| Label |
Element |
Value |
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| Registrant Name |
dei_EntityRegistrantName |
FEDERATED MUNICIPAL BOND FUND INC
|
|
| Prospectus Date |
rr_ProspectusDate |
Jul. 27, 2017
|
|
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| Risk/Return [Heading] |
rr_RiskReturnHeading |
Federated Municipal Bond Fund, Inc. (the "Fund")
|
|
| Objective [Heading] |
rr_ObjectiveHeading |
RISK/RETURN SUMMARY: INVESTMENT OBJECTIVE
|
|
| Objective, Primary [Text Block] |
rr_ObjectivePrimaryTextBlock |
The Fund's investment objective is to provide for its shareholders a high level of current income which is exempt from federal regular income tax.
|
|
| Expense [Heading] |
rr_ExpenseHeading |
RISK/RETURN SUMMARY: FEES AND EXPENSES
|
|
| Expense Narrative [Text Block] |
rr_ExpenseNarrativeTextBlock |
This table describes the fees and expenses that you may pay if you buy and hold Class A Shares (A), Class B Shares (B), Class C Shares (C), Class F Shares (F) or Institutional Shares (IS) of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000, or $1,000,000, in certain classes (e.g., A and F classes, respectively) of Federated funds. More information about these and other discounts is available from your financial professional, in the "What Do Shares Cost?" section of the Prospectus on page 17 and in "Appendix B" to this Prospectus. If you purchase the Fund's IS Shares through a broker acting as an agent on behalf of its customers, you may be required to pay a commission to such broker; such commissions, if any, are not reflected in the Example below.
|
|
| Shareholder Fees Caption [Text] |
rr_ShareholderFeesCaption |
Shareholder Fees (fees paid directly from your investment)
|
|
| Operating Expenses Caption [Text] |
rr_OperatingExpensesCaption |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|
| Fee Waiver or Reimbursement over Assets, Date of Termination |
rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination |
August 1, 2018
|
|
| Fee Waiver Or Reimbursement Over Assets, Later Of Termination Or Next Effective Prospectus |
fmsfi_FeeWaiverOrReimbursementOverAssetsLaterOfTerminationOrNextEffectiveProspectus |
up to but not including the later of (the "Termination Date"): (a) August 1, 2018; or (b) the date of the Fund's next effective Prospectus.
|
|
| Portfolio Turnover [Heading] |
rr_PortfolioTurnoverHeading |
Portfolio Turnover
|
|
| Portfolio Turnover [Text Block] |
rr_PortfolioTurnoverTextBlock |
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 14% of the average value of its portfolio.
|
|
| Portfolio Turnover, Rate |
rr_PortfolioTurnoverRate |
14.00%
|
|
| Expense Breakpoint Discounts [Text] |
rr_ExpenseBreakpointDiscounts |
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000, or $1,000,000, in certain classes (e.g., A and F classes, respectively) of Federated funds.
|
|
| Expense Exchange Traded Fund Commissions [Text] |
rr_ExpenseExchangeTradedFundCommissions |
If you purchase the Fund's IS Shares through a broker acting as an agent on behalf of its customers, you may be required to pay a commission to such broker; such commissions, if any, are not reflected in the Example below.
|
|
| Other Expenses, New Fund, Based on Estimates [Text] |
rr_OtherExpensesNewFundBasedOnEstimates |
Because the Fund's IS shares are new, "Other Expenses" are based on estimated amounts for the current fiscal year.
|
|
| Expense Example [Heading] |
rr_ExpenseExampleHeading |
Example
|
|
| Expense Example Narrative [Text Block] |
rr_ExpenseExampleNarrativeTextBlock |
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 for the time periods indicated and then redeem all of your Shares at the end of those periods. Expenses assuming no redemption are also shown. The Example also assumes that your investment has a 5% return each year and that operating expenses are as shown in the table and remain the same. Although your actual costs and returns may be higher or lower, based on these assumptions your costs would be:
|
|
| Strategy [Heading] |
rr_StrategyHeading |
RISK/RETURN SUMMARY: INVESTMENTS, RISKS and PERFORMANCE
What are the Fund's Main Investment Strategies?
|
|
| Strategy Narrative [Text Block] |
rr_StrategyNarrativeTextBlock |
The Fund's investment objective is to provide for its shareholders a high level of current income which is exempt from federal regular income tax. The Fund pursues its objective by investing its assets so that normally distributions of annual interest income are exempt from federal regular income tax. The Fund's investment adviser ("Adviser") may also invest the Fund's assets in securities whose interest (while exempt from the federal regular income tax) may be subject to (or may be a specific preference item for purposes of) the federal alternative minimum income tax for individuals and corporations (AMT).
