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 4th 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 |
|
|
|
Growth Option |
Direct Plan – Growth Option |
Growth Option |
Direct Plan – Growth Option |
| Returns for last 1 year |
11.78 |
12.60 |
10.18 |
10.18 |
| Returns since inception |
11.86 |
12.65 |
10.14 |
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.
