HDFC Floating Rate Debt - Direct Plan - Growth Option
Debt
Direct
Floating Rate
NAV: ₹ 46.05 as on 18-04-2024
Fund Performance
358 people have invested ₹ 46.8L in HDFC Floating Rate Debt - Direct Plan - Growth Option in the last three months
Mutual Fund Insights
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%.
In the last 1 year, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 8.85% return, outperforming this fund by 0.59%.
In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.47% return, outperforming this fund by 0.46% per annum.
In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 6.69% return, outperforming this fund by 0.44% per annum.
Over the last 3 months, this fund has experienced a 7.4% drop in AUM moving from 15.61K Cr to 14.45K Cr.
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 Shobhit Mehrotra, Vikas Agrawal. This fund is suitable to keep your money safe.
Key Parameters
- HDFC Floating Rate Debt - Direct Plan - Growth Option has ₹13848 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
HDFC Floating Rate Debt - Direct Plan - Growth Option Overview
 | 0.26% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹13848 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 25.19% |
HDFC Floating Rate Debt - Direct Plan - Growth Option Distribution as on (31-Dec-69)
Credit rating breakup
AAA
86.2%
AA
13.8%
Sector Allocation
Corporate
51.2%
Government
45.3%
Cash Equivalent
3%
Securitize
0.5%
Top Holdings of HDFC Floating Rate Debt - Direct Plan - Growth Option as on (31-Mar-24)
Debt Holdings88
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 8.1% Govt Stock 2034 | 15.44% | -11% | |
8.25% Govt Stock 2033 | 9.04% | 28.1% | |
7.69% Govt Stock 2028 | 5.59% | 0% | |
HDFC Bank Limited | 4.68% | 0% | |
Power Finance Corporation Limited | 3.96% | 0% |
See all
HDFC Floating Rate Debt - Direct Plan - Growth Option: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 14.5K Cr as of Mar'24
- AUM decreased by 309.2 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
HDFC Floating Rate Debt - Direct Plan - Growth Option Fund Manager
Shobhit Mehrotra
Fund Manager of HDFC Floating Rate Debt - Direct Plan - Growth Option, since 23 October 2007
Top funds managed
Vikas Agrawal
Fund Manager of HDFC Floating Rate Debt - Direct Plan - Growth Option, since 7 January 2020
Top funds managed
HDFC Floating Rate Debt - Direct Plan - Growth Option Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
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 ₹13848 Cr
This fund has AUM of ₹13848 Cr which is more than its category average of ₹ 4681 Cr
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 ₹46.05 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
HDFC Floating Rate Debt - Direct Plan - Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 0.74% | 0.74% |
6 Month Returns | 4.01% | 4.01% |
1 Year Returns | 8.25% | 8.25% |
3 Years Returns | 19.94% | 6.25% |
5 Years Returns | 40.3% | 7.01% |
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.
0.26% as on March 2024
₹13848 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 |
Shobhit Mehrotra, Vikas Agrawal 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%