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.
Bandhan Floating Rate Fund Direct Growth has given a CAGR return of 5.76% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.63% and 5.92% respectively.
Bandhan Floating Rate Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 6.54% Govt Stock 2032, National Bank For Agriculture And Rural Development, Bharti Telecom Limited, 7.18% Govt Stock 2033, Tata Projects Limited
As it is a floating rate mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instruments swapped for floating returns and other debt and money market instruments.
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Floating Rate Fund Direct Growth has no lock in period.
Expense ratio | 0.31% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹205 Cr |
Inception Date | 22 February, 2021 |
Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 644.47% |
Risk | Moderate Risk |
Bandhan Floating Rate Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.77% | 0.77% |
6 Month Returns | 4.09% | 4.09% |
1 Year Returns | 7.63% | 7.63% |
3 Years Returns | 18.82% | 5.92% |
5 Years Returns | 0% | 0% |
AAA | 55.26 |
AA | 44.74 |