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IDFC Corporate Bond Fund Direct Plan Quarterly Dividend Payout

Debt

  

Corporate Bond Fund

NAV

10.516 -0.0165

as on (03 Apr, 2020)

RETURNS

5.18 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Expense Ratio

0.28 %

Benchmark

CRISIL Short Term Bond Fund TR INR

Asset Size

13672.13 Cr.

(As of 30 Apr, 2019)

Risk

Moderate

Objective

The Fund seeks to provide steady income and capital appreciation by investing primarily in AA+ and above rated corporate debt securities across maturities.

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Fund manager

Anurag Mittal

(since 12 Jan, 2016)

Exit load

N / A

Minimum sip

₹ 100

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Small Industries Development Bank Of India

4.48 %

Indian Railway Finance Corporation Limited

4.48 %

National Bank For Agriculture And Rural Development

3.61 %

Rural Electrification Corporation Limited

2.81 %

Sector Allocation

About the Scheme Type

Corporate Bond Fund

Corporate Bond Funds invest into fixed income instruments, such as, bonds, commercial papers, debentures and structured obligations, issued by companies. Given that corporate bond funds ensure capital protection, they’re considered less risky. These are a good choice for investors looking for a fix but higher income from a reliable investment avenue. The usual investment horizon is 1 – 4 years and since these funds invest in the bonds of medium to long tenure, it should be looked as a long term investment option.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

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Overview of IDFC Asset Management Company Limited

IDFC Asset Management Company Limited finds its roots back to 2000 when it was established and which has since gone on to become one of the largest fund houses in India (in terms of AUM). The IDFC Mutual Fund provides its services to institutional and retail investors and has developed a robust network to deliver consistent value to its investors across India. The IDFC Fund manages equity, fixed income, and balanced mutual funds for its clients and invests in public equity and fixed income markets of India. The firm obtains external research to complement its in- house research. IDFC Asset Management Company Limited operates as a subsidiary of IDFC Financial Holding Company Limited.