Rating: ★ ★ ★ ☆ ☆

HDFC Floating Rate Debt Direct Plan Wholesale Monthly Dividend Payout Option

Debt

  

Floater Fund

NAV

10.147 + 0.0001

as on (28 May, 2020)

RETURNS

5.81 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Expense Ratio

0.23 %

Benchmark

CRISIL Liquid Fund TR INR

Asset Size

8933.16 Cr.

(As of 30 Apr, 2019)

Risk

Moderately Low

Objective

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.

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Fund manager

Shobhit Mehrotra

(since 16 Feb, 2004)

Exit load

N / A

Minimum sip

₹ 500

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

ONGC Petro Additions Limited

9.25 %

Union Bank Of India

3.05 %

Syndicate Bank

2.82 %

Shriram Transport Finance Company Limited

2.78 %

Sector Allocation

About the Scheme Type

Floater Fund

Similar to how funds invest in stocks and bonds, Fund of Funds are mutual fund schemes which invest in other mutual fund schemes. The fund manager can invest in the fund schemes of same mutual fund house or different mutual fund houses. It’s particularly good for smaller risk averse investors with the capacity of putting in small amounts every month as the fund’s diversification reduces the risk to a certain extent. Few advantages of Fund of Funds include Tax friendly, ease of handling as there’s just one NAV and folio to track, small investor friendly, while the disadvantages come in the form of high expense ratio and possibility of more than required diversification.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

★ ★ ★ ☆ ☆

Overview of HDFC Asset Management Company Limited

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.

  • Invest Profitably: The single most important factor that drives HDFC Mutual Fund is its belief to give the investor the chance to profitably invest in the financial market, without constantly worrying about the market swings.
  • Research & Analysis: To realize this belief, HDFC Mutual Fund has set up the infrastructure required to conduct all the fundamental research and back it up with effective analysis.
  • Controlled Risk: HDFC Mutual Fund’s strong emphasis on managing and controlling portfolio risk avoids chasing the latest "fads" and trend.