February 14, 2024
mayank
Bandhan Floating Rate Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 11.6777
Yearly NAV IDCW: Rs 10.7020
Weekly NAV IDCW: Rs 10.0281
NAV IDCW Quarterly: Rs 10.2367
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) Suyash Choudhary
Education: Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.
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 Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Bandhan Mutual Fund |
| Launch Date | 18-Feb-21 |
| Return Since Launch | 5.33% |
| Benchmark | NIFTY Low Duration Debt Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 205 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.35% |
| (As on 31-Jan-2024) | |
| Risk Grade | Average |
| Return Grade | Low |
Trailing Returns (%) of Bandhan Floating Rate Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Floating Rate Dir | 0.85 | 0.01 | 0.56 | 1.79 | 3.51 | 7.39 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.54 | 0.04 | 0.35 | 1.15 | 2.25 | 4.62 | — | — | — | — |
| Debt: Floater | 0.93 | 0.03 | 0.65 | 1.93 | 3.72 | 7.95 | — | — | — | — |
| Rank within category | 9 | 12 | 10 | 8 | 13 | 12 | — | — | — | — |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 12 | 8 | 6 | 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 | 7.39 | — | — | 0.35 | 205 | 5.33 | — | 2Y 11M |
| HDFC Floating Rate Debt Dir | 4 star | 8.01 | 5.94 | 6.96 | 0.26 | 16,101 | 7.81 | — | 11Y 1M |
| ABSL Floating Rate Dir | 5 star | 7.76 | 5.93 | 6.77 | 0.23 | 12,243 | 7.94 | — | 11Y 1M |
| UTI Floater Dir | 4 star | 7.57 | 5.50 | 6.69 | 0.35 | 1,409 | 6.72 | — | 5Y 3M |
| ICICI Pru Floating Interest Dir | 3 star | 8.57 | 6.10 | 7.41 | 0.61 | 10,636 | 8.23 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 15 | 46 |
| Macaulay Duration (yrs) | 1.10 | 1.72 |
| Average Maturity (yrs) | 1.24 | 3.42 |
| Yield to Maturity (%) | 7.90 | 7.85 |
| Avg Credit Rating | AAA | — |
How to Invest in Bandhan Floating Rate Fund?
Chanakya’s Mutual Fund Guidance For Bandhan Floating Rate Fund
Apply Online: https://bandhanmutual.com/mutual-funds
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
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https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/aditya-birla-sun-life-floating-rate-fund/