Low Duration Fund - An open-ended low duration debt scheme investing in debt & money market instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months. A relatively low interest rate risk and moderate credit risk.
(as on January 31, 2023)
SCHEME OBJECTIVE | To generate income / capital appreciation by investing in a portfolio comprising of low duration debt instruments and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized. |
DATE OF ALLOTMENT | March 4, 2005 |
BENCHMARK | CRISIL Low Duration Fund BI Index |
FUND MANAGER | 1) Mr. Kunal Jain 2) Mr. Avnish Jain |
TOTAL EXPERIENCE | 1) 14 Years 2) 27 Years |
MANAGING THIS FUND | 1) Since 18-July-22 2) Since 01-April-22 |
ASSET ALLOCATION | Debt & Money Market Instruments- 0% to 100% (Risk- Low to Medium) Reits/Invits- 0% to 10% (Risk- Medium to High) |
MINIMUM INVESTMENT | ₹5000 and in multiples of ₹ 1 thereafter Subsequent purchases: Minimum amount of ₹ 1000 and multiples of ₹ 1 thereafter SIP: For Any date/monthly frequency – ₹ 1000 and in multiples of ₹ 1 thereafter For quarterly frequency – ₹ 2000 and in multiples of ₹ 1 thereafter STP: For Daily/Weekly/Monthly frequency – ₹ 1000 and in multiples of ₹ 1 thereafter For quarterly frequency – ₹ 2000 and in multiples of ₹ 1 thereafter SWP: For monthly frequency – ₹ 1000 and in multiples of ₹ 1 thereafter For quarterly frequency – ₹ 2000 and in multiples of ₹ 1 thereafter |
PLANS / OPTIONS | Regular Plan - Reinvestment of Income Distribution cum Capital Withdrawal Option Regular Plan - Payout of Income Distribution cum Capital Withdrawal Option Regular Plan - Daily Reinvestment of Income Distribution cum Capital Withdrawal Option Regular Plan - Weekly Payout of Income Distribution cum Capital Withdrawal Option Regular Plan - Weekly Reinvestment of Income Distribution cum Capital Withdrawal Option Regular Plan - Monthly Payout of Income Distribution cum Capital Withdrawal Option Regular Plan - Monthly Reinvestment of Income Distribution cum Capital Withdrawal Option Regular Plan - Growth Option Direct Plan - Reinvestment of Income Distribution cum Capital Withdrawal Option Direct Plan - Payout of Income Distribution cum Capital Withdrawal Option Direct Plan - Daily Reinvestment of Income Distribution cum Capital Withdrawal Option Direct Plan - Weekly Payout of Income Distribution cum Capital Withdrawal Option Direct Plan - Weekly Reinvestment of Income Distribution cum Capital Withdrawal Option Direct Plan - Monthly Payout of Income Distribution cum Capital Withdrawal Option Direct Plan - Monthly Reinvestment of Income Distribution cum Capital Withdrawal Option Direct Plan - Growth Option |
ENTRY LOAD | Nil |
EXIT LOAD | Nil |
EXPENSE RATIO^: |
Regular Plan: 0.60% Direct Plan : 0.33% |
Monthend AUM# | ₹ 1,105.69 Crores |
Monthly AVG AUM | ₹ 1,116.15 Crores |
(as on January 31, 2023) | (₹) |
Regular Plan - Daily IDCW (reinvestment) | 10.2600 |
Direct Plan - Daily IDCW (reinvestment) | 10.2600 |
