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Unrated

IDFC Floating Rate Fund - Regular Plan download report


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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
IDFC Floating Rate Fund Reg-G 0.94 0.00 0.19 0.26 0.07 1.03 2.71 -- -- -- --
CCIL T Bill Liquidity Weight 0.85 0.04 0.07 0.25 0.38 0.89 1.99 -- -- -- --
Debt: Floater 0.86 0.00 0.11 0.07 0.17 0.95 2.74 -- -- -- --
Rank within category 6 9 2 4 8 6 5 -- -- -- --
Number of funds in category 12 12 12 12 12 12 10 7 5 5 5

As on 24-Jun-2022

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  | Invest Online
Unrated
Feb-21 2.71 -- -- 0.80% 785
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 2.98 6.14 6.60 0.48% 18,174
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 1.74 5.82 6.14 1.33% 15,667
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 3.53 6.04 6.61 0.48% 14,069
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 3.54 6.04 6.61 0.28% 14,069

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.30 04-Feb-2022 - 11-Feb-2022 -0.68 02-May-2022 - 09-May-2022
Month 0.55 26-Mar-2021 - 27-Apr-2021 -0.68 06-Apr-2022 - 06-May-2022
Quarter 1.36 15-Mar-2021 - 14-Jun-2021 -0.10 17-Mar-2022 - 16-Jun-2022
Year 3.99 17-Mar-2021 - 17-Mar-2022 2.47 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
IDFC Floating Rate Fund Reg-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.69 0.37 -2.20 -4.41 -- --
Debt: Floater* 5.84 1.49 1.61 3.06 1.28 3.38
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-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 23 29 22 73
Modified Duration (yrs) 1.00 1.04 0.48 --
Average Maturity (yrs) 1.14 1.33 0.68 --
Yield to Maturity (%) 5.66 5.66 3.91 --
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
down 5.63% GOI 2026 GOI Securities SOV 0.00 - 19.85 19.40
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 4.00 - 6.41 6.41
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 3.97 - 6.39 6.39
equal Reliance Jio Infocomm 164-D 20/06/2022 Commercial Paper A1+ 0.00 - 6.35 6.35
new ICICI Bank 22/08/2022 Certificate of Deposit A1+ 0.00 - 6.30 6.30
equal Axis Bank 29/08/2022 Certificate of Deposit A1+ 0.00 - 6.29 6.29
equal HDFC Bank 2022 Certificate of Deposit A1+ 0.00 - 6.25 6.25
equal HDFC Bank 25/07/2022 Certificate of Deposit A1+ 0.00 - 5.06 5.06
equal Reliance Jio Infocomm 157-D 13/06/2022 Commercial Paper A1+ 0.00 - 3.18 3.18
new Reliance Retail Ventures 84-D 17/08/2022 Commercial Paper A1+ 0.00 - 3.15 3.15
equal Bharti Hexacom 19/01/2024 Non Convertible Debenture AA+ 0.00 - 3.13 3.13
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 3.11 3.11
new HDFC 155-D 27/10/2022 Commercial Paper A1+ 0.00 - 3.11 3.11
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 1.64 - 2.60 2.60
equal 7.65% Sikka Ports and Terminals 22/03/2023 Non Convertible Debenture AAA 1.61 - 2.57 2.57
equal 5.69% REC 30/09/2023 Non Convertible Debenture AAA 1.18 - 1.89 1.89
equal 5.74% REC 20/06/2024 Debenture AAA 0.00 - 1.87 1.87
equal 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 1.87 1.87
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.82 - 1.30 1.30
equal 9.55% Hindalco Inds. 27/07/2022 Bonds/NCDs AA+ 0.00 - 1.28 1.28
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.80 - 1.28 1.28
equal 5.30% HDFC 2023 Debenture AAA 1.20 - 4.28 1.26
equal 5.35% National Housing Bank 2024 Debenture AAA 0.00 - 0.62 0.62
equal Others Margin Money -- - 0.10
equal Others Interest Rate Swap -- - 0.00

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-2022

Fund Manager

— 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:


0.00%

Change from previous, NAV as on 24-Jun-2022

Growth: ₹ 10.4118

IDCW Yearly: ₹ 10.0364

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IDCW Weekly: ₹ 10.0196

IDCW Quarterly: ₹ 10.0527

IDCW Periodic: ₹ 10.4119

IDCW Monthly: ₹ 10.0209

IDCW Daily: ₹ 10.0147


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

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

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 18-Feb-2021
Return Since Launch: 3.05%
Benchmark: NIFTY Low Duration Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 785 Cr (As on 31-May-2022)
Expense: 0.80% (As on 31-May-2022)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly29-Apr-20220.0026

 31-Mar-20220.0073
 25-Mar-20220.0092
 17-Mar-20220.0174
 11-Mar-20220.0041
 04-Mar-20220.0009
 25-Feb-20220.0064
 18-Feb-20220.0090
 11-Feb-20220.0254
 28-Jan-20220.0042
 21-Jan-20220.0032
 14-Jan-20220.0097
 31-Dec-20210.0090
 24-Dec-20210.0009
 17-Dec-20210.0053
 10-Dec-20210.0057
 03-Dec-20210.0070
 26-Nov-20210.0057
 18-Nov-20210.0048
 12-Nov-20210.0154
 03-Nov-20210.0030
 22-Oct-20210.0042
 14-Oct-20210.0086
 08-Oct-20210.0040
 01-Oct-20210.0016
IDCW Monthly28-Apr-20220.0027

 30-Mar-20220.0381
 25-Feb-20220.0409
 28-Jan-20220.0198
 30-Dec-20210.0229
 29-Nov-20210.0310
 28-Oct-20210.0171
 29-Sep-20210.0188
 30-Aug-20210.0423
 29-Jul-20210.0380
 29-Jun-20210.0264
 28-May-20210.0296
 29-Apr-20210.0439
 26-Mar-20210.0088
 26-Feb-20210.0042
IDCW Daily07-Apr-20220.0019

 06-Apr-20220.0003
 05-Apr-20220.0022
 04-Apr-20220.0040
 31-Mar-20220.0009
 30-Mar-20220.0042
 29-Mar-20220.0016
 28-Mar-20220.0007
 25-Mar-20220.0024
 24-Mar-20220.0015
 23-Mar-20220.0009
 22-Mar-20220.0009
 21-Mar-20220.0044
 17-Mar-20220.0025
 16-Mar-20220.0030
 15-Mar-20220.0073
 14-Mar-20220.0045
 11-Mar-20220.0007
 10-Mar-20220.0025
 09-Mar-20220.0025
 28-Feb-20220.0018
 25-Feb-20220.0011
 24-Feb-20220.0006
 23-Feb-20220.0017
 22-Feb-20220.0002
IDCW Quarterly28-Mar-20220.0834

 28-Dec-20210.0645
 28-Sep-20210.0973
 28-Jun-20210.1084
IDCW Yearly28-Mar-20220.3750

Contact Information

AMC: IDFC Asset Management Company Limited

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

Fax: 24215052 / 24215051

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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