April 15, 2023
mayank
IDBI Liquid Fund
NAV Growth: Rs 2,429.0946
NAV IDCW Weekly: Rs 1,004.7604
NAV IDCW Monthly: Rs 1,006.2786
Suitable For Which Investors?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme will seek to provide investors with high level of liquidity along with regular income for their investment.
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 | Exit load of 0.0070% if redeemed within 1 day |
| 0.0065% if redeemed within 2 days | |
| 0.0060% if redeemed within 3 days | |
| 0.0055% if redeemed within 4 days | |
| 0.0050% if redeemed within 5 days | |
| 0.0045% if redeemed within 6 days. |
Basic Details
| Fund House | IDBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.81% |
| Benchmark | CRISIL Liquid Debt B-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 763 Cr |
| (As on 28-Feb-2023) | |
| Expense | 0.13% |
| (As on 28-Feb-2023) | |
| Risk Grade | — |
| Return Grade | Average |
IDBI Liquid Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| IDBI Liquid Dir | 1.94 | 0.02 | 0.64 | 1.72 | 3.37 | 5.86 | 4.39 | 5.42 | 5.88 | 6.75 |
| CCIL T Bill Liquidity Weight | 1.16 | 0.07 | 0.57 | 1.03 | 2.12 | 3.17 | 2.57 | 3.24 | 3.52 | 4.10 |
| Debt: Liquid | 1.95 | 0.02 | 0.65 | 1.71 | 3.37 | 5.84 | 4.26 | 5.27 | 5.76 | 6.70 |
| Rank within category | 26 | 2 | 25 | 24 | 26 | 23 | 3 | 2 | 3 | 9 |
| Number of funds in category | 36 | 36 | 36 | 36 | 36 | 36 | 35 | 31 | 30 | 29 |
IDBI Liquid 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 Liquid Dir | 3 star | 5.86 | 4.39 | 5.42 | 0.13 | 763 | 6.81 | 0.01 (1) | 10yrs 3mo |
| ABSL Liquid Dir | 4 star | 5.97 | 4.38 | 5.39 | 0.21 | 28,810 | 6.86 | 0.01 (1) | 10yrs 3mo |
| Axis Liquid Dir | 4 star | 5.94 | 4.33 | 5.35 | 0.15 | 21,367 | 6.81 | 0.01 (1) | 10yrs 3mo |
| UTI Liquid Cash Dir | 4 star | 5.93 | 4.33 | 5.34 | 0.14 | 20,696 | 6.78 | 0.01 (1) | 10yrs 3mo |
| HSBC Liquid Dir | 4 star | 5.93 | 4.31 | 5.31 | 0.12 | 9,029 | 6.77 | 0.01 (1) | 10yrs 3mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 12 | 56 |
| Modified Duration (yrs) | 0.12 | 0.10 |
| Average Maturity (yrs) | 0.12 | 0.09 |
| Yield to Maturity (%) | 7.02 | 7.13 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For IDBI Liquid Fund
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