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Unrated

HDFC Floating Rate Debt Fund 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
HDFC Floating Rate Debt-G 0.90 0.01 0.15 -0.01 0.17 0.98 2.98 6.14 6.60 7.13 7.76
CCIL T Bill Liquidity Weight 0.85 0.04 0.07 0.25 0.38 0.89 1.99 2.71 3.30 3.69 4.25
Debt: Floater 0.86 0.00 0.11 0.07 0.17 0.95 2.74 5.82 6.28 6.78 7.36
Rank within category 7 6 4 9 7 8 3 2 2 2 2
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)
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 - Retail Plan  | Invest Online
Unrated
Jun-03 3.54 6.04 6.61 0.28% 14,069
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 3.53 6.04 6.61 0.48% 14,069
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 2.91 6.72 6.59 0.61% 13,473

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 0.07 25-Mar-2022 - 24-Jun-2022
Year 10.30 19-Aug-2013 - 19-Aug-2014 2.94 21-Jun-2021 - 21-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
HDFC Floating Rate Debt-G 6.16 1.25 2.14 4.10 1.15 3.60
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 2 4 1 1 4 3
Number of funds in category 7 7 7 7 7 7

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

As on 31-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 110 171 110 73
Modified Duration (yrs) 0.95 1.25 0.92 --
Average Maturity (yrs) 3.67 3.97 2.60 --
Yield to Maturity (%) 6.27 6.27 4.70 --
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
up 4.45% GOI 30/10/2034 GOI Securities SOV 0.00 - 12.67 12.67
new Reserve Bank of India 182-D 24/11/2022 Treasury Bills SOV 0.00 - 5.36 5.36
equal GOI 2028 GOI Securities SOV 0.00 - 5.45 5.12
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 4.65 - 8.01 4.73
equal HDFC 30/09/2024 Debenture AAA 0.00 - 3.74 3.59
equal Power Finance Corporation 2024 Floating Rate Debenture AAA 0.00 - 3.16 3.05
equal Panatone Finvest 364-D 30/01/2023 Commercial Paper A1+ 0.00 - 3.02 2.90
equal REC 31/10/2024 Non Convertible Debenture AAA 0.00 - 2.44 2.37
equal 6.70% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 1.59 - 2.33 2.19
equal Muthoot Finance 26/08/2024 Debenture AA+ 0.00 - 2.04 1.95
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 1.27 - 1.84 1.73
equal 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 0.00 - 1.86 1.73
equal TMF Holdings 30/12/2024 Non Convertible Debenture AA- 0.00 - 1.72 1.64
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 1.06 - 1.53 1.44
equal 6.75% Power Finance Corporation 22/05/2023 Debenture AAA 1.03 - 1.49 1.41
equal 7.50% Muthoot Finance 16/10/2023 Non Convertible Debenture AA+ 1.36 - 1.91 1.38
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.51 - 1.36 1.29
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 1.16 1.10
equal 4.71% HDFC 2023 Non Convertible Debenture AAA 0.00 - 1.91 1.08
equal 7.70% TMF Holdings 25/02/2025 Debenture AA- 0.00 - 1.15 1.07
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.73 - 1.05 0.99
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.69 - 1.01 0.95
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.69 - 1.01 0.95
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.68 - 0.99 0.94
equal 7.72% GOI 25/05/2025 Central Government Loan SOV 0.00 - 1.01 0.93

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

— 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 Franklin Templeton AMC, and ICRA.

Funds Managed:

— 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:


0.01%

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

Growth: ₹ 39.5960

IDCW Weekly: ₹ 10.0066

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IDCW Monthly: ₹ 10.1243

IDCW Daily: ₹ 10.0472


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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. 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: 7.78%
Benchmark: NIFTY Low Duration Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 18,174 Cr (As on 31-May-2022)
Expense: 0.48% (As on 31-May-2022)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly02-May-20220.0139

 25-Apr-20220.0143
 04-Apr-20220.0108
 28-Mar-20220.0166
 21-Mar-20220.0141
 14-Feb-20220.0160
 31-Jan-20220.0043
 24-Jan-20220.0140
 17-Jan-20220.0147
 10-Jan-20220.0013
 03-Jan-20220.0040
 13-Dec-20210.0044
 06-Dec-20210.0070
 29-Nov-20210.0025
 22-Nov-20210.0068
 15-Nov-20210.0080
 08-Nov-20210.0006
 25-Oct-20210.0045
 18-Oct-20210.0090
 11-Oct-20210.0092
 04-Oct-20210.0098
 20-Sep-20210.0058
 13-Sep-20210.0076
 06-Sep-20210.0138
 30-Aug-20210.0104
IDCW Daily29-Apr-20220.0050

 28-Apr-20220.0033
 27-Apr-20220.0008
 26-Apr-20220.0023
 25-Apr-20220.0027
 22-Apr-20220.0060
 21-Apr-20220.0050
 20-Apr-20220.0006
 06-Apr-20220.0012
 05-Apr-20220.0003
 04-Apr-20220.0013
 31-Mar-20220.0045
 30-Mar-20220.0039
 29-Mar-20220.0024
 25-Mar-20220.0019
 24-Mar-20220.0093
 22-Mar-20220.0020
 21-Mar-20220.0034
 17-Mar-20220.0096
 16-Mar-20220.0033
 15-Mar-20220.0011
 14-Feb-20220.0001
 11-Feb-20220.0050
 10-Feb-20220.0023
 09-Feb-20220.0089
IDCW Monthly25-Apr-20220.0253

 28-Mar-20220.0405
 28-Feb-20220.0069
 31-Jan-20220.0434
 27-Dec-20210.0068
 29-Nov-20210.0181
 25-Oct-20210.0344
 27-Sep-20210.0260
 30-Aug-20210.0651
 26-Jul-20210.0507
 28-Jun-20210.0382
 31-May-20210.0644
 26-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

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: Ground Floor, Mafatlal House, H.T Parekh Marg 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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