April 18, 2023
mayank
IDBI Short Term Bond Fund
NAV Growth: Rs 25.3469
NAV IDCW Weekly: Rs 13.6405
NAV IDCW Monthly: Rs 15.4925
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
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.
Fund Manager:
1) Raju Sharma
Education: Mr. Sharma is a Commerce Graduate and holds a degree of CA and LLB.
Experience: Prior to joining IDBI Mutual Fund, he has worked with Tata Mutual Fund, Indiabulls Mutual Fund, JM Morgan Stanley and DHFL.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 5,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | IDBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.75% |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 30 Cr |
| (As on 28-Feb-2023) | |
| Expense | 0.28% |
| (As on 28-Feb-2023) | |
| Risk Grade | High |
| Return Grade | High |
IDBI Short Term Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| IDBI ST Bond Dir | 2.17 | 0.05 | 0.86 | 1.77 | 3.82 | 5.43 | 9.04 | 6.88 | 7.13 | 7.66 |
| CCIL T Bill Liquidity Weight | 1.13 | -0.03 | 0.42 | 1.00 | 2.03 | 3.11 | 2.52 | 3.23 | 3.51 | 4.09 |
| Debt: Short Duration | 2.29 | 0.05 | 0.99 | 1.91 | 4.13 | 5.82 | 6.38 | 6.56 | 6.96 | 7.71 |
| Rank within category | 22 | 11 | 24 | 23 | 17 | 16 | 1 | 9 | 10 | 12 |
| Number of funds in category | 26 | 27 | 27 | 26 | 26 | 25 | 23 | 21 | 20 | 19 |
IDBI Short Term Bond Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age |
| IDBI ST Bond Dir | 4 star | 5.43 | 9.04 | 6.88 | 0.28 | 30 | 7.75 | — | 10yrs 3mo |
| ICICI Pru ST Dir | 4 star | 7.19 | 7.19 | 7.76 | 0.39 | 14,797 | 8.56 | — | 10yrs 3mo |
| Axis Short Term Dir | 4 star | 6.01 | 6.38 | 7.41 | 0.30 | 6,730 | 8.20 | — | 10yrs 3mo |
| Nippon Ind ST Dir | 4 star | 5.62 | 6.49 | 7.23 | 0.34 | 5,376 | 8.13 | — | 10yrs 3mo |
| ABSL Short Term Dir | 4 star | 6.37 | 7.35 | 7.61 | 0.38 | 4,829 | 8.71 | — | 10yrs 3mo |
Portfolio Breakup
| Concentration | ||
| Fund | Category | |
| Number of Securities | 8 | 41 |
| Modified Duration (yrs) | 1.31 | 1.85 |
| Average Maturity (yrs) | 1.68 | 2.45 |
| Yield to Maturity (%) | 7.31 | 7.80 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For IDBI Short Term Bond Fund
Apply Online: https://online.idbimutual.co.in/
>> Post your MF questions @ sahifund.com/ask-me/
>> Stock Research Reports:
https://www.analysislibrary.com/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
>> For Higher studies, Interview skills, Competitive Exam books
http://www.gyanpothi.com/search-institutes/
>> Get Good Staff or Job, Click: Staffavailable.com
>> To apply for Government & PSU jobs, click
https://www.staffavailable.com/government-psu-jobs/
>> Go to IPOs Analysis Section, Click
>> Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>> Interested in Crossword Puzzles? Click: magajmari.com