The Adviser may lengthen or shorten duration from time to time based on its interest rate outlook, but the Fund has no set duration parameters. Duration measures the price sensitivity of a fixed-income security to changes in interest rates.
The Fund does not limit itself to securities of a particular maturity range.
The Fund also will invest at least a majority of its assets in securities rated investment grade (or unrated securities of comparable quality), and may purchase securities rated below investment grade (or unrated securities of comparable quality), which are also known as junk bonds, up to 49% of its assets. Investment-grade securities are securities that receive investment-grade ratings (i.e., generally ratings in the first, second, third or fourth highest rating category) by a nationally recognized statistical rating organization (NRSRO) or unrated securities of comparable quality. For example, securities rated AAA, AA, A or BBB (including modifiers, sub-categories or gradations) by Standard & Poor's, an NRSRO, would be rated in the first, second, third or fourth ratings category, respectively. Securities rated below investment grade (or noninvestment-grade securities) are securities that do not receive investment-grade ratings (i.e., generally ratings below one of the four highest rating categories) by an NRSRO or unrated securities of comparable quality. For example, securities rated B or BB (including modifiers, sub-categories or gradations) by Standard & Poor's, an NRSRO, would be noninvestment-grade securities. The presence of a ratings modifier, sub-category, or gradation (for example, a (+) or (-)) is intended to show relative standing within the major rating categories and does not affect the security credit rating for purposes of the Fund's investment parameters. The Fund does not have a specific minimum quality rating.
The types of securities in which the Fund may principally invest include tax-exempt securities, such as the following types: general obligation bonds, special revenue bonds, private activity bonds, tax increment financing bonds, municipal leases, zero-coupon securities, inverse floaters, municipal mortgage-backed securities, planned amortization classes, variable rate demand instruments, municipal notes and municipal auction rate securities. Certain of the tax-exempt securities in which the Fund invests may be subject to credit enhancement. The Fund also may principally invest in derivative contracts (such as, for example, futures contracts, options contracts and swap contracts) and hybrid instruments to implement its investment strategies. For example, the Fund may use derivative contracts or hybrid instruments in an attempt to benefit from changes in the value of the underlying instrument(s), to gain exposure to the municipal bond sector, to increase or decrease the effective duration of the Fund's portfolio or to hedge against potential losses.
The Fund also may invest in certain securities or other investments as described herein (such as market discount bonds, credit default swaps and other derivative transactions) that will likely cause the Fund to realize a limited amount of ordinary income or short-term capital gains (which are treated as ordinary income for federal income tax purposes).
The Fund will normally invest its assets so that at least 80% of the income that it distributes will be exempt from federal regular income tax. This policy may not be changed without shareholder approval.
|
|
| Risk [Heading] |
rr_RiskHeading |
What are the Main Risks of Investing in the Fund?
|
|
| Risk Narrative [Text Block] |
rr_RiskNarrativeTextBlock |
All mutual funds take investment risks. Therefore, it is possible to lose money by investing in the Fund. The primary factors that may reduce the Fund's returns include:- Tax-Exempt Securities Risk. The amount of public information available about tax-exempt securities is generally less than for corporate equities or bonds. The secondary market for tax-exempt securities also tends to be less well-developed and less liquid than many other securities markets, which may limit the Fund's ability to sell its tax-exempt securities at attractive prices. Special factors, such as legislative changes, and state and local economic and business developments, may adversely affect the yield and/or value of the Fund's investments in tax-exempt securities. Tax-exempt issuers can and have defaulted on obligations, been downgraded or commenced insolvency proceedings. Like other issuers and securities, the likelihood that the credit risk associated with such issuers and such securities will increase is greater during times of economic stress and financial instability.
