Floater Fund
Fund Type
Open Ended
Investment Plan
Dividend Payout
Expense Ratio
0%
Asset Size
14822.56 Cr.
(As of 15 Jan, 2023)
Benchmark
NIFTY Low Duration Debt Index TR INR
Riskometer
Investors understand that their principal will be at Moderate Risk.
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.
Fund manager
Shobhit Mehrotra
Exit load
N / A
Minimum sip
₹100
Minimum investment
₹100
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
7.69% Govt Stock 2034
15.54%
7.42% Govt Stock 2033
6.00%
7.01% Govt Stock 2028
5.70%
Housing Development Finance Corporation Ltd
4.31%
Floater Funds invest a major proportion of its corpus, at least 65%, in floating rest instruments and remaining in fixed incomesecurities. Given their inclination towards variable components,they propose a lower degree of sensitivity to the changes in theinterest rate which is one of their key advantages. And it’s for this primary reason that Floater Funds appeal to risk-averse investors. A second benefit of these funds is that they help investors acquire a diversified bond or loan portfolio at a lower investment rate.
This fund is rated 3 stars by Morning Star Ratings.
HDFC Mutual Fund is one of India’s largest and well established mutual funds houses with focus on delivering consistent fund performance across categories since the launch of the first scheme(s) in July 2000. We, at HDFC Mutual Fund, believe in constantly reviewing the markets for new trends, identifying new growth sectors and sharing this knowledge with our investors in the form of product offerings, so as to give our investors long-term benefits. HDFC Mutual Fund has various products across asset and risk categories to enable investors to invest in line with their investment objectives and risk taking capacity.
Vision of HDFC Mutual Fund – To be a dominant player in the Indian mutual fund space recognized for its high levels of ethical and professional conduct and a commitment towards enhancing investor interests. HDFC’s Mutual Fund philosophy is based on 3 pillars.