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  • HDFC Floating Rate Debt Wholesale Plan (Growth)

Formerly HDFC FRF Income S/T Whls Gr

HDFC Mutual Funds

HDFC Floating Rate Debt Wholesale Plan (Growth)

DebtFloating Rate

Recommended

Top Ranked

40.482

NAV (Oct 04)

6.1%
3 Year CAGR
Scripbox Opinion
Recommended
HDFC Floating Rate Debt Wholesale Plan (Growth) is recommended for investment within floating rate mutual funds.

Floating rate funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.

Our analysis of this fundLearn how we rate funds ->

Fund Size

₹ 16,242 Cr

The fund has been a Category Leader on the Fund Size metric

Rolling Returns

Good

The performance of the fund on a Rolling Returns metric has been Good

View all 8 analysis

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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

40.482

NAV (Oct 4)

Fund Returns

Last 1Y

3.7%

Last 3Y

6.1%

Last 5Y

6.7%

Last 10Y

7.7%

Since Inception

7.8%

6 Month CAGR

2.2%

Scheme Information

Investment 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.

Expense Ratio

0.48

Launched (15y ago)

Oct 23, 2007

AUM in Crores

16241.794

ISIN

INF179K01707

Lock-in

No Lock-in

Benchmark

NIFTY Low Duration Debt Index TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers

Shobhit Mehrotra

Fund Manager

Vikas Agrawal

Fund Manager

Priya Ranjan

Fund Manager

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%965,796 233,18411.25%
EPF70% 900,761 168,1498.50%
Property70% 867,662 135,0507.00%
PPF70% 869,819 137,2077.10%
Bank FD70% 846,471 113,8596.00%
Gold70% 846,471 113,8596.00%
Savings Bank70% 825,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2022-10-04

Top Debt Holdings

5.38% govt stock 2034

14.2%
14.2%

4.93% govt stock 2028

5.7%
5.7%

5.53% govt stock 2033

5.4%
5.4%

housing development finance corporation ltd

4%
4%

182 Days Treasury Bill 24-11-2022

3.7%
3.7%
See all holdings

Compare HDFC Floating Rate Debt Wholesale Plan (Growth)

Fund NameFund SizeRolling Returns
ICICI Prudential Liquid Fund (G)
ICICI Prudential Liquid Fund (G)

₹ 48,600 cr

₹ 15,110 cr

₹ 15,466 cr

₹ 15,116 cr

₹ 48,600 cr

About the AMC

HDFC Asset Management Company Limited

HDFC Asset Management Company Limited manages assets worth 476,256 crores and was set up on 3 July 2000. It's current offering of mutual fund schemes includes 38 equity,120 debt and 23 hybrid funds.

amc-img

  • 1800 3010 6767/ 1800 419 7676 (Toll-free)
  • cliser@hdfcfund.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    9.1%

    4.4%

    6.1%

    7.8%

    3.5%

    5.8%

    5.5%

    5.4%

    5.8%

    5.7%

    Investment Calculator

    Investment Duration5 years

    0

    Total Investment

    0

    Wealth Gained

    0

    Total Corpus Created (₹)

    With CAGR of 11.25 % in 5 years

    HDFC Floating Rate Debt Wholesale Plan Fund (Growth) is an open-ended debt fund that primarily invests in floating-rate instruments (including fixed-rate instruments that have been converted to floating-rate exposures through swaps and derivatives). The Fund will invest primarily in floating rate debt, fixed rate debt securities with floating rate returns swapped in, and money market products. The Scheme will continue to establish a well-diversified debt (including securitized debt) and other instrument portfolios. Credit quality, liquidity, interest rates, and their outlook will all influence debt securities investment. For diversification, the Scheme may invest in hybrid securities, such as REIT and InvIT units, subject to SEBI’s requirements from time to time.

    Investment Objective of HDFC Floating Rate Debt Wholesale Plan Fund (Growth)

    The investment objective is to generate income/capital appreciation through investment in debt securities and money market instruments

    HDFC Floating Rate Debt Wholesale Plan Fund (Growth) primarily invests in bonds whose interest rate fluctuates with the economy’s current interest rates. Such funds are typically less volatile in response to changing interest rates due to their investment mandate. They may be a reasonable option for your portfolio’s fixed-income component.

    The scheme invests Floating rate Securities (including fixed rate Securities converted to floating rate exposures using swaps or derivatives. Furthermore, the scheme also invests in Fixed rate debt securities (including securitized debt, money market instruments & floating rate debt securities swapped for fixed rate returns

    Scheme Details of HDFC Floating Rate Debt Wholesale Plan Fund (Growth)

    HDFC Mutual Fund launched HDFC Floating Rate Debt Wholesale Plan Fund (Growth) on 23rd October 2007. The fund has been in existence for the past 15 years. 

    NAV and Returns – As of 14th April 2022, the Net Asset Value (NAV) of the scheme is Rs  39.56. The risk-o-meter of HDFC Floating Rate Debt Wholesale Plan Fund (Growth) is low to moderate risk. While investing an investor must understand that the principal amount invested will be at a low to moderate risk. Since its inception during the past 15 years, the scheme has provided its investors with a return of 7.90%.

    Investment Plans – Regular Plan and Direct Plan. Under each Plan: Growth and IDCW Options. The IDCW Option offers Daily IDCW Option (with Reinvestment facility only) and Weekly and Monthly IDCW Options (with Payout and Reinvestment facility).

