HDFC Floating Rate Debt Fund Direct Growth

HDFC Floating Rate Debt Fund Direct Growth

NAV as on 21-04-2025

₹ 50.33

0.1%

1D

Inception Returns

8%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
494 people have invested ₹ 77.8L 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 ₹14469 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 7.96% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.32%, 7.84% and 7.21% 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, 7.81% Govt Stock 2033, 7.59% Govt Stock 2031, Aadhar Housing Finance Limited, Small Industries Development Bank Of India

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 Short Duration Debt A-II TR INR
AUM₹14469 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 (21-Apr-25)

Period
HDFC Floating Rate Debt Fund Direct Growth
Floating Rate Index
1M
1.5%
1.6%
3M
2.8%
2.8%
6M
4.6%
4.4%
1Y
9.3%
9.1%
3Y
7.8%
7.5%
5Y
7.2%
6.7%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
87.8%

AA
12.2%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Corporate
49%
Government
47.2%
Cash Equivalent
3.8%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 14.7K Cr
₹ 15.1K Cr
₹ 15.1K Cr
  • AUM of the fund stands at 14.7K Cr as of Mar'25
  • AUM decreased by 393.6 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Sikka Ports & Terminals Limited's allocation increased from 0.07% to 1.32%
Sikka Ports & Terminals Limited's allocation increased from 0.07% to 1.32%
Small Industries Development Bank Of India's allocation increased from 0.34% to 1.5%
Small Industries Development Bank Of India's allocation increased from 0.34% to 1.5%
Fullerton India Credit Company Ltd's allocation increased from 0.47% to 1.34%
Fullerton India Credit Company Ltd's allocation increased from 0.47% to 1.34%
Top Stocks sold last month
Small Industries Development Bank Of India's allocation decreased from 5.26 % to 2.04 %
Small Industries Development Bank Of India's allocation decreased from 5.26 % to 2.04 %
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 7.4% to 4.8%
Cash allocation has gone down from 7.4% to 4.8%
Debt allocation has gone up from 92.4% to 94.9%
Debt allocation has gone up from 92.4% to 94.9%

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

Mar'25
Financial Services
100%
Corporate
49%
Government
47%
Feb'25
Financial Services
100%
Corporate
47%
Government
47%
  • Debt & Cash

Holdings
Weight%
1M Change
7.53% Govt Stock 2034
7.53% Govt Stock 2034
16.35%
0%
7.81% Govt Stock 2033
7.81% Govt Stock 2033
8.5%
0%
7.59% Govt Stock 2031
7.59% Govt Stock 2031
6.38%
0%
Aadhar Housing Finance Limited
Aadhar Housing Finance Limited
2.38%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
2.07%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
HDFC Floating Rate Debt Fund Direct Growth
HDFC Floating Rate Debt Fund Direct Growth
9.32%
7.84%
7.21%
7.96%
DSP Floater Fund Direct Growth
DSP Floater Fund Direct Growth
10.76%
8.16%
-
7.16%
Franklin India Floating Rate Direct Growth
Franklin India Floating Rate Direct Growth
10.24%
8.25%
6.95%
7.17%
Nippon India Floating Rate Fund Direct Plan Growth Plan
Nippon India Floating Rate Fund Direct Plan Growth Plan
9.66%
7.55%
7.18%
8.04%
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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
₹7.63L Cr
as on 31-Mar-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
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%.
Insights icon
This fund with AUM at ₹14469.08Cr is among the largest funds in the floating rate category.
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Over the last 1 month, this fund has experienced a 4.3% drop in AUM moving from 15.11K Cr to 14.46K Cr.
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In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.61% return, outperforming this fund by 0.4% per annum.
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In the last 1 year, DSP Floater Fund Direct Growth has given 10.76% return, outperforming this fund by 1.44%.
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In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 8.24% return, outperforming this fund by 0.4% per annum.

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 7.96% since inception which is more than its category average return of 6.42%
AUM size ₹14469 Cr

AUM size ₹14469 Cr

This fund has AUM of ₹14469 Cr which is more than its category average of ₹ 4193 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 ₹50.33 as on 21-Apr-2025.
Existing (Absolute + CAGR) as on 21-Apr-2025.
HDFC Floating Rate Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.48%
1.48%
6 Month Returns
4.63%
4.63%
1 Year Returns
9.32%
9.32%
3 Years Returns
25.42%
7.84%
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
₹14469 Cr as on March 2025
7.53% Govt Stock 2034(16.35%), 7.81% Govt Stock 2033(8.5%), 7.59% Govt Stock 2031(6.38%), Aadhar Housing Finance Limited(2.38%), Small Industries Development Bank Of India(2.07%) as on March 2025
Corporate(49.01%), Government(47.2%), Cash Equivalent(3.79%) as on March 2025
Yield to Maturity is 7.78 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 1.52 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
87.77
AA
12.23
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%