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Unrated

HDFC Floating Rate Debt Fund


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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.

However, 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.

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 7.53 0.05 0.20 1.06 1.85 5.40 9.04 8.09 8.11 8.46 8.66
CCIL T Bill Liquidity Weight 2.68 0.01 0.05 0.22 0.58 1.34 3.27 3.94 4.14 4.58 4.76
Debt: Floater 7.59 0.06 0.22 1.04 1.57 5.34 8.92 7.77 7.78 8.06 8.25
Rank within category 4 5 4 3 3 4 4 3 2 3 2
Number of funds in category 7 7 7 7 7 7 7 5 5 5 5

As on 20-Oct-2020

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 9.04 8.09 8.11 0.48 13,351
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 11.13 8.14 8.09 0.57 12,372
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 9.22 7.76 7.91 1.31 9,844
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 8.81 8.15 8.31 0.36 7,110
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 8.81 8.15 8.31 0.28 7,110

Best & Worst Performance

Best (Period) Worst (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 7.68 1.08 2.43 4.75 0.33 2.99
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Floater 7.40 1.19 2.09 3.94 0.34 2.73
Rank within category 2 3 2 2 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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 124 129 74 95
Modified Duration (yrs) 1.28 1.39 0.64 1.78
Average Maturity (yrs) 2.06 2.15 0.84 2.23
Yield to Maturity (%) 5.48 7.21 5.48 5.32
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 6.79% GOI 15/05/2027 GOI Securities SOV 1.82 - 8.20 3.05
equal 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 2.83 - 4.24 2.83
equal 7.59% GOI 2026 GOI Securities SOV 0.82 - 6.07 2.68
equal Axis Bank 23/12/2020 Non Convertible Debenture A1+ 0.00 - 3.90 2.63
equal Tata Teleservices 364-D 01/03/2021 Commercial Paper A1+ 0.00 - 3.69 2.55
up 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.00 - 4.39 2.45
equal Tata Motors 207-D 27/11/2020 Commercial Paper A1+ 0.00 - 3.24 2.23
equal 9.00% Union Bank of India 2099 Bonds AA- 2.15 - 3.14 2.15
new 7.25% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 0.00 - 2.06 2.06
equal National Bank Agr. Rur. Devp 21/01/2021 Commercial Paper A1+ 0.00 - 3.24 2.04
equal 9.95% Canara Bank Debenture AA 0.00 - 1.98 1.98
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 2.62 1.74
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 3.05 1.72
equal 8.40% L&T Infrastructre Finance 29/11/2021 Non Convertible Debenture AAA 0.00 - 2.14 1.72
up 6.75% Power Finance Corp. 22/05/2023 Debenture AAA 0.00 - 1.70 1.70
up 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 2.15 1.55
new 6.80% State Bank of India 21/08/2035 Non Convertible Debenture AAA 0.00 - 1.50 1.50
new Grasim Industries 91-D 09/12/2020 Commercial Paper A1+ 0.00 - 1.49 1.49
equal National Bank Agr. Rur. Devp 14/01/2021 Commercial Paper A1+ 0.00 - 2.18 1.48
equal Federal Bank 2021 Certificate of Deposit A1+ 0.00 - 2.17 1.48
new TMF Holdings 364-D 09/09/2021 Commercial Paper A1+ 0.00 - 1.42 1.42
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 2.12 1.42
equal Aditya Birla Finance 18/05/2021 Zero Coupon Bonds AAA 0.00 - 1.73 1.39
equal 6.99% REC 31/12/2021 Non Convertible Debenture AAA 0.00 - 1.98 1.35
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 0.00 - 1.86 1.27

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-Sep-2020

Fund Manager

— Shobhit Mehrotra since 23-Oct-2007

Education: He is an MBA from Clemson University, USA.

Experience: Prior to joining HDFC AMC he has worked with Templeton AMC, and ICRA.

Funds Managed:


0.05%

Change from previous, NAV as on 20-Oct-2020

Growth: ₹ 37.1370

Dividend Weekly: ₹ 10.0852

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Dividend Monthly: ₹ 10.2371

Dividend 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
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 23-Oct-2007
Return Since Launch: 8.29%
Benchmark: CRISIL Liquid
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 13,351 Cr (As on 30-Sep-2020)
Expense: 0.48% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily16-Oct-20200.0065

 14-Oct-20200.0042
 13-Oct-20200.0043
 12-Oct-20200.0078
 09-Oct-20200.0069
 08-Oct-20200.0212
 07-Oct-20200.0052
 06-Oct-20200.0049
 05-Oct-20200.0025
 01-Oct-20200.0089
 30-Sep-20200.0059
 29-Sep-20200.0052
 28-Sep-20200.0034
 25-Sep-20200.0031
 24-Sep-20200.0008
 22-Sep-20200.0017
 21-Sep-20200.0048
 18-Sep-20200.0043
 17-Sep-20200.0023
 03-Sep-20200.0020
 02-Sep-20200.0069
 01-Sep-20200.0043
 31-Aug-20200.0162
 28-Aug-20200.0044
 19-Aug-20200.0015
Dividend Weekly12-Oct-20200.0408

 05-Oct-20200.0235
 28-Sep-20200.0103
 21-Sep-20200.0119
 14-Sep-20200.0173
 07-Sep-20200.0269
 31-Aug-20200.0238
 24-Aug-20200.0177
 17-Aug-20200.0097
 10-Aug-20200.0144
 03-Aug-20200.0135
 27-Jul-20200.0035
 20-Jul-20200.0131
 13-Jul-20200.0453
 06-Jul-20200.0356
 29-Jun-20200.0350
 22-Jun-20200.0551
 15-Jun-20200.0130
 08-Jun-20200.0048
 01-Jun-20200.0024
 26-May-20200.0626
 18-May-20200.0418
 11-May-20200.0262
 04-May-20200.0130
 20-Apr-20200.0544
Dividend Monthly28-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
 25-Feb-20190.0400
 28-Jan-20190.0483
 31-Dec-20180.0670
 26-Nov-20180.0519
 29-Oct-20180.0535
 24-Sep-20180.0165
 27-Aug-20180.0420

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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