- The fund has an average maturity of 285 days and a Macaulay duration of 272 days.
- It invests in debt and money market instruments with maturities between 6-12 months.
- The entire portfolio is invested in AAA rated instruments.
1. • Modified Duration1
: 260 days
• Average Maturity2
: 285 days
• Macaulay Duration3
: 272 days
• Yield to maturity4
: 4.03%
Fund Features
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
IDFC LOW DURATION FUND
The scheme aims to invest in debt and money market instruments such that the macaulay
duration of the portfolio is between 6 to 12 months
Good quality papers with a maximum exposure in AAA equivalent currently*.
Recommended investment horizon: 6 months +
Suitable for investors who are conservative and seek optimal returns with relative stability
Asset Quality
AAA Equivalent
100.00%
1
Modified duration is a formula that expresses the measurable
change in the value of a security in response to a change in
interest rates. Modified duration follows the concept that
interest rates and bond prices move in opposite directions.
2
Average Maturity is the weighted average of all the residual
maturities of the debt securities held in the fund. Average
maturity helps to determine the average time to maturity of all
the debt securities held in a portfolio and is calculated in days,
months or years.
3
The Macaulay duration is the weighted average term to
maturity of the cash flows from bonds. In other words, it is the
weighted average number of years an investor must maintain
a position in the bond until the present value of the bond's
cash flows equals the amount paid for the bond.
4
Yield to maturity is the total return anticipated on a bond if
the bond is held until it matures. Yield to maturity is
considered a long-term bond yield but it is expressed as an
annual rate.
*The asset allocation & investment strategy shall be as per
provision of scheme information document.
All data as on 28th February 2021.
2. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY
Distributed by:
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 and 12 months
*Investors should consult their financial advisers if in
doubt about whether the product is suitable for them.
Riskometer
Investors understand that
their principal will be at
Low to Moderate risk
Performance Table by
Fund Manager: Mr. Anurag Mittal
CAGR Returns (%) Current Value of Investment of ` 10,000
1 Year 3 Years 5 Years
Since
Inception
1 Year 3 Years 5 Years
Since
Inception
Scheme Name
IDFC Low Duration Fund*^
NIFTY Low Duration Debt Index
1 Year T-Bill##
Performance based on NAV as on 26/02/2021 Past performance may or may not be sustained in future. The performances given are of regular
plan growth option. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution
expenses, commission expenses etc. #
w.e.f. Nov 11, 2019. ##
Alternate Benchmark Returns. *Inception Date of Regular Plan - Growth Jan 17, 2006.
^The fund has been repositioned from an IDFC Ultra Short Term Fund to a IDFC Low Duration Fund w.e.f. May 28, 2018.
5.95% 7.25% 7.47% 7.56% 10,593 12,332 14,335 30,086
5.94% 7.23% 7.35% 8.20% 10,592 12,326 14,256 32,931
5.47% 6.65% 6.56% 6.32% 10,546 12,127 13,739 25,274
#
**
IDFC Floa�ng Rate Fund is managed by Mr. Anurag Mi�al and Mr. Arvind Subramanian (w.e.f. 18th February 2021).
The scheme has been in existence for less than 1 year, hence performance has not been disclosed.
4
The fund has been reposi�oned from Balanced category to Aggressive Hybrid category w.e.f. April 30, 2018. 6
The fund has been reposi�oned from an ultra short term fund to a low dura�on
fund w.e.f. may 28, 2018. 7
The fund has been reposi�oned from a floa�ng rate fund to a money market fund w.e.f. June 4, 2018.
#
The benchmark of IDFC Core Equity Fund has been changed from S&P BSE 200 TRI to Ni�y LargeMidcap 250 TRI w.e.f. October 07, 2019.
$$$
The benchmark of IDFC Regular Savings Fund has been changed from CRISIL Hybrid 85+15 - Conserva�ve Index Benchmark to 15% S&P BSE 200 TRI + 85% NIFTY AAA Short Dura�on Bond Index
w.e.f. Nov 11,2019.
##
The benchmark of IDFC Sterling Value Fund has been changed from S&P BSE 500 TRI Benchmark to S&P BSE 400 MidSmallCap TRI w.e.f. Nov 11,2019.
*Benchmark of IDFC Hybrid Equity Fund has been changed from CRISIL Hybrid 35+65 -Aggressive Index to 65% S&P BSE 200 TRI+35% NIFTY AAA Short Dura�on Bond Index w.e.f. Nov 11,2019.
//
The benchmark of IDFC Low Dura�on Fund has been changed fromCRISIL Liquid Fund Index to NIFTY Low Dura�on Debt Index w.e.f. Nov 11,2019.
