IDFC Floating Rate Fund Satellite Bucket
An Open-ended Debt Scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to
floating rate exposures using swaps/derivatives). A Scheme with Moderate Interest Rate Risk and Moderate Credit Risk.
IDFC Floating Rate Fund Satellite Bucket
An Open-ended Debt Scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to
floating rate exposures using swaps/derivatives). A Scheme with Moderate Interest Rate Risk and Moderate Credit Risk.
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Category: Floater Fund
: ₹ 1,200.62 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
: ₹ 1,177.14 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
:
An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.
Other Parameter:
| Modified Duration
Modified duration is the price sensitivity and the percentage change in price for a unit change in yield | 0.48 years |
| Average Maturity | 0.73 years |
| Macaulay Duration | 0.50 years |
| Yield to Maturity
The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity. | 4.07% |
| Total Expense Ratio | |
| Regular | 0.76% |
| Direct | 0.28% |
SIP (Minimum Amount): ₹ 1,000/- and in multiples of Re.1 thereafter (minimum 6 installments)
SIP Frequency: Monthly
SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.
Investment Objective: Click here
Minimum Investment Amount : Fresh Purchase ₹ 5,000/- and any amount thereafter
Option Available : Growth & IDCW@ Option - Daily, Weekly, Monthly, Quarterly, Annual and Periodic (each with Reinvestment, Payout and Sweep facility)
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Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.
NAV (₹) as on November 30, 2021
| Plan | Option | Freq | NAV |
| Regular Plan | Growth | - | 10.2892 |
| Regular Plan | IDCW@ | Daily | 10.0258 |
| Regular Plan | IDCW@ | Weekly | 10.0281 |
| Regular Plan | IDCW@ | Monthly | 10.0261 |
| Regular Plan | IDCW@ | Periodic | 10.2892 |
| Regular Plan | IDCW@ | Quarterly | 10.0809 |
| Regular Plan | IDCW@ | Annual | 10.2887 |
| Name | Rating | % of NAV |
| Corporate Bond | 32.29% | |
| REC | AAA | 9.49% |
| HDFC | AAA | 7.31% |
| Summit Digitel Infrastructure Private | AAA | 4.19% |
| Sikka Ports and Terminals | AAA | 2.65% |
| NABARD | AAA | 2.56% |
| Bharti Hexacom | AA+ | 2.13% |
| Jamnagar Utilities & Power Private | AAA | 1.79% |
| Larsen & Toubro | AAA | 0.88% |
| Hindalco Industries | AA+ | 0.87% |
| National Housing Bank | AAA | 0.43% |
| Commercial Paper | 21.08% | |
| Kotak Mahindra Prime | A1+ | 8.39% |
| Bajaj Finance | A1+ | 6.37% |
| Kotak Mahindra Investments | A1+ | 4.20% |
| Reliance Industries | A1+ | 2.12% |
| Floating Rate Note | 13.16% | |
| Axis Bank | A1+ | 7.22% |
| Kotak Mahindra Bank | A1+ | 5.94% |
| Treasury Bill | 4.24% | |
| 182 Days Tbill - 2021 | SOV | 4.24% |
| Government Bond | 3.37% | |
| 2024 G-Sec FRB | SOV | 3.37% |
| Certificate of Deposit | 1.25% | |
| Axis Bank | A1+ | 1.25% |
| Net Cash and Cash Equivalent | 24.60% | |
| Grand Total | 100.00% | |
| Portfolio has 44.17% exposure to Interest Rate Swaps |
Scheme risk-o-meter
Investors understand that their principal will be at Low to Moderate risk
This product is suitable for investors who are seeking*
- To generate short-term optimal returns.
- To invest predominantly in floating rate instruments.
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Benchmark risk-o-meter
Nifty Low Duration Debt Index
The scheme has been in existence for less than 1 year, hence performance has not been disclosed.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
Click here for other funds managed by the fund manager and refer to the respective fund pages
