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)
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)
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Category: Floater Fund
: ₹ 1,057.10 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.
: ₹ 1,169.14 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 | 0.65 years |
| Average Maturity | 1.22 years |
| Macaulay Duration | 0.68 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. | 3.91% |
| Total Expense Ratio | |
| Regular | 0.75% |
| Direct | 0.27% |
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 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 August 31, 2021
| Plan | Option | Freq | NAV |
| Regular Plan | Growth | - | 10.2211 |
| Regular Plan | IDCW@ | Daily | 10.0258 |
| Regular Plan | IDCW@ | Weekly | 10.0327 |
| Regular Plan | IDCW@ | Monthly | 10.0266 |
| Regular Plan | IDCW@ | Periodic | 10.2210 |
| Regular Plan | IDCW@ | Quarterly | 10.1114 |
| Regular Plan | IDCW@ | Annual | 10.2207 |
| Name | Rating | % of NAV |
| Corporate Bond | 39.31% | |
| HDFC | AAA | 11.72% |
| REC | AAA | 9.64% |
| NABARD | AAA | 5.22% |
| Summit Digitel Infrastructure Private | AAA | 4.27% |
| Sikka Ports and Terminals | AAA | 2.70% |
| Bharti Hexacom | AA | 2.15% |
| Jamnagar Utilities & Power Private | AAA | 1.82% |
| Hindalco Industries | AA+ | 0.89% |
| Larsen & Toubro | AAA | 0.89% |
| Commercial Paper | 16.85% | |
| Reliance Industries | A1+ | 6.37% |
| Kotak Mahindra Prime | A1+ | 6.28% |
| UltraTech Cement | A1+ | 4.20% |
| Floating Rate Note | 13.26% | |
| Axis Bank | A1+ | 7.28% |
| Kotak Mahindra Bank | A1+ | 5.99% |
| Government Bond | 9.37% | |
| 5.63% - 2026 Gsec | SOV | 5.98% |
| FRB - 2024 Gsec | SOV | 3.39% |
| Certificate of Deposit | 8.03% | |
| NABARD | A1+ | 3.78% |
| IndusInd Bank | A1+ | 2.99% |
| Axis Bank | A1+ | 1.25% |
| Treasury Bill | 4.66% | |
| 182 Days Tbill - 2021 | SOV | 4.24% |
| 364 Days Tbill - 2022 | SOV | 0.42% |
| Net Cash and Cash Equivalent | 8.54% | |
| Grand Total | 100.00% | |
| Portfolio has 45.76% 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
