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NAV as of ( Sep 09, 2022 )
₹ 10.63 0.02 % 1-D Change
You get upto 0.48% extra returns
Sorry! A report card for this scheme is not available because it has been in existence for less than 3 years.
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Fresh Investments closed in this fund!
This fund is no longer available to invest
|ET Money Rank||Not yet ranked|
|Expense ratio||0.27% As on Apr 30, 2022|
|AUM (Fund Size)||₹ 609 Crs|
|Age||1 yrs 7 m Since Feb 10, 2021|
|Benchmark||NIFTY Low Duration Debt TRI|
SIP ₹ 1000 &
Lumpsum ₹ 5000
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Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Bifurcation by Holding is not available for this fund
Large Cap 0%
Mid Cap 0%
Small Cap 0%
Other Cap 0%
Bifurcation by Sector is not available for this fund
Axis Bank Ltd. 12.77%
Canara Bank 12.11%
Small Industries Devp. Bank of India Ltd. 11.89%
Cash & Call Money 3.39%
Certificate of Deposit 44.4%
GOI Securities 18.13%
Non Convertible Debenture 13.13%
Commercial Paper 11.89%
|Fund name||Annual Return %||Consistency||Value Research Rating|
|Axis Floater Fund||4.34%|
|Tata Floating Rate Fund||4.31%|
|Aditya Birla Sun Life Floating Rate Fund||3.92%|
|HDFC Floating Rate Debt Fund||3.85%|
|SBI Floating Rate Debt Fund||3.65%|
|Franklin India Floating Rate Fund||3.62%|
|IDFC Floating Rate Fund||3.53%|
Sign-up for free to compare fund with floater funds
|Period||Trailing returns||Category average||Rank within category|
|1 month||0.41%||0.66%||11 / 12|
|3 months||1.66%||1.73%||8 / 12|
|6 months||1.79%||2.23%||10 / 12|
|1 year||3.53%||3.54%||7 / 12|
Level of Risk in the Scheme
Sorry! Our analysts are busy working on analysing a risk rating for this scheme. Please bear with us in the meantime.
The scheme seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instrument.
Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.
Prior to joining IDFC Mutual Fund he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.
As on Jun 30, 2022
The IDFC Floating Rate Fund is a 1 yrs 7 m old fund and has delivered average annual returns of 3.95% since inception.
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of IDFC Floating Rate Fund for Sep 09, 2022 is 10.63 .
On ET Money, Investing in IDFC Floating Rate Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of IDFC Floating Rate Fund is 0.27%. .
Redeeming your investments in IDFC Floating Rate Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in IDFC Floating Rate Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of IDFC Floating Rate Fund is ₹609 Crs.
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The IDFC Floating Rate Fund allocation by credit quality is given below
|Credit Quality||Percentage of Portfolio|
The top 3 debt holdings of IDFC Floating Rate Fund are as follows
|Holding Name||Percentage of Portfolio|
|Axis Bank Ltd.||12.77%|