IDFC Corporate Bond Fund Direct Dividend Quarterly+0.05%

3Groww
9.81%
1 Year Return
Debt
Corporate Bond
3.0 star
6M
1Y
3Y
All

Fund Details

IDFC Corporate Bond Fund Direct Dividend Quarterly

RiskModerate
Min SIP Amount₹1000
Expense Ratio0.26%
NAV10.42 (14 Oct 2019)
Fund Started21 Mar 2016
Fund Size15,835 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IDFC Corporate Bond Fund Direct Dividend Quarterly
9.8%
7.3%
NA
8.2%
Category Average
6.1%
5.3%
7.0%
-
Rank within category
12
8
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    Estimated Value
    as per Historical Returns
    30
    with 9.8% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio
    2. 1Y Returns are higher than the benchmark
    3. 3Y Returns are higher than the benchmark
    4. Exit load is zero
    Cons
    1. Risk is higher compared to the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Power Finance Corpn. Ltd.FinancialBonds1.3%
    Indian Railway Finance Corpn. Ltd.FinancialBonds1.2%
    National Bank For Agriculture & Rural DevelopmentFinancialBonds1.0%
    Larsen & Toubro Ltd.ConstructionDebenture0.7%
    Power Finance Corpn. Ltd.FinancialBonds0.4%
    Mahindra Vehicle Manufacturers Ltd.AutomobileDebenture0.3%
    Power Finance Corpn. Ltd.FinancialBonds0.3%
    Bajaj Finance Ltd.FinancialDebenture0.2%
    Power Finance Corpn. Ltd.FinancialBonds0.2%
    Power Grid Corporation of India Ltd.EnergyBonds0.1%
    See All

    Fund Managers

    addAnurag Mittal
    Education
    Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.
    Experience
    Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).
    Funds Managed

    Other Details

    IDFC Corporate Bond Fund Direct Dividend Quarterly is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was introduced to investors on 21 Mar 2016. Anurag Mittal is the Current Fund Manager of IDFC Corporate Bond Fund Direct Dividend Quarterly.The fund currently has an Asset Under Management(AUM) of ₹15,835 Cr and the Latest NAV as of 14 Oct 2019 is ₹10.42.

    The IDFC Corporate Bond Fund Direct Dividend Quarterly is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.

    Investment Objective

    The Fund seeks to provide steady income and capital appreciation by investing primarily in corporate debt securities across maturities and ratings. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.

    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.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

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    About IDFC Mutual Fund

    Address
    OneIndiaBulls Centre, 841 Jupiter Mills Compound, Senapati Bapat Marg, Elphinstone Road (West), Mumbai 400013
    Phone
    022-66289999
    Launch Date
    12 Mar 2000
    Website
    NA
    IDFC Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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