Fund Details
IDBI Short Term Bond Fund Direct Growth
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.31% |
| NAV | ₹21.73 (23 Jul 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹25 Cr |
Returns
Comparison
1. Lower expense ratio - 0.31%
2. 1Y Returns are higher than the category average returns
3. Exit load is zero
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. 3Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 38.9% |
| GOI | Sovereign | GOI Sec | 19.7% |
| Godrej Industries Ltd. | Diversified | Debenture | 7.9% |
| Power Finance Corporation Ltd. | Financial | NCD | 7.2% |
| NTPC Ltd. | Energy | Debenture | 7.0% |
| Chennai Petroleum Corporation Ltd. | Energy | NCD | 7.0% |
| REC Ltd. | Financial | NCD | 7.0% |
| Hindalco Industries Ltd. | Metals | Bonds/NCD | 2.1% |
Fund Managers
IDBI Short Term Bond Fund Direct Growth Details
IDBI Short Term Bond Fund Direct Growth is a Debt Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Bupesh Kalyani is the Current Fund Manager of IDBI Short Term Bond Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹25 Cr and the Latest NAV as of 23 Jul 2021 is ₹21.73.
The IDBI Short Term Bond Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
Investment Objective
The Scheme seeks to provide investors with regular income by investing in Debt and Money market instruments such that the Macaulay duration of the portfolio is maintained between 1 year to 3 years.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
