HDFC Floating Rate Debt Fund Direct Growth

HDFC Floating Rate Debt Fund Direct Growth

NAV as on 28-03-2025

₹ 49.76

0.1%

1D

Inception Returns

7.9%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
479 people have invested ₹ 83.5L in HDFC Floating Rate Debt Fund Direct Growth in the last three months

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. This fund is suitable to keep your money safe.

Key Parameters

  1. HDFC Floating Rate Debt Fund Direct Growth has ₹14969 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 7.90% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.57%, 7.49% and 7.09% respectively.

Holdings

HDFC Floating Rate Debt Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Corporate, Cash Equivalent. Its top holdings are 7.53% Govt Stock 2034, 7.93% Govt Stock 2033, 7.59% 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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
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.

HDFC Floating Rate Debt Fund Direct Growth Overview

Expense ratio0.26%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹14969 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
25.19%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (28-Mar-25)

Period
HDFC Floating Rate Debt Fund Direct Growth
Floating Rate Index
1M
0.8%
0.8%
3M
2.2%
1.9%
6M
4.1%
3.4%
1Y
8.6%
7.9%
3Y
7.5%
6.9%
5Y
7.1%
6.6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
88%

AA
12%

Sector Allocation

Feb'25

Jan'25

Dec'24

Corporate
46.9%
Government
46.7%
Cash Equivalent
6.4%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 15.1K Cr
₹ 15.1K Cr
₹ 14.9K Cr
  • AUM of the fund stands at 15.1K Cr as of Feb'25
  • AUM increased by 32.5 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Small Industries Development Bank Of India's allocation increased from 0.5% to 2.04%
Small Industries Development Bank Of India's allocation increased from 0.5% to 2.04%
Fullerton India Credit Company Ltd's allocation increased from 0.2% to 1.34%
Fullerton India Credit Company Ltd's allocation increased from 0.2% to 1.34%
Godrej Industries Limited's allocation increased from 0.4% to 1.21%
Godrej Industries Limited's allocation increased from 0.4% to 1.21%
Top Stocks sold last month
Aadhar Housing Finance Limited's allocation decreased from 2.36 % to 2.36 %
Aadhar Housing Finance Limited's allocation decreased from 2.36 % to 2.36 %
Power Finance Corporation Ltd.'s allocation decreased from 5.26 % to 2.01 %
Power Finance Corporation Ltd.'s allocation decreased from 5.26 % to 2.01 %
National Bank For Agriculture And Rural Development's allocation decreased from 5.26 % to 1.68 %
National Bank For Agriculture And Rural Development's allocation decreased from 5.26 % to 1.68 %
Cash allocation has gone down from 10.4% to 7.4%
Cash allocation has gone down from 10.4% to 7.4%
Debt allocation has gone up from 89.3% to 92.4%
Debt allocation has gone up from 89.3% to 92.4%

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

Feb'25
Financial Services
100%
Corporate
47%
Government
47%
Jan'25
Financial Services
100%
Corporate
46%
Government
45%
  • Debt & Cash

Holdings
Weight%
1M Change
7.53% Govt Stock 2034
7.53% Govt Stock 2034
16.1%
0%
7.93% Govt Stock 2033
7.93% Govt Stock 2033
8.36%
0%
7.59% Govt Stock 2031
7.59% Govt Stock 2031
6.28%
0%
7.3% Govt Stock 2028
7.3% Govt Stock 2028
2.69%
-23.8%
Aadhar Housing Finance Limited
Aadhar Housing Finance Limited
2.35%
0%
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Shobhit Mehrotra
Shobhit Mehrotra
Fund Manager of HDFC Floating Rate Debt Fund Direct Growth, since 23 October 2007
Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹8.05L Cr
as on 28-Feb-2025
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 1 year, DSP Floater Fund Direct Growth has given 9.23% return, outperforming this fund by 0.66%.
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 0.54%.
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In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.92% return, outperforming this fund by 0.44% per annum.
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In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.46% return, outperforming this fund by 0.37% per annum.
Insights icon
This fund with AUM at ₹14969.19Cr is among the largest funds in the floating rate category.

HDFC Floating Rate Debt Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.9% since inception which is more than its category average return of 6.16%
AUM size ₹14969 Cr

AUM size ₹14969 Cr

This fund has AUM of ₹14969 Cr which is more than its category average of ₹ 4225 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%

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1Y CAGR

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HDFC Nifty G-Sec July 2031 Index Fund Direct Growth

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1Y CAGR

▲ 10.02

HDFC Gilt Fund Direct Plan Growth Option

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5Y CAGR

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HDFC Long Duration Debt Fund Direct Growth

HDFC Long Duration Debt Fund Direct Growth

1Y CAGR

▲ 9.51

Frequently Asked Questions for HDFC Floating Rate Debt Fund Direct Growth

The current NAV of HDFC Floating Rate Debt Fund Direct Growth is ₹49.76 as on 28-Mar-2025.
Existing (Absolute + CAGR) as on 28-Mar-2025.
HDFC Floating Rate Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.83%
0.83%
6 Month Returns
4.05%
4.05%
1 Year Returns
8.57%
8.57%
3 Years Returns
24.19%
7.49%
5 Years Returns
40.87%
7.09%
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 2025
₹14969 Cr as on March 2025
7.53% Govt Stock 2034(16.1%), 7.93% Govt Stock 2033(8.36%), 7.59% Govt Stock 2031(6.28%), 7.3% Govt Stock 2028(2.69%), Aadhar Housing Finance Limited(2.35%) as on March 2025
Government(47.03%), Corporate(46.64%), Cash Equivalent(6.33%) as on March 2025
Yield to Maturity is 7.68 as on March 2025. 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 1.42 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
88.05
AA
11.95
Shobhit Mehrotra is the fund manager of HDFC Floating Rate Debt Fund Direct Growth
The Exit load of HDFC Floating Rate Debt Fund Direct Growth is 0%