Feb 26

HDFC Corporate Debt Opportunities Fund

Team Antworks

This is an open ended income mutual fund.

Investment objective

The objective here is to generate regular income and capital appreciation through corporate debt-based investments.

Fund information

Inception date	25/03/2014
CRISIL rank	Ranked 4^th in Credit Opportunities Fund
Schemes	Direct Option – Half Yearly Dividend Option Direct Growth – Normal Dividend Option Direct Option – Growth Option Regular Option – Half Yearly Dividend Option Regular Option – Normal Dividend Option Regular Option – Growth Option
Entry load	0%. Any upfront commissions to be paid by investor directly to ARN holder.
Exit load	2% if redeemed within 12 months 1% if redeemed between 12-24 months 0.50% if redeemed within 24-36 months Nil if redeemed after 36 months
Minimum investment	Rs.5,000 for new investors and any amount thereafter
SIP	No minimum amount
Product label – Risk and target investors	Moderate risk. Meant for investors looking to generate income over the medium to long term through corporate debt based investments.
Benchmark	CRISIL Short Term Bond Fund Index. This index aims to track performance of a debt portfolio consisting of AAA/AA rated corporate bonds, government securities, Certificates of Deposit and Commercial Papers.
SWP	Yes. Available in Fixed and Variable variants. Frequency of withdrawals are monthly, quarterly half yearly and yearly for Fixed SWP and quarterly, half yearly and yearly for Variable SWP.
STP	Yes. Available in two variants namely Fixed Systematic Transfer Plan (FSTP) and Capital Appreciation Systematic Transfer Plan (CASTP). Daily, Weekly, Monthly and quarterly transfer plans are available.
Redemption	Proceeds to be dispatched within 10 days. Minimum redemption amount of Rs.1,000 or 100 units.
Taxation (on investment and on redemption)	As per applicable sections under the Income Tax Act.

Portfolio – Sector / Top 10 holdings*

Name	Sector	Class	Allocation (%)
Adani Power Ltd 2018	Engineering	SO	3.16
8.36% Power Finance Corp. Ltd	Financial	Bonds	2.66
Tata Sky Ltd 2020	Services	ZCB	2.42
10.81% Writers and Publishers Pvt Ltd 2018	FMCG	SO	2.36
11.2% Aditya Birla Retail Ltd 2017	Financial	Debenture	2.15
8.56% Rural Electrification Corp Ltd	Financial	Bonds	1.90
ITD Cementation Ltd	Construction	CP	1.84
12.65% Prism Cement Ltd 2017	Construction	Debenture	1.77
Infiniti Retail Ltd 2017	Consumer Durable	Debenture	1.74
12.5% Spirit Textiles Pvt Ltd 2019	Textiles	Debenture	1.73

*As on 31st July 2015

Risk measures

Standard Deviation	NA
Sharpe Ratio	NA
Alpha	NA
Beta	NA

Performance*

AUM	Rs.6373 crores (Regular Growth)
NAV	Direct Option – Half Yearly Dividend Option: Rs.10.6720 Direct Growth – Normal Dividend Option: Rs.10.3207 Direct Option – Growth Option: Rs.11.7740 Regular Option – Half Yearly Dividend Option: Rs.10.6272 Regular Option – Normal Dividend Option: Rs.10.7189 Regular Option – Growth Option: Rs.11.6414
Expense Ratio	1.75% Direct plans have a lower expense ratio by 1.10%

*As on 31st July 2015

Benchmark comparison*

Compounded Annualised Returns

Scheme Returns (%)

Benchmark Returns (%)

Growth Option

Direct Plan – Growth Option

Growth Option

Direct Plan – Growth Option

Returns for last 1 year

11.78

12.60

10.18

Returns since inception

11.86

12.65

10.14

How to apply

Investors can apply for the HDFC Corporate Debt Opportunities Fund scheme via online and offline methods.

OnlineInvestors can use the HDFCMFOnline web portal to register for their applications. The portal is accessible to all customers having a folio with the company. On satisfying the KYC norms, investors can fill the requisite forms and submit them online. Alternatively, investors may also use third party providers for the application purpose if it is available. However, you should be sure about the credentials of those providers before making any promises.
OfflineOffline customers can approach any of the Investor Service Centres of HDFC MF and fill the relevant forms and submit supporting documents to proceed with the application process. Alternatively, they may also use third party distributors or dealers for applying to this scheme, however they should make sure the distributor is genuine.