IDFC Credit Risk Fund
(previously known as IDFC Credit Opportunities Fund)
An open ended debt scheme predominantly investing in AA and below rated corporate bonds
31st December 2018
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IDFC Credit Risk Fund
(previously known as IDFC Credit Opportunities Fund)
An open ended debt scheme predominantly investing in AA and below rated corporate bonds
31st December 2018
FUND FEATURES
Category: Credit Risk
Monthly Avg AUM: ₹ 1,240.46 Crores
Monthly end AUM: ₹ 1,246.95 Crores
Inception Date: 03 March 2017
Fund Manager:
Mr. Arvind Subramanian (w.e.f. 03rd March 2017) and Khushboo Sharma (w.e.f. 15th May 2017)
Other Parameter:
| Standard Deviation (Annualized) | 1.74% |
| Modified Duration | 1.86 years |
| Average Maturity | 2.39 years |
| Yield to Maturity | 9.17% |
| Expense Ratio | |
| Regular | 1.65% |
| Direct | 0.56% |
SIP (Minimum Amount): ₹ 1000/-
SIP Frequency: Monthly
SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 5000/- and any amount thereafter
Option Available: Growth & Dividend (Payout, Reinvestment & Sweep facility)
Exit Load: 1% if redeemed/switched out within 365 days from the date of allotment
NAV (₹)
| Plan | Option | Freq | NAV |
| Regular Plan | Growth | - | 11.0731 |
| Regular Plan | Dividend | Periodic | 11.0731 |
| Regular Plan | Dividend | Annual | 10.4570 |
| Regular Plan | Dividend | Half Yearly | 10.3494 |
| Regular Plan | Dividend | Quarterly | 10.1610 |
PORTFOLIO
| Name | Rating | % of NAV |
| Corporate Bond | 89.66% | |
| IndusInd Bank | AA | 8.97% |
| Piramal Enterprises | AA | 5.97% |
| Tata Housing Development Company | AA | 5.90% |
| Power Finance Corporation | AAA | 5.89% |
| Reliance Industries | AAA | 5.62% |
| Axis Bank | AA+ | 5.02% |
| Tata Power Company | AA | 2.32% |
| Tata Power Company | AA- | 2.42% |
| Afcons Infrastructure | AA | 4.32% |
| IndoStar Capital Finance | AA- | 3.98% |
| REC | AAA | 3.89% |
| *Walwhan Renewable Energy | AA(SO) | 3.84% |
| Hindalco Industries | AA | 3.65% |
| IIFL Home Finance | AA | 3.55% |
| Mahindra Rural Housing Finance | AA+ | 3.18% |
| Small Industries Dev Bank of India | AAA | 2.42% |
| NABARD | AAA | 2.40% |
| Tata Motors | AA | 2.02% |
| Vedanta | AA | 1.99% |
| Vodafone Idea | AA | 1.99% |
| L&T Housing Finance | AAA | 1.97% |
| *Tata Power Renewable Energy | AA(SO) | 1.94% |
| Indiabulls Housing Finance | AAA | 1.61% |
| Sundaram BNP Paribas Home Finance | AA+ | 1.60% |
| JM Financial Credit Solution | AA | 1.59% |
| Tata Steel | AA | 1.21% |
| Indian Railway Finance Corporation | AAA | 0.40% |
| Net Cash and Cash Equivalent | 10.34% | |
| Grand Total | 100.00% | |
| *Corporate Guarantee from Tata Power | ||
Maturity Bucket
Asset Quality
Asset Allocation
PERFORMANCE TABLE
The scheme has been in existence for more than 1 year but less than 3 years.
Performance based on NAV as on 31/12/2018. Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Past performance may or may not be sustained in future.
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 Mar 3, 2017.
RISKOMETER
- To generate optimal returns over medium to long term.
- To predominantly invest in a portfolio of corporate debt securities across the credit spectrum.
*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.
