3 Year return
6.64%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderate Risk
Asset Under Management
₹15209.67 Cr.
Expense Ratio
0.26% (inclusive of GST)
Exit Load
Nil
Tax Implications
Tax on gains as per your income tax bracket
Fund Holdings
HDFC Mutual Fund Managers
SM
Shobhit Mehrotra
Fund Manager since Jul 2007
Fund House Details
HDFC Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
ICICI Prudential Floating Interest Fund |
6.75% |
4 |
Nippon India Floating Rate Fund |
6.35% |
2.5 |
Kotak Floating Rate Fund |
6.29% |
3 |
Schemes by HDFC Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
HDFC Arbitrage Fund Wholesale IDCW Direct Plan Payout
Hybrid . Arbitrage Fund
HDFC Arbitrage Fund Wholesale Growth Direct Plan
Hybrid . Arbitrage Fund
HDFC Arbitrage Fund Quarterly IDCW Direct Plan Reinvestment
Hybrid . Arbitrage Fund
HDFC Arbitrage Fund Growth Direct Plan
Hybrid . Arbitrage Fund
HDFC Arbitrage Fund Wholesale Monthly IDCW Direct Plan Payout
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 | 7% |
Expense Ratio | 0.26% |
Fund Manager | Shobhit Mehrotra |
Fund Size | ₹15209.67 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
Name | HDFC Mutual Fund |
Launch Date | July 2000 |
Addresss | "HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400020 |
Contact | 1800 3010 6767 1800 419 7676 |
hello@hdfcfund.com | |
Website | https://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
What is today's NAV of HDFC Floating Rate Debt Fund?
What is the AUM of HDFC Floating Rate Debt Fund?
What is the expense ratio of HDFC Floating Rate Debt Fund?
What are the returns of HDFC Floating Rate Debt Fund since inception?
What is the minimum SIP amount to invest in HDFC Floating Rate Debt Fund?
How do I invest in HDFC Floating Rate Debt Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in HDFC Floating Rate Debt Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in HDFC Floating Rate Debt Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in HDFC Floating Rate Debt Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.