Loading...
Bandhan Floating Rate Fund Direct Growth
DebtFloating RateModerate Risk
Direct
NAV (21-Nov-24)
₹12.450.01%1D
Returns (Since Inception)
6.01%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹330 Cr
Expense Ratio
0.31%
ISIN
INF194KB1BA5
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
22 Feb 2021
About this fund
Bandhan Floating Rate Fund Direct Growth is a Floating Rate mutual fund schemes offered by Bandhan Mutual Fund. This fund has been in existence for 3 years and 9 months, having been launched on 22-Feb-21.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹12.45, Assets Under Management (AUM) of 329.93 Crores, and an expense ratio of 0.31%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹12.45, Assets Under Management (AUM) of 329.93 Crores, and an expense ratio of 0.31%.
- Bandhan Floating Rate Fund Direct Growth has given a CAGR return of 6.01% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 96.00% in debts, and 3.72% in cash & cash equivalents.
- You can start investing in Bandhan Floating Rate Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.37%
+8.30% (Cat Avg.)
3 Years
+6.45%
+6.41% (Cat Avg.)
Since Inception
+6.01%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹316.73 Cr | 96.00% |
| Others | ₹13.2 Cr | 4.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Interest Rate Swaps (04/11/2024) Receive Floating | Interest Rate Swap | ₹135 Cr | 40.92% |
| Interest Rate Swaps (04/11/2024) Pay Fixed | Interest Rate Swap | ₹-135 Cr | 40.92% |
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹56.15 Cr | 17.02% |
| Interest Rate Swaps (29/11/2024) Pay Fixed | Interest Rate Swap | ₹-45 Cr | 13.64% |
| Interest Rate Swaps (29/11/2024) Receive Floating | Interest Rate Swap | ₹45 Cr | 13.64% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹41 Cr | 12.43% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹34.8 Cr | 10.55% |
| Au Small Finance Bank Limited | Bond - Corporate Bond | ₹15.18 Cr | 4.60% |
| Nirma Limited | Bond - Corporate Bond | ₹15.12 Cr | 4.58% |
| Tata Projects Limited | Bond - Corporate Bond | ₹15.08 Cr | 4.57% |
| Godrej Housing Finance Limited | Bond - Corporate Bond | ₹15.06 Cr | 4.56% |
| Century Textiles And Industried Limited | Bond - Corporate Bond | ₹15.01 Cr | 4.55% |
| 7.17% Govt Stock 2030 | Bond - Gov't/Treasury | ₹10.17 Cr | 3.08% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹10.05 Cr | 3.05% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹10.04 Cr | 3.04% |
| Aadhar Housing Finance Limited | Bond - Corporate Bond | ₹10.02 Cr | 3.04% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹10.02 Cr | 3.04% |
| Interest Rate Swaps (25/11/2024) Pay Fixed | Interest Rate Swap | ₹-10 Cr | 3.03% |
| Interest Rate Swaps (25/11/2024) Receive Floating | Interest Rate Swap | ₹10 Cr | 3.03% |
| Cholamandalam Investment And Fin. Co. Ltd | Bond - Corporate Bond | ₹9.99 Cr | 3.03% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹9.98 Cr | 3.02% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹9.94 Cr | 3.01% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹9.82 Cr | 2.98% |
| Net Current Assets | Cash | ₹9.61 Cr | 2.91% |
| Triparty Repo Trp_041124 | Cash - Repurchase Agreement | ₹7.85 Cr | 2.38% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹5.01 Cr | 1.52% |
| Interest Rate Swaps (11/11/2024) Pay Fixed | Interest Rate Swap | ₹-5 Cr | 1.52% |
| Interest Rate Swaps (11/11/2024) Receive Floating | Interest Rate Swap | ₹5 Cr | 1.52% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹4.99 Cr | 1.51% |
| 6.54% Govt Stock 2032 | Bond - Gov't/Treasury | ₹3.94 Cr | 1.19% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹0.91 Cr | 0.28% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.2 Cr | 0.06% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Interest Rate Swap | ₹0 Cr | 118.21% |
| Bond - Corporate Bond | ₹200.11 Cr | 60.65% |
| Bond - Gov't/Treasury | ₹111.26 Cr | 33.72% |
| Cash | ₹9.61 Cr | 2.91% |
| Cash - Repurchase Agreement | ₹8.05 Cr | 2.44% |
| Mutual Fund - Open End | ₹0.91 Cr | 0.28% |
| Cash - CD/Time Deposit | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.84%
Cat. avg.
1.13%
Lower the better
Sharpe Ratio
This fund
0.42
Cat. avg.
0.24
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.56
Higher the better
Fund Managers
BS
Brijesh Shah
Since March 2024
DL
Debraj Lahiri
Since March 2024
Additional Scheme Detailsas of 31st October 2024
ISIN INF194KB1BA5 | Expense Ratio 0.31% | Exit Load No Charges | Fund Size ₹330 Cr | Age 3 years 9 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark NIFTY Low Duration Debt Index TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Floating Rate Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| DSP Floater Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹729.43 Cr | 9.7% |
| DSP Floater Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹729.43 Cr | 9.3% |
| Axis Floater Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹232.97 Cr | 9.8% |
| Axis Floater Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹232.97 Cr | 9.4% |
| Franklin India Floating Rate Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹300.79 Cr | 8.3% |
| Nippon India Floating Rate Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹7820.98 Cr | 8.2% |
| ICICI Prudential Floating Interest Fund Regular Growth Moderate Risk | 1.2% | 0.0% | ₹8674.64 Cr | 8.3% |
| HDFC Floating Rate Debt Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹14941.21 Cr | 8.7% |
| Franklin India Floating Rate Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹300.79 Cr | 9.1% |
| Aditya Birla Sun Life Floating Rate Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹13285.65 Cr | 8.3% |
About the AMC
Bandhan Mutual Fund
Total AUM
₹1,57,157 Cr
Address
6th Floor, 841, One World Center, Mumbai, 400013
Other Funds by Bandhan Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
Unlock Expert Insights!
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Bandhan Floating Rate Fund Direct Growth?
The NAV of Bandhan Floating Rate Fund Direct Growth, as of 21-Nov-2024, is ₹12.45.
What are the returns of Bandhan Floating Rate Fund Direct Growth?
The fund has generated 8.37% over the last 1 year and 6.45% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Bandhan Floating Rate Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 96.00% in bonds, and 3.72% in cash and cash equivalents.
Who manages the Bandhan Floating Rate Fund Direct Growth?
The fund managers responsible for Bandhan Floating Rate Fund Direct Growth are:-
- Brijesh Shah
- Debraj Lahiri
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
Trending Mutual Funds Searches
Popular Equity Funds
Popular Debt Funds
©2021-2024 Dezerv. All Rights Reserved
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.