HDFC Floating Rate Income Long term Growth is a Debt Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was introduced to investors on 16 Jan 2003. Shobhit Mehrotra is the Current Fund Manager of HDFC Floating Rate Income Long term Growth.The fund currently has an Asset Under Management(AUM) of ₹1,832 Cr and the Latest NAV as of 08 May 2018 is ₹30.5.
The HDFC Floating Rate Income Long term Growth is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
The investment objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of floating & 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)
₹5000
Min for First Investment
₹1000
Min for Second Investment