IDFC Low Duration Fund Direct-Growth 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 ₹4,974.43 Crores and the latest NAV decalared is ₹28.233 as on 21 Nov 2019 at 9:45 pm.
IDFC Low Duration Fund Direct-Growth scheme return performance in last 1 year is 9.14%, in last 3 years is 24.88% and 76.76% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
Debt: Low Duration
01 Jan 2013
The scheme aims to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months.
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.