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 31st October'21)
Category: Floater Fund
Monthly Avg AUM: Rs1,272.05 Crores
Inception Date: 18th February
2021
Fund Manager:
Mr. Suyash Choudhary
(w.e.f. 28th July 2021), Mr. Arvind Subramanian
Modified duration: 0.84 years
Average Maturity: 1.17 years
Macaulay Duration: 0.87 years
Yield to Maturity: 4.24%
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 | (31 October 2021) |
| Name | Rating | Total(%) |
| Corporate Bond | 27.99% | |
| REC | AAA | 8.69% |
| HDFC | AAA | 6.70% |
| Summit Digitel Infrastructure Private | AAA | 3.83% |
| Sikka Ports and Terminals | AAA | 2.43% |
| Bharti Hexacom | AA+ | 1.94% |
| Jamnagar Utilities & Power Private | AAA | 1.64% |
| NABARD | AAA | 1.17% |
| Larsen & Toubro | AAA | 0.80% |
| Hindalco Industries AA+ | 0.80% | |
| Commercial Paper | 17.29% | |
| Reliance Industries | A1+ | 7.74% |
| Kotak Mahindra Prime | A1+ | 5.73% |
| Kotak Mahindra Investments | A1+ | 3.82% |
| Government Bond | 14.28% | |
| 5.63% - 2026 G-Sec | SOV | 11.20% |
| GOI FRB 2024 | SOV | 3.08% |
| Floating Rate Note | 12.03% | |
| Axis Bank | A1+ | 6.60% |
| Kotak Mahindra Bank | A1+ | 5.43% |
| Treasury Bill | 3.87% | |
| 182 Days Tbill - 2021 | SOV | 3.87% |
| Certificate of Deposit | 1.14% | |
| Axis Bank | A1+ | 1.14% |
| Net Cash and Cash Equivalent | 23.39% | |
| Grand Total | 100.00% |
ASSET QUALITY
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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 @IDFCMF | |