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)

30th June 2021

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)

30th June 2021

About the Fund: The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instruments swapped for floating returns and other debt and money market instruments.
Category: Floater Fund
Monthly Avg AUM : ₹ 798.43 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.

Monthly end AUM : ₹ 821.11 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.

Inception Date: 18 February 2021
Fund Manager :

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.

Mr. Anurag Mittal & Mr. Arvind Subramanian (w.e.f. 18th February 2021)
Other Parameter:
Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

0.60 years
Average Maturity 1.33 years
Macaulay Duration 0.64 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.

4.18%
Total Expense Ratio
Regular0.75%
Direct0.27%
Benchmark: Nifty Low Duration Debt Index
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)
Exit Load :

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.

NIL
NAV (₹) as on June 30, 2021
Plan Option Freq NAV
Regular PlanGrowth - 10.1394
Regular PlanIDCW@ Daily 10.0257
Regular PlanIDCW@ Weekly 10.0261
Regular PlanIDCW@ Monthly 10.0260
Regular PlanIDCW@ Periodic 10.1390
Regular PlanIDCW@ Quarterly10.0303
Regular PlanIDCW@ Annual 10.1387
@Income Distribution and Capital Withdrawal


NameRating% of NAV
Corporate Bond 38.62%
HDFC AAA 10.57%
REC AAA 8.16%
Summit Digitel Infrastructure Private AAA 6.08%
Sikka Ports and Terminals AAA 3.83%
Bharti Hexacom AA 3.01%
Jamnagar Utilities & Power Private AAA 2.59%
NABARD AAA 1.83%
Hindalco Industries AA 1.27%
Larsen & Toubro AAA 1.27%
Floating Rate Note 18.86%
Axis Bank A1+ 10.35%
Kotak Mahindra Bank A1+ 8.51%
Certificate of Deposit 17.38%
NABARD A1+ 8.32%
RBL Bank A1+ 4.83%
IndusInd Bank A1+ 4.23%
Government Bond 7.31%
2024 G-Sec FRB SOV 4.81%
6.18% - 2024 G-Sec SOV 2.51%
Treasury Bill 6.58%
182 Days Tbill - 2021 SOV 5.99%
364 Days Tbill - 2022 SOV 0.59%
Net Cash and Cash Equivalent 11.25%
Grand Total 100.00%
Portfolio has 38.36% exposure to Interest Rate Swaps


  • 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.





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