February 15, 2024
mayank
Bandhan Low Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 35.5707
Weekly NAV IDCW: Rs 10.1029
Quarterly NAV IDCW: Rs 10.9287
NAV IDCW: Rs 11.6524
Suitable For Which Investors?
“Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.”
Fund’s Investment Strategy:
The scheme aims to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months.
Fund Manager:
1) Harshal Joshi
Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Bandhan Low Duration Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.47% |
| Benchmark | NIFTY Low Duration Debt Index A-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 5,362 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.32% |
| (As on 31-Jan-2024) | |
| Risk Grade | High |
| Return Grade | Below Average |
Trailing Returns (%) of Bandhan Low Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Low Duration Dir | 0.85 | 0.01 | 0.59 | 1.76 | 3.41 | 7.30 | 5.31 | 6.12 | 6.48 | 7.25 |
| CCIL T Bill Liquidity Weight | 0.55 | 0.01 | 0.36 | 1.16 | 2.21 | 4.59 | 3.13 | 3.27 | 3.53 | 4.02 |
| Debt: Low Duration | 0.89 | 0.02 | 0.61 | 1.80 | 3.50 | 7.48 | 5.74 | 6.06 | 6.44 | 7.15 |
| Rank within category | 18 | 18 | 17 | 16 | 19 | 18 | 18 | 12 | 11 | 9 |
| Number of funds in category | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 19 | 17 |
Peer Comparison of Bandhan Low Duration Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bandhan Low Duration Dir | 1 star | 7.30 | 5.31 | 6.12 | 0.32 | 5,362 | 7.47 | — | 11Y 1M |
| HDFC Low Duration Dir | 4 star | 7.82 | 5.77 | 6.76 | 0.45 | 16,395 | 7.66 | — | 11Y 1M |
| ABSL Low Duration Dir | 4 star | 7.66 | 5.94 | 6.87 | 0.39 | 12,877 | 7.98 | — | 11Y 1M |
| Nippon India Low Duration Dir | 4 star | 7.52 | 5.90 | 6.42 | 0.37 | 5,747 | 7.63 | — | 11Y 1M |
| UTI Low Duration Dir | 5 star | 7.37 | 7.21 | 4.72 | 0.35 | 3,148 | 6.84 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 73 | 66 |
| Macaulay Duration (yrs) | 0.86 | 0.89 |
| Average Maturity (yrs) | 0.89 | 1.25 |
| Yield to Maturity (%) | 7.73 | 7.83 |
| Avg Credit Rating | AAA | — |
How to Invest in Bandhan Low Duration Fund?
Chanakya’s Mutual Fund Guidance For Bandhan Low Duration Fund
Apply Online: https://bandhanmutual.com/mutual-funds
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https://sahifund.com/category/nfos/
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-low-duration-fund/