- Call Risk. The Fund's performance may be adversely affected by the possibility that an issuer of a security held by the Fund may redeem the security prior to maturity at a price below or above its current market value.
- Credit Enhancement Risk. The securities in which the Fund invests may be subject to credit enhancement (for example, guarantees, letters of credit or bond insurance). If the credit quality of the credit enhancement provider (for example, a bank or bond insurer) is downgraded, the rating on a security credit enhanced by such credit enhancement provider also may be downgraded. Having multiple securities credit enhanced by the same enhancement provider will increase the adverse effects on the Fund that are likely to result from a downgrading of, or a default by, such an enhancement provider. Adverse developments in the banking or bond insurance industries also may negatively affect the Fund.
- Leverage Risk. Leverage risk is created when an investment, which includes, for example, a derivative contract, exposes the Fund to a level of risk that exceeds the amount invested. Changes in the value of such an investment magnify the Fund's risk of loss and potential for gain. Investments can have these same results if their returns are based on a multiple of a specified index, security or other benchmark.
- Liquidity Risk. Certain securities in which the Fund invests may be less readily marketable and may be subject to greater fluctuation in price than other securities. These features may make it more difficult to sell or buy a security at a favorable price or time. Noninvestment-grade securities generally have less liquidity than investment-grade securities. Liquidity risk also refers to the possibility that the Fund may not be able to sell a security or close out a derivative contract when it wants to. Over-the-counter derivative contracts generally carry greater liquidity risk than exchange-traded contracts.
- Prepayment Risk. When homeowners prepay their mortgages in response to lower interest rates, the Fund will be required to reinvest the proceeds at the lower interest rates available. Also, when interest rates fall, the price of municipal mortgage-backed securities may not rise to as great an extent as that of other fixed-income securities.
- Risk of Investing in Derivative Contracts and Hybrid Instruments. Derivative contracts and hybrid instruments involve risks different from, or possibly greater than, risks associated with investing directly in securities and other traditional investments. Specific risk issues related to the use of such contracts and instruments include valuation and tax issues, increased potential for losses and/or costs to the Fund, and a potential reduction in gains to the Fund. Each of these issues is described in greater detail in this Prospectus. Derivative contracts and hybrid instruments may also involve other risks described in this Prospectus, such as interest rate, credit, liquidity and leverage risks.
- Risk Associated with Noninvestment-Grade Securities. The Fund may invest a portion of its assets in securities that are below investment-grade quality (which are also known as junk bonds), which may be subject to greater economic, credit and liquidity risks than investment-grade securities.
- Risk Related to the Economy. The value of the Fund's portfolio may decline in tandem with a drop in the overall value of the markets in which the fund invests and/or the stock market. Economic, political and financial conditions, or industry or economic trends and developments, may, from time to time, and for varying periods of time, cause the Fund to experience volatility, illiquidity, shareholder redemptions or other potentially adverse effects. Among other investments, lower-grade bonds may be particularly sensitive to changes in the economy.
- Sector Risk. A substantial part of the Fund's portfolio may be comprised of securities issued or credit enhanced by companies in similar businesses, or with other similar characteristics. As a result, the Fund will be more susceptible to any economic, business, political or other developments which generally affect these issuers or entities.
- Tax Risk. In order to be tax-exempt, tax-exempt securities must meet certain legal requirements. Failure to meet such requirements may cause the interest received and distributed by the Fund to shareholders to be taxable. The federal income tax treatment of payments in respect of certain derivative contracts is unclear. The Fund also may invest in market discount bonds, enter into credit default swap arrangements and other derivative transactions, and engage in other permissible activities that will likely cause the Fund to realize a limited amount of ordinary income or short-term capital gains (which are treated as ordinary income for federal income tax purposes). Consequently, for each of these reasons, the Fund may receive payments, and make distributions, that are treated as ordinary income for federal income tax purposes. Income from the Fund also may be subject to AMT.
- Issuer Credit Risk. It is possible that interest or principal on securities will not be paid when due. Noninvestment-grade securities generally have a higher default risk than investment-grade securities. Such non-payment or default may reduce the value of the Fund's portfolio holdings, its share price and its performance.
