Bandhan Floating Rate Fund Direct Growth
Debt
Direct
Floating Rate
NAV as on 22-11-2024
₹ 12.45
Inception Returns
6%
/yr
About Bandhan Floating Rate Fund Direct Growth
Bandhan Floating Rate Fund Direct Growth is a debt fund. This fund was started on 22 February, 2021. The fund is managed by Suyash Choudhary. This fund is suitable to keep your money safe.
Key Parameters
- Bandhan Floating Rate Fund Direct Growth has ₹330 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Bandhan Floating Rate Fund Direct Growth has given a CAGR return of 6.01% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.37% and 6.45% respectively.
Holdings
Bandhan Floating Rate Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, 7.32% Govt Stock 2030, Export Import Bank Of India, Au Small Finance Bank Limited, Nirma 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 Bandhan Floating Rate Fund Direct Growth
The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instruments swapped for floating returns and other debt and money market instruments.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Floating Rate Fund Direct Growth has no lock in period.
Historical NAV & Returns
Bandhan Floating Rate Fund Direct Growth Overview
| Expense ratio | 0.31% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹330 Cr |
| Inception Date | 22 February, 2021 |
| Min Lumpsum/SIP | ₹1000/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 602.34% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 322.7 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 2 Sectors in October were Government, Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.18% Govt Stock 2033 | 17.48% | 7.8% | |
7.32% Govt Stock 2030 | 12.78% | 0% | |
Export Import Bank Of India | 9.34% | 0% | |
Au Small Finance Bank Limited | 4.74% | 0% | |
Nirma Limited | 4.73% | 0% |
Bandhan Floating Rate Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹330 Cr
Expense Ratio 0.31%
Frequently Asked Questions for Bandhan Floating Rate Fund Direct Growth
Bandhan Floating Rate Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.55% | 0.55% |
6 Month Returns | 4.41% | 4.41% |
1 Year Returns | 8.37% | 8.37% |
3 Years Returns | 20.63% | 6.45% |
5 Years Returns | 0% | 0% |
- 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.
AAA | 56.48 |
AA | 43.52 |