Fund Details
IDFC Floating Rate Fund Direct IDCW Yearly
| Risk | Moderate |
|---|---|
| Min SIP Amount | N.A |
| Expense Ratio | 0.27% |
| NAV | ₹10.10 (10 May 2021) |
|---|---|
| Fund Started | 18 Feb 2021 |
| Fund Size | ₹621 Cr |
Comparison
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Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Axis Bank Ltd. | Financial | FRD | 12.0% |
| National Bank For Agriculture & Rural Development | Financial | CP | 11.6% |
| REC Ltd. | Financial | NCD | 8.9% |
| L&T Finance Ltd. | Financial | Debenture | 8.9% |
| Housing Development Finance Corpn. Ltd. | Financial | Debenture | 6.0% |
| Indusind Bank Ltd. | Financial | CD | 5.9% |
| Power Finance Corpn. Ltd. | Financial | Debenture | 5.3% |
| Federal Bank Ltd. | Financial | CD | 5.1% |
| LIC Housing Finance Ltd. | Financial | Debenture | 4.3% |
| RBL Bank Ltd. | Financial | CD | 4.3% |
Fund Managers
IDFC Floating Rate Fund Direct IDCW Yearly Details
IDFC Floating Rate Fund Direct IDCW Yearly is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was made available to investors on 18 Feb 2021. Anurag Mittal is the Current Fund Manager of IDFC Floating Rate Fund Direct IDCW Yearly fund.The fund currently has an Asset Under Management(AUM) of ₹621 Cr and the Latest NAV as of 10 May 2021 is ₹10.10.
The IDFC Floating Rate Fund Direct IDCW Yearly is rated Moderate risk. Minimum Lumpsum Investment is 5000.
Investment Objective
The scheme seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instrument.
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.
