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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 -- 0.02 -0.03 0.29 1.29 -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.03 0.03 0.18 0.53 -- -- -- -- -- --
Debt: Floater -- 0.04 -0.07 0.40 1.73 -- -- -- -- -- --
Rank within category -- 8 3 9 7 -- -- -- -- -- --
Number of funds in category 8 10 10 10 9 8 7 5 5 5 5

As on 18-Jun-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 -- -- -- 0.75 887
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 6.96 7.95 7.70 0.48 17,250
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 7.04 8.73 7.75 0.57 15,676
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 5.71 7.77 7.69 0.28 14,324
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 5.71 7.77 7.69 0.38 14,324

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 0.99 03-Mar-2021 - 02-Jun-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.52 0.39 -2.00 -4.76 -- --
Debt: Floater* 7.49 1.22 2.64 4.01 0.62 3.67
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 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 23 23 13 96
Modified Duration (yrs) 0.90 1.03 0.83 1.44
Average Maturity (yrs) 1.35 1.35 0.93 2.73
Yield to Maturity (%) 4.20 4.55 4.20 4.74
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 7.89
new Kotak Mahindra Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 7.87 7.87
equal National Bank Agr. Rur. Devp 24/02/2022 Commercial Paper A1+ 7.68 - 11.55 7.68
new Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 6.57 6.57
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 5.87 - 8.90 5.87
up 6.18% GOI 2024 GOI Securities SOV 0.00 - 5.84 5.84
new 6.51% GOI 2024 GOI Securities SOV 0.00 - 4.45 4.45
equal 5.30% HDFC 2023 Debenture AAA 0.00 - 6.02 3.98
equal Indusind Bank 15/09/2021 Certificate of Deposit A1+ 0.00 - 5.88 3.90
equal 6.72% Power Finance Corporation 2023 Debenture AAA 2.92 - 5.31 2.92
new 5.79% REC 20/03/2024 Debenture AAA 0.00 - 2.86 2.86
new 5.35% LIC Housing Fin. 20/03/2023 Debenture AAA 0.00 - 4.29 2.84
new 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 2.84 2.84
equal Bharti Hexacom 19/01/2024 Non Convertible Debenture AA 0.00 - 4.20 2.80
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 2.41 - 3.65 2.41
equal 7.65% Sikka Ports and Terminals 22/03/2023 Non Convertible Debenture AAA 0.00 - 3.57 2.36
new 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 1.72 1.72
new National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 1.70 1.70
equal Axis Bank 2022 Zero Coupon Bonds A1+ 0.00 - 2.56 1.69
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.00 - 1.82 1.20
new 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 1.18 1.18
equal 9.55% Hindalco Inds. 27/07/2022 Bonds/NCDs AA 0.00 - 1.70 1.18
equal Bank of Baroda 2021 Certificate of Deposit A1+ 1.13 - 1.70 1.13
equal Others Margin Money -- - 0.08
equal Others Interest Rate Swap -- - -0.01

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-May-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:


0.02%

Change from previous, NAV as on 18-Jun-2021

Growth: ₹ 10.1310

IDCW Yearly: ₹ 10.1303

More

IDCW Weekly: ₹ 10.0220

IDCW Quarterly: ₹ 10.1303

IDCW Periodic: ₹ 10.1306

IDCW Monthly: ₹ 10.0441

IDCW Daily: ₹ 10.0200


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: 1.31%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 887 Cr (As on 31-May-2021)
Expense: 0.75% (As on 31-May-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.0029

 11-Jun-20210.0010
 10-Jun-20210.0040
 09-Jun-20210.0045
 08-Jun-20210.0020
 07-Jun-20210.0056
 04-Jun-20210.0027
 03-Jun-20210.0014
 31-May-20210.0003
 27-May-20210.0013
 25-May-20210.0022
 24-May-20210.0029
 20-May-20210.0017
 19-May-20210.0024
 18-May-20210.0037
 12-May-20210.0005
 11-May-20210.0025
 10-May-20210.0017
 06-May-20210.0029
 05-May-20210.0008
 03-May-20210.0033
 30-Apr-20210.0040
 29-Apr-20210.0018
 28-Apr-20210.0013
 27-Apr-20210.0034
IDCW Weekly11-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 Monthly28-May-20210.0296

 29-Apr-20210.0439
 26-Mar-20210.0088
 26-Feb-20210.0042

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

Last Session

Investors' Hangout

Your investment strategy after the debt fund fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM

Registration Over