IDFC Low Duration Fund Summary
Launched on 17th January 2006, is the open ended scheme that seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months.
Portfolio Diversification (as on 30th June, 2020)
|Net Cash and Cash Equivalent||6.61%|
|Security Type||% Weight|
|Certificate of Deposit||12.85%|
|Zero Coupon Bond||2.99%|
|State Government Bond||1.95%|
Top 10 Holdings (as on 30th June, 2020)
|National Bank for Agriculture and Rural development||4.88%|
|LIC Housing Finance||4.22%|
|Larsen & Toubro Limited||3.77%|
|Reliance Industries Limited||2.49%|
|Power Finance Corporation Limited||2.39%|
|HDB Financial Services||0.36%|
IDFC Low Duration Mutual Fund Performance
Performance (as on 30th June, 2020)
|Period||Fund Return||Benchmark Return|
- The Scheme proposes to invest in a diversified set of fixed income securities and money market instruments with the aim of generating returns commensurate with a low risk strategy.
- The aim of the Investment Manager will be to allocate the assets of the Scheme amongst various fixed income instruments (debt / money market) across maturities and ratings with the objective of optimizing returns.
- The actual percentage of investment in various fixed income instruments from time to time will be decided based on the prevailing macro-economic environment (including interest rates and inflation), market conditions, general liquidity, and fund manager views.
The IDFC Low Duration Mutual Fund has been managed by Mr. Anurag Mittal since November 9, 2015. He has done B.Com. (Hons), CA and M.Sc. in Accounting and Finance from London School of Economics & Political Science. Prior to joining IDFC AMC, he worked with HDFC AMC (Sept. 2012 – Oct. 2015), Axis AMC (July 2009 – Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).
Important Measures (As on 30th June, 2020)
|Yield to Maturity||4.12%|
|Modified Duration||338 Days|
|Average Maturity||368 Days|
Benchmark Index: NIFTY Low Duration Debt TRI
Net AUM: ₹ 4,575.41 crores
Expense Ratio: Regular plan- 0.50% Direct plan- 0.28%
Entry Load: N/A
Exit Load: N/A
NAV (in Rs) *As per fund fact sheet 30th June, 2020
Investment Risk: Moderately low
Minimum investment Amount: ₹ 100
Minimum SIP Amount: ₹ 100
Scheme suitable only if you are an investor-
- Who seeks to generate short term optimal returns with relative stability and high liquidity.
- Whose investment preference is in debt and money market instruments such that the Macaulay duration of the portfolio is between 6-12 months.
Investors seeking to invest up to 15 months can invest in IDFC Low Duration Fund. This fund invests in the debt market, which consists of very low risk securities and government securities. This fund has outperformed its category average since inception and is a great alternative to a bank fixed deposit.
Established in 2000,promoted by IDFC Ltd, a widely held publicly listed company originally set up by the Government of India as India’s premier infrastructure finance company. IDFC AMC is today one of India’s Top 10 asset managers by AUM, with a seasoned investment team and deep, on-the-ground presence across over 46 cities, and serving clients across over 280 towns in India
Address: IDFC AMC Ltd, One IndiaBulls Centre, 6th floor, Jupiter Mills Compound,841, Senapati Bapat Marg.Elphinstone Road, Mumbai: 400 013
Email ID: email@example.com
Phone No: 1-800-2666688/1-800-30066688
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