Debt
Direct
Floating Rate
NAV as on 05-09-2024
₹ 47.62
Inception Returns
7.9%
/yr
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, Vikas Agrawal. This fund is suitable to keep your money safe.
HDFC Floating Rate Debt Fund Direct Growth has given a CAGR return of 7.88% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.28%, 6.53% and 6.99% respectively.
HDFC Floating Rate Debt Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Corporate, Cash Equivalent, Securitize. Its top holdings are 8% Govt Stock 2034, 8.34% Govt Stock 2033, 7.72% Govt Stock 2028, 7.98% Govt Stock 2031, HDFC Bank Limited
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.
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 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.
Expense ratio | 0.26% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹15147 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 25.19% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Low to Moderate Risk |
as on (05-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Financial Services, Corporate & Government
HDFC Floating Rate Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.64% | 0.64% |
6 Month Returns | 4.55% | 4.55% |
1 Year Returns | 8.28% | 8.28% |
3 Years Returns | 20.91% | 6.53% |
5 Years Returns | 40.18% | 6.99% |
AAA | 86.17 |
AA | 13.83 |