HDFC Floating Rate Debt Fund
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+7.47% 3Y CAGR)NAV history
Scorecard
★☆☆☆☆1/5 vs 34 of 33 Floater Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Floater Fund (same plan and option). 34 of the 33 Floater Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR -0.08% · ranks 33 of 33 Floater Funds
Volatility 1.3% vs 1.5% category avg
0.5% expense vs 0.6% category avg
43% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Less volatile than its Floater Fund peers (1.3% vs 1.5%)
- Low expense ratio (0.50%) vs the Floater Fund average of 0.62%
Concerns
- Trails the Floater Fund average on 3M/6M/1Y — 1Y by 2.84pp
- 3-year return (-0.08%) trails the Floater Fund average (+3.42%)
- 5-year return (-0.05%) trails the Floater Fund average (+2.90%)
- Ranks #27 of 33 on 1-year return in its Floater Fund cohort
- Positive in only 43% of rolling 3-year windows
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Floater Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.
Fund vs category average (Floater Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.02% | +0.19% | -0.21% |
| 3M abs | +0.11% | +1.36% | -1.25% |
| 6M abs | -0.18% | +1.24% | -1.42% |
| 1Y CAGR | -0.18% | +2.66% | -2.84% |
| 3Y CAGR | -0.08% | +3.42% | -3.50% |
| 5Y CAGR | -0.05% | +2.90% | -2.95% |
Category average across peers in Floater Fund (up to 33 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 33 peers in Floater Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
214 overlapping 1Y windows, sampled monthly across the fund’s history.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | -0.17% | |
| 2025 | -0.02% | |
| 2024 | -0.05% | |
| 2023 | +0.01% | |
| 2022 | +0.07% | |
| 2021 | -0.45% | |
| 2020 | -0.51% | |
| 2019 | -0.15% | |
| 2018 | +0.14% | |
| 2017 | +0.04% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹16,589Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into HDFC Floating Rate Debt Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
HDFC in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Top 10 mutual fund updates on August 21: HDFC scheme changes, NCDEX Nidhi onboarding, NFOs and more
Upstox · 2h ago
Gold ETF Inflow Curbs Lifted: HDFC, Axis, And Tata Mutual Funds Reopen Subscriptions
Outlook Money · 5h ago
HDFC Mutual Fund reduces Cyient stake by 2.39% to 2.95%
scanx.trade · 7h ago
News by CNBC TV18 on TradingView, 2026-08-20 — cnbctv:36b32abb2094b:0
TradingView · 19h ago
MF Tracker: HDFC Mid Cap Fund delivers 20% in 5-years. Can the largest midcap fund sustain performance?
The Economic Times · 1d ago
Pidilite Industries to hold analyst meet with HDFC Mutual Fund in Mumbai
scanx.trade · 1d ago
Nationwide Naari Nivesh Yatra Unveiled By HDFC MF
fintechbiznews.com · 2d ago
NFO Alert: Invesco Mutual Fund announces launch of pharma and healthcare fund
The Economic Times · 3d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Debt funds
Debt funds lend to governments and companies and earn interest. They're generally steadier than equity funds and are used for shorter horizons and stability.
Frequently asked questions
What is the NAV of HDFC Floating Rate Debt Fund?
As of 20 Aug 2026, the NAV of HDFC Floating Rate Debt Fund is ₹10.02 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has HDFC Floating Rate Debt Fund delivered?
HDFC Floating Rate Debt Fund has returned -0.18% over 1 year, -0.08% per year over 3 years, -0.05% per year over 5 years and -0.06% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of HDFC Floating Rate Debt Fund?
HDFC Floating Rate Debt Fund charges an expense ratio of 0.50% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of HDFC Floating Rate Debt Fund?
Its largest holdings are CENTRAL GOVERNMENT LOAN 20388 GOI 07DC31 FLT FV RS 100 (6.6%), SHIVSHAKTI SECURITISATION TRUST SS TRUST PTC 15SEPT25 (4.2%), 4.45% Government of India (30/10/2034) (3.1%), JUBILANT BEVERAGES LIMITED NCD 31MY28 FVRS1LAC (2.9%) and NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25G 7.48 BD 15SP28 FVRS1LAC (2.4%). Holdings are disclosed monthly and change over time.
How risky is HDFC Floating Rate Debt Fund?
It is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.3% and its worst peak-to-trough fall in our sample was -2.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -4.90 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HDFC Floating Rate Debt Fund's -4.90 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of HDFC Floating Rate Debt Fund?
HDFC Floating Rate Debt Fund is benchmarked against the CRISIL Short Duration Debt A-II Index. Its alpha and beta on this page are measured against that index.
Who manages HDFC Floating Rate Debt Fund?
HDFC Floating Rate Debt Fund is managed by Dhruv Muchhal, Anil Bamboli and Shobhit Mehrotra at HDFC.
How is HDFC Floating Rate Debt Fund taxed?
HDFC Floating Rate Debt Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.