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DEBT•FLOATER FUND

HDFC Floating Rate Debt Fund

3 Year return

7.65%
NAV on May 20, 2026
53.5039
1D Returns
+0.02%
Launched on January 2013(13 years)

Investment Details

₹100
Minimum SIP Amount
₹100
Minimum one time investment
Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

₹
Your Investment₹3,600
Gain
12.72%₹458
Total Value ₹4,058

Risk Involved

scale
Your principal will be at
Very High Risk

Scheme Information

Asset Under Management
₹16,431.78 Cr.
Expense Ratio
0.31% (inclusive of GST)
Exit Load
Nil

Ratings

ARQ Rating
4

Ratings by other agencies

Value Research
4
Crisil
0
Morning Star
4

Tax Implications

Tax on gains as per your income tax bracket

HDFC Mutual Fund Manager

AB

Anil Bamboli

Fund Manager since Aug 2005

DM

Dhruv Muchhal

Fund Manager since Sep 2023

SM

Shobhit Mehrotra

Fund Manager since Jan 2003

Fund House Details

HDFC Mutual Fund

HDFC Mutual Fund

Asset management company

AUM
₹9,52,866.67 Cr.
No. of Schemes
184
Setup Date
July 2000

Peer Comparison

Comparison with other similar funds

Funds3 Y ReturnsARQ Rating
ICICI Prudential Floating Interest Fund8.0182%
4
Franklin India Floating Rate Fund8.2801%
1.5
Kotak Floating Rate Fund7.7068%
3

Schemes by HDFC Mutual Fund

List of mutual fund schemes by AMC

Funds
3 Years Returns
HDFC Mutual Fund logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

HDFC Balanced Advantage Fund Growth Plan Direct Plan
15.2303%
HDFC Mutual Fund logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

HDFC Balanced Advantage Fund IDCW Plan Direct Plan Payout
14.7954%
HDFC Mutual Fund logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

HDFC Balanced Advantage Fund IDCW Plan Direct Plan Reinvestment
14.7954%
HDFC Mutual Fund logo

Hybrid . Arbitrage Fund

HDFC Arbitrage Fund Wholesale Growth Direct Plan
7.4515%
HDFC Mutual Fund logo

Hybrid . Arbitrage Fund

HDFC Arbitrage Fund Wholesale Monthly IDCW Direct Plan Payout
7.4469%

About HDFC Floating Rate Debt Fund Direct Plan Growth

HDFC Floating Rate Debt Fund Direct Plan Growth, managed by HDFC Mutual Fund, falls within the category of Debt Mutual Fund Scheme. This open-ended debt scheme primarily directs its investments towards floating rate instruments, including fixed rate instruments that are converted to floating rate exposures. The fund's portfolio is diversified, encompassing securities with varying maturities. The duration of the fund is calibrated to reflect the sensitivity of the average maturity of these securities concerning changes in interest rates.

Investment objective of the scheme

The primary investment objective of HDFC Floating Rate Debt Fund Direct Plan Growth is twofold: generating income and capital appreciation. This is achieved by constructing a portfolio that predominantly comprises floating rate debt instruments, alongside fixed rate debt instruments that have been exchanged for floating rate returns. Additionally, the scheme includes money market instruments in its portfolio to further diversify its holdings.

Key Features of The Fund

5-year return
6.7156%
Expense Ratio
0.31%
Fund Manager
Anil Bamboli
Fund Size
₹16431.78 Cr.
Risk Profile
Moderate

Is this scheme good for me?

Investors seeking to allocate their funds for a longer duration while favouring relatively lower-risk assets compared to equity funds might find HDFC Floating Rate Debt Fund Direct Plan Growth appealing. The fund's strategic focus on floating rate instruments and its diverse composition aim to balance potential returns with risk considerations. However, as with any investment decision, individuals should assess their own financial objectives and risk tolerance. If an investor's goal aligns with a longer investment horizon and a preference for lower-risk avenues, this scheme could potentially be a suitable choice. Before making any investment commitment, individuals should thoroughly review the fund's prospectus, and disclosures, and consider seeking advice from a financial advisor.

AMC Contact Details

NameHDFC Mutual Fund
Launch DateJuly 2000
Address"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400020
Contact1800 3010 67671800 419 7676
Emailhello@hdfcfund.com
Websitehttps://www.hdfcfund.com/
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of HDFC Floating Rate Debt Fund on May 20, 2026, is ₹53.5039
Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of HDFC Floating Rate Debt Fund, is ₹16431.78 crore.
The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund's returns. The expense ratio of HDFC Floating Rate Debt Fund is 0.31%
The HDFC Floating Rate Debt Fund was launched on January 01, 2013. The fund has delivered a CAGR of undefined since inception.
A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for HDFC Floating Rate Debt Fund is ₹100.
  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.
  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.
  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.
  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.

ENTER AMOUNT

₹
₹4,058 in 3Y at 7.6548% returns
SIP Date1st of every month

Your next SIP Payment will be on 20 June 2026

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