Bandhan Floating Rate Fund Direct Growth
Debt
Direct
Floating Rate
NAV: ₹ 11 as on 21-03-2023
Fund Performance
1 people have invested ₹ 1000 in mutual fund in the last three months
Fund Insights
In the last 1 year, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 6.35% return, outperforming Bandhan Floating Rate Fund Direct Growth by 1.62%
Bandhan Floating Rate Fund Direct Growth has one of the lowest expense ratio in the category (floating rate). Its expense ratio is 0.34% which is lower than the category average expense ratio of 0.62%
Bandhan Floating Rate Fund Direct Growth Performance as on (21-Mar-23)
About the Fund
Bandhan Floating Rate Fund Direct Growth is a debt fund. This fund was started on 22 February, 2021. The fund is managed by Suyash Choudhary. This fund is suitable to keep your money safe.
Key parameters
1) Bandhan Floating Rate Fund Direct Growth has a NAV of ₹10.9518 as on 21-03-2023.
2) Bandhan Floating Rate Fund Direct Growth has ₹307 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.
3) The fund has an expense ratio 0.34 %.
Bandhan Floating Rate Fund Direct Growth Overview
 | 0.34% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹307 Cr |
 | 22 February, 2021 |
 | ₹1000/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 500.43% |
Fund Distribution as on (28-Feb-23)
Credit rating breakup
AAA
100%
Sector Allocation
Government
65%
Corporate
24.4%
Cash Equivalent
10.6%
Top Holdings of Bandhan Floating Rate Fund Direct Growth as on (28-Feb-23)
Debt Holdings19
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 5.63 4/12/2026 12:00:00 Am | 13.96% | 0% | |
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | 9.44% | 0% | |
Canara Bank | 7.85% | 100% | |
Export-Import Bank Of India | 7.85% | -50% | |
Axis Bank Limited | 7.83% | 0% |
See all
Bandhan Floating Rate Fund Direct Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.37% whereas the fund’s underlying benchmark Floating Rate Index returns stands at 0.46% as on Feb'23
- This fund underperformed Floating Rate Index by 0.09% in Feb'23
AUM Change
- AUM of the fund stands at 307 Cr as of Feb'23
- AUM decreased by 35.7 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
Rec Limited's allocation increased from 3.76% to 4.39%
Rural Electrification Corporation Limited's allocation increased from 3.72% to 4.34%
Larsen And Toubro Limited's allocation increased from 2.54% to 2.96%
Cash allocation has gone down from 77.3% to 70%
Debt allocation has gone up from 22.7% to 30%
Top 2 Sectors in February were Corporate, Government
Feb'23
Government
65%
Corporate
24%
Jan'23
Corporate
43%
Government
41%
Peer Analysis
Bandhan Floating Rate Fund Direct Growth Fund Manager
Suyash Choudhary
Fund Manager of Bandhan Floating Rate Fund Direct Growth, since 28 July 2021
Top funds managed
Fund Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 4.47% since inception which is less than its category average return of 4.9%
AUM size ₹307 Cr
This fund has AUM of ₹307 Cr which is less than its category average of ₹ 5036 Cr
Expense Ratio 0.34%
This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.56%
Frequently Asked Questions
The current NAV of Bandhan Floating Rate Fund Direct Growth is 10.95 as on 20-Mar-2023.
Existing (Absolute + CAGR)
Bandhan Floating Rate Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.58% | 0.58% |
6 Month Returns | 3.04% | 3.04% |
1 Year Returns | 4.66% | 4.66% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.34 as on February 2023
307 Cr as on February 2023
Yield to Maturity is 7.7 as on February 2023. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 1.06 as on February 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Suyash Choudhary is the fund manager of Bandhan Floating Rate Fund Direct Growth
The Exit load of Bandhan Floating Rate Fund Direct Growth is 0%
Mutual Fund execution provided by
Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.