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Thursday, October 25, 2018

Debt Fund Categories

Here's a list of all the debt fund MF categories

Debt MF Schemes

CategoryScheme Characteristics
Overnight FundInvestment in overnight securities having maturity of 1 day
Liquid FundInvestment in Debt and money market securities with maturity of upto 91 days only
Ultra Short Duration FundInvestment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months
Low Duration FundInvestment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 6 months- 12 months
Money Market FundInvestment in Money Market instruments having maturity upto 1 year
Short Duration FundInvestment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year - 3 years
Medium Duration FundInvestment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 years - 4 years
Medium to Long Duration FundInvestment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 4 - 7 years
Long Duration FundInvestment in Debt & Money Market Instruments such that the Macaulay duration of the portfolio is greater than 7 years
Dynamic BondInvestment across duration
Corporate Bond FundMinimum investment in corporate bonds- 80% of total assets (only in highest rated instruments)
Credit Risk FundMinimum investment in corporate bonds- 65% of total assets (investment in below highest rated instruments)
Banking and PSU FundMinimum investment in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions- 80% of total assets
Gilt FundMinimum investment in Gsecs- 80% of total assets (across maturity)
Gilt Fund with 10 year constant durationMinimum investment in Gsecs- 80% of total assets such that the Macaulay duration of the portfolio is equal to 10 years
Floater FundMinimum investment in floating rate instruments- 65% of total assets



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