IDFC Low Duration Fund

Fund Features

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

: ₹ 9,278.52 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

: ₹ 8,617.05 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. Harshal Joshi (w.e.f. 28th July 2021) &
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.	0.53%
Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield	236 Days
Average Maturity	261 Days
Macaulay Duration	245 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.	3.93%
Expense Ratio
Regular	0.52%
Direct	0.30%

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 September 30, 2021

Plan	Option	Freq	NAV
Regular Plan	Growth	-	30.8232
Regular Plan	IDCW^@	Daily	10.1010
Regular Plan	IDCW^@	Periodic	10.2347
Regular Plan	IDCW^@	Weekly	10.1100
Regular Plan	IDCW^@	Monthly	10.1023
Regular Plan	IDCW^@	Quarterly	10.7830

^@Income Distribution and Capital Withdrawal

Portfolio

Name	Rating	% of NAV
Corporate Bond		39.13%
HDFC	AAA	10.12%
NABARD	AAA	8.01%
LIC Housing Finance	AAA	6.02%
Reliance Industries	AAA	4.26%
REC	AAA	2.90%
HDB Financial Services	AAA	2.43%
Larsen & Toubro	AAA	1.97%
UltraTech Cement	AAA	1.73%
Grasim Industries	AAA	0.59%
Indian Railway Finance Corporation	AAA	0.53%
Power Finance Corporation	AAA	0.36%
Bajaj Finance	AAA	0.18%
Small Industries Dev Bank of India	AAA	0.01%
Treasury Bill		17.86%
182 Days Tbill - 2021	SOV	14.40%
91 Days Tbill - 2021	SOV	3.45%
Commercial Paper		16.12%
Kotak Mahindra Investments	A1+	4.70%
Reliance Jio Infocomm	A1+	3.47%
Export Import Bank of India	A1+	3.05%
Reliance Industries	A1+	2.89%
Kotak Mahindra Prime	A1+	1.33%
Bajaj Finance	A1+	0.57%
LIC Housing Finance	A1+	0.11%
Government Bond		3.56%
5.63% - 2026 G-Sec	SOV	3.48%
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		1.39%
8.90% TAMILNADU SDL - 2022	SOV	0.36%
8.48% Karnataka SDL - 2022	SOV	0.36%
8.38% Haryana SDL - 2026	SOV	0.19%
8.79% Gujrat SDL - 2022	SOV	0.18%
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%
8.95% Maharashtra SDL - 2022	SOV	0.01%
9.22% Tamil Nadu SDL - 2021	SOV	0.01%
8.84% Tamil Nadu SDL - 2022	SOV	0.003%
Zero Coupon Bond		1.28%
LIC Housing Finance	AAA	1.22%
Sundaram Finance	AAA	0.06%
Floating Rate Note		1.16%
Axis Bank	A1+	1.16%
Certificate of Deposit		0.97%
Axis Bank	A1+	0.97%
Net Cash and Cash Equivalent		18.53%
Grand Total		100.00%
Portfolio has 1.10% exposure to Interest Rate Swaps

Asset Allocation

Asset Quality

Performance Table

Performance based on NAV as on 30/09/2021 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.

Riskometer

Scheme risk-o-meter

Investors understand that their principal will be at Low to Moderate risk

This product is suitable for investors who are seeking*

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.

Benchmark risk-o-meter

NIFTY Low Duration Debt Index

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