About HDFC Low Duration Fund Direct Plan-Dividend Monthly Reinvestment
HDFC Low Duration Fund Direct Plan-Dividend Monthly Reinvestment is a Debt
mutual fund scheme from HDFC Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Anupam Joshi
. It has an AUM of ₹14,400.43 Crores and the latest NAV decalared is ₹10.191 as on 18 Oct 2019 at 10:30 pm.
HDFC Low Duration Fund Direct Plan-Dividend Monthly Reinvestment scheme return performance in last 1 year is 9.17%, in last 3 years is 24.85% and 73.72% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.