&&
The benchmark of Money Manager Fund has been changed fromCRISIL Liquid Fund Index Benchmark to NIFTY Money Market Index w.e.f. Nov 11,2019.
%%
The benchmark ofIDFC Banking and PSU Debt Fund has been changed from CRISIL Short Term Bond Fund Index Benchmark to NIFTY Banking & PSU Debt Index w.e.f. Nov 11,2019.
~~ The benchmark of IDFC Corporate Bond Fund has been changed from CRISIL Short Term Bond Fund Index to NIFTY AAA Short Dura�on Bond Index w.e.f. Nov 11,2019.
Performance based on NAV as on 26/02/2021. IDFC Cash Fund and IDFC Overnight fund performance as on 28/02/2021
IDFC Banking and PSU Debt Fund
5.95% 7.25% 7.47%
3.69% 4.27% 5.68% 6.16% 6.21% 6.51%
7.63% 13.51% 6.38% 9.51% 8.13% 10.16%
8.23%
1 Year 3 Years 5 Years
Benchmark Index
Managing
Since
Period
09/11/15
IDFC Regular Savings Fund
IDFC Low Dura�on Fund6
IDFC Cash Fund Fund CRISIL Liquid Fund Index
IDFC Hybrid Equity Fund4
23.48% 26.53% 6.83% NA
30/12/16
8.59% 8.75%
12/01/16
IDFC Corporate Bond Fund
7.33% 9.45% 8.09% 8.23% 7.97%
09/11/15
09/11/15
15/05/17
4.53% 5.84% 6.29%
IDFC Money Manager Fund7 09/11/15
8.23% 8.27%
11.22%
8.81%
NA
8.46%
4.71% 6.38% 6.72%
5.94% 7.23% 7.35%
04/06/18
IDFC Fixed Term Plan - Series 149 CRISIL Composite
Bond Fund Index
8.02% 6.94% NA NA
NA NA
22/06/18
IDFC Fixed Term Plan - Series 152 8.43% 6.94% NA NA
NA NA
27/06/18
IDFC Fixed Term Plan - Series 154 6.65% 6.94% NA NA
NA NA
12/07/18
IDFC Fixed Term Plan - Series 156 6.93% 6.94% NA NA
NA NA
20/07/18
IDFC Fixed Term Plan - Series 159 7.05% 6.94% NA NA
NA NA
CRISIL Composite
Bond Fund Index
CRISIL Composite
Bond Fund Index
CRISIL Composite
Bond Fund Index
CRISIL Composite
Bond Fund Index
IDFC Fixed Term Plan - Series 160
IDFC Fixed Term Plan - Series 161
CRISIL Composite
Bond Fund Index
CRISIL Composite
Bond Fund Index
29/08/18
09/08/18
7.47% 6.94% NA NA
NA NA
7.12% 6.94% NA NA
NA NA
15% S&P BSE 200 TRI + 85%
NIFTY AAA Short Dura�on
Bond Index$$$
NIFTY Low Dura�on
Debt Index//
NIFTY Money Market
Index&&
NIFTY Banking & PSU
Debt Index%%
NIFTY AAA Short Dura�on
Bond Index~~
65% S&P BSE 200 TRI + 35%
NIFTY AAA Short Dura�on
Bond Index*
IDFC Fixed Term Plan - Series 163 CRISIL Composite
Bond Fund Index
14/12/18 8.65% 6.94% NA NA
NA NA
IDFC Fixed Term Plan - Series 166 CRISIL Composite
Bond Fund Index
28/12/18 8.86% 6.94% NA NA
NA NA
IDFC Fixed Term Plan - Series 167 CRISIL Composite
Bond Fund Index
10/01/19 8.71% 6.94% NA NA
NA NA
IDFC Fixed Term Plan - Series 176 CRISIL Composite
Bond Fund Index
21/02/19 8.51% 6.94% NA NA
NA NA
IDFC Fixed Term Plan - Series 177 CRISIL Composite
Bond Fund Index
13/03/19 8.52% 6.94% NA NA
NA NA
IDFC Fixed Term Plan - Series 178 CRISIL Composite
Bond Fund Index
26/03/19 8.65% 6.94% NA NA
NA NA
IDFC Fixed Term Plan - Series 179 CRISIL Composite
Bond Fund Index
13/03/19 5.88% 6.94% NA NA
NA NA
Mr. Anurag Mi�al manages 22 schemes of IDFC Mutual Funds**
Performance of Other Funds Managed
by Fund Manager: Mr. Anurag Mittal