HDFC Floating Rate Debt Fund - Growth - Regular Plan

Item: HDFC Floating Rate Debt Fund - Growth - Regular Plan
Rating: 1
Author: PersonalFN

₹37.1838 0.02 %Nav, as on 29-10-2020
Previous Nav
₹ 37.1767
Net Change on 29-10-2020
₹0.01
PersonalFN Rating
Category
Debt - Floater Fund
Assets (Cr.)
₹ 13,350.52
Expense Ratio
0.48%
(As on Sep 30, 2020)

Fund Overview Growth | Regular Plan

Fund House
HDFC Mutual Fund
Launch Date
23-Oct-2007
Benchmark
Crisil 1 Yr T-Bill Index
Minimum Investment (₹)
5,000
Minimum Addl Investment (₹)
1
Exit Load (%)
Nil
Minimum SIP Investment (₹)
300
Minimum STP Investment (₹)
500
Minimum SWP Investment (₹)
500
52 Week Low Nav (₹)
34.12
52 Week Low Nav Date
29-Oct-2019
52 Week High Nav (₹)
37.18
52 Week High Nav Date
29-Oct-2020

Fund 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.

Fund Performance

Scheme Name	1-Month Return (%)	3-Month Return (%)	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Since Inception
HDFC Floating Rate Debt Fund - Wholesale Growth Option	12.28	7.68	8.96	8.03	8.10	8.29
Crisil 1 Yr T-Bill Index	N/A	N/A	N/A	N/A	N/A	N/A
Crisil Liquid Fund Index	N/A	N/A	N/A	N/A	N/A	N/A

Returns upto 1 year is Annualised, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name	Launch Date	Ratings	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Expense Ratio (%)	Assets (Cr.)
HDFC Floating Rate Debt Fund - Wholesale Growth Option	Oct 23, 2007		8.96	8.03	8.10	0.48	13,350.52
Nippon India Floating Rate Fund - Growth Plan-Growth Option	Sep 02, 2004		11.07	8.18	8.09	0.57	12,371.52
ICICI Prudential Floating Interest Fund - Growth	Nov 17, 2005		9.10	7.76	7.89	1.31	9,843.69
Aditya Birla Sun Life Floating Rate Fund-Regular Plan-Growth	Mar 25, 2009		8.64	8.12	8.28	0.36	7,110.25
Franklin India Floating Rate Fund - Growth Plan	Apr 23, 2001	Unrated	6.23	6.72	6.47	0.95	162.59

