Product Snapshot

 
Fund Name
IDBI CREDIT RISK FUND  (Previously known as IDBI Corporate DEBT Opportunities Fund)
 
NatureAn open-ended debt scheme predominantly investing in AA and below rated corporate bonds.
Investment Objective The investment objective of the Scheme is to generate regular income and opportunities for capital appreciation by investing predominantly in AA and below rated corporate bonds across maturity spectrum. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Asset Allocation The asset allocation pattern for the scheme is detailed in the table below:
Instrument Indicative allocation
(% of total Assets)
Risk Profile
  Minimum Maximum  
AA and below rated Corporate Bonds*$ 65% 100% Low to Medium
AA+ and above rated Corporate Bonds 0% 35% Medium
Money Market Instruments**  0% 35% Low
Units issued by Real Estate Investment Trusts (REITs) & Investment & Infrastructure Investment Trusts (InvITs) 0% 10% Medium to High
$ excludes AA+ rated Corporate Bonds.
* Corporate Bonds means bonds which are issued by entities other than Central or State Government.
** Money Market Instruments including but not limited to CDs, CPs, T-Bills, CBLO, Repo/Reverse Repo (including repo in corporate bonds), Liquid schemes etc.
Fund Manager Mr. Bhupesh Kalyani
BenchmarkCrisil Short Term Bond Fund Index
Face ValueRs. 10/- per unit.
Entry Load Not Applicable
Exit Load For exit (Redemption/Switch-out/Transfer/SWP):
  • Up to & including 12 months from the date of allotment – 0.75%
  • After 12 months – Nil

For SIP
  • Exit load will be applicable from the date of allotment of each installment.
Taxation
IDBI Corporate Debt Opportunities Fund Resident Investor** Mutual Fund**
Tax on Dividend (Dividend Distribution Tax) NIL Dividend Distribution Tax (DDT)
Individual / HUF - 25% (plus applicable surcharge & cess) Others- 30% (plus applicable surcharge & cess)
Capital Gain    
Long Term
(for Units held for more than 36 months)
20% p.a. with indexation (plus applicable surcharge & cess) NIL
Short Term Rates applicable to Unitholders as per their income slabs (plus applicable surcharge & cess) NIL

**For further details on taxation please refer to the Section on Taxation in the SID/ SAI and also independently refer to your tax advisor and to the latest Tax Reckoner. Investors should be aware that the fiscal rules/ tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of the individual nature of the tax consequences, each investor is advised to consult his/ her own professional tax advisor.
Plans & Options
The Scheme offers following plans for investment :-
  1. Regular Plan
  2. Direct Plan

Within each Plan there are two Options:
  1. Dividend Option
  2. Growth Option

The Dividend Option under both the Plans offers following modes of Dividend:
  1. Dividend Payout
  2. Dividend Reinvestment and
  3. Dividend Sweep
Minimum Investment Rs. 5000 and in multiples of Re. 1 thereafter.
Additional Purchase Rs.1000 and in multiples of Re. 1 thereafter.
Systematic Investment Plan (SIP)
Monthly option -
Rs. 500 and in multiples of Re. 1/- thereafter per month, for at least 12 months or
Rs. 1000 and in multiples of Re. 1/- thereafter per month, for a minimum period of 6 months.
Quarterly option -
Rs. 1500 and in multiples of Re. 1/- per quarter thereafter for a minimum period of 4 quarters.
Investments above the minimum amount mentioned, shall be made in multiples of Re. 1 for all SIP irrespective of frequency of SIP or the Option.
Systematic Transfer Plan (STP)
Minimum balance in the Scheme should be Rs.25,000/- at the time of enrollment.

Sub-options for STP Eligible dates for effect Minimum amount per transfer* Minimum term / duration applicable
Weekly 1st Business day of the week Rs. 1,000/- 12 Installments
Monthly 1st, 5th, 10th, 15th, 20th and 25th of the month Rs. 1,000/- 12 Installments
Quarterly 1st, 5th, 10th, 15th, 20th and 25th day of first month of the each quarter Rs. 2,500/- 4 Installments
(*Multiples of Re.1/- thereafter except under IEAF where STP will be made at a minimum of Rs.500/- and in multiples of Rs.500/- thereafter.)
Systematic Withdrawal Plan (SWP)
Minimum balance in the Scheme should be Rs.25,000/- at the time of enrollment.

Minimum amount for each withdrawal is Rs.1000/- and in multiples of Re.1/- thereafter for a minimum period of 6 months. Withdrawal on 25th of each month or, if 25th is a holiday, then the next effective business day.
Riskometer
This product is suitable for investors who are seeking*:
  • Regular income & capital appreciation through active management for at least medium term horizon
  •  Investments predominantly in AA and below rated corporate bonds across maturity spectrum
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.