- Counterparty Credit Risk. A party to a transaction involving the Fund may fail to meet its obligations. This could cause the Fund to lose money or to lose the benefit of the transaction or prevent the Fund from selling or buying other securities to implement its investment strategies.
- Interest Rate Risk. Prices of fixed-income securities (including tax-exempt securities) generally fall when interest rates rise. The longer the duration of a fixed-income security, the more susceptible it is to interest rate risk. Recent and potential future changes in monetary policy made by central banks and/or their governments are likely to affect the level of interest rates.
- Technology Risk. The Adviser uses various technologies in managing the Fund, consistent with its investment objective(s) and strategy described in this Prospectus. For example, proprietary and third-party data and systems are utilized to support decision making for the Fund. Data imprecision, software or other technology malfunctions, programming inaccuracies and similar circumstances may impair the performance of these systems, which may negatively affect Fund performance.
The Shares offered by this Prospectus are not deposits or obligations of any bank, are not endorsed or guaranteed by any bank and are not insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
|
|
| Risk Lose Money [Text] |
rr_RiskLoseMoney |
All mutual funds take investment risks. Therefore, it is possible to lose money by investing in the Fund.
|
|
| Risk Not Insured Depository Institution [Text] |
rr_RiskNotInsuredDepositoryInstitution |
The Shares offered by this Prospectus are not deposits or obligations of any bank, are not endorsed or guaranteed by any bank and are not insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
|
|
| Bar Chart and Performance Table [Heading] |
rr_BarChartAndPerformanceTableHeading |
Performance: Bar Chart and Table
Risk/Return Bar Chart
|
|
| Performance Narrative [Text Block] |
rr_PerformanceNarrativeTextBlock |
The bar chart and performance table below reflect historical performance data for the Fund and are intended to help you analyze the Fund's investment risks in light of its historical returns. The bar chart shows the variability of the Fund's A class total returns on a calendar year-by-year basis. The Average Annual Total Return table shows returns for each class averaged over the stated periods, and includes comparative performance information. The Fund's performance will fluctuate, and past performance (before and after taxes) is not necessarily an indication of future results. Updated performance information for the Fund is available under the "Products" section at FederatedInvestors.com or by calling 1-800-341-7400.
|
|
| Performance Information Illustrates Variability of Returns [Text] |
rr_PerformanceInformationIllustratesVariabilityOfReturns |
The bar chart and performance table below reflect historical performance data for the Fund and are intended to help you analyze the Fund's investment risks in light of its historical returns. The bar chart shows the variability of the Fund's A class total returns on a calendar year-by-year basis.
|
|
| Performance Availability Phone [Text] |
rr_PerformanceAvailabilityPhone |
1-800-341-7400
|
|
| Performance Availability Website Address [Text] |
rr_PerformanceAvailabilityWebSiteAddress |
FederatedInvestors.com
|
|
| Performance Past Does Not Indicate Future [Text] |
rr_PerformancePastDoesNotIndicateFuture |
The Fund's performance will fluctuate, and past performance (before and after taxes) is not necessarily an indication of future results.
|
|
| Bar Chart [Heading] |
rr_BarChartHeading |
Federated Municipal Bond Fund, Inc. - A Class
|
|
| Bar Chart Does Not Reflect Sales Loads [Text] |
rr_BarChartDoesNotReflectSalesLoads |
The total returns shown in the bar chart do not reflect the payment of any sales charges or recurring shareholder account fees. If these charges or fees had been included, the returns shown would have been lower.
|
|
| Bar Chart Closing [Text Block] |
rr_BarChartClosingTextBlock |
The total returns shown in the bar chart do not reflect the payment of any sales charges or recurring shareholder account fees. If these charges or fees had been included, the returns shown would have been lower.
The Fund's A class total return for the three-month period from January 1, 2017 to March 31, 2017, was 1.25%.
