About HDFC Low Duration Fund Direct Plan-Growth
HDFC Low Duration Fund Direct Plan-Growth 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 ₹43.220 as on 06 Dec 2019 at 8:40 pm.
HDFC Low Duration Fund Direct Plan-Growth scheme return performance in last 1 year is 8.79%, in last 3 years is 24.08% and 75.31% 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.