Direct Plan - Growth Option | 36.1830 |
Regular Plan - Growth Option | 35.4553 |
Regular Plan - IDCW (payout/reinvestment) | 31.7592 |
Direct Plan - IDCW (payout/reinvestment) | 32.3660 |
Direct Plan - Monthly IDCW (payout/reinvestment) | 10.2662 |
Regular Plan - Monthly IDCW (payout/reinvestment) | 10.2658 |
Regular Plan - Weekly IDCW (payout/reinvestment) | 10.2658 |
Direct Plan - Weekly IDCW (payout/reinvestment) | 10.2662 |
Annualised Portfolio YTM | 7.55% |
Modified Duration | 0.79 Years |
Residual Maturity | 1.40 Years |
Macaulay Duration | 0.86 Years |
Name of the Instruments |
Rating |
% to NAV |
Money Market Instruments |
27.88 |
|
ICICI Bank Ltd |
A1+(ICRA) |
6.39 |
HDFC Bank Ltd |
A1+(CARE) |
4.24 |
HDFC Bank Ltd |
A1+(CARE) |
2.17 |
Kotak Mahindra Bank Ltd |
A1+(CRISIL) |
2.17 |
Export-Import Bank Of India |
A1+(CRISIL) |
2.17 |
Axis Bank Ltd |
A1+(CRISIL) |
2.16 |
Kotak Mahindra Bank Ltd |
A1+(CRISIL) |
2.16 |
Small Industries Development Bank of India |
A1+(CARE) |
2.16 |
Axis Bank Ltd |
A1+(CRISIL) |
2.13 |
Bank of Baroda |
A1+(IND) |
2.13 |
Debt Instruments |
53.65 |
|
Larsen & Toubro Ltd |
AAA(CRISIL) |
6.77 |
National Housing Bank |
AAA(CRISIL) |
6.75 |
Power Finance Corporation Ltd |
AAA(CRISIL) |
4.51 |
HDB Financial Services Ltd |
AAA(CRISIL) |
4.36 |
National Bank For Agriculture & Rural Development |
AAA(CRISIL) |
4.32 |
LIC Housing Finance Ltd |
AAA(CRISIL) |
2.70 |
Kotak Mahindra Prime Ltd |
AAA(CRISIL) |
2.26 |
Kotak Mahindra Prime Ltd |
AAA(CRISIL) |
2.26 |
HDB Financial Services Ltd |
AAA(CARE) |
2.26 |
Housing Development Finance Corporation Ltd |
AAA(CRISIL) |
2.26 |
Grasim industries Ltd |
AAA(CRISIL) |
2.26 |
Power Finance Corporation Ltd |
AAA(CRISIL) |
2.23 |
Bajaj Housing Finance Ltd |
AAA(CRISIL) |
2.23 |
Bajaj Housing Finance Ltd |
AAA(CRISIL) |
2.21 |
LIC Housing Finance Ltd |
AAA(CARE) |
1.77 |
LIC Housing Finance Ltd |
AAA(CRISIL) |
1.36 |
Small Industries Development Bank Of India |
AAA(ICRA) |
1.32 |
Bajaj Finance Ltd |
AAA(CRISIL) |
0.92 |
Bajaj Finance Ltd |
AAA(CRISIL) |
0.90 |
Government Securities |
10.28 |
|
GOI FRB 30-OCT-34 |
Sovereign |
4.41 |
0.00% GOI 16-JUN-23 |
Sovereign |
2.70 |
7.75% TAMIL NADU SDL UDAY 22-FEB-23 |
Sovereign |
1.81 |
7.38% GOI 20-JUN-27 |
Sovereign |
1.36 |
Treasury Bills |
4.40 |
|
Tri - party repo |
1.79 |
|
Other Current Assets |
2.00 |
|
Grand Total ( Net Asset) |
100.00 |
% Allocation |
|
Net Current Assets |
1.97% |
0 to 3 Months |
13.54% |
3 to 6 Months |
18.35% |
6 to 12 Months | 34.57% |
1 -2 years | 11.54% |
Greater Than 2 Years | 20.02% |
This product is suitable for investors who are seeking*: | |
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*Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
$ Source ICRA MFI Explorer | #Monthend AUM / Quantitative Information as on 31.01.2023 | ^The expense ratios mentioned for the schemes includes GST on investment management fees. Please click here for disclaimers.