About HDFC Low Duration Fund Direct Plan-Dividend Monthly
HDFC Low Duration Fund Direct Plan-Dividend Monthly 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 ₹14,904.31 Crores and the latest NAV decalared is ₹10.177 as on 14 Nov 2019 at 8:45 pm.
HDFC Low Duration Fund Direct Plan-Dividend Monthly scheme return performance in last 1 year is 9.15%, in last 3 years is 24.90% and 74.68% 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.