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Unrated

IDFC Floating Rate Fund - Regular Plan


Debt: Floater

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 -- 0.01 0.06 0.38 0.91 -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.01 0.07 0.22 0.54 -- -- -- -- -- --
Debt: Floater -- -0.01 0.13 0.56 1.30 -- -- -- -- -- --
Rank within category -- 2 11 10 10 -- -- -- -- -- --
Number of funds in category 8 11 11 10 10 8 7 5 5 5 5

As on 30-Jul-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Floating Rate Fund - Regular Plan
Unrated
Feb-21 -- -- -- 0.75 821
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 5.93 7.84 7.56 0.48 18,740
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 5.61 8.55 7.58 0.57 17,328
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 4.94 7.66 7.53 0.28 15,976
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 4.94 7.66 7.53 0.38 15,976

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.23 20-Apr-2021 - 28-Apr-2021 -0.19 10-Mar-2021 - 17-Mar-2021
Month 0.55 26-Mar-2021 - 27-Apr-2021 0.16 24-Feb-2021 - 26-Mar-2021
Quarter 1.36 15-Mar-2021 - 14-Jun-2021 0.91 30-Apr-2021 - 30-Jul-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.46 0.39 -1.92 -4.74 -- --
Debt: Floater* 7.38 1.24 2.58 4.05 0.69 3.69
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Jun-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 22 23 13 96
Modified Duration (yrs) 0.60 1.03 0.60 1.59
Average Maturity (yrs) 1.33 1.35 0.93 2.53
Yield to Maturity (%) 4.18 4.55 4.18 4.69
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
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 7.89 - 11.97 8.52
equal Kotak Mahindra Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 8.51 8.51
equal National Bank Agr. Rur. Devp 24/02/2022 Commercial Paper A1+ 7.68 - 11.55 8.32
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 5.87 - 8.90 6.31
new 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 6.29 6.29
new 6.59% Summit Digitel Infrastructure 16/06/2026 Debenture AAA 0.00 - 6.08 6.08
new Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 5.99 5.99
new RBL Bank 23/09/2021 Certificate of Deposit A1+ 0.00 - 4.83 4.83
equal 6.51% GOI 2024 GOI Securities SOV 0.00 - 4.81 4.81
equal 5.30% HDFC 2023 Debenture AAA 0.00 - 6.02 4.28
equal Indusind Bank 15/09/2021 Certificate of Deposit A1+ 0.00 - 5.88 4.23
equal Bharti Hexacom 19/01/2024 Non Convertible Debenture AA 0.00 - 4.20 3.01
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 2.41 - 3.65 2.59
equal 7.65% Sikka Ports and Terminals 22/03/2023 Non Convertible Debenture AAA 0.00 - 3.57 2.54
down 6.18% GOI 2024 GOI Securities SOV 0.00 - 5.84 2.50
equal 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 1.85 1.85
equal Axis Bank 2022 Zero Coupon Bonds A1+ 0.00 - 2.56 1.83
equal National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 1.83 1.83
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.00 - 1.82 1.29
equal 9.55% Hindalco Inds. 27/07/2022 Bonds/NCDs AA 0.00 - 1.70 1.27
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 1.27 1.27
down Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 6.57 0.59
equal Others Margin Money -- - 0.34
equal Others Interest Rate Swap -- - 0.05

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 30-Jun-2021

Fund Manager

— Anurag Mittal since 10-Feb-2021

Education: Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.

Experience: Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).

Funds Managed:

— Arvind Subramanian since 10-Feb-2021

Education: Mr. Subramanian is a B.E (Electrical & Electronics Engineering ) and MBA ( Post Graduate Diploma in Management).

Experience: Prior to joining IDFC AMC he worked as a Senior Analyst at ICRA Limited ( Apr. 2009 - Aug. 2011

Funds Managed:

— Suyash Choudhary since 28-Jul-2021

Education: Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.

Experience: Prior to joining IDFC Mutual Fund he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.

Interviews:

Funds Managed:


0.01%

Change from previous, NAV as on 30-Jul-2021

Growth: ₹ 10.1782

IDCW Yearly: ₹ 10.1775

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IDCW Weekly: ₹ 10.0306

IDCW Quarterly: ₹ 10.0687

IDCW Periodic: ₹ 10.1778

IDCW Monthly: ₹ 10.0264

IDCW Daily: ₹ 10.0258


Investment Strategy

The scheme seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instrument.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 18-Feb-2021
Return Since Launch: 1.78%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 821 Cr (As on 30-Jun-2021)
Expense: 0.75% (As on 30-Jun-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily30-Jul-20210.0009

 29-Jul-20210.0011
 27-Jul-20210.0019
 26-Jul-20210.0016
 23-Jul-20210.0014
 22-Jul-20210.0009
 20-Jul-20210.0029
 19-Jul-20210.0023
 16-Jul-20210.0038
 15-Jul-20210.0021
 14-Jul-20210.0026
 13-Jul-20210.0029
 12-Jul-20210.0020
 09-Jul-20210.0011
 08-Jul-20210.0034
 07-Jul-20210.0019
 06-Jul-20210.0004
 05-Jul-20210.0038
 28-Jun-20210.0012
 25-Jun-20210.0008
 24-Jun-20210.0006
 14-Jun-20210.0029
 11-Jun-20210.0010
 10-Jun-20210.0040
 09-Jun-20210.0045
IDCW Monthly29-Jul-20210.0380

 29-Jun-20210.0264
 28-May-20210.0296
 29-Apr-20210.0439
 26-Mar-20210.0088
 26-Feb-20210.0042
IDCW Weekly23-Jul-20210.0074

 16-Jul-20210.0134
 09-Jul-20210.0106
 02-Jul-20210.0024
 25-Jun-20210.0043
 11-Jun-20210.0170
 04-Jun-20210.0046
 28-May-20210.0062
 21-May-20210.0111
 14-May-20210.0019
 07-May-20210.0064
 30-Apr-20210.0128
 23-Apr-20210.0158
 16-Apr-20210.0019
 09-Apr-20210.0117
 31-Mar-20210.0059
 26-Mar-20210.0001
 12-Mar-20210.0010
 05-Mar-20210.0077
 26-Feb-20210.0042
IDCW Quarterly28-Jun-20210.1084

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: http://www.idfcmf.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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