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HDFC Floating Rate Debt Fund - Direct Plan

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Debt: Floater

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.50 0.03 0.16 0.62 1.86 4.09 8.62 7.62 8.18 8.51 --
CCIL T Bill Liquidity Weight 0.24 0.00 0.07 0.28 0.84 1.91 4.21 4.15 4.45 4.78 --
Debt: Floater 0.52 0.03 0.18 0.63 1.79 3.96 8.91 7.63 8.12 8.45 --
Rank within category 5 5 5 4 5 5 5 3 3 3 --
Number of funds in category 7 7 7 7 7 7 6 5 5 5 0

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.51 (09-Nov-2016 - 16-Nov-2016) -0.39 (09-Jul-2013 - 16-Jul-2013)
Month 1.38 (30-Aug-2013 - 01-Oct-2013) -0.07 (17-Apr-2018 - 17-May-2018)
Quarter 3.03 (28-Aug-2013 - 27-Nov-2013) 1.08 (03-Nov-2017 - 02-Feb-2018)
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 7.43 0.76 2.25 3.72 1.78 4.63
CCIL T Bill Liquidity Weight 4.08 0.26 -6.21 -10.52 -- --
Debt: Floater 7.42 0.86 2.38 4.52 1.92 4.85
Rank within category 3 2 4 4 3 4
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 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 99 101 74 93
Modified Duration (yrs) 0.72 0.75 0.56 0.87
Average Maturity (yrs) 0.93 0.96 0.68 1.17
Yield to Maturity (%) 6.23 9.11 6.16 6.88

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.45% LIC Housing Fin. 2020 Non Convertible Debenture AAA 0.00 - 7.14 6.39
equal 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 0.00 - 4.24 3.52
equal 8.05% National Housing Bank 2022 Non Convertible Debenture AAA 3.13 - 4.23 3.36
new Axis Bank 23/12/2020 Non Convertible Debenture A1+ 0.00 - 3.30 3.30
equal 8.43% HDFC 25/02/2020 Bonds/Debentures AAA 0.00 - 3.33 2.98
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 3.15 2.85
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 3.15 2.83
equal 9.00% Union Bank of India 2099 Bonds AA- 2.44 - 3.32 2.68
equal 9.95% Syndicate Bank Debenture A+ 2.25 - 3.08 2.47
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.62 2.45
equal 8.50% National Bank Agr. Rur. Devp 31/01/2022 Non Convertible Debenture AAA 2.25 - 3.09 2.41
equal Shriram City Union Finance 18/03/2020 Non Convertible Debenture AA+ 2.16 - 3.00 2.35
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 3.01 2.35
equal Indusind Bank 19/06/2020 Certificate of Deposit A1+ 0.00 - 2.53 2.29
equal Indusind Bank 20/03/2020 Certificate of Deposit A1+ 0.00 - 2.31 2.09
down Export-Import Bank 27/03/2020 Certificate of Deposit A1+ 0.00 - 4.88 2.09
down National Bank Agr. Rur. Devp 18/02/2020 Commercial Paper A1+ 0.00 - 2.58 1.87
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 2.44 1.80
new Oriental Bank of Com. 24/12/2020 Certificate of Deposit A1+ 0.00 - 1.78 1.78
equal JM Financial Credit Solutions 365-D 28/02/2020 Commercial Paper A1+ 0.00 - 1.84 1.67
up 7.17% GOI 2028 GOI Securities SOV 0.00 - 1.44 1.44
new Punjab National Bank 2020 Certificate of Deposit A1+ 0.00 - 1.89 1.40
equal 8.14% National Housing Bank 27/12/2021 Bonds/NCDs AAA 0.00 - 1.42 1.27
equal 8.40% L&T Infrastructre Finance 29/11/2021 Non Convertible Debenture AAA 0.00 - 1.25 1.18
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 1.71 1.17

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-Dec-2019

Fund Manager

— Shobhit Mehrotra since 01-Jan-2013

Education: He is an MBA from Clemson University, USA.

Experience: Prior to joining HDFC AMC he has worked with Templeton AMC, and ICRA.

Funds Managed:

Invest Online
0.03%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 34.9610

Dividend Weekly: ₹ 10.1471

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Dividend Monthly: ₹ 10.1962

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
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.51%
Benchmark: CRISIL Liquid
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 10,621 Cr (As on 31-Dec-2019)
Expense: 0.23% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Jan-20200.0023

 22-Jan-20200.0022
 21-Jan-20200.0018
 20-Jan-20200.0019
 17-Jan-20200.0036
 16-Jan-20200.0024
 15-Jan-20200.0013
 14-Jan-20200.0012
 10-Jan-20200.0024
 08-Jan-20200.0027
 07-Jan-20200.0019
 06-Jan-20200.0021
 03-Jan-20200.0004
 02-Jan-20200.0029
 01-Jan-20200.0027
 31-Dec-20190.0040
 30-Dec-20190.0013
 27-Dec-20190.0030
 26-Dec-20190.0029
 24-Dec-20190.0020
 23-Dec-20190.0011
 20-Dec-20190.0045
 19-Dec-20190.0040
 18-Dec-20190.0014
 17-Dec-20190.0035
Dividend Weekly20-Jan-20200.0086

 13-Jan-20200.0091
 06-Jan-20200.0115
 30-Dec-20190.0090
 23-Dec-20190.0161
 16-Dec-20190.0027
 02-Dec-20190.0102
 25-Nov-20190.0152
 18-Nov-20190.0163
 11-Nov-20190.0058
 04-Nov-20190.0138
 29-Oct-20190.0123
 22-Oct-20190.0155
 14-Oct-20190.0103
 07-Oct-20190.0158
 30-Sep-20190.0126
 23-Sep-20190.0006
 16-Sep-20190.0104
 09-Sep-20190.0130
 03-Sep-20190.0131
 26-Aug-20190.0141
 19-Aug-20190.0085
 13-Aug-20190.0154
 05-Aug-20190.0177
 29-Jul-20190.0072
Dividend Monthly30-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
 31-Dec-20180.0680
 26-Nov-20180.0527
 29-Oct-20180.0546
 24-Sep-20180.0173
 27-Aug-20180.0429
 30-Jul-20180.0577
 25-Jun-20180.0522
 28-May-20180.0176
 02-May-20180.0437
 26-Mar-20180.0515
 26-Feb-20180.0302
 29-Jan-20180.0360
 26-Dec-20170.0191

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: 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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