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) 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) with Moderate Interest Rate Risk and
Moderate Credit Risk
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Category: Floater Fund
: ₹ 207.76 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.
: ₹ 210.16 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.
^^Mr. Sreejith Balasubramanian will be managing overseas investment portion of the scheme.
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. | 0.47% |
| Modified Duration
Modified duration is the price sensitivity and the percentage change in price for a unit change in yield | 1.05 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. | 7.77% |
| Total Expense Ratio | |
| Regular | 0.83% |
| Direct | 0.35% |
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 December 29, 2023
| Plan | Option | Freq | NAV |
| Regular Plan | Growth | - | 11.4203 |
| Regular Plan | IDCW@ | Daily | 10.0258 |
| Regular Plan | IDCW@ | Weekly | 10.0398 |
| Regular Plan | IDCW@ | Monthly | 10.0306 |
| Regular Plan | IDCW@ | Periodic | 11.4207 |
| Regular Plan | IDCW@ | Quarterly | 10.1239 |
| Regular Plan | IDCW@ | Annual | 10.5690 |
@@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 | 49.10% | |
| NABARD | AAA | 11.32% |
| Bharti Telecom | AA+ | 9.50% |
| Bajaj Finance | AAA | 9.37% |
| REC | AAA | 7.14% |
| Power Finance Corporation | AAA | 7.07% |
| Kotak Mahindra Prime | AAA | 4.71% |
| Certificate of Deposit | 27.98% | |
| State Bank of India | A1+ | 11.72% |
| Axis Bank | A1+ | 11.56% |
| Canara Bank | A1+ | 4.70% |
| Government Bond | 10.53% | |
| 7.38% - 2027 G-Sec | SOV | 7.20% |
| 7.1% - 2029 G-Sec | SOV | 2.38% |
| 7.06% - 2028 G-Sec | SOV | 0.95% |
| Commercial Paper | 9.45% | |
| HDFC Bank | A1+ | 7.10% |
| Small Industries Dev Bank of India | A1+ | 2.34% |
| Corporate Debt Market Development Fund£ | 0.42% | |
| Corporate Debt Market Development Fund | 0.42% | |
| Net Cash and Cash Equivalent | 2.53% | |
| Grand Total | 100.00% |
Portfolio has 59.48% exposure to Interest Rate Swaps.
£As per the requirement of regulation 43A of SEBI (Mutual Funds) Regulations, 1996, SEBI circular no. SEBI/HO/IMD/PoD2/P/CIR/2023/128 dated July 27, 2023 on framework for Corporate Debt Market Development Fund and SEBI circular no. SEBI/HO/IMD/PoD2 /P/CIR/2023/129 dated July 27, 2023 on investment by mutual fund schemes and Asset Management Companies (AMCs) in units of Corporate Debt Market Development Fund ("CDMDF"),specified open ended debt-oriented schemes of Bandhan Mutual Fund and Bandhan AMC Limited ('AMC') shall invest percentage of net assets in the units of the CDMDF.
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 29/12/2023. 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
This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to the interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order greater than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio maturity of the scheme as well and exercise adequate due diligence when deciding to make their investments.
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".