Fund Holdings as on 30-September-2020

Company % Assets
TREPS - Tri-party Repo
6.47
6.79 GOI 2027
3.05
Nabha Power Ltd. (Corporate Guarantee of L&T Ltd.)^
2.83
7.59 GOI 2026
2.68
Axis Bank Ltd.^
2.63
Tata Teleservices Ltd.^
2.55
Sikka Port and Terminal Ltd. (erstwhile Reliance Ports and Terminals Ltd.)^
2.45
Tata Motors Ltd.^
2.23
Union Bank of India (Perpetual) (AT1) (Basel III)^
2.15
Embassy Office Parks REIT
2.06
National Bank for Agri & Rural Dev.
2.04
Canara Bank (Perpetual) (AT1) (Basel III)^
1.98
Net Current Assets
1.87
Housing Development Fin. Corp. Ltd.£^
1.74
L&T INFRASTRUCTURE FINANCE LTD.^
1.72
Housing Development Fin. Corp. Ltd.£
1.72
Power Finance Corporation Ltd.^
1.70
National Bank for Agri & Rural Dev.^
1.55
State Bank of India
1.50
Grasim Industries Ltd.^
1.49
National Bank for Agri & Rural Dev.^
1.48
The Federal Bank Ltd.^
1.48
Tata Motors Finance Ltd.^
1.42
Vedanta Ltd.^
1.42
Aditya Birla Finance Ltd.^
1.39
REC Limited.^
1.35
LIC Housing Finance Ltd.^
1.27
ICICI Bank Ltd.^
1.22
Reliance Industries Ltd.^
1.17
Grasim Industries Ltd.^
1.16
REC Limited.^
1.14
Manappuram Finance Ltd.^
1.06
REC Limited.
0.98
REC Limited.
0.97
Power Finance Corporation Ltd.^
0.94
Axis Bank Ltd.^
0.93
Reliance Jio Infocomm Ltd.^
0.92
Canara Bank (Perpetual) (AT1) (Basel III)^
0.88
6.97 GOI 2026
0.79
Power Finance Corporation Ltd.^
0.77
L&T INFRASTRUCTURE FINANCE LTD.^
0.77
National Housing Bank^
0.76
Power Finance Corporation Ltd.^
0.76
National Housing Bank^
0.75
Canara Bank (Perpetual) (AT1) (Basel III)^
0.75
TATA Capital Housing Finance Ltd.^
0.74
SCB Inv & Loan (I) Ltd^
0.74
State Bank of India (Perpetual) (AT1) (Basel III)^
0.68
TMF Holdings Ltd. (Subsidiary of Tata Motors Ltd.)^
0.65
Reliance Industries Ltd.^
0.59
Power Finance Corporation Ltd.
0.58
Housing Development Fin. Corp. Ltd.£
0.58
Axis Bank Ltd. (Perpetual) (AT1) (Basel III)^
0.57
Housing Development Fin. Corp. Ltd.£
0.56
Axis Bank Ltd.^
0.56
National Bank for Agri & Rural Dev.^
0.55
National Bank for Agri & Rural Dev.^
0.55
Small Industries Development Bank^
0.55
LIC Housing Finance Ltd.^
0.55
Vedanta Ltd.^
0.54
TATA Housing Development Co Ltd.^
0.53
IndInfravit Trust^
0.49
Indusind Bank Ltd.^
0.48
REC Limited.^
0.47
LIC Housing Finance Ltd.^
0.43
National Bank for Agri & Rural Dev.
0.40
LIC Housing Finance Ltd.
0.40
Power Finance Corporation Ltd.^
0.40
LIC Housing Finance Ltd.^
0.40
National Bank for Agri & Rural Dev.^
0.39
Reliance Industries Ltd.^
0.39
Larsen and Toubro Ltd.^
0.39
National Highways Authority of India
0.39
Housing Development Fin. Corp. Ltd.£^
0.39
LIC Housing Finance Ltd.^
0.39
Housing Development Fin. Corp. Ltd.£
0.39
REC Limited.^
0.38
Manappuram Finance Ltd.^
0.38
LIC Housing Finance Ltd.
0.38
Manappuram Finance Ltd.^
0.38
REC Limited.^
0.38
Bharat Petroleum Corporation Ltd.^
0.37
Axis Bank Ltd.^
0.37
Housing Development Fin. Corp. Ltd.£^
0.37
Tata Motors Ltd.^
0.37
TATA Housing Development Co Ltd.^
0.37
Tata Projects Ltd.^
0.36
Vedanta Ltd.^
0.35
NTPC Limited^
0.35
Power Finance Corporation Ltd.^
0.34
Reliance Industries Ltd.^
0.31
5.22 GOI 2025
0.30
HSBC InvestDirect Financial Services (India) Ltd.^
0.29
7.27 GOI 2026
0.28
5.79 GOI 2030
0.26
Sikka Port and Terminal Ltd. (erstwhile Reliance Ports and Terminals Ltd.)^
0.24
First Business Receivables Trust (PTC banked by receivables from Reliance Corporate IT Park Limited)^
0.23
AUROUS TRUST JAN 20 (PTC of pools from IIFL Finance Limited)^
0.22
First Business Receivables Trust (PTC banked by receivables from Reliance Corporate IT Park Limited)^
0.20
REC Limited.^
0.20
REC Limited.
0.20
Power Finance Corporation Ltd.^
0.19
Power Finance Corporation Ltd.
0.19
Power Finance Corporation Ltd.^
0.19
Power Finance Corporation Ltd.^
0.19
Power Finance Corporation Ltd.^
0.19
State Bank of India (Perpetual) (AT1) (Basel III)^
0.19
Power Finance Corporation Ltd.^
0.19
REC Limited.
0.19
Tata Motors Ltd.^
0.19
Oriental Bank of Commerce^
0.19
Bank of Baroda^
0.18
The Federal Bank Ltd.^
0.15
Power Finance Corporation Ltd.^
0.14
Housing and Urban Development Corporation Ltd.^
0.14
State Bank of India^
0.11
Gujarat Road and Infra Co Ltd.^
0.09
LIC Housing Finance Ltd.^
0.08
Power Finance Corporation Ltd.^
0.08
Bank of Baroda (Perpetual) (AT1) (Basel III)
0.07
Power Finance Corporation Ltd.^
0.06
First Business Receivables Trust (PTC banked by receivables from Reliance Corporate IT Park Limited)^
0.05
First Business Receivables Trust (PTC banked by receivables from Reliance Corporate IT Park Limited)^
0.05
First Business Receivables Trust (PTC banked by receivables from Reliance Corporate IT Park Limited)^
0.05
First Business Receivables Trust (PTC banked by receivables from Reliance Corporate IT Park Limited)^
0.05
Housing Development Fin. Corp. Ltd.£^
0.04
Reliance Industries Ltd.
0.04
Jamnagar Utilities & Power Pvt. Ltd. (erstwhile Reliance Utilities & Power Pvt. Ltd.)^
0.04
REC Limited.
0.04
Tata Sons Ltd.^
0.03
Tata Sons Ltd.^
0.03

