July 23, 2022
mayank
IDFC Cash Fund Guidance
NAV Growth : Rs 2,604.4318
NAV IDCW Weekly : Rs 1,007.7134
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 seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy and with high liquidity, from a portfolio that is invested in debt and money market securities with maturity up to 91 days.
Fund Manager :
— Brijesh Shah
Education : Mr. Shah is a Post Graduate Diploma in Finance.
Experience : Prior to joining IDFC Mutual Fund he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
— Harshal Joshi
Education : Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai
Experience : Prior to joining 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. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 500 |
| Min. Balance (Rs) | 5,000 |
| Lock-in Period | Not Applicable |
| 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: | IDFC Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 6.73% |
| Benchmark: | NIFTY Liquid Index A-I |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| % Assets: | Rs 11,912 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.12% |
| (As on 30-Jun-2022) | |
| Risk Grade: | — |
| Return Grade: | Below Average |
IDFC Cash Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| IDFC Cash Direct-G | 2.2 | 0.01 | 0.07 | 0.39 | 1.07 | 2.01 | 3.72 | 4.01 | 5.25 | 5.88 | — |
| CCIL T Bill Liquidity Weight | 1.06 | 0.04 | 0.03 | 0.27 | 0.42 | 0.95 | 2.01 | 2.65 | 3.28 | 3.66 | — |
| Debt: Liquid | 2.19 | 0.01 | 0.07 | 0.39 | 1.06 | 1.99 | 3.72 | 4.08 | 5.32 | 5.93 | — |
| Rank within category | 17 | 33 | 17 | 21 | 16 | 17 | 26 | 27 | 26 | 26 | — |
| Number of funds in category | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 36 | 32 | 31 | 1 |
IDFC Cash Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| IDFC Cash Fund | 2 star | Jan-13 | 3.72 | 4.01 | 5.25 | 0.12 | 11,912 |
| Aditya Birla Sun Life Liquid Fund | 4 star | Jan-13 | 3.77 | 4.2 | 5.44 | 0.21 | 36,735 |
| Baroda BNP Paribas Liquid Fund | 4 star | Jan-13 | 3.81 | 4.17 | 5.42 | 0.19 | 5,830 |
| LIC MF Liquid Fund | 4 star | Jan-13 | 3.73 | 4.19 | 5.41 | 0.11 | 5,384 |
| Mirae Asset Cash Management Fund | 4 star | Jan-13 | 3.76 | 4.16 | 5.39 | 0.17 | 3,472 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 45 | 59 | 20 | 48 |
| Modified Duration (yrs) | 0.12 | 0.12 | 0.04 | — |
| Average Maturity (yrs) | 0.12 | 0.13 | 0.04 | — |
| Yield to Maturity (%) | 5.05 | 5.05 | 3.19 | — |
| Avg Credit Rating | AAA | — | — | — |
IDFC Cash Fund Guidance by Chanakya :
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