Daily, Weekly, Monthly, Quarterly & Periodic
Exit Load: Nil (Since 29th June 2012)
NAV (₹)
| Plan | Option | Freq | NAV |
| Regular Plan | Growth | - | 26.0875 |
| Regular Plan | Dividend | Daily | 10.0712 |
| Regular Plan | Dividend | Periodic | 14.0862 |
| Regular Plan | Dividend | Weekly | 10.1068 |
| Regular Plan | Dividend | Monthly | 10.1046 |
| Regular Plan | Dividend | Quarterly | 10.7909 |
PORTFOLIO
| Name | Rating | % of NAV |
| Corporate Bond | 47.93% | |
| Power Finance Corporation | AAA | 10.06% |
| NABARD | AAA | 7.83% |
| Indiabulls Housing Finance | AAA | 5.33% |
| HDFC | AAA | 5.18% |
| Tata Housing Development Company | AA | 3.15% |
| M&M Financial Services | AAA | 2.75% |
| Gruh Finance | AAA | 2.28% |
| LIC Housing Finance | AAA | 2.28% |
| JM Financial Credit Solution | AA | 1.96% |
| Small Industries Dev Bank of India | AAA | 1.53% |
| Cholamandalam Invt and Fin Co | AA+ | 1.37% |
| NTPC | AAA | 1.07% |
| Indian Railway Finance Corporation | AAA | 0.76% |
| Kotak Mahindra Prime | AAA | 0.76% |
| Reliance Industries | AAA | 0.75% |
| REC | AAA | 0.70% |
| HDB Financial Services | AAA | 0.15% |
| Kotak Mahindra Investments | AAA | 0.02% |
| Certificate of Deposit | 26.52% | |
| Axis Bank | A1+ | 7.49% |
| ICICI Bank | A1+ | 4.98% |
| Kotak Mahindra Bank | A1+ | 4.67% |
| Small Industries Dev Bank of India | A1+ | 4.02% |
| Name | Rating | % of NAV |
| HDFC Bank | A1+ | 1.51% |
| Export Import Bank of India | A1+ | 1.51% |
| NABARD | A1+ | 1.48% |
| IndusInd Bank | A1+ | 0.76% |
| Yes Bank | A1+ | 0.09% |
| Commercial Paper | 14.11% | |
| REC | A1+ | 5.24% |
| Shapoorji Pallonji and Company Pvt | A1+ | 2.89% |
| Indiabulls Housing Finance | A1+ | 2.22% |
| NABARD | A1+ | 1.52% |
| Kotak Mahindra Investments | A1+ | 1.46% |
| HDFC | A1+ | 0.61% |
| Reliance Industries | A1+ | 0.18% |
| Zero Coupon Bond | 3.39% | |
| Kotak Mahindra Investments | AAA | 1.39% |
| LIC Housing Finance | AAA | 1.01% |
| M&M Financial Services | AAA | 0.79% |
| Bharti Telecom | AA+ | 0.20% |
| State Government Bond | 0.04% | |
| 7.55% Maharastra SDL - 2021 | SOV | 0.04% |
| Net Cash and Cash Equivalent | 8.01% | |
| Grand Total | 100.00% |
PERFORMANCE TABLE
Performance based on NAV as on 31/01/2019. Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data
*Inception Date of Regular Plan - Growth Jan 17, 2006.
^The fund has been repositioned from an ultra short term fund to a low duration fund w.e.f. may 28, 2018.
Asset Allocation
Asset Quality
RISKOMETER
- To generate short term optimal returns with relative stability and high liquidity.
- Investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 6 months- 12 months.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
