May 24, 2025
mayank
HDFC Floating Rate Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 50.8269
Weekly NAV IDCW: Rs 10.0603
Monthly NAV IDCW: Rs 10.2347
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 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.
Fund Manager:
1) Shobhit Mehrotra
Education: He is an MBA from Clemson University, USA.
Experience: Prior to joining HDFC AMC he has worked with Franklin Templeton AMC, and ICRA.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of HDFC Floating Rate Debt Fund
| Fund House | HDFC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.98% |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 15,015 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.26% |
| (As on 30-Apr-2025) | |
| Risk Grade | Below Average |
| Return Grade | Average |
Trailing Returns (%) of HDFC Floating Rate Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Floating Rate Debt Dir | 4.28 | 0.03 | 0.91 | 3.13 | 4.94 | 9.55 | 8.23 | 7.16 | 7.57 | 7.66 |
| CCIL T Bill Liquidity Weight | 2.27 | 0.04 | 0.50 | 1.52 | 2.67 | 5.22 | 4.48 | 3.47 | 3.73 | 3.95 |
| Debt: Floater | 4.52 | 0.04 | 0.86 | 3.44 | 5.29 | 9.88 | 8.19 | 7.03 | 7.57 | 7.63 |
| Rank within category | 8 | 7 | 4 | 8 | 8 | 8 | 5 | 3 | 3 | 3 |
| Number of funds in category | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 7 | 5 | 5 |
Peer Comparison of HDFC Floating Rate Debt 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 | |
| HDFC Floating Rate Debt Dir | 4 star | 9.55 | 8.23 | 7.16 | 0.26 | 15,015 | 7.98 | — | 12Y 4M |
| ABSL Floating Rate Dir | 5 star | 8.85 | 7.83 | 6.72 | 0.22 | 13,438 | 8.03 | — | 12Y 4M |
| UTI Floater Dir | 4 star | 8.47 | 7.40 | 6.27 | 0.45 | 1,395 | 7.02 | — | 6Y 6M |
| Nippon India Floating Rate Dir | 3 star | 10.08 | 8.11 | 7.11 | 0.35 | 7,731 | 8.08 | — | 12Y 4M |
| ICICI Pru Floating Interest Dir | 2 star | 9.36 | 8.52 | 7.51 | 0.55 | 7,313 | 8.35 | — | 12Y 4M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 118 | 58 |
| Macaulay Duration (yrs) | 1.69 | 2.70 |
| Average Maturity (yrs) | 4.55 | 5.76 |
| Yield to Maturity (%) | 7.25 | 7.08 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For HDFC Floating Rate Debt Fund
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