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 December 2018

IDFC Low Duration Fund

FUND FEATURES click to expand contents

About the Fund: The Fund aims to invest in high quality debt and money market instruments and seeks to generate returns predominantly through accrual income.
Category: Low Duration
Monthly Avg AUM: ₹ 3,168.71 Crores
Monthly end AUM: ₹ 3,203.62 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	218 Days
Average Maturity	272 Days
Yield to Maturity	7.87%
Expense Ratio
Regular	0.53%
Direct	0.26%

Benchmark: CRISIL Liquid Fund Index
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	-	25.9126
Regular Plan	Dividend	Daily	10.0712
Regular Plan	Dividend	Periodic	13.9917
Regular Plan	Dividend	Weekly	10.1010
Regular Plan	Dividend	Monthly	10.1098
Regular Plan	Dividend	Quarterly	10.7185

PORTFOLIO click to expand contents

Name	Rating	% of NAV
Corporate Bond		58.63%
Power Finance Corporation	AAA	10.64%
NABARD	AAA	9.74%
Indiabulls Housing Finance	AAA	5.45%
HDFC	AAA	5.31%
M&M Financial Services	AAA	4.37%
Gruh Finance	AAA	3.90%
Tata Housing Development Company	AA	3.21%
Small Industries Dev Bank of India	AAA	3.12%
Kotak Mahindra Prime	AAA	3.12%
LIC Housing Finance	AAA	2.33%
JM Financial Credit Solution	AA	2.00%
Cholamandalam Invt and Fin Co	AA+	1.40%
Reliance Industries	AAA	1.09%
NTPC	AAA	1.09%
Indian Railway Finance Corporation	AAA	0.94%
REC	AAA	0.72%
HDB Financial Services	AAA	0.16%
Kotak Mahindra Investments	AAA	0.03%
Certificate of Deposit		22.00%
Axis Bank	A1+	9.43%
Small Industries Dev Bank of India	A1+	4.09%
Kotak Mahindra Bank	A1+	3.02%
HDFC Bank	A1+	1.54%

Name	Rating	% of NAV
Export Import Bank of India	A1+	1.54%
NABARD	A1+	1.51%
IndusInd Bank	A1+	0.77%
Yes Bank	A1+	0.09%
Commercial Paper		9.80%
HDFC	A1+	2.94%
Shapoorji Pallonji and Company Pvt	A1	2.94%
Indiabulls Housing Finance	A1+	2.25%
Kotak Mahindra Investments	A1+	1.48%
Reliance Industries	A1+	0.19%
Zero Coupon Bond		2.81%
LIC Housing Finance	AAA	1.04%
M&M Financial Services	AAA	0.81%
Kotak Mahindra Prime	AAA	0.77%
Bharti Telecom	AA+	0.20%
Government Bond		0.46%
7.17% - 2028 G-Sec	SOV	0.46%
State Government Bond		0.04%
7.55% Maharastra SDL - 2021	SOV	0.04%
Net Cash and Cash Equivalent		6.26%
Grand Total		100.00%

PERFORMANCE TABLE click to expand contents

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.
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 click to expand contents

Asset Quality click to expand contents

RISKOMETER click to expand contents

Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.