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.

31st January 2023

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.

31st January 2023

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 : ₹ 346.36 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 : ₹ 342.71 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)
Other Parameter:
Standard Deviation (Annualized)

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

0.92%
Modified Duration

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

0.98 years
Average Maturity 1.06 years
Macaulay Duration 0.00 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.

7.56%
Total Expense Ratio
Regular0.83%
Direct0.34%
Benchmark: Nifty Low Duration Debt Index
SIP (Minimum Amount): ₹ 100/- and in multiples of Re.1 thereafter (minimum 6 installments)
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : Fresh Purchase ₹ 1,000/- 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 January 31, 2023
Plan Option Freq NAV
Regular Plan Growth - 10.7477
Regular Plan IDCW@ Daily 10.0258
Regular Plan IDCW@ Weekly 10.0290
Regular Plan IDCW@ Monthly 10.0280
Regular Plan IDCW@ Periodic 10.7475
Regular Plan IDCW@ Quarterly 10.1109
Regular Plan IDCW@ Annual 10.3597
@Income Distribution and Capital Withdrawal
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.


NameRating% of NAV
Certificate of Deposit 61.36%
Export Import Bank of India A1+ 13.98%
State Bank of India A1+ 13.95%
ICICI Bank A1+ 11.06%
Axis Bank A1+ 11.06%
Kotak Mahindra Bank A1+ 8.41%
HDFC Bank A1+ 2.91%
Corporate Bond 12.93%
REC AAA 8.59%
Larsen & Toubro AAA 2.91%
National Housing Bank AAA 1.43%
Government Bond 12.69%
5.63% - 2026 G-Sec SOV 9.78%
7.38% - 2027 G-Sec SOV 1.47%
7.1% - 2029 G-Sec SOV 1.44%
Commercial Paper 10.90%
HDFC A1+ 10.90%
Net Cash and Cash Equivalent 2.12%
Grand Total 100.00%



The scheme has been in existence for more than 1 year but less than 3 years or 5 years. Performance based on NAV as on 31/01/2023. Past performance may or may not be sustained in future.
Click here for other funds managed by the fund manager and refer to the respective fund pages


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



This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to the interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order greater than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio maturity of the scheme as well and exercise adequate due diligence when deciding to make their investments.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
Mr. Arvind Subramanian managed this scheme up to 15th July, 2022.