IDFC Credit Risk Fund Satellite Bucket

An open ended debt scheme predominantly investing in AA and below rated corporate bonds. A Scheme with Relatively High Interest Rate Risk and Moderate Credit Risk.

30th November 2021

IDFC Credit Risk Fund Satellite Bucket

An open ended debt scheme predominantly investing in AA and below rated corporate bonds. A Scheme with Relatively High Interest Rate Risk and Moderate Credit Risk.

30th November 2021

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 : ₹ 851.18 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 : ₹ 855.06 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.

1.35%
Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

2.29 years
Average Maturity 3.08 years
Macaulay Duration 2.43 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.

5.33%
Total Expense Ratio
Regular1.60%
Direct0.66%
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, IDCW@ - 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 (₹) as on November 30, 2021
Plan Option Freq NAV
Regular Plan Growth - 13.4905
Regular Plan IDCW@ Periodic 10.4760
Regular Plan IDCW@ Annual 10.4825
Regular Plan IDCW@ Half Yearly 10.2321
Regular Plan IDCW@ Quarterly 10.3362
@Income Distribution and Capital Withdrawal


NameRating% of NAV
Corporate Bond 51.23%
Tata Power Renewable Energy* AA(CE) 5.94%
Reliance Industries AAA 5.90%
Bharti Hexacom AA+ 5.85%
Summit Digitel Infrastructure Private AAA 5.77%
National Highways Auth of Ind AAA 5.67%
Tata Steel AA+ 5.34%
Hindalco Industries AA+ 4.80%
IndusInd Bank@ AA 4.18%
Bank of Baroda@ AA+ 2.92%
Indian Bank@ AA+ 2.34%
Indian Railway Finance Corporation AAA 1.27%
HDFC AAA 0.63%
Tata Power Company AA 0.61%
Government Bond 13.38%
7.17% - 2028 G-Sec SOV12.21%
5.22% - 2025 G-Sec SOV1.17%
PTC 7.33%
First Business Receivables Trust^ AAA(SO) 7.33%
Net Cash and Cash Equivalent 28.06%
Grand Total 100.00%
*Corporate Guarantee from Tata Power
^First Business Receivables Trust- wt. avg. mat: 1.64 years (PTC originated by Reliance Industries Limited)
@ AT1 Bonds under Basel III







The scheme has been in existence for more than 3 year but less than 5 years.
Performance based on NAV as on 30/11/2021 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.



Scheme risk-o-meter

Investors understand that their principal will be at Moderate risk

This product is suitable for investors who are seeking*

  • 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.

Benchmark risk-o-meter

65% NIFTY AA Short Duration Bond Index + 35% NIFTY AAA Short Duration Bond Index




^^W.e.f. December 1, 2021, the benchmark of the scheme will change to Crisil Short Term Credit Risk Index
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.