(The fund has been repositioned to Medium to Long Term category w.e.f.
July 12, 2018)
(previously known as IDFC Super Saver Income Fund – Investment Plan)
An open ended medium term debt scheme investing in instruments such that
the Macaulay duration of the portfolio is between 4 years and 7 years.
(The fund has been repositioned to Medium to Long Term category w.e.f.
July 12, 2018)
(previously known as IDFC Super Saver Income Fund – Investment Plan)
An open ended medium term debt scheme investing in instruments such that
the Macaulay duration of the portfolio is between 4 years and 7 years.
An actively managed bond fund (with Macaulay duration between 4 to 7 years) which seeks to invest in highly rated money market and debt instruments (including government securities) and aims to generate stable long term returns through mix of accrual income and capital appreciation.
The government has been prudent so far in rationing its stimulus response,
focusing first on sustenance and keeping a growth stimulus for later.
Despite the government’s prudence so far, however, the load on the fiscal is
heavy. A necessary condition for financing this is a well-functioning bond
market. The measures announced in August should now restore normal
functioning and allow the substantial borrowing requirement to start going
through without undoing the transmission channel.
Having said that, it is also true that more than 50% of an INR 20 lakh crore
plus (center and states combined) borrowing program is still ahead of us.
One shouldn’t expect a very large sustainable rally in bonds basis just the
current set of triggers, although one should reasonably expect most of the
recent aggressive sell-off to get unwound. However re-instatement of
orderly functioning now allows participants to start deploying risk capital
with more confidence to take advantage of what are quite attractive
valuations given the underlying backdrop of an unprecedented growth
drawdown and a collapse in credit growth.
The external account is our one significant macro strength today and
provides adequate cushion to RBI to persist with a dovish policy for the
time-being. For all these reasons, our view remains that the important
current pillars of policy will sustain for the foreseeable future. The spike in
inflation presents an interpretation problem for now and it remains our base
case that it will not shift the narrative away from growth for monetary
policy, despite throwing up higher average CPI prints for the year. In our
opinion, focus has to be on best quality AAA and sovereign / quasi
sovereign. There is no macro logic whatsoever for pursuing high yield
strategies.
Category: Medium to Long Duration
Monthly Avg AUM: Rs691.69 Crores
Inception Date: 14th July 2000
Fund Manager:
Mr. Suyash
Choudhary (w.e.f. 15/10/2010)
Standard Deviation (Annualized): 4.02%
Modified duration 5.50 years
Average Maturity: 7.14 years
Macaulay Duration: 5.84 years
Yield to Maturity: 6.25%
Benchmark: CRISIL Composite Bond
Fund Index
Minimum Investment Amount: Rs5,000/- and any amount thereafter
Exit Load: If redeemed/switched out
within 365 days from the date of
allotment:
For 10% of investment: Nil
For remaining investment: 1%
If redeemed/switched out after 365
days from the date of allotment: Nil
Options Available : Growth, Dividend -
Quarterly, Half Yearly, Annual & Periodic
(each with payout, reinvestment and sweep
facility)
Maturity Bucket:
PORTFOLIO | (31 August 2020) |
Name | Rating | Total (%) |
Government Bond | 99.06% | |
6.79% - 2027 G-Sec | SOV | 50.48% |
7.17% - 2028 G-Sec | SOV | 31.87% |
7.26% - 2029 G-Sec | SOV | 16.65% |
7.73% - 2034 G-Sec | SOV | 0.06% |
Corporate Bond | 0.83% | |
REC | AAA | 0.83% |
Net Cash and Cash Equivalent | 0.10% | |
Grand Total | 100.00% |
This product is suitable for investors who are seeking*:
• To generate optimal returns over long term
• Investments in Debt & Money Market securities such that the
Macaulay duration of the portfolio is between 4 years and 7 years
*Investors should consult their financial advisors if in doubt about
whether the product is suitable for them.
Contact your Financial Advisor |
Call toll free 1800-2-6666-88 |
Contact your Financial Advisor | Call toll free 1800-2-6666-88 |
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@IDFCMF |