Formerly HDFC Floating Rate Debt Whls Gr
Floater 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.
The fund has been a Category Leader on the Fund Size metric
The performance of the fund on a Rolling Returns metric has been Good
Investment Duration5 years
Total Corpus Created (₹)With CAGR of 11.25 % in 5 years
NAV (Jun 5)
6 Month CAGR
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.
Launched (16y ago)
Oct 23, 2007
AUM in Crores
CRISIL Short Term Bond TR INR
Standard Deviation (3yr)
Standard Deviation (5yr)
Sharpe Ratio (3yr)
Sharpe Ratio (5yr)
with step up of
|HDFC Floating Rate Debt Plan (Growth)||8,65,512||1,32,900||6.9%|
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.
|Fund Name||Fund Size||Rolling Returns|
₹ 51,579 cr
₹ 14,509 cr
₹ 8,475 cr
₹ 14,524 cr
₹ 17,853 cr
HDFC Asset Management Company Limited
|Fund Name||Scripbox Opinion||Till Date CAGR|
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.
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
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.
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.
|Stock Holding||Percentage of Holding|
|4.68% Govt Stock 2034||12.60%|
|4.93% Govt Stock 2028||5.30%|
|5.53% Govt Stock 2033||5%|
|Housing Development Finance Corporation Limited||3.70%|
|Power Finance Corporation Ltd.||3.20%|
|Panatone Finvest Limited||3%|
|Treps – Tri-Party Repo||2.40%|
|Rural Electrification Corporation Limited||2.40%|
|Embassy Office Parks Reit||2.30%|
|Net Current Assets||2.20%|
|Muthoot Finance Limited||2%|
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.
An expense ratio of 0.48% is charged by HDFC Floating Rate Debt Wholesale Plan Fund (Growth).
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.
As of 14th April 2022, the net asset value NAV of HDFC Floating Rate Debt Wholesale Plan Fund (Growth) is Rs 39.56