About IDFC Low Duration Fund Direct - Dividend Daily Reinvestment
IDFC Low Duration Fund Direct - Dividend Daily Reinvestment is a Debt
mutual fund scheme from IDFC Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Anurag Mittal
. It has an AUM of ₹5,803.90 Crores and the latest NAV decalared is ₹10.111 as on 24 Feb 2020 at 10:35 pm.
IDFC Low Duration Fund Direct - Dividend Daily Reinvestment scheme return performance in last 1 year is 8.55%, in last 3 years is 25.11% and 79.51% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
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.