Within the periods shown in the bar chart, the Fund's A class highest quarterly return was 7.91% (quarter ended September 30, 2009). Its lowest quarterly return was (5.51)% (quarter ended December 31, 2010).
|
|
| Performance Table Heading |
rr_PerformanceTableHeading |
Average Annual Total Return Table
|
|
| Performance Table Market Index Changed |
rr_PerformanceTableMarketIndexChanged |
The Fund's Adviser has elected to change the benchmark from the S&P Municipal Bond Investment Grade Index to the Main Index to reflect the repositioning of the Fund's investment strategy.
|
|
| Performance Table Uses Highest Federal Rate |
rr_PerformanceTableUsesHighestFederalRate |
After-tax returns are calculated using a standard set of assumptions. The stated returns assume the highest historical federal income and capital gains tax rates. These after-tax returns do not reflect the effect of any applicable state and local taxes.
|
|
| Performance Table Not Relevant to Tax Deferred |
rr_PerformanceTableNotRelevantToTaxDeferred |
After-tax returns are not relevant to investors holding Shares through a 401(k) plan, an Individual Retirement Account or other tax-advantaged investment plan.
|
|
| Performance Table One Class of after Tax Shown [Text] |
rr_PerformanceTableOneClassOfAfterTaxShown |
After-tax returns are shown only for A class, and after-tax returns for B, C, F and IS classes will differ from those shown below for A class.
|
|
| Performance Table Narrative |
rr_PerformanceTableNarrativeTextBlock |
The Fund's IS class will commence operations on or about July 27, 2017. For the periods prior to the commencement of operations of the Fund's IS class, the performance information shown below is for the Fund's A class. The performance of the A class has not been adjusted to reflect the expenses applicable to the IS class since the IS class has a lower expense ratio than the expense ratio of the A class. The performance of the A class has been adjusted to remove any voluntary waiver of the Fund expenses related to the A class that may have occurred during the periods prior to the commencement of operations of the IS class.
In addition to Return Before Taxes, Return After Taxes is shown for the Fund's A class to illustrate the effect of federal taxes on Fund returns. After-tax returns are shown only for A class, and after-tax returns for B, C, F and IS classes will differ from those shown below for A class. Actual after-tax returns depend on each investor's personal tax situation, and are likely to differ from those shown. After-tax returns are calculated using a standard set of assumptions. The stated returns assume the highest historical federal income and capital gains tax rates. These after-tax returns do not reflect the effect of any applicable state and local taxes. After-tax returns are not relevant to investors holding Shares through a 401(k) plan, an Individual Retirement Account or other tax-advantaged investment plan. Historical returns do not include the effect of a 1.00% front-end sales charge on C class shares purchased prior to February 1, 2007. Effective February 1, 2007, this sales charge was eliminated.
(For the Periods Ended December 31, 2016)
|
|
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. | A |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice |
4.50%
|
|
| Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) |
rr_MaximumDeferredSalesChargeOverOther |
none
|
|
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) |
rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther |
none
|
|
| Redemption Fee (as a percentage of amount redeemed, if applicable) |
rr_RedemptionFeeOverRedemption |
none
|
|
| Exchange Fee |
rr_ExchangeFeeOverRedemption |
none
|
|
| Management Fee |
