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Unrated

HDFC Floating Rate Debt Fund


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.08 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 1.43 0.07 0.10 0.63 1.24 2.39 7.79 8.05 7.74 8.10 8.48
CCIL T Bill Liquidity Weight 0.70 0.00 0.04 0.16 0.46 0.96 2.19 3.61 3.84 4.28 4.65
Debt: Floater 1.16 0.06 0.10 0.66 1.20 2.02 7.29 7.78 7.41 7.69 8.07
Rank within category 1 3 5 6 4 1 4 2 3 3 2
Number of funds in category 8 10 10 10 8 8 7 5 5 5 5

As on 17-May-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  | Invest Online
Unrated
Oct-07 7.79 8.05 7.74 0.48 17,286
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 6.73 7.92 7.76 0.37 15,239
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 6.73 7.92 7.76 0.28 15,239
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 8.24 8.75 7.77 0.57 14,207
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 8.27 7.80 7.54 1.40 12,481

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.59 24-Mar-2020 - 31-Mar-2020 -0.95 12-Mar-2020 - 19-Mar-2020
Month 2.33 24-Mar-2020 - 23-Apr-2020 -1.03 25-Feb-2020 - 26-Mar-2020
Quarter 4.30 24-Mar-2020 - 24-Jun-2020 0.20 24-Dec-2019 - 24-Mar-2020
Year 10.30 19-Aug-2013 - 19-Aug-2014 4.95 02-Jul-2009 - 02-Jul-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.69 1.09 3.04 5.31 0.56 3.77
CCIL T Bill Liquidity Weight 3.56 0.38 -2.17 -5.20 -- --
Debt: Floater 7.44 1.23 2.53 3.87 0.64 3.58
Rank within category 2 2 1 1 3 3
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 30-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 136 146 85 94
Modified Duration (yrs) 1.23 1.37 0.89 1.39
Average Maturity (yrs) 3.05 3.05 1.14 2.47
Yield to Maturity (%) 4.99 6.21 4.81 4.66
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 GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 8.99 8.56
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 3.94 3.47
equal 6.70% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 0.00 - 2.74 2.31
equal 7.50% Muthoot Finance 16/10/2023 Non Convertible Debenture AA+ 0.00 - 2.15 2.07
equal SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 2.03 1.96
equal Tata Teleservices 364-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.00 1.93
equal 7.25% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 0.00 - 2.06 1.61
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 1.59 - 4.39 1.59
down 7.59% GOI 2026 GOI Securities SOV 1.58 - 6.07 1.58
equal 6.75% Power Finance Corp. 22/05/2023 Debenture AAA 0.00 - 1.70 1.53
down 6.79% GOI 15/05/2027 GOI Securities SOV 1.53 - 4.35 1.53
equal 9.95% Canara Bank Additional Tier 1 Bond AA 0.00 - 1.98 1.52
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 1.41 1.35
equal 8.40% L&T Infrastructre Finance 29/11/2021 Non Convertible Debenture AAA 1.16 - 2.14 1.33
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA- 0.00 - 1.30 1.17
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 2.15 1.13
equal TMF Holdings 352-D 15/10/2021 Commercial Paper A1+ 0.00 - 1.31 1.13
equal 6.99% REC 31/12/2021 Non Convertible Debenture AAA 1.03 - 1.98 1.03
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 1.20 1.03
equal 5.04% IRFC 2023 Debenture AAA 0.00 - 1.06 1.02
equal 5.47% Power Finance Corp. 19/08/2023 Debenture AAA 0.00 - 1.07 1.02
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 0.97 - 1.86 0.97
equal TMF Holdings 354-D 11/02/2022 Commercial Paper A1+ 0.00 - 1.01 0.97
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 1.17 0.90
equal 7.95% REC 2027 Bonds AAA 0.00 - 1.43 0.89

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-Apr-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:


0.07%

Change from previous, NAV as on 17-May-2021

Growth: ₹ 38.2338

IDCW Weekly: ₹ 10.0499

More

IDCW Monthly: ₹ 10.1881

IDCW 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 23-Oct-2007
Return Since Launch: 8.16%
Benchmark: CRISIL Liquid TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 17,286 Cr (As on 30-Apr-2021)
Expense: 0.48% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily12-May-20210.0006

 10-May-20210.0023
 07-May-20210.0046
 06-May-20210.0057
 05-May-20210.0043
 04-May-20210.0038
 03-May-20210.0016
 30-Apr-20210.0077
 29-Apr-20210.0007
 26-Apr-20210.0052
 23-Apr-20210.0085
 20-Apr-20210.0034
 19-Apr-20210.0032
 16-Apr-20210.0025
 12-Apr-20210.0032
 09-Apr-20210.0021
 07-Apr-20210.0033
 06-Apr-20210.0001
 05-Apr-20210.0058
 31-Mar-20210.0093
 26-Mar-20210.0073
 25-Mar-20210.0018
 24-Mar-20210.0054
 23-Mar-20210.0063
 22-Mar-20210.0105
IDCW Weekly10-May-20210.0199

 03-May-20210.0136
 26-Apr-20210.0150
 19-Apr-20210.0057
 12-Apr-20210.0113
 05-Apr-20210.0092
 30-Mar-20210.0335
 08-Mar-20210.0061
 01-Mar-20210.0046
 22-Feb-20210.0004
 15-Feb-20210.0017
 25-Jan-20210.0058
 18-Jan-20210.0268
 11-Jan-20210.0076
 04-Jan-20210.0169
 28-Dec-20200.0151
 21-Dec-20200.0112
 14-Dec-20200.0099
 07-Dec-20200.0114
 01-Dec-20200.0238
 23-Nov-20200.0188
 17-Nov-20200.0167
 09-Nov-20200.0208
 02-Nov-20200.0083
 26-Oct-20200.0143
IDCW Monthly26-Apr-20210.0417

 30-Mar-20210.0447
 22-Feb-20210.0020
 25-Jan-20210.0174
 28-Dec-20200.0479
 01-Dec-20200.0894
 26-Oct-20200.1022
 28-Sep-20200.0468
 31-Aug-20200.0439
 27-Jul-20200.0978
 29-Jun-20200.1109
 26-May-20200.1479
 27-Apr-20200.0774
 24-Feb-20200.0486
 27-Jan-20200.0408
 30-Dec-20190.0371
 25-Nov-20190.0506
 29-Oct-20190.0532
 30-Sep-20190.0490
 26-Aug-20190.0552
 29-Jul-20190.0636
 24-Jun-20190.0433
 27-May-20190.0578
 30-Apr-20190.0531
 25-Mar-20190.0498

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

Last Session

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

Registration Over