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IDFC Floating Rate Fund Direct IDCW Yearly

Debt
Floater
Low to Moderate Risk
0.30%
1M return
+0.01% 1D
1M
6M
1Y
All
NAV: 24 Jun 2022₹10.05
Min. SIP amount₹1,000
RatingNA
Fund size₹785.03Cr

Returns and rankings

Category: Debt Floater
Absolute returns
3M6M1YAll
Fund returns0.2%1.3%3.2%4.8%
Category averageNANA5.3%NA
Rank with in category876NA
Understand terms

Holdings (22)

NameSectorInstrumentAssets
GOI
SovereignGOI Sec19.9%
Kotak Mahindra Bank Ltd.
FinancialCD8.4%
REC Ltd.FinancialNCD6.1%
Housing Development Finance Corpn. Ltd.FinancialNCD6.1%
National Bank For Agriculture & Rural DevelopmentFinancialDebenture6.0%
Reliance Jio Infocomm Ltd.CommunicationCP6.0%
Axis Bank Ltd.
FinancialCD5.9%
HDFC Bank Ltd.
FinancialCD5.9%
HDFC Bank Ltd.
FinancialCD4.8%
Bharti Hexacom Ltd.
CommunicationNCD3.0%
See All

Expense ratio, exit load and tax

Expense ratio: 0.31%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹0
Min. for SIP₹1,000

Fund management

Suyash Choudhary
Jul 2021 - Present
View details

Education
Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.
Experience
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.
Also manages these schemes

Viraj Kulkarni
Feb 2021 - Present
View details

Education
Mr. Kulkarni is a B.Tech. (Electronics), CFA and also holds a PGDM (Finance).
Experience
Prior to joining IDFC AMC he was associated with Franklin Templeton Asset Management (India) Pvt. Ltd. (May 2014-Sept. 2015) and Goldman Sachs Services India (June 2010-May 2012).
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit No. 27, Ground Floor,Khetan Bhavan,198, Jamshedji Tata Road,Churchgate, Mumbai 400020
Phone
022-24398777 / 24399999 / 66289999
Launch Date
20 Dec 1999
Website
NA
Amc Image
IDFC Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in IDFC Floating Rate Fund Direct IDCW Yearly?

You can easily invest in IDFC Floating Rate Fund Direct IDCW Yearly in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for IDFC Floating Rate Fund Direct IDCW Yearly from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in IDFC Floating Rate Fund Direct IDCW Yearly as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does IDFC Floating Rate Fund Direct IDCW Yearly provide?

The IDFC Floating Rate Fund Direct IDCW Yearly has been there from 18 Feb 2021 and the average annual returns provided by this fund is 3.21% since its inception.

How much expense ratio is charged by IDFC Floating Rate Fund Direct IDCW Yearly?

The term Expense Ratio used for IDFC Floating Rate Fund Direct IDCW Yearly or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of IDFC Floating Rate Fund Direct IDCW Yearly is 0.31% as of 25 Jun 2022...

What is the AUM of IDFC Floating Rate Fund Direct IDCW Yearly?

The AUM, short for Assets Under Management of IDFC Floating Rate Fund Direct IDCW Yearly is ₹785.03Cr as of 25 Jun 2022.

How to Redeem IDFC Floating Rate Fund Direct IDCW Yearly?

If you want to sell your IDFC Floating Rate Fund Direct IDCW Yearly holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of IDFC Floating Rate Fund Direct IDCW Yearly?

You can select either SIP or Lumpsum investment of IDFC Floating Rate Fund Direct IDCW Yearly based on your investment objective and risk tolerance.

What is the NAV of IDFC Floating Rate Fund Direct IDCW Yearly?

The NAV of IDFC Floating Rate Fund Direct IDCW Yearly is ₹10.05 as of 24 Jun 2022.

What is the PE and PB ratio of IDFC Floating Rate Fund Direct IDCW Yearly?

The PE ratio ratio of IDFC Floating Rate Fund Direct IDCW Yearly is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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