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Unrated

HDFC Floating Rate Debt Fund - Direct Plan

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Debt: Floater

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1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.

They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.29 0.04 0.10 0.31 0.86 3.01 8.28 8.24 8.09 8.38 --
CCIL T Bill Liquidity Weight 0.31 0.01 0.04 0.19 0.48 1.05 2.85 3.72 3.95 4.39 --
Debt: Floater 0.05 0.03 0.10 0.16 0.63 2.45 7.85 8.18 8.06 8.32 --
Rank within category 4 4 5 1 4 2 4 3 4 4 --
Number of funds in category 8 9 9 8 8 7 7 5 5 5 0

As on 03-Mar-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Floating Rate Debt Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 8.28 8.24 8.09 0.23 16,001
Nippon India Floating Rate Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 8.93 8.79 8.37 0.22 16,057
ICICI Prudential Floating Interest Fund - Direct Plan  | Invest Now
Unrated
 Jan-13 9.07 8.77 8.71 0.68 13,323
Aditya Birla Sun Life Floating Rate Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 7.10 8.03 8.18 0.23 9,684
Kotak Floating Rate Fund - Direct Plan  | Invest Online
Unrated
 May-19 8.64 -- -- 0.22 4,721

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.60 24-Mar-2020 - 31-Mar-2020 -0.95 12-Mar-2020 - 19-Mar-2020
Month 2.34 24-Mar-2020 - 23-Apr-2020 -1.01 25-Feb-2020 - 26-Mar-2020
Quarter 4.35 24-Mar-2020 - 24-Jun-2020 0.24 24-Dec-2019 - 24-Mar-2020
Year 10.35 19-Aug-2013 - 19-Aug-2014 6.25 26-Sep-2017 - 26-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.95 1.15 2.93 4.86 0.62 3.93
CCIL T Bill Liquidity Weight 3.68 0.37 -2.46 -5.24 -- --
Debt: Floater 7.89 1.28 2.70 3.98 0.74 3.97
Rank within category 3 2 2 1 3 3
Number of funds in category 5 5 5 5 5 5

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 28-Feb-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 134 139 84 110
Modified Duration (yrs) 1.12 1.39 0.89 --
Average Maturity (yrs) 2.63 2.63 1.14 --
Yield to Maturity (%) 4.98 7.21 4.81 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 6.34 6.34
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 3.94 3.75
equal 6.70% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 0.00 - 2.74 2.52
equal 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 2.33 - 4.21 2.33
equal 6.79% GOI 15/05/2027 GOI Securities SOV 2.31 - 8.20 2.31
equal 7.50% Muthoot Finance 16/10/2023 Non Convertible Debenture AA 0.00 - 2.43 2.21
equal Tata Teleservices 364-D 01/03/2021 Commercial Paper A1+ 0.00 - 3.69 2.18
equal 7.59% GOI 2026 GOI Securities SOV 1.92 - 6.07 2.04
equal 9.00% Union Bank of India 2099 Bonds AA- 1.82 - 3.14 1.82
equal 7.25% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 0.00 - 2.06 1.75
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.00 - 4.39 1.72
equal 9.95% Canara Bank Debenture AA 0.00 - 1.98 1.67
equal 8.40% L&T Infrastructre Finance 29/11/2021 Non Convertible Debenture AAA 1.13 - 2.14 1.44
equal 6.75% Power Finance Corp. 22/05/2023 Debenture AAA 0.00 - 1.70 1.42
equal Adani Ports and Special Economic Zone 166-D 16/03/2021 Commercial Paper A1+ 0.00 - 1.36 1.24
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA- 0.00 - 1.30 1.22
equal TMF Holdings 364-D 09/09/2021 Commercial Paper A1+ 0.00 - 1.42 1.21
equal TMF Holdings 352-D 15/10/2021 Commercial Paper A1+ 0.00 - 1.31 1.20
equal Aditya Birla Finance 18/05/2021 Zero Coupon Bonds AAA 0.00 - 1.73 1.18
equal 6.99% REC 31/12/2021 Non Convertible Debenture AAA 0.00 - 1.98 1.12
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 1.20 1.11
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 0.00 - 1.86 1.05
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 1.17 0.98
equal 7.95% REC 2027 Bonds AAA 0.00 - 1.43 0.97
equal 6.65% Grasim Industries 17/02/2023 Non Convertible Debenture AAA 0.00 - 1.16 0.97

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2021

Fund Manager

— Vikash Agarwal since 01-Jul-2020

Education: Mr. Agarwal is a B.Com., CA, CFA

Experience: Prior to joining HDFC AMC, he has worked with Larsen & Toubro Ltd.

Funds Managed:

Invest Online
0.04%

Change from previous, NAV as on 03-Mar-2021

Growth: ₹ 38.1594

Dividend Weekly: ₹ 10.0467

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Dividend Monthly: ₹ 10.1561

Dividend Daily: ₹ 10.0809

Investment Strategy

The scheme seeks to generate income / capital appreciation through investment in a portfolio comprising substantially of floating rate debt, fixed rate debt instruments swapped for floating rate returns and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.47%
Benchmark: CRISIL Liquid TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 16,001 Cr (As on 31-Jan-2021)
Expense: 0.23% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily02-Mar-20210.0036

 01-Mar-20210.0021
 07-Jan-20210.0029
 06-Jan-20210.0043
 05-Jan-20210.0006
 04-Jan-20210.0041
 01-Jan-20210.0061
 31-Dec-20200.0057
 30-Dec-20200.0013
 29-Dec-20200.0038
 28-Dec-20200.0004
 24-Dec-20200.0066
 23-Dec-20200.0029
 22-Dec-20200.0042
 21-Dec-20200.0020
 18-Dec-20200.0026
 17-Dec-20200.0045
 16-Dec-20200.0011
 15-Dec-20200.0022
 14-Dec-20200.0012
 11-Dec-20200.0019
 09-Dec-20200.0057
 08-Dec-20200.0015
 07-Dec-20200.0012
 04-Dec-20200.0060
Dividend Weekly01-Mar-20210.0051

 22-Feb-20210.0009
 15-Feb-20210.0031
 25-Jan-20210.0063
 18-Jan-20210.0273
 11-Jan-20210.0081
 04-Jan-20210.0174
 28-Dec-20200.0156
 21-Dec-20200.0117
 14-Dec-20200.0103
 07-Dec-20200.0118
 01-Dec-20200.0244
 23-Nov-20200.0193
 17-Nov-20200.0172
 09-Nov-20200.0213
 02-Nov-20200.0088
 26-Oct-20200.0147
 19-Oct-20200.0233
 12-Oct-20200.0412
 05-Oct-20200.0240
 28-Sep-20200.0108
 21-Sep-20200.0124
 14-Sep-20200.0177
 07-Sep-20200.0275
 31-Aug-20200.0242
Dividend Monthly22-Feb-20210.0040

 25-Jan-20210.0192
 28-Dec-20200.0498
 01-Dec-20200.0918
 26-Oct-20200.1015
 28-Sep-20200.0487
 31-Aug-20200.0463
 27-Jul-20200.0999
 29-Jun-20200.1125
 26-May-20200.1493
 27-Apr-20200.0801
 24-Feb-20200.0494
 27-Jan-20200.0416
 30-Dec-20190.0381
 25-Nov-20190.0514
 29-Oct-20190.0541
 30-Sep-20190.0501
 26-Aug-20190.0560
 29-Jul-20190.0647
 24-Jun-20190.0442
 27-May-20190.0586
 30-Apr-20190.0542
 25-Mar-20190.0506
 25-Feb-20190.0408
 28-Jan-20190.0491

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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