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 September 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 September 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 : ₹ 1221.11 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.

Monthly end AUM : ₹ 1,259.64 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. Suyash Choudhary (w.e.f. 28th July 2021), Mr. Arvind Subramanian & Mr. Anurag Mittal (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

0.62 years
Average Maturity 1.17 years
Macaulay Duration 0.65 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.

4.02%
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 September 30, 2021
Plan Option Freq NAV
Regular Plan Growth - 10.2418
Regular Plan IDCW@ Daily 10.0258
Regular Plan IDCW@ Weekly 10.0291
Regular Plan IDCW@ Monthly 10.0280
Regular Plan IDCW@ Periodic 10.2418
Regular Plan IDCW@ Quarterly 10.0345
Regular Plan IDCW@ Annual 10.2414
@Income Distribution and Capital Withdrawal


NameRating% of NAV
Corporate Bond 34.76%
HDFC AAA 10.85%
REC AAA 8.91%
Summit Digitel Infrastructure Private AAA 3.96%
Sikka Ports and Terminals AAA 2.49%
Reliance Industries AAA 2.02%
Bharti Hexacom AA+ 2.00%
Jamnagar Utilities & Power Private AAA 1.68%
NABARD AAA 1.20%
Larsen & Toubro AAA 0.82%
Hindalco Industries AA+ 0.82%
Commercial Paper 17.64%
Reliance Industries A1+ 7.89%
Kotak Mahindra Prime A1+ 5.85%
Kotak Mahindra Investments A1+ 3.90%
Floating Rate Note 12.30%
Axis Bank A1+ 6.75%
Kotak Mahindra Bank A1+ 5.55%
Government Bond 11.47%
5.63% - 2026 G-Sec SOV 8.32%
FRB - 2024 Gsec SOV 3.14%
Treasury Bill 3.94%
182 Days Tbill - 2021 SOV 3.94%
Certificate of Deposit 1.16%
Axis Bank A1+ 1.16%
Net Cash and Cash Equivalent 18.71%
Grand Total 100.00%
Portfolio has 45.25% 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