Sector Holding%
Miscellaneous
58.62

Fund Manager

Shobhit Mehrotra

Education:B. Text.,M.S. MBA(Clemson University, SC,USA)
Experience:20 Years
Basic Details:Mr. Shobhit Mehrotra has collective experience of over 20 years in Fixed Income markets, Fixed Income dealing and credit rating etc. He is with HDFC AMC since Feb 2004. Prior to this he has worked with Templeton Asset Management (India) Pvt Ltd. And ICRA Ltd.
Funds Managed:
HDFC Credit Risk Debt Fund
HDFC Floating Rate Debt Fund
HDFC Hybrid Debt Fund
HDFC Income Fund
HDFC Medium Term Debt Fund
HDFC Retirement Savings Fund - Equity Plan
HDFC Retirement Savings Fund - Hybrid-Debt Plan
HDFC Retirement Savings Fund - Hybrid-Equity Plan

Vikas Agrawal

Education:B.Com, PGDBM (Finance)
Experience:10 Years
Basic Details:Mr. Vikas Agrawal has 10 years of work experience in fixed income market and has worked with debt broking companies in area of debt capital markets (DCM). In his earlier assignments, he was responsible for trading,origination and placement of short term / long term debt products. He was associated with the AMC since June 2007 as Debt Dealer.
Funds Managed:
HDFC Floating Rate Debt Fund
HDFC Money Market Fund
JM Dynamic Debt Fund
JM Income Fund
JM Income Fund
JM Low Duration Fund

Chirag Dagli

Holding Type Holding %
CARE - A1+
3.95
CARE - AA
3.62
CARE - AA-
2.15
CARE - AAA
4.82
Cash
8.34
CRISIL - A1+
15.95
CRISIL - A1+(SO)
0.22
CRISIL - AA
4.12
CRISIL - AA+
1.51
CRISIL - AAA
35.61
CRISIL - AAA(SO)
0.63
ICRA - A1+
2.33
ICRA - AA-
0.65
ICRA - AAA
2.94
ICRA - AAA(CE)
2.83
IND - A1+
2.59
IND - AAA
0.34
Sovereign
7.36

About HDFC Floating Rate Debt Fund

Scheme Analysis

HDFC Floating Rate Debt Fund is a Debt - Floater Fund fund and belongs to HDFC Mutual Fund. It was launched on 23-Oct-2007 and currently has an AUM of ₹13,350.52 crore. HDFC Floating Rate Debt Fund is benchmarked against Crisil 1 Yr T-Bill Index as primary index and Crisil Liquid Fund Index as secondary index.

The NAV of HDFC Floating Rate Debt Fund ended up ₹0.01(0.02%)yesterday to ₹37.1838.

Among its top 3 holdings the fund has exposure to TREPS - Tri-party Repo, and

The HDFC Floating Rate Debt Fund is managed by Shobhit Mehrotra and Vikas Agrawal.

Fund House Contact

Address:

HDFC House, 2nd floor, H.T. Parekh Marg, 165-166 Backbay Reclamation, Churchgate Mumbai - 400 020

Phone Number: +91 (22) 66316333

Email Address: cliser@hdfcindia.com

Fax Number: +91 (22) 22821144

Website: www.hdfcfund.com

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