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.

31st January 2023

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.

31st January 2023

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 : ₹ 559.73 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 : ₹ 555.86 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. Gautam Kaul (w.e.f. 16th July 2022)
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.

1.31%
Modified Duration

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

2.72 years
Average Maturity 5.28 years
Macaulay Duration 2.89 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.

7.78%
Total Expense Ratio
Regular1.60%
Direct0.66%
Benchmark : Tier 1: NIFTY Credit Risk Bond Index C-III (w.e.f. 1st April 2022) Tier 2: 65% NIFTY AA Short Duration Bond Index + 35% NIFTY AAA Short Duration Bond Index
SIP (Minimum Amount): ₹ 100/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: 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 : ₹ 1,000/- 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 January 31, 2023
Plan Option Freq NAV
Regular Plan Growth - 13.9678
Regular Plan IDCW@ Periodic 10.8467
Regular Plan IDCW@ Annual 10.3912
Regular Plan IDCW@ Half Yearly 10.3952
Regular Plan IDCW@ Quarterly 10.3416
@Income Distribution and Capital Withdrawal
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.


NameRating% of NAV
Corporate Bond 63.57%
Godrej Industries AA 11.59%
Tata Power Company AA 10.86%
Century Textiles & Industries AA 9.83%
Tata Motors AA- 9.05%
Summit Digitel Infrastructure AAA 8.69%
Punjab National Bank@ AA 5.48%
Union Bank of India@ AA 5.44%
Aditya Birla Fashion and Retail AA 2.62%
Government Bond 26.23%
7.38% - 2027 G-Sec SOV 26.23%
PTC 7.41%
First Business Receivables Trust^ AAA(SO) 7.41%
Net Cash and Cash Equivalent 2.78%
Grand Total 100.00%
*First Business Receivables Trust- wt. avg. mat: 1.08 years (PTC originated by Reliance Industries Limited)
@ AT1 Bonds under Basel III







The scheme has been in existence for more than 1 year but less than 5 years.
Performance based on NAV as on 31/01/2023 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 Moderately High 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

Tier 1: NIFTY Credit Risk Bond Index C-III

Benchmark risk-o-meter

Tier 2: 65% NIFTY AA Short Duration Bond Index + 35% NIFTY AAA Short Duration Bond Index



Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
Mr. Arvind Subramanian managed this scheme up to 15th July, 2022.