Bandhan Floating Rate Fund§ Satellite Bucket
An Open-ended Debt Scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to
floating rate exposures using swaps/derivatives). A Scheme with Moderate Interest Rate Risk and Moderate Credit Risk.
Bandhan Floating Rate Fund§ Satellite Bucket
An Open-ended Debt Scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to
floating rate exposures using swaps/derivatives). A Scheme with Moderate Interest Rate Risk and Moderate Credit Risk.
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Category: Floater Fund
: ₹ 212.90 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
: ₹ 207.17 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
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An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.
Other Parameter:
| Standard Deviation (Annualized)
Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. | 0.67% |
| Modified Duration
Modified duration is the price sensitivity and the percentage change in price for a unit change in yield | 1.07 years |
| Average Maturity | 1.19 years |
| Macaulay Duration | 1.11 years |
| Yield to Maturity
The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity. | 7.60% |
| Total Expense Ratio | |
| Regular | 0.82% |
| Direct | 0.34% |
SIP (Minimum Amount): ₹ 100/- and in multiples of Re.1 thereafter (minimum 6 installments)
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : Fresh Purchase ₹ 1,000/- and any amount thereafter
Option Available : Growth & IDCW@ Option - Daily, Weekly, Monthly, Quarterly, Annual and Periodic (each with Reinvestment, Payout and Sweep facility)
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Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.
NAV (₹) as on June 30, 2023
| Plan | Option | Freq | NAV |
| Regular Plan | Growth | - | 11.0708 |
| Regular Plan | IDCW@ | Daily | 10.0258 |
| Regular Plan | IDCW@ | Weekly | 10.0364 |
| Regular Plan | IDCW@ | Monthly | 10.0735 |
| Regular Plan | IDCW@ | Periodic | 11.0709 |
| Regular Plan | IDCW@ | Quarterly | 10.2736 |
| Regular Plan | IDCW@ | Annual | 10.2456 |
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.
| Name | Rating | % of NAV |
| Corporate Bond | 37.78% | |
| Bharti Telecom | AA+ | 9.68% |
| Bajaj Finance | AAA | 9.47% |
| Power Finance Corporation | AAA | 7.19% |
| Kotak Mahindra Prime | AAA | 4.74% |
| NABARD | AAA | 4.31% |
| National Housing Bank | AAA | 2.38% |
| Commercial Paper | 23.12% | |
| HDFC | A1+ | 13.94% |
| Small Industries Dev Bank of India | A1+ | 9.18% |
| Certificate of Deposit | 22.78% | |
| NABARD | A1+ | 11.45% |
| Axis Bank | A1+ | 11.33% |
| Government Bond | 7.58% | |
| 5.63% - 2026 G-Sec | SOV | 4.66% |
| 7.38% - 2027 G-Sec | SOV | 2.93% |
| Treasury Bill | 5.53% | |
| 364 Days Tbill - 2024 | SOV | 5.53% |
| Net Cash and Cash Equivalent | 3.21% | |
| Grand Total | 100.00% |
The scheme has been in existence for more than 1 year but less than 3 years or 5 years.
Performance based on NAV as on 30/06/2023. Past performance may or may not be sustained in future.
*Inception Date of Regular Plan - Growth February 18, 2021.
Click here for other funds managed by the fund manager and refer to the respective fund pages
Scheme risk-o-meter
Investors understand that their principal will be at Low to Moderate risk
This product is suitable for investors who are seeking*
- To generate short-term optimal returns.
- To invest predominantly in floating rate instruments.
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Benchmark risk-o-meter
Nifty Low Duration Debt Index
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
§With effect from 13th March 2023, the name of "IDFC Floating Rate Fund" has changed to "Bandhan Floating Rate Fund".
