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)
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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)
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 June'21)
Category: Floater Fund
Monthly Avg AUM: Rs821.11 Crores
Inception Date: 18th February
2021
Fund Manager:
Mr. Anurag
Mittal &
Mr. Arvind Subramanian
Modified duration: 0.60 years
Average Maturity: 1.33 years
Macaulay Duration: 0.64 years
Yield to Maturity: 4.18%
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 June 2021) |
| Name | Rating | Total(%) |
| 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% |
ASSET QUALITY
RISKOMETER
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.
|
 | 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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 @IDFCMF | |