1. IDFC ALL SEASONS BOND FUND
An open ended fund of fund scheme investing in debt oriented mutual fund
schemes (including liquid and money market schemes) of IDFC Mutual Fund
2. IDFC All Seasons Bond Fund
■ IDFC All Seasons Bond Fund (ASBF) is a Fund of Funds (FoF) structure
■ It is an actively managed fund that focuses on the front end of the yield
curve
■ Depending on the fund manager’s view, the fund navigates across funds
ranging from very short duration (Liquid or ultra short) to short to
medium duration.
■ Currently, it is the intention of the fund manager to focus on schemes
with underlying high-quality instruments.
■ The fund aims to benefit from accrual and optimize portfolio yields by
dynamically allocating within our variety of fund offerings
3. Advantages of IDFC All Seasons Bond Fund
■ Investors benefit from this dynamic management in a tax-efficient manner
■ Today, each category is sharply defined in terms of duration risk
■ Eg: Ultra Short Term fund cannot go below 3 months, nor beyond 6 months
■ Similarly, Short Duration funds cannot go below 1 year, nor beyond 3 years
■ For investors looking at dynamic management at the short end of yield
curve, IDFC All Seasons Bond Fund offers a no-restriction duration play.
The fund can turn extremely conservative like a liquid fund, if need be,
thereby offering the fund manager complete flexibility.
4. Active Management of ASBF – Varying Maturity & Allocation
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
Jul-15
Sep-15
Nov-15
Jan-16
Mar-16
May-16
Jul-16
Sep-16
Nov-16
Jan-17
Mar-17
May-17
Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Jul-18
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Average
maturity
(in
years)
Jan’16:
MT:84%; ST:15%
May’16:
ST:52%;MMF:34%;
USTF:13%
Feb’17:
MMF:40%; USTF:37%;
Cash: 23%
Nov’17:
MMF:77%, Gsec-st:23%;
ST:0.3%
Jul’18:
ST:70%; LDF:30%
Apr’19:
ST:64%; BPSU:36%
Sep’20:
BPSU:67%; ST:31%
Data as on 30th September 2020
ST: IDFC Bond Fund – Short term plan; MT: : IDFC Bond Fund – Short term plan; MMF_ IDFC Money Manager Fund – Investment plan; Gsec-ST – IDFC Government securities fund – Short term fund;
LDF: Low Duration Fund; BPSU: IDFC Banking & PSU debt Fund
Min - 0.7 years Max - 3.7 years
Avg. – 2.4 years
5. Focus on High Quality
0%
20%
40%
60%
80%
100%
Mar-15
Jun-15
Sep-15
Dec-15
Mar-16
Jun-16
Sep-16
Dec-16
Mar-17
Jun-17
Sep-17
Dec-17
Mar-18
Jun-18
Sep-18
Dec-18
Mar-19
Jun-19
Sep-19
Dec-19
Mar-20
Jun-20
Sep-20
Credit Rating Break up based on instruments of underlying funds*
AAA Equivalent AA Equivalent
Data as on 30th September 2020
*- Weighted allocation to respective underlying instruments
6. Data as on September 30, 2020
IDFC All Seasons Bond Fund
01 Strategy
02
03
04
Actively managed short term
dynamic fund of funds
01
02
03
04
Actively managed at the front
end of the yield curve
IDFC Banking and PSU Debt Fund: 67%
IDFC Bond Fund – Short Term Plan: 31%
Emphasis on High Quality – No
diluted strategy
Underlying funds invest in
100% AAA instruments
currently
Moves from very short to
short-to-moderate duration
Quality
Duration
Current
Allocation
IDFC All Seasons Bond Fund
7. Current Product Specification
YTM
Average Maturity
2.27 years
Modified Duration
1.98 years
Regular Plan - TER
0.55%
AAA
EQUIVALENT,100
%
Asset Quality
4.92%
Data as on 30th September 2020
IDFC Banking & PSU Debt
Fund, 67.37%
IDFC Bond Fund - Short
Term Plan, 31.14%
Allocation
8. Product Label
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
For IDFC All Seasons Bond Fund – IDFC All Seasons Bond Fund is a Fund of Funds Scheme. Investors may note that they will be bearing recurring expenses of the Scheme
in addition to the expenses of the underlying schemes in which the Fund of Funds scheme invests.
