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 May 31, 2024)
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 Debt A-I 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: 0.59% Direct Plan : 0.29% |
Monthend AUM# | ₹ 884.17 Crores |
Monthly AVG AUM | ₹ 852.99 Crores |
(as on May 31, 2024) | (₹) |
Regular Plan - Daily IDCW (reinvestment) | 10.2600 |
Direct Plan - Daily IDCW (reinvestment) | 10.2600 |
Direct Plan - Growth Option | 39.8536 |
Regular Plan - Growth Option | 38.9062 |
Regular Plan - IDCW (payout/reinvestment) | 34.8506 |
Direct Plan - IDCW (payout/reinvestment) | 35.6227 |
Direct Plan - Monthly IDCW (payout/reinvestment) | 10.2640 |
Regular Plan - Monthly IDCW (payout/reinvestment) | 10.2638 |
Regular Plan - Weekly IDCW (payout/reinvestment) | 10.2639 |
Direct Plan - Weekly IDCW (payout/reinvestment) | 10.2640 |
Annualised Portfolio YTM | 7.57% |
Modified Duration | 0.83 Years |
Residual Maturity | 1.00 Years |
Macaulay Duration | 0.89 Years |
Name of the Instruments |
Rating |
% to NAV |
Debt Instruments |
|
66.53 |
National Housing Bank |
AAA(CRISIL) |
5.66 |
Power Finance Corporation Ltd |
AAA(CRISIL) |
5.64 |
Small Industries Development Bank Of India |
AAA(CARE) |
3.94 |
REC Ltd |
AAA(CRISIL) |
3.30 |
Bajaj Finance Ltd |
AAA(CRISIL) |
2.82 |
Bajaj Housing Finance Ltd |
AAA(CRISIL) |
2.82 |
Bajaj Housing Finance Ltd |
AAA(CRISIL) |
2.82 |
Kotak Mahindra Prime Ltd |
AAA(CRISIL) |
2.82 |
HDB Financial Services Ltd |
AAA(CARE) |
2.81 |
Indian Railway Finance Corporation Ltd |
AAA(CRISIL) |
2.81 |
LIC Housing Finance Ltd |
AAA(CRISIL) |
2.81 |
National Housing Bank |
AAA(CRISIL) |
2.81 |
Power Finance Corporation Ltd |
AAA(CRISIL) |
2.81 |
Kotak Mahindra Prime Ltd |
AAA(CRISIL) |
2.80 |
HDB Financial Services Ltd |
AAA(CRISIL) |
2.79 |
National Bank For Agriculture & Rural Development |
AAA(ICRA) |
2.79 |
National Bank For Agriculture & Rural Development |
AAA(CRISIL) |
2.78 |
Small Industries Development Bank Of India |
AAA(CARE) |
2.78 |
REC Ltd |
AAA(CRISIL) |
2.75 |
REC Ltd |
AAA(CRISIL) |
2.60 |
Bajaj Housing Finance Ltd |
AAA(CRISIL) |
1.69 |
Export-Import Bank of India |
AAA(CRISIL) |
1.68 |
Government Securities |
|
5.53 |
0.00% GOI 19-SEP-26 |
Sovereign |
4.38 |
GOI FRB 2033 (22-SEP-2033) |
Sovereign |
1.15 |
Alternative Investment Fund |
|
0.30 |
CORPORATE DEBT MARKET DEVELOPMENT FUND CLASS A2 |
|
0.30 |
Money Market Instruments |
|
25.60 |
Axis Bank Ltd |
A1+(CRISIL) |
5.53 |
HDFC Bank Ltd |
A1+(CARE) |
2.72 |
Axis Bank Ltd |
A1+(CRISIL) |
2.71 |
ICICI Securities Ltd |
A1+(CRISIL) |
2.67 |
ICICI Bank Ltd |
A1+(ICRA) |
0.56 |
HDFC Securities Ltd |
A1+(CARE) |
0.22 |
Treasury Bills |
|
5.63 |
TREPS |
|
5.56 |
Other Current Assets |
|
2.04 |
Grand Total ( Net Asset) |
|
100.00 |
% Allocation |
|
Net Current Assets/ CDMDF |
2.30% |
0 to 3 Months |
11.98% |
3 to 6 Months |
16.58% |
6 to 12 Months | 32.22% |
1 -2 years | 25.77% |
Greater Than 2 Years | 11.15% |
This product is suitable for investors who are seeking*: | |
|
|
Benchmark Riskometer (CRISIL Low Duration Debt A-I Index) |
|
*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 31.5.2024 | ^The expense ratios mentioned for the schemes includes GST on investment management fees. Please click here for disclaimers.