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
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 28th February'22)
Category: Floater Fund
Monthly Avg AUM: Rs917.81 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)
Standard Deviation (Annualized): 0.38%
Modified duration: 0.59 years
Average Maturity: 0.68 years
Macaulay Duration: 0.61 years
Yield to Maturity: 4.31%
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 | (28 February 2022) |
| Name | Rating | Total(%) |
| Corporate Bond | 48.96% | |
| HDFC | AAA | 9.56% |
| REC | AAA | 9.05% |
| NABARD | AAA | 8.93% |
| Hindalco Industries | AA+ | 5.63% |
| Summit Digitel Infrastructure Private | AAA | 5.51% |
| Sikka Ports and Terminals | AAA | 3.45% |
| Bharti Hexacom | AA+ | 2.80% |
| Jamnagar Utilities & Power Private | AAA | 2.32% |
| Larsen & Toubro | AAA | 1.14% |
| National Housing Bank | AAA | 0.56% |
| Commercial Paper | 19.49% | |
| Kotak Mahindra Prime | A1+ | 11.14% |
| Kotak Mahindra Investments | A1+ | 8.35% |
| Floating Rate Note | 9.49% | |
| Kotak Mahindra Bank | A1+ | 7.81% |
| Axis Bank | A1+ | 1.67% |
| Certificate of Deposit | 1.66% | |
| Axis Bank | A1+ | 1.66% |
| Net Cash and Cash Equivalent | 20.40% | |
| 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 short-term optimal returns.
• To invest predominantly in floating rate instruments.
*Investors should consult their financial advisors if in doubt
about whether the product is suitable for them.
|
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.
 | Contact your Financial Advisor |
 | Call toll free 1800-2-6666-88 |
| Contact your Financial Advisor | Call toll free 1800-2-6666-88 |
 Invest online at www.idfcmf.com |  www.facebook.com/idfcamc |
 @IDFCMF | |