HDFC Floating Rate Debt - Direct Plan - Growth Option

HDFC Floating Rate Debt - Direct Plan - Growth Option

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Debt
Direct
Floating Rate
NAV: ₹ 46 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
342 people have invested ₹ 32.6L in HDFC Floating Rate Debt - Direct Plan - Growth Option in the last three months

Mutual Fund Insights

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In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.46% return, outperforming this fund by 0.46% per annum.
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In the last 1 year, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 8.81% return, outperforming this fund by 0.58%.
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Over the last 3 months, this fund has experienced a 7.4% drop in AUM moving from 15.61K Cr to 14.45K Cr.
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This fund has one of the lowest expense ratio in the category (floating rate). Its expense ratio is 0.26% which is lower than the category average expense ratio of 0.61%.
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In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 6.67% return, outperforming this fund by 0.45% per annum.

About the HDFC Floating Rate Debt - Direct Plan - Growth Option

HDFC Floating Rate Debt - Direct Plan - Growth Option is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Vikas Agrawal, Shobhit Mehrotra. This fund is suitable to keep your money safe.

Key Parameters

  1. HDFC Floating Rate Debt - Direct Plan - Growth Option has ₹14456 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.3.

HDFC Floating Rate Debt - Direct Plan - Growth Option Overview

Expense ratio
Expense ratio
0.26%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹14456 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
25.19%

HDFC Floating Rate Debt - Direct Plan - Growth Option Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
86.2%
AA
13.8%
Sector Allocation

Feb'24

Jan'24

Dec'23

Corporate
52.7%
Government
43.3%
Cash Equivalent
3.6%
Securitize
0.5%

Top Holdings of HDFC Floating Rate Debt - Direct Plan - Growth Option as on (31-Mar-24)

  • Debt & Cash

Debt Holdings88
Holdings
Weight%
1M Change
8.1% Govt Stock 2034
8.1% Govt Stock 2034
15.44%
-2%
8.25% Govt Stock 2033
8.25% Govt Stock 2033
9.04%
-7.7%
7.69% Govt Stock 2028
7.69% Govt Stock 2028
5.59%
0%
HDFC Bank Limited
HDFC Bank Limited
4.68%
0%
Power Finance Corporation Limited
Power Finance Corporation Limited
3.96%
0%

HDFC Floating Rate Debt - Direct Plan - Growth Option: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Feb'24
Jan'24
Dec'23
AUM
₹ 14.8K Cr
₹ 16.1K Cr
₹ 15.6K Cr
  • AUM of the fund stands at 14.8K Cr as of Feb'24
  • AUM decreased by 1.3K Cr between Feb'24 and Jan'24
Fund Portfolio Changes

HDFC Floating Rate Debt - Direct Plan - Growth Option Fund Manager

Vikas Agrawal
Vikas Agrawal
Fund Manager of HDFC Floating Rate Debt - Direct Plan - Growth Option, since 7 January 2020
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
HDFC Floating Rate Debt - Direct Plan - Growth Option
6.23%
5.34%
Shobhit Mehrotra
Shobhit Mehrotra
Fund Manager of HDFC Floating Rate Debt - Direct Plan - Growth Option, since 23 October 2007

HDFC Floating Rate Debt - Direct Plan - Growth Option Highlights

Risk meter
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Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.84% since inception which is more than its category average return of 5.04%
AUM size ₹14456 Cr

AUM size ₹14456 Cr

This fund has AUM of ₹14456 Cr which is more than its category average of ₹ 4658 Cr
Expense Ratio 0.26%

Expense Ratio 0.26%

This fund has an expense ratio of 0.26% which is less than its category average expense ratio of 0.57%

Frequently Asked Questions

The current NAV of HDFC Floating Rate Debt - Direct Plan - Growth Option is ₹46 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
HDFC Floating Rate Debt - Direct Plan - Growth Option
Absolute Returns
CAGR Returns
1 Month Returns
0.76%
0.76%
6 Month Returns
4.03%
4.03%
1 Year Returns
8.24%
8.24%
3 Years Returns
19.86%
6.23%
5 Years Returns
40.26%
7%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.26% as on March 2024
₹14456 Cr as on March 2024
8.1% Govt Stock 2034(15.44%), 8.25% Govt Stock 2033(9.04%), 7.69% Govt Stock 2028(5.59%), HDFC Bank Limited(4.68%), Power Finance Corporation Limited(3.96%) as on March 2024
Corporate(51.23%), Government(45.26%), Cash Equivalent(2.98%) as on March 2024
Yield to Maturity is 8.09 as on March 2024. 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 1.37 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
86.18
AA
13.82
Vikas Agrawal, Shobhit Mehrotra are the fund managers of HDFC Floating Rate Debt - Direct Plan - Growth Option
The Exit load of HDFC Floating Rate Debt - Direct Plan - Growth Option is 0%