rr_ManagementFeesOverAssets |
0.47%
|
|
| Distribution (12b-1) Fee |
rr_DistributionAndService12b1FeesOverAssets |
none
|
|
| Other Expenses |
rr_OtherExpensesOverAssets |
0.47%
|
|
| Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
0.94%
|
|
| Fee Waivers and/or Expense Reimbursements |
rr_FeeWaiverOrReimbursementOverAssets |
(0.10%)
|
[1] |
| Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements |
rr_NetExpensesOverAssets |
0.84%
|
|
| Expense Breakpoint, Minimum Investment Required [Amount] |
rr_ExpenseBreakpointMinimumInvestmentRequiredAmount |
$ 100,000
|
|
| 1 Year |
rr_ExpenseExampleYear01 |
542
|
|
| 3 Years |
rr_ExpenseExampleYear03 |
736
|
|
| 5 Years |
rr_ExpenseExampleYear05 |
947
|
|
| 10 Years |
rr_ExpenseExampleYear10 |
1,553
|
|
| 1 Year |
rr_ExpenseExampleNoRedemptionYear01 |
542
|
|
| 3 Years |
rr_ExpenseExampleNoRedemptionYear03 |
736
|
|
| 5 Years |
rr_ExpenseExampleNoRedemptionYear05 |
947
|
|
| 10 Years |
rr_ExpenseExampleNoRedemptionYear10 |
$ 1,553
|
|
| 2007 |
rr_AnnualReturn2007 |
0.47%
|
|
| 2008 |
rr_AnnualReturn2008 |
(6.74%)
|
|
| 2009 |
rr_AnnualReturn2009 |
13.49%
|
|
| 2010 |
rr_AnnualReturn2010 |
0.59%
|
|
| 2011 |
rr_AnnualReturn2011 |
11.18%
|
|
| 2012 |
rr_AnnualReturn2012 |
8.39%
|
|
| 2013 |
rr_AnnualReturn2013 |
(4.17%)
|
|
| 2014 |
rr_AnnualReturn2014 |
10.03%
|
|
| 2015 |
rr_AnnualReturn2015 |
2.66%
|
|
| 2016 |
rr_AnnualReturn2016 |
0.47%
|
|
| Year to Date Return, Label |
rr_YearToDateReturnLabel |
The Fund's A class total return for the three-month period
|
|
| Bar Chart, Year to Date Return, Date |
rr_BarChartYearToDateReturnDate |
Mar. 31, 2017
|
|
| Bar Chart, Year to Date Return |
rr_BarChartYearToDateReturn |
1.25%
|
|
| Highest Quarterly Return, Label |
rr_HighestQuarterlyReturnLabel |
highest quarterly return
|
|
| Highest Quarterly Return, Date |
rr_BarChartHighestQuarterlyReturnDate |
Sep. 30, 2009
|
|
| Highest Quarterly Return |
rr_BarChartHighestQuarterlyReturn |
7.91%
|
|
| Lowest Quarterly Return, Label |
rr_LowestQuarterlyReturnLabel |
lowest quarterly return
|
|
| Lowest Quarterly Return, Date |
rr_BarChartLowestQuarterlyReturnDate |
Dec. 31, 2010
|
|
| Lowest Quarterly Return |
rr_BarChartLowestQuarterlyReturn |
(5.51%)
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
(4.06%)
|
|
| 5 Years |
rr_AverageAnnualReturnYear05 |
2.41%
|
|
| 10 Years |
rr_AverageAnnualReturnYear10 |
2.96%
|
|
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. | B |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice |
none
|
|
| Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) |
rr_MaximumDeferredSalesChargeOverOther |
5.50%
|
|
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) |
rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther |
none
|
|
| Redemption Fee (as a percentage of amount redeemed, if applicable) |
rr_RedemptionFeeOverRedemption |
none
|
|
| Exchange Fee |
rr_ExchangeFeeOverRedemption |
none
|
|
| Management Fee |
rr_ManagementFeesOverAssets |
0.47%
|
|
| Distribution (12b-1) Fee |
rr_DistributionAndService12b1FeesOverAssets |
0.75%
|
|
| Other Expenses |
rr_OtherExpensesOverAssets |
0.47%
|
|
| Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
1.69%
|
|
| Fee Waivers and/or Expense Reimbursements |
rr_FeeWaiverOrReimbursementOverAssets |
(0.10%)
|
[1] |
| Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements |
rr_NetExpensesOverAssets |
1.59%
|
|
| 1 Year |
rr_ExpenseExampleYear01 |
$ 722
|
|
| 3 Years |
rr_ExpenseExampleYear03 |
933
|
|
| 5 Years |
rr_ExpenseExampleYear05 |
1,118
|
|
| 10 Years |
rr_ExpenseExampleYear10 |
1,799
|
|
| 1 Year |
rr_ExpenseExampleNoRedemptionYear01 |
172
|
|
| 3 Years |
rr_ExpenseExampleNoRedemptionYear03 |
533
|
|
| 5 Years |
rr_ExpenseExampleNoRedemptionYear05 |
