16 Years. The fund has an Extended history for analysis and the track record is excellent.
6,487 Cr. Large within the category
Impact of Interest Rate Changes
Low Interest Rate Risk. The impact on fund value is quite low when interest rates change
Credit Quality Of Fund's Portfolio
Moderate Credit Risk. The fund has a moderate credit quality compared to other debt funds
Want the ultra short term debt funds that are right for your short term investment needs?
NAV (May 19)
6 Month CAGR
The Scheme 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.
Launched (16y ago)
Jan 17, 2006
AUM in Crores
NIFTY Low Duration Debt Index TR INR
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
5.63% govt stock 202612.1%
hdfc bank limited7.6%
reliance industries limited4%
|Fund Name||Scripbox Opinion||Fund Size||Track Record|
₹ 39,901 cr
₹ 16,108 cr
₹ 13,070 cr
₹ 15,495 cr
₹ 39,901 cr
IDFC Asset Management Company Limited
IDFC Asset Management Company Limited manages assets worth 123,112 crores and was set up on 20 December 1999. It's current offering of mutual fund schemes includes 33 equity,199 debt and 32 hybrid funds.
|Fund Name||Scripbox Opinion||Till Date CAGR|
IDFC Low Duration Fund-Growth is an open-ended low-duration debt mutual fund scheme provided by IDFC Mutual Fund. It predominantly invests in high quality debt and money market instruments. The scheme aims to generate a relatively stable return on investment at par with inflation with a lower risk strategy. Earlier, the fund was known as IDFC US/T Reg Gr. It aims to outperform the benchmark with risk lower than the benchmark. The fund is managed by IDFC Asset Management Company Limited. Mr. Anurag Mittal manages the fund managers.
The investment objective of the Scheme is to generate relatively stable returns with a low risk strategy. The Scheme 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. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved. The fund invests around 88% of its assets in debt instruments. Within this debt investment, its investment in government securities is 10.50% while it invests the remaining 77.50% in very low-risk securities.
On 17th January 2006, IDFC Mutual Fund had launched the scheme. The scheme has been in existence for the past 15 years. Since inception, it continues to provide consistent growth of investment at par with inflation over the investment duration.
NAV and Returns – As of 23rd June 2021, the NAV of the fund is Rs 30.52. The fund’s risk-o-meter is low to moderate risk. Hence, the investor investing in the fund must recognize that their principal investment is at a low to moderate risk. Since its inception, the fund has delivered a return of 7.50% on investment.
Minimum Investment – The fund has a minimum SIP investment requirement of Rs 1000 and a minimum lump sum investment of Rs 5000
Expense Ratio and Exit Load – The funds charges an expense ratio of 0.51%. Here, the expense ratio is close to the expense ratio charged by other AMCs for funds under the similar category. No exit load is charged on the redemption of the units of the fund.
Fund Manager – Currently, Mr. Anurag Mittal is managing the fund. Mr. Anurag Mittalis Associate Director – Fund Management at IDFC Asset Management Company Limited. He has been co-managing the fund since 9th November 2015. Mr. Mittal has experience of over 10 years in fund management and research.
Other Details – No lock-in period for the scheme, you can redeem any amount of investment anytime. The AUM of IDFC Low Duration Fund as of 23rd June 2021 is Rs 9,575 cr. The fund benchmarks to NIFTY Low Duration Debt Index TR INR.
|1 Year Return||4.60 %|
|3 Years Return||7.10 %|
|5 Years Return||7.10 %|
|10 Years Return||8.30 %|
The IDFC Low Duration Fund-Growth has invested its assets majorly in the debt instruments of the following companies:
|Company||Percentage of Holding (As of 23rd June 2021)|
|8.79% Govt Securities 2021||4.60%|
|Indian Oil Corporation Limited||4.20%|
|Export-Import Bank of India||3.60%|
|Axis Bank Limited||2.90%|
|National Bank for Agriculture and Rural Development||2.80%|
The IDFC Low Duration Fund-Growth has invested in the following debt instruments:
|Sector||Percentage of Holding (As of 23rd June 2021)|
|Certificate of Deposit||13.79%|
|State Government Bond||1.27%|
|Zero Coupon Bond||1.14%|
|Floating Rate Note||1.05%|
IDFC Low Duration Fund-Growth is recommended by Scripbox for investment within low duration mutual funds. Low duration funds provide relative safety of capital amount invested. It also provides growth of principal at par with inflation over the investment duration.
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