HDFC Floating Rate Income Long term Direct Plan Growth

HDFC Floating Rate Income Long term Direct Plan Growth is a Debt Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 10 Dec 1999. Shobhit Mehrotra is the Current Fund Manager of HDFC Floating Rate Income Long term Direct Plan Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,57,067 Cr and the Latest NAV as of 08 May 2018 is ₹30.60. The HDFC Floating Rate Income Long term Direct Plan Growth is rated Moderate risk. Minimum SIP Investment is set to ₹500. ;

Investment Objective

The scheme aims to generate regular income through investing atleast 75 per cent of its assets in floating rate debt / money market instruments or fixed rate debt / money market instruments swapped for floating rate returns, and upto 25 per cent in fixed rate debt / money market instruments. It is suitable for investors with a relatively longer holding period. ;