918
|
|
| 10 Years |
rr_ExpenseExampleNoRedemptionYear10 |
$ 1,799
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
(5.83%)
|
|
| 5 Years |
rr_AverageAnnualReturnYear05 |
2.13%
|
|
| 10 Years |
rr_AverageAnnualReturnYear10 |
2.72%
|
|
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. | C |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice |
none
|
|
| Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) |
rr_MaximumDeferredSalesChargeOverOther |
1.00%
|
|
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) |
rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther |
none
|
|
| Redemption Fee (as a percentage of amount redeemed, if applicable) |
rr_RedemptionFeeOverRedemption |
none
|
|
| Exchange Fee |
rr_ExchangeFeeOverRedemption |
none
|
|
| Management Fee |
rr_ManagementFeesOverAssets |
0.47%
|
|
| Distribution (12b-1) Fee |
rr_DistributionAndService12b1FeesOverAssets |
0.75%
|
|
| Other Expenses |
rr_OtherExpensesOverAssets |
0.47%
|
|
| Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
1.69%
|
|
| Fee Waivers and/or Expense Reimbursements |
rr_FeeWaiverOrReimbursementOverAssets |
(0.10%)
|
[1] |
| Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements |
rr_NetExpensesOverAssets |
1.59%
|
|
| 1 Year |
rr_ExpenseExampleYear01 |
$ 272
|
|
| 3 Years |
rr_ExpenseExampleYear03 |
533
|
|
| 5 Years |
rr_ExpenseExampleYear05 |
918
|
|
| 10 Years |
rr_ExpenseExampleYear10 |
1.998
|
|
| 1 Year |
rr_ExpenseExampleNoRedemptionYear01 |
172
|
|
| 3 Years |
rr_ExpenseExampleNoRedemptionYear03 |
533
|
|
| 5 Years |
rr_ExpenseExampleNoRedemptionYear05 |
918
|
|
| 10 Years |
rr_ExpenseExampleNoRedemptionYear10 |
$ 1,998
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
(1.44%)
|
|
| 5 Years |
rr_AverageAnnualReturnYear05 |
2.49%
|
|
| 10 Years |
rr_AverageAnnualReturnYear10 |
2.55%
|
|
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. | F |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice |
1.00%
|
|
| Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) |
rr_MaximumDeferredSalesChargeOverOther |
1.00%
|
|
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) |
rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther |
none
|
|
| Redemption Fee (as a percentage of amount redeemed, if applicable) |
rr_RedemptionFeeOverRedemption |
none
|
|
| Exchange Fee |
rr_ExchangeFeeOverRedemption |
none
|
|
| Management Fee |
rr_ManagementFeesOverAssets |
0.47%
|
|
| Distribution (12b-1) Fee |
rr_DistributionAndService12b1FeesOverAssets |
none
|
|
| Other Expenses |
rr_OtherExpensesOverAssets |
0.47%
|
|
| Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
0.94%
|
|
| Fee Waivers and/or Expense Reimbursements |
rr_FeeWaiverOrReimbursementOverAssets |
(0.10%)
|
[1] |
| Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements |
rr_NetExpensesOverAssets |
0.84%
|
|
| Expense Breakpoint, Minimum Investment Required [Amount] |
rr_ExpenseBreakpointMinimumInvestmentRequiredAmount |
$ 1,000,000
|
|
| 1 Year |
rr_ExpenseExampleYear01 |
295
|
|
| 3 Years |
rr_ExpenseExampleYear03 |
497
|
|
| 5 Years |
rr_ExpenseExampleYear05 |
615
|
|
| 10 Years |
rr_ExpenseExampleYear10 |
1,243
|
|
| 1 Year |
rr_ExpenseExampleNoRedemptionYear01 |
195
|
|
| 3 Years |
rr_ExpenseExampleNoRedemptionYear03 |
397
|
|
| 5 Years |
rr_ExpenseExampleNoRedemptionYear05 |
615
|
|
| 10 Years |
rr_ExpenseExampleNoRedemptionYear10 |
$ 1,243
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
(1.63%)
|
|
| 5 Years |
rr_AverageAnnualReturnYear05 |
3.13%
|
|
| 10 Years |
rr_AverageAnnualReturnYear10 |
|
|
| Start of Performance |
rr_AverageAnnualReturnSinceInception |
3.40%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
May 31, 2007
|
|
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. | IS |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice |
