HDFC Floating Rate Debt Fund Direct Growth

HDFC Floating Rate Debt Fund Direct Growth

Debt

Direct

Floating Rate

NAV as on 29-11-2024

₹ 48.48

Inception Returns

7.9%

/yr

About HDFC Floating Rate Debt Fund Direct Growth

HDFC Floating Rate Debt Fund Direct Growth 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

  1. HDFC Floating Rate Debt Fund Direct Growth has ₹14941 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.

Returns

HDFC Floating Rate Debt Fund Direct Growth has given a CAGR return of 7.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.75%, 6.92% and 6.96% respectively.

Holdings

HDFC Floating Rate Debt Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are 7.53% Govt Stock 2034, 7.93% Govt Stock 2033, 7.98% Govt Stock 2031, 7.3% Govt Stock 2028, Aadhar Housing Finance Limited

Taxation

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.

Investment objective of HDFC Floating Rate Debt Fund Direct Growth

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. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. HDFC Floating Rate Debt Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
248 people have invested ₹ 65.5L in HDFC Floating Rate Debt Fund Direct Growth in the last three months

HDFC Floating Rate Debt Fund Direct Growth Overview

Expense ratio0.26%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹14941 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
25.19%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (29-Nov-24)

Period
HDFC Floating Rate Debt Fund Direct Growth
Floating Rate Index
1M
0.7%
0.5%
3M
2%
1.8%
6M
4.3%
4.1%
1Y
8.7%
8.3%
3Y
6.9%
6.4%
5Y
7%
6.4%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
84.9%

AA
15.1%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
46.3%
Government
44.8%
Cash Equivalent
8.9%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 15K Cr
₹ 14.8K Cr
₹ 15.2K Cr
  • AUM of the fund stands at 15K Cr as of Oct'24
  • AUM increased by 164.4 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 8.4% to 8.9%
Cash allocation has gone up from 8.4% to 8.9%
Debt allocation has gone down from 91.3% to 90.8%
Debt allocation has gone down from 91.3% to 90.8%

Top 3 Sectors in October were Financial Services, Corporate & Government

Oct'24
Financial Services
100%
Corporate
46%
Government
45%
Sep'24
Financial Services
100%
Corporate
49%
Government
45%
  • Debt & Cash

Holdings
Weight%
1M Change
7.53% Govt Stock 2034
7.53% Govt Stock 2034
15.13%
-1.1%
7.93% Govt Stock 2033
7.93% Govt Stock 2033
8.58%
0%
7.98% Govt Stock 2031
7.98% Govt Stock 2031
4.44%
0%
7.3% Govt Stock 2028
7.3% Govt Stock 2028
4.21%
-11.3%
Aadhar Housing Finance Limited
Aadhar Housing Finance Limited
2.36%
0%
Loading...
We are taking more time than usual
Shobhit Mehrotra
Shobhit Mehrotra
Fund Manager of HDFC Floating Rate Debt Fund Direct Growth, since 23 October 2007
Vikas Agrawal
Vikas Agrawal
Fund Manager of HDFC Floating Rate Debt Fund Direct Growth, since 7 January 2020
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
HDFC Floating Rate Debt - Direct Plan - Growth Option
6.91%
6.39%
Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹8.1L Cr
as on 31-Oct-2024
Address
HDFC Asset Management Company Limited,“HUL House”, 2nd Floor,,H.T. Parekh Marg,165-166, Backbay Reclamation,,Churchgate,
Phone
+912266316333
Website
cliser@hdfcfund.com

Mutual Fund Insights

Insights icon
In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.12% return, outperforming this fund by 0.2% per annum.
Insights icon
In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.37% return, outperforming this fund by 0.41% per annum.
Insights icon
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 0.56%.
Insights icon
In the last 1 year, DSP Floater Fund Direct Growth has given 9.65% return, outperforming this fund by 0.9%.

HDFC Floating Rate Debt Fund Direct Growth Highlights

Risk meter
pointer

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 7.89% since inception which is more than its category average return of 5.57%
AUM size ₹14941 Cr

AUM size ₹14941 Cr

This fund has AUM of ₹14941 Cr which is more than its category average of ₹ 4644 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 0.55%

Frequently Asked Questions for HDFC Floating Rate Debt Fund Direct Growth

The current NAV of HDFC Floating Rate Debt Fund Direct Growth is ₹48.48 as on 29-Nov-2024.
Existing (Absolute + CAGR) as on 29-Nov-2024.
HDFC Floating Rate Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.65%
0.65%
6 Month Returns
4.35%
4.35%
1 Year Returns
8.75%
8.75%
3 Years Returns
22.21%
6.92%
5 Years Returns
40.01%
6.96%
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 October 2024
₹14941 Cr as on October 2024
7.53% Govt Stock 2034(15.13%), 7.93% Govt Stock 2033(8.58%), 7.98% Govt Stock 2031(4.44%), 7.3% Govt Stock 2028(4.21%), Aadhar Housing Finance Limited(2.36%) as on October 2024
Corporate(47.72%), Government(45.04%), Cash Equivalent(7.24%) as on October 2024
Yield to Maturity is 7.63 as on October 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 October 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
84.88
AA
15.12
Shobhit Mehrotra, Vikas Agrawal are the fund managers of HDFC Floating Rate Debt Fund Direct Growth
The Exit load of HDFC Floating Rate Debt Fund Direct Growth is 0%