    Minimum Investment – The minimum amount for a lump sum investment is Rs 5,000. However, the minimum investment amount for SIP is Rs 1,000.

    Expense Ratio – An expense ratio of 0.48% is charged on the units of the mutual funds. 

    Exit Load – No exit load on redemption of the units. Switching between Options within the same Plan within a Scheme will not incur any exit charges. Unless the investment was made directly, without the use of a distributor code, a switch to a Direct Plan within the same Scheme will be subject to the applicable exit load. However, there will be no exit load on any subsequent switch-outs or redemptions of such investments from the Direct Plan. Switching from the Direct Plan to the Non-Direct Plan within the same Scheme has no exit load. Any subsequent switch out or redemption from the non-Direct Plan, on the other hand, will be subject to an exit load depending on the original date of investment in the Direct Plan.

    Fund Manager – Mr. Shobhit Mehrotra, Mr. Vikash Agarwal, and Mr. Sankalp Baid are the fund managers of the scheme. Mr. Shobhit Mehrotra is the Fixed Income Senior Fund Manager and Head of Credit. Over 25 years of expertise in Fixed Income Markets, Fixed Income Dealing, Credit Rating, and other related fields. He has been managing the fund since its inception. Mr. Vikash Agarwal is a member of the Vikash Agarwal Group. Over 14 years of expertise dealing in fixed income products, including 12 years in debt and investment and more than one year in Forex trading and research. He has been managing the fund since July 01, 2020. Mr. Sankalp Baid is a Credit Analyst and Backup dealer as Macroeconomic Analyst and Fund Manager for Overseas Investments. He has been managing since January 22, 2021.

    Other details – There is no lock-in period for the scheme. So, an investor can redeem an investment anytime without any redemption limit. As of 14th April 2022, the AUM of HDFC Floating Rate Debt Wholesale Plan Fund (Growth) is Rs 17,379.115 cr. The fund benchmarks to NIFTY Low Duration Debt Index TR INR. The suitable investment horizon for an investor is 1 year to 5 years.

    Growth Review

    Scripbox recommends HDFC Floating Rate Debt Wholesale Plan Fund (Growth) for investment within the floating rate mutual fund category. The nature of the category enables the fund manager to manage interest rate risk by predominantly holding floating rate instruments or fixed coupon instruments which are converted to floating rates by using swaps. The yields of these instruments move in the same direction as the benchmark rates. Launched in 2007, the fund has the highest average assets under the management of Rs. 14,559 crores, among its category peers. The fund has consistently delivered above-average 3 years rolling returns of 7.79% with the best level of return predictability. In our view, the fund has the lowest market determined risk as well. All these elements are put together to make this fund a “Scripbox Recommended Fund” within the floating rate category. 

    1. With a past record of 15 years, the fund has a sufficient history for analysis and the track record is good
    2. With an AUM of 17,379.115 cr, the fund is a category leader in size.
    3. The fund has a higher credit quality in comparison to other debt funds.
    4. The scheme is moderately impacted by interest rate fluctuations.

    Fund Performance

    Annualised Returns

    PeriodReturns
    10 Years8%
    5 Years6.90%
    3 Years6.70%
    1 Year4.20%
    The above mentioned data is as of 14th April 2022

    Asset Allocation

    Top Stock Holding

    Stock HoldingPercentage of Holding
    4.68% Govt Stock 203412.60%
    4.93% Govt Stock 20285.30%
    5.53% Govt Stock 20335%
    Housing Development Finance Corporation Limited3.70%
    Power Finance Corporation Ltd.3.20%
    Panatone Finvest Limited3%
    Treps – Tri-Party Repo2.40%
    Rural Electrification Corporation Limited2.40%
    Embassy Office Parks Reit2.30%
    Net Current Assets2.20%
    Muthoot Finance Limited2%
    The above mentioned data is as of 14th April 2022

    Frequently Asked Questions

    Who should invest in HDFC Floating Rate Debt Wholesale Plan Fund (Growth)?

    HDFC Floating Rate Debt Wholesale Plan Fund (Growth) is suitable for investors who are seeking income over the short term. The investment objective of the fund is to achieve income/capital appreciation by investing in a portfolio that consists mostly of floating rate debt, fixed rate debt instruments that have been swapped for floating rate returns, and money market instruments. Owing to the investment strategies, the fund is suitable for an investment duration of 1 year to 5 years or longer.

    What is the expense ratio of HDFC Floating Rate Debt Wholesale Plan Fund (Growth)?

    An expense ratio of 0.48% is charged by HDFC Floating Rate Debt Wholesale Plan Fund (Growth).

    Does HDFC Floating Rate Debt Wholesale Plan Fund (Growth) charge exit load?

    No exit load on redemption of the units. Switching between Options within the same Plan within a Scheme will not incur any exit charges. Unless the investment was made directly, without the use of a distributor code, a switch to a Direct Plan within the same Scheme will be subject to the applicable exit load. However, there will be no exit load on any subsequent switch-outs or redemptions of such investments from the Direct Plan. Switching from the Direct Plan to the Non-Direct Plan within the same Scheme has no exit load. Any subsequent switch out or redemption from the non-Direct Plan, on the other hand, will be subject to an exit load depending on the original date of investment in the Direct Plan.

    What is the NAV of HDFC Floating Rate Debt Wholesale Plan Fund (Growth)?

    As of 14th April 2022, the net asset value NAV of HDFC Floating Rate Debt Wholesale Plan Fund (Growth) is Rs  39.56

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