IDFC Mutual Fund is a prominent mutual fund asset management company in India which was established in the year 2000. Since then, it has provided an innovative solution to the investors by launching various schemes in different categories. It has AUM of nearly Rs 65,000 crore which is constantly increasing as the AMC has gained the trust of the investors over the years. The experts at MySIPonline have prepared a list of the best-performing schemes. The following schemes of IDFC Mutual Fund have been the most impressive in recent years and can be chosen for new investment as well.
IDFC Bond Fund - Income Plan
This is a medium to long duration debt scheme which is among the top performers in the category. It has delivered better returns than peers and index many times in the past. It invests in the securities with a medium as well as long term maturity but due the recent rate cuts by RBI, the securities with long term maturity have been highly chosen. The average maturity tenure of the securities chosen is 8.29 years while the yield to maturity is 8.12%. The fund is an ideal choice for investors who seek to invest in fixed income securities for more than 3 years.
IDFC Low Duration Fund
It falls in the category of low duration fund which can be used as an investment platform for short term savings. The fund invests in the securities which have maturity tenure of 6 to 12 months. The maturity tenure of the securities cannot exceed the set limits. It has delivered much better returns than the peers and benchmark. IDFC Low Duration Fund can also be used as an alternative to bank deposits for the short term. Investors can expect 8% annual returns under normal conditions.
IDFC Banking & PSU Debt Fund
It is a consistent fund that can only invest in the bonds and debentures of the companies which have their business in the banking and financial sector. It selects securities with high credit ratings but the rate sensitivity is also high as the interest rates can be changed. The fund invests in securities with medium-term maturity with an average tenure of 3.6 years. It has generated 8.7% returns in the last one year. The fund is suitable for conservative investors who want to invest in banking securities.
IDFC Tax Advantage Fund
It is an ELSS fund which invests 100% of the corpus in equity instruments to allow the investors to earn long term gains along with tax benefits. It can reduce tax liability by Rs 46,800 every financial year. The fund possesses high risk as nearly 50% of the investment is done in the high-risk stocks which can deliver high returns in the long term. The long term gains of the fund are better than the benchmark and category average. The fund has a lock-in period of 3 years but investments must be done for more than 5 years for better returns.
The above-mentioned schemes are the top performers in the current market conditions and can be chosen according to the suitability of the investors. To know which scheme can be most suitable for you, connect with the experts at MySIPonline. Download our official app for the Android and IOS devices from the link below.
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