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Unrated

HDFC Floating Rate Debt Fund - Direct Plan


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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(₹)
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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 4.24 -0.01 0.04 0.27 0.78 2.46 4.81 7.69 7.33 7.90 --
CCIL T Bill Liquidity Weight 1.86 0.01 0.06 0.21 0.45 1.08 2.02 3.22 3.54 3.99 --
Debt: Floater 4.00 -0.01 0.00 0.26 0.72 2.40 4.57 7.63 7.30 7.82 --
Rank within category 3 7 5 5 3 4 2 3 3 4 --
Number of funds in category 8 12 12 12 12 10 8 6 5 5 0

As on 01-Dec-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 4.81 7.69 7.33 0.23% 25,466
Aditya Birla Sun Life Floating Rate Fund - Direct Plan  | Invest Online
Unrated
Jan-13 3.97 7.34 7.21 0.23% 20,161
Nippon India Floating Rate Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.35 8.63 7.54 0.24% 19,899
ICICI Prudential Floating Interest Fund - Direct Plan  | Invest Now
Unrated
Jan-13 5.49 8.30 7.85 0.59% 15,014
Kotak Floating Rate Fund - Direct Plan  | Invest Online
Unrated
May-19 4.77 -- -- 0.22% 9,369

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 4.88 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.46 1.12 3.27 6.13 0.75 4.12
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Floater 7.40 1.27 2.87 5.10 1.03 4.24
Rank within category 3 2 1 1 3 5
Number of funds in category 6 6 6 6 6 6

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 165 171 137 97
Modified Duration (yrs) 1.05 1.36 1.00 --
Average Maturity (yrs) 3.38 3.38 2.36 --
Yield to Maturity (%) 4.84 5.10 4.70 --
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 4.45% GOI 30/10/2034 GOI Securities SOV 0.00 - 8.92 8.92
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 3.28 - 8.99 6.42
new GOI 2028 GOI Securities SOV 0.00 - 3.52 3.52
new HDFC 30/09/2024 Debenture AAA 0.00 - 2.55 2.55
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 3.94 2.36
equal Power Finance Corporation 2024 Floating Rate Debenture AAA 0.00 - 2.28 2.18
equal Reserve Bank of India 91-D 19/11/2021 Treasury Bills SOV 0.00 - 2.25 1.96
equal Reserve Bank of India 91-D 11/11/2021 Treasury Bills SOV 0.00 - 2.20 1.92
equal IDFC First Bank 2022 Certificate of Deposit A1+ 0.00 - 2.56 1.91
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 2.56 1.76
equal 6.70% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 1.59 - 2.72 1.59
equal 4.71% HDFC 2023 Non Convertible Debenture AAA 0.00 - 1.65 1.56
equal 7.50% Muthoot Finance 16/10/2023 Non Convertible Debenture AA+ 0.00 - 2.15 1.40
equal Muthoot Finance 26/08/2024 Debenture AA+ 0.00 - 1.59 1.38
equal Tata Teleservices 364-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.00 1.35
equal SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 2.03 1.35
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.65 - 1.89 1.27
equal 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 0.00 - 1.61 1.27
equal 5.35% LIC Housing Fin. 20/03/2023 Debenture AAA 0.00 - 1.37 1.18
equal 7.25% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 1.10 - 1.89 1.10
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 1.06 - 1.86 1.06
equal 6.75% Power Finance Corporation 22/05/2023 Debenture AAA 1.03 - 1.59 1.03
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.51 - 1.09 0.94
equal REC 13/12/2022 Debenture AAA 0.12 - 0.96 0.91
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 1.41 0.90

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-Oct-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:


-0.01%

Change from previous, NAV as on 01-Dec-2021

Growth: ₹ 39.6632

IDCW Weekly: ₹ 10.0422

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IDCW Monthly: ₹ 10.1464

IDCW Daily: ₹ 10.0798


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: 8.20%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 25,466 Cr (As on 31-Oct-2021)
Expense: 0.23% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily29-Nov-20210.0027

 25-Nov-20210.0020
 24-Nov-20210.0008
 23-Nov-20210.0002
 22-Nov-20210.0006
 18-Nov-20210.0049
 17-Nov-20210.0008
 16-Nov-20210.0011
 15-Nov-20210.0005
 12-Nov-20210.0037
 10-Nov-20210.0008
 09-Nov-20210.0006
 08-Nov-20210.0034
 03-Nov-20210.0016
 22-Oct-20210.0024
 21-Oct-20210.0016
 12-Oct-20210.0049
 11-Oct-20210.0056
 08-Oct-20210.0066
 07-Oct-20210.0031
 01-Oct-20210.0035
 30-Sep-20210.0034
 29-Sep-20210.0005
 28-Sep-20210.0017
 27-Sep-20210.0007
IDCW Monthly29-Nov-20210.0205

 25-Oct-20210.0365
 27-Sep-20210.0278
 30-Aug-20210.0676
 26-Jul-20210.0526
 28-Jun-20210.0402
 31-May-20210.0668
 26-Apr-20210.0436
 30-Mar-20210.0474
 22-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
IDCW Weekly29-Nov-20210.0030

 22-Nov-20210.0073
 15-Nov-20210.0084
 08-Nov-20210.0016
 25-Oct-20210.0050
 18-Oct-20210.0094
 11-Oct-20210.0097
 04-Oct-20210.0108
 20-Sep-20210.0063
 13-Sep-20210.0081
 06-Sep-20210.0143
 30-Aug-20210.0108
 23-Aug-20210.0141
 17-Aug-20210.0220
 09-Aug-20210.0095
 02-Aug-20210.0103
 26-Jul-20210.0087
 19-Jul-20210.0253
 12-Jul-20210.0098
 05-Jul-20210.0082
 28-Jun-20210.0041
 14-Jun-20210.0188
 07-Jun-20210.0168
 31-May-20210.0051
 24-May-20210.0160

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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