IDFC Low Duration Fund Core Bucket

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

30th June 2021

IDFC Low Duration Fund Core Bucket

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

30th June 2021

About the Fund:The Fund aims to invest in high quality debt and money market instruments with Macaulay Duration of 6 to 12 months and seeks to generate relatively stable returns with a low risk strategy.
Category: Low Duration
Monthly Avg AUM : ₹ 9,346.31 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 : ₹ 9,168.88 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: 17 January 2006
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. Anurag Mittal (w.e.f. 09th November 2015)
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.

0.58%
Modified Duration

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

216 Days
Average Maturity 233 Days
Macaulay Duration 226 Days
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.

3.89%
Expense Ratio
Regular0.52%
Direct0.30%
Benchmark: NIFTY Low Duration Debt Index (with effect from November 11, 2019)
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 installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 100/- and any amount thereafter
Option Available: Growth & IDCW@ Option- Daily (Reinvest), Weekly (Reinvest), Monthly, Quarterly & Periodic frequency (each with payout, reinvestment and 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.

Nil (Since 29th June 2012)
NAV (₹) as on June 30, 2021
Plan Option Freq NAV
Regular Plan Growth - 30.5260
Regular Plan IDCW@ Daily 10.1015
Regular Plan IDCW@ Periodic 10.1360
Regular Plan IDCW@ Weekly 10.1114
Regular Plan IDCW@ Monthly 10.1024
Regular Plan IDCW@ Quarterly 10.7811
@Income Distribution and Capital Withdrawal


NameRating% of NAV
Corporate Bond 31.06%
HDFC AAA 8.51%
LIC Housing Finance AAA 5.67%
NABARD AAA 4.89%
REC AAA 3.83%
HDB Financial Services AAA 2.30%
UltraTech Cement AAA 1.63%
Larsen & Toubro AAA 1.28%
Reliance Industries AAA 0.88%
Power Finance Corporation AAA 0.68%
Grasim Industries AAA 0.56%
Kotak Mahindra Prime AAA 0.55%
Bajaj Finance AAA 0.17%
Indian Railway Finance Corporation AAA 0.11%
Small Industries Dev Bank of India AAA 0.01%
Treasury Bill 18.83%
182 Days Tbill - 2021 SOV 13.40%
91 Days Tbill - 2021 SOV 5.42%
Commercial Paper 16.11%
Export Import Bank of India A1+ 5.81%
Kotak Mahindra Investments A1+ 3.10%
NABARD A1+ 2.45%
Reliance Industries A1+ 2.17%
Kotak Mahindra Prime A1+ 2.05%
Bajaj Finance A1+ 0.53%
Certificate of Deposit 7.77%
Axis Bank A1+ 6.44%
NABARD A1+ 0.80%
Small Industries Dev Bank of India A1+ 0.53%
Government Bond 1.75%
7.68% - 2023 G-Sec SOV 0.99%
7.16% - 2023 G-Sec SOV 0.34%
6.18% - 2024 G-Sec SOV 0.22%
7.37% - 2023 G-Sec SOV 0.11%
8.33% - 2026 G-Sec SOV 0.06%
6.84% - 2022 G-Sec SOV 0.01%
8.79% - 2021 G-Sec SOV 0.01%
State Government Bond 1.32%
8.90% TAMILNADU SDL - 2022 SOV 0.34%
8.48% Karnataka SDL - 2022 SOV 0.34%
8.38% Haryana SDL - 2026 SOV 0.18%
8.79% Gujrat SDL - 2022 SOV 0.17%
8.05% Gujarat SDL - 2025 SOV 0.06%
8.99% Gujrat SDL - 2022 SOV 0.05%
9.20% Andhra Pradesh SDL - 2022 SOV 0.03%
4.75% Haryana SDL - 2022 SOV 0.03%
8.85% Maharashtra SDL - 2022 SOV 0.02%
8.86% Tamil Nadu SDL - 2022 SOV 0.02%
8.92% Tamilnadu SDL - 2022 SOV 0.02%
9.23% Gujarat SDL - 2021 SOV 0.01%
8.92% Tamil Nadu SDL - 2022 SOV 0.01%
8.75% Tamilnadu SDL - 2022 SOV 0.01%
8.92% Tamil Nadu SDL - 2022 SOV 0.01%
9.22% Tamil Nadu SDL - 2021 SOV 0.01%
8.95% Maharashtra SDL - 2022 SOV 0.01%
8.56% Andhra Pradesh SDL - 2021 SOV 0.01%
8.59% Gujrat SDL - 2021 SOV 0.01%
8.84% Tamil Nadu SDL - 2022 SOV 0.003%
Zero Coupon Bond 1.19%
LIC Housing Finance AAA 1.14%
Sundaram Finance AAA 0.05%
Floating Rate Note 1.09%
Axis Bank A1+ 1.09%
Net Cash and Cash Equivalent 20.89%
Grand Total 100.00%

Portfolio has 1.04% exposure to Interest Rate Swaps



Performance based on NAV as on 30/06/2021 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 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.



  • 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.