none
|
|
| Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) |
rr_MaximumDeferredSalesChargeOverOther |
none
|
|
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) |
rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther |
none
|
|
| Redemption Fee (as a percentage of amount redeemed, if applicable) |
rr_RedemptionFeeOverRedemption |
none
|
|
| Exchange Fee |
rr_ExchangeFeeOverRedemption |
none
|
|
| Management Fee |
rr_ManagementFeesOverAssets |
0.47%
|
|
| Distribution (12b-1) Fee |
rr_DistributionAndService12b1FeesOverAssets |
none
|
|
| Other Expenses |
rr_OtherExpensesOverAssets |
0.23%
|
[2] |
| Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
0.70%
|
|
| Fee Waivers and/or Expense Reimbursements |
rr_FeeWaiverOrReimbursementOverAssets |
(0.11%)
|
[1] |
| Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements |
rr_NetExpensesOverAssets |
0.59%
|
|
| 1 Year |
rr_ExpenseExampleYear01 |
$ 72
|
|
| 3 Years |
rr_ExpenseExampleYear03 |
224
|
|
| 5 Years |
rr_ExpenseExampleYear05 |
390
|
|
| 10 Years |
rr_ExpenseExampleYear10 |
871
|
|
| 1 Year |
rr_ExpenseExampleNoRedemptionYear01 |
72
|
|
| 3 Years |
rr_ExpenseExampleNoRedemptionYear03 |
224
|
|
| 5 Years |
rr_ExpenseExampleNoRedemptionYear05 |
390
|
|
| 10 Years |
rr_ExpenseExampleNoRedemptionYear10 |
$ 871
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
0.47%
|
|
| 5 Years |
rr_AverageAnnualReturnYear05 |
3.35%
|
|
| 10 Years |
rr_AverageAnnualReturnYear10 |
3.43%
|
|
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. | Return After Taxes on Distributions | A |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
(4.06%)
|
|
| 5 Years |
rr_AverageAnnualReturnYear05 |
2.41%
|
|
| 10 Years |
rr_AverageAnnualReturnYear10 |
2.96%
|
|
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. | Return After Taxes on Distributions and Sale of Fund Shares | A |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
(1.05%)
|
|
| 5 Years |
rr_AverageAnnualReturnYear05 |
2.60%
|
|
| 10 Years |
rr_AverageAnnualReturnYear10 |
3.10%
|
|
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. | S&P Municipal Bond Investment Grade Index (reflects no deduction for fees, expenses or taxes) |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
0.46%
|
[3] |
| 5 Years |
rr_AverageAnnualReturnYear05 |
3.32%
|
[3] |
| 10 Years |
rr_AverageAnnualReturnYear10 |
4.17%
|
[3] |
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. | S&P Municipal Bond Index (reflects no deduction for fees, expenses or taxes) |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
0.77%
|
[3],[4] |
| 5 Years |
rr_AverageAnnualReturnYear05 |
3.55%
|
[3],[4] |
| 10 Years |
rr_AverageAnnualReturnYear10 |
4.20%
|
[3],[4] |
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. | S&P Municipal Bond Investment Grade, 3-year plus, Non-AMT Index (reflects no deduction for fees, expenses or taxes) |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
0.40%
|
[5] |
| 5 Years |
rr_AverageAnnualReturnYear05 |
3.77%
|
[5] |
| 10 Years |
rr_AverageAnnualReturnYear10 |
4.59%
|
[5] |
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. | S&P Main 3-Year Plus Index (reflects no deduction for fees, expenses or taxes) |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
0.72%
|
[6] |
| 5 Years |
rr_AverageAnnualReturnYear05 |
4.02%
|
[6] |
| 10 Years |
rr_AverageAnnualReturnYear10 |
4.61%
|
[6] |
| Class A B C F IS Shares | Federated Municipal Bond Fund, Inc. | Morningstar Municipal National Long Funds Average |
|
|
|
| Risk/Return: |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
none
|
[7] |
| 5 Years |
rr_AverageAnnualReturnYear05 |
3.60%
|
[7] |
| 10 Years |
rr_AverageAnnualReturnYear10 |
3.63%
|
[7] |
|
|
