HDFC Floating Rate Debt Fund - Growth - Regular Plan

₹33.81 0.04 %Nav, as on 16-09-2019
Previous Nav
₹ 33.7995
Net Change on 16-09-2019
₹0.01
PersonalFN Rating
Unrated
Category
Debt - Floater Fund
Assets (Cr.)
₹ 11,435.59
Expense Ratio
0.38%
(As on Aug 31, 2019)

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 (₹)
31.04
52 Week Low Nav Date
25-Sep-2018
52 Week High Nav (₹)
33.80
52 Week High Nav Date
13-Sep-2019

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	8.93	9.23	8.87	7.61	8.19	8.23
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	Unrated	8.87	7.61	8.19	0.38	11,435.59
ICICI Prudential Floating Interest Fund - Growth	Nov 17, 2005	Unrated	8.18	7.25	7.82	1.31	7,234.86
Reliance Floating Rate Fund - Growth Plan-Growth Option	Sep 02, 2004	Unrated	9.65	7.00	7.91	0.60	6,217.05
Aditya Birla Sun Life Floating Rate Fund-Regular Plan-Growth	Mar 25, 2009		9.30	7.80	8.44	0.38	5,986.40
Franklin India Floating Rate Fund - Growth Plan	Apr 23, 2001	Unrated	7.49	6.54	6.44	0.95	237.40

Fund Holdings as on 31-August-2019

Company % Assets
LIC Housing Finance Ltd.**
5.96
Export - Import Bank of India**
4.23
Nabha Power Ltd. (Corporate Guarantee of L&T Ltd.)**
3.49
National Housing Bank**
3.13
Power Finance Corporation Ltd**
2.85
Housing Development Fin. Corp. Ltd.$**
2.78
6.79 GOI 2027
2.64
Axis Bank Ltd.
2.63
Small Industries Development Bank**
2.59
Union Bank of India**
2.44
Net Current Assets
2.43
Syndicate Bank**
2.25
National Bank for Agri & Rural Dev.**
2.25
National Bank for Agri & Rural Dev.**
2.19
Shriram City Union Finance Ltd.**
2.18
Shriram City Union Finance Ltd.**
2.16
National Bank for Agri & Rural Dev.**
2.13
ICICI Bank Ltd.**
2.12
Indusind Bank Ltd.**
2.08
Rural Electrification Corporation Ltd.**
1.98
Indusind Bank Ltd.**
1.90
Power Finance Corporation Ltd**
1.76
Punjab National Bank**
1.70
JM Financial Credit Solutions Ltd**
1.50
Housing and Urban Development Corporation Ltd.**
1.32
Axis Bank Ltd.
1.31
Shriram Transport Finance Co. Ltd.**
1.29
Small Industries Development Bank**
1.27
ICICI Bank Ltd.**
1.27
Small Industries Development Bank**
1.27
National Housing Bank**
1.19
Andhra Bank**
1.10
Axis Bank Ltd.**
1.06
Bank of Baroda**
1.06
IDFC First Bank Limited**
1.06
National Bank for Agri & Rural Dev.**
1.05
Housing Development Fin. Corp. Ltd.$**
0.91
Housing Development Fin. Corp. Ltd.$**
0.90
Housing Development Fin. Corp. Ltd.$**
0.88
Housing Development Fin. Corp. Ltd.$**
0.88
National Bank for Agri & Rural Dev.**
0.88
LIC Housing Finance Ltd.**
0.86
Canara Bank**
0.85
Small Industries Development Bank**
0.85
Kotak Mahindra Prime Ltd.**
0.83
Fullerton India Credit Company Ltd.**
0.83
State Bank of India**
0.78
HPCL-Mittal Energy Limited**
0.74
6.79 GOI 2029
0.66
Indiabulls Housing Finance Ltd.**
0.66
Axis Bank Ltd.**
0.65
The Federal Bank Ltd.**
0.64
Reliable Devices Trust (PTC banked by receivables from Reliance Retail Limited)**
0.47
IDFC First Bank Limited**
0.46
7.27 GOI 2026
0.46
7.17 GOI 2028
0.45
Housing Development Fin. Corp. Ltd.$**
0.45
Rural Electrification Corporation Ltd.**
0.44
LIC Housing Finance Ltd.**
0.44
Housing Development Fin. Corp. Ltd.$**
0.44
LIC Housing Finance Ltd.**
0.44
Housing Development Fin. Corp. Ltd.$**
0.44
Volkswagen Finance Private Limited**
0.44
Bharti Airtel Ltd.**
0.43
Indusind Bank Ltd.**
0.43
Axis Bank Ltd.**
0.43
ICICI Bank Ltd.**
0.43
ICICI Bank Ltd.**
0.43
Rural Electrification Corporation Ltd.**
0.43
ICICI Bank Ltd.**
0.42
Axis Bank Ltd.**
0.34
Indusind Bank Ltd.**
0.30
State Bank of India**
0.22
National Bank for Agri & Rural Dev.**
0.22
LIC Housing Finance Ltd.**
0.22
Power Finance Corporation Ltd**
0.22
Power Finance Corporation Ltd**
0.22
HDB Financial Services Ltd.**
0.22
Gujarat Road and Infra Co Ltd**
0.22
Gujarat Road and Infra Co Ltd**
0.22
Punjab National Bank**
0.21
LIC Housing Finance Ltd.**
0.21
LIC Housing Finance Ltd.**
0.20
Vedanta Ltd.**
0.13
LIC Housing Finance Ltd.**
0.09
HDB Financial Services Ltd.**
0.09
Collateralised Borrowing & Lending Obligation
0.07
9.23% Gujarat SDL - Mat 300322
0.05
Housing Development Fin. Corp. Ltd.$**
0.04
Reliance Industries Ltd.**
0.04
Power Finance Corporation Ltd**
0.04
Indusind Bank Ltd.**
0.04
Tata Sons Ltd.**
0.04
Power Grid Corporation of India Ltd**
0.01
Power Grid Corporation of India Ltd**
0.01
7.69% Gujarat SDL - Mat 201227
0.00

Sector Holding%
Miscellaneous
51.13

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 ₹11,435.59 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(0.04%)yesterday to ₹33.81.

Among its top 3 holdings the fund has exposure to LIC Housing Finance Ltd.**, Export - Import Bank of India** and Nabha Power Ltd. (Corporate Guarantee of L&T Ltd.)**

The HDFC Floating Rate Debt Fund is managed by Shobhit Mehrotra and Amar Kalkundrikar.

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

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

Amar Kalkundrikar

Holding Type Holding %
CARE - A+
2.25
CARE - A1+
7.50
CARE - AA+
4.56
CARE - AA-
2.44
CARE - AAA
11.25
CARE - AAA(SO)
0.44
Cash
2.50
CRISIL - A1+
25.44
CRISIL - AA
1.41
CRISIL - AA+
1.43
CRISIL - AAA
17.38
ICRA - A1+
8.72
ICRA - AA+
0.74
ICRA - AAA
1.76
ICRA - AAA(SO)
3.96
IND - AA+
1.29
IND - AAA
2.69
Sov
4.26

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