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.
The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instruments swapped for floating returns and other debt and money market instruments.
- Min Investment 5,000
- Min SIP Amount 1,000
- Exit Load
Nil
Allocation to Satellite bucket with a minimum investment horizon of 6 months
Tier 1 Benchmark : Nifty Low Duration Debt IndexAlternate Benchmark : CRISIL 10 Year Gilt Index
- Performance
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Performance as on 31st July 2022
| Scheme Names | CAGR Returns (%) | Current value of Investment of 10,000 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 year | 3 year | 5 year | 10 year | 18/02/2021 Since inception | 1 year | 3 year | 5 year | 10 year | 18/02/2021 Since inception | |
| IDFC Floating Rate Fund - Regular Plan - Growth | 2.98 | N.A. | N.A. | N.A. | 3.31 | 10,298 | N.A. | N.A. | N.A. | 10,480 |
| 3.60 | 5.41 | 6.18 | 7.44 | 3.81 | 10,360 | 11,717 | 13,499 | 20,508 | 10,523 | |
| -1.29 | 2.83 | 4.25 | 6.40 | 0.26 | 9,871 | 10,874 | 12,315 | 18,608 | 10,038 | |
| ^ Tier 1 Benchmark | ^^ Alternate Benchmark | ^^^ Tier 2 Benchmark | ||||||||||
This fund is managed by Suyash Choudhary (w.e.f 28/07/2021)
View fund performance of other funds managed by Suyash Choudhary
Past performance may or may not be sustained in future.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
Taxation:
For taxation, please refer the link : https://bit.ly/3a5CcbE
IDFC Floating Rate Fund
(Scheme Risk-o-meter)
Nifty Low Duration Debt Index
(Tier 1 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