IDFC Credit Risk Fund

Fund Features

About the Fund: IDFC Credit Risk Fund aims to provide an optimal risk-reward profile to investors by focusing on companies with well-run management and evolving business prospects or good businesses with improving financial profile.
Category: Credit Risk

Monthly Avg AUM

: ₹ 835.31 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Monthly end AUM

: ₹ 835.80 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Inception Date: 03 March 2017

Fund Manager

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Mr. Arvind Subramanian (w.e.f. 03rd March 2017)
Other Parameter:

Standard Deviation (Annualized) Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.	3.14%
Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield	2.71 years
Average Maturity	3.58 years
Macaulay Duration	2.86 years
Yield to Maturity The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.	6.98%
Expense Ratio
Regular	1.59%
Direct	0.66%

Benchmark: 65% NIFTY AA Short Duration Bond Index + 35% NIFTY AAA Short Duration Bond Index (with effect from November 11, 2019)
SIP (Minimum Amount): ₹ 1,000/-
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 : ₹ 5,000/- and any amount thereafter
Option Available: Growth, Dividend - Quarterly, Half yearly, Annual and Periodic (Payout, Reinvestment & Sweep facility)

Exit Load

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.

1% if redeemed/switched out within 365 days from the date of allotment
NAV (₹)

Plan	Option	Freq	NAV
Regular Plan	Growth	-	12.5881
Regular Plan	Dividend	Periodic	10.4690
Regular Plan	Dividend	Annual	10.4757
Regular Plan	Dividend	Half Yearly	10.4547
Regular Plan	Dividend	Quarterly	10.3493

Portfolio

Name	Rating	% of NAV
Corporate Bond		58.20%
Indian Railway Finance Corporation	AAA	11.42%
Reliance Industries	AAA	6.87%
Afcons Infrastructure	AA-	6.16%
Tata Power Renewable Energy*	AA(CE)	6.04%
National Highways Auth of Ind	AAA	5.90%
HDFC	AAA	5.70%
IndusInd Bank@	AA	5.23%
NABARD	AAA	4.69%
Tata Steel	AA-	3.06%
LIC Housing Finance	AAA	2.52%
Tata Power Company	AA	0.61%
PTC		9.03%
First Business Receivables Trust^ (wt. avg. mat: 2.41years)	AAA(SO)	9.03%
Zero Coupon Bond		8.46%
Aditya Birla Fashion and Retail	AA	8.46%
Government Bond		2.64%
7.59% - 2026 G-Sec	SOV	2.64%
Net Cash and Cash Equivalent		21.67%
Grand Total		100.00%
*Corporate Guarantee from Tata Power ^PTC originated by Reliance Industries Limited ^@AT1 Bonds under Basel III

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 31/07/2020 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 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.