April 19, 2025
mayank
Bandhan Floating Rate Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 13.0066
Yearly NAV IDCW: Rs 10.2911
Weekly NAV IDCW: Rs 10.1571
NAV IDCW Quarterly: Rs 10.4358
Suitable For Which Investors?
“This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.
They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.
If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instrument.
Fund Manager:
1) Debraj Lahiri
Education: Mr. Lahiri has done B.Tech and MBA
Experience: Prior to joining Bandhan Mutual Fund, he has worked with ICICI Prudential AMC Ltd, Invesco Asset Management (India) Pvt. Ltd, CARE Ratings and Bank of Baroda
2) Brijesh Shah
Education: Mr. Shah is a Post Graduate Diploma in Finance.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in PeriodNA | |
| Exit Load | 0 |
Basic Details of Bandhan Floating Rate Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 18-Feb-21 |
| Return Since Launch | 6.52% |
| Benchmark | NIFTY SD Debt Index A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 257 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.31% |
| (As on 31-Mar-2025) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Trailing Returns (%) of Bandhan Floating Rate Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Floating Rate Dir | 3.54 | 0.10 | 1.89 | 3.23 | 5.04 | 10.10 | 7.53 | — | — | — |
| CCIL T Bill Liquidity Weight | 1.75 | 0.10 | 0.75 | 1.44 | 2.54 | 5.17 | 4.28 | — | — | — |
| Debt: Floater | 3.33 | 0.06 | 1.79 | 3.02 | 4.69 | 9.60 | 7.77 | — | — | — |
| Rank within category | 4 | 1 | 4 | 4 | 3 | 4 | 10 | — | — | — |
| Number of funds in category | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 7 | 5 | 5 |
Peer Comparison of Bandhan Floating Rate Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bandhan Floating Rate Dir | 3 star | 10.10 | 7.53 | — | 0.31 | 257 | 6.52 | — | 4Y 2M |
| HDFC Floating Rate Debt Dir | 4 star | 9.22 | 7.83 | 7.26 | 0.26 | 14,724 | 7.95 | — | 12Y 3M |
| ABSL Floating Rate Dir | 5 star | 8.59 | 7.49 | 6.87 | 0.22 | 13,275 | 8.02 | — | 12Y 3M |
| UTI Floater Dir | 4 star | 8.06 | 7.07 | 6.37 | 0.45 | 1,385 | 6.96 | — | 6Y 5M |
| Nippon India Floating Rate Dir | 3 star | 9.52 | 7.54 | 7.28 | 0.35 | 7,646 | 8.03 | — | 12Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 16 | 54 |
| Macaulay Duration (yrs) | 2.98 | 2.00 |
| Average Maturity (yrs) | 3.66 | 4.44 |
| Yield to Maturity (%) | — | — |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Bandhan Floating Rate Fund
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