Rating : N/A

IDFC Floating Rate Fund Regular Monthly Payout of Income Distribution cum cptl Wdrl opt

Debt

  

Floater Fund

NAV

10.0261 +0.0052

(as on 27 Jun, 2022)

RETURNS

NA

Fund Type

Open Ended

Investment Plan

Dividend Payout

Expense Ratio

1%

Asset Size

784.07 Cr.

(As of 15 Jun, 2022)

Benchmark

NIFTY Low Duration Debt Index TR INR

Riskometer

Investors understand that their principal will be at Risk.

Objective

The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instruments swapped for floating returns and other debt and money market instruments.

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Fund manager

Suyash Choudhary

Exit load

N / A

Minimum sip

₹1000

Minimum investment

₹5000

Top Holdings

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.

Company

Assets

5.63% Govt Stock 2026

19.85%

Rural Electrification Corporation Limited

6.10%

Housing Development Finance Corporation Ltd

6.06%

National Bank For Agriculture And Rural Development

6.02%

Sector Allocation

About the Scheme Type

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.

Ratings

This fund is rated 0 stars by Morning Star Ratings.

N/A

Overview of IDFC Asset Management Company Limited

IDFC Asset Management Company Limited finds its roots back to 2000 when it was established and which has since gone on to become one of the largest fund houses in India (in terms of AUM). The IDFC Mutual Fund provides its services to institutional and retail investors and has developed a robust network to deliver consistent value to its investors across India. The IDFC Fund manages equity, fixed income, and balanced mutual funds for its clients and invests in public equity and fixed income markets of India. The firm obtains external research to complement its in- house research. IDFC Asset Management Company Limited operates as a subsidiary of IDFC Financial Holding Company Limited.