IDFC FLOATING RATE FUND
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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IDFC FLOATING RATE FUND
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 is our offering in the Satellite
bucket for a minimum recommended horizon of 6
months.
The fund is proposed under the Satellite Bucket offering
which means it will not run a constrained duration or
constrained credit risk strategies.
Currently the fund proposes to run a low to short
duration risk profile with some allocation to sub AAA
strategies.
However, currently the fund aims to maintain a minimum
of 70% in AAA/A1+Equivalent/Sovereign/Quasi
Sovereign (at the time of investment). Further the fund
does not aim to invest in securities rated lower than AA
(at the point of investment).
FUND FEATURES: (Data as on 30th November'21)
Category: Floater Fund
Monthly Avg AUM: Rs1,200.62 Crores
Inception Date: 18th February
2021
Fund Manager:
Mr. Suyash Choudhary
(w.e.f. 28th July 2021), Mr. Arvind
Subramanian (w.e.f. 18th February 2021)
Modified duration: 0.48 years
Average Maturity: 0.73 years
Macaulay Duration: 0.50 years
Yield to Maturity: 4.07%
Benchmark: Nifty Low Duration
Debt Index
Minimum Investment Amount: Fresh Purchase – Rs5,000/- in any amount thereafter.
Exit Load: Nil
Options Available: Growth & IDCW@
Option – Daily, Weekly, Monthly,
Quarterly, Annual and Periodic (each
with Reinvestment, Payout and Sweep
facility).
Maturity Bucket:
@Income Distribution cum capital withdrawal
| PORTFOLIO | (30 November 2021) |
| Name | Rating | Total(%) |
| 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% |
ASSET QUALITY
POTENTIAL RISK CLASS MATRIX
RISKOMETER
Scheme risk-o-meter
Benchmark risk-o-meter
This product is suitable for investors who are seeking*:
• To generate optimal returns over long term
• To invest predominantly in floating rate instruments
*Investors should consult their financial advisors if in doubt
about whether the product is suitable for them.
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Gsec/SDL yields have been annualized wherever applicable
 | Contact your Financial Advisor |
 | Call toll free 1800-2-6666-88 |
| Contact your Financial Advisor | Call toll free 1800-2-6666-88 |
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