HDFC Floating Rate Debt Fund Direct Plan Dividend Daily is a Debt Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Shobhit Mehrotra is the Current Fund Manager of HDFC Floating Rate Debt Fund Direct Plan Dividend Daily.The fund currently has an Asset Under Management(AUM) of ₹10,314 Cr and the Latest NAV as of 18 Oct 2019 is ₹10.08.
The HDFC Floating Rate Debt Fund Direct Plan Dividend Daily is rated Moderately Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 1000000. Nil.
Investment Objective
To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns, and fixed rate debt securities and money market instruments.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹1000000
Min for First Investment
₹1
Min for Second Investment