Bandhan Floating Rate Fund Direct Growth

Fund Overview

Fund Size

₹277 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, 6 months and 21 days, having been launched on 22-Feb-21.
As of 11-Sep-24, it has a Net Asset Value (NAV) of ₹12.27, Assets Under Management (AUM) of 277.49 Crores, and an expense ratio of 0.31%.

Bandhan Floating Rate Fund Direct Growth has given a CAGR return of 5.91% since inception.
The fund's asset allocation comprises around 0.00% in equities, 88.13% in debts, and 11.59% 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

+8.10%

+7.43% (Cat Avg.)

3 Years

+6.13%

+5.96% (Cat Avg.)

Since Inception

+5.91%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2024

Debt	₹244.55 Cr	88.13%
Others	₹32.94 Cr	11.87%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Interest Rate Swaps (02/09/2024) Receive Floating	Interest Rate Swap	₹135 Cr	42.22%
Interest Rate Swaps (02/09/2024) Pay Fixed	Interest Rate Swap	₹-135 Cr	42.22%
7.18% Govt Stock 2033	Bond - Gov't/Treasury	₹54 Cr	16.89%
6.54% Govt Stock 2032	Bond - Gov't/Treasury	₹48.08 Cr	15.04%
Interest Rate Swaps (23/09/2024) Receive Floating	Interest Rate Swap	₹45 Cr	14.07%
Interest Rate Swaps (23/09/2024) Pay Fixed	Interest Rate Swap	₹-45 Cr	14.07%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹24.74 Cr	7.74%
Axis Bank Limited	Cash - CD/Time Deposit	₹19.46 Cr	6.09%
Au Small Finance Bank Limited	Bond - Corporate Bond	₹15.2 Cr	4.75%
Nirma Limited	Bond - Corporate Bond	₹15.1 Cr	4.72%
Tata Projects Limited	Bond - Corporate Bond	₹15.02 Cr	4.70%
Triparty Repo Trp_020924	Cash - Repurchase Agreement	₹11.27 Cr	3.52%
Bharti Telecom Limited	Bond - Corporate Bond	₹10.04 Cr	3.14%
Muthoot Finance Limited	Bond - Corporate Bond	₹10.04 Cr	3.14%
Aadhar Housing Finance Limited	Bond - Corporate Bond	₹10 Cr	3.13%
Godrej Properties Limited	Bond - Corporate Bond	₹10 Cr	3.13%
Century Textiles & Industries Limited	Bond - Corporate Bond	₹10 Cr	3.13%
Bajaj Finance Limited	Bond - Corporate Bond	₹9.99 Cr	3.13%
Cholamandalam Investment And Fin. Co. Ltd	Bond - Corporate Bond	₹9.97 Cr	3.12%
Tata Capital Housing Finance Limited	Bond - Corporate Bond	₹9.97 Cr	3.12%
Godrej Industries Limited	Bond - Corporate Bond	₹9.92 Cr	3.10%
Tata Capital Housing Finance Limited	Bond - Corporate Bond	₹9.76 Cr	3.05%
Net Current Assets	Cash	₹6.25 Cr	1.95%
Cholamandalam Investment And Finance Company Limited	Bond - Corporate Bond	₹5 Cr	1.56%
Interest Rate Swaps (17/09/2024) Receive Floating	Interest Rate Swap	₹5 Cr	1.56%
Interest Rate Swaps (26/09/2024) Receive Floating	Interest Rate Swap	₹5 Cr	1.56%
Interest Rate Swaps (26/09/2024) Pay Fixed	Interest Rate Swap	₹-5 Cr	1.56%
Interest Rate Swaps (17/09/2024) Pay Fixed	Interest Rate Swap	₹-5 Cr	1.56%
Godrej Properties Limited	Bond - Corporate Bond	₹4.98 Cr	1.56%
Corporate Debt Market Development Fund Class A2	Mutual Fund - Open End	₹0.9 Cr	0.28%
Cash Margin - Ccil	Cash - Repurchase Agreement	₹0.07 Cr	0.02%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Interest Rate Swap	₹0 Cr	118.84%
Bond - Corporate Bond	₹179.73 Cr	56.21%
Bond - Gov't/Treasury	₹102.07 Cr	31.92%
Cash - CD/Time Deposit	₹19.46 Cr	6.09%
Cash - Repurchase Agreement	₹11.34 Cr	3.55%
Cash	₹6.25 Cr	1.95%
Mutual Fund - Open End	₹0.9 Cr	0.28%

Risk & Performance Ratios

Fund Managers

Brijesh Shah

Since March 2024

Debraj Lahiri

Since March 2024

Additional Scheme Detailsas of 31st August 2024

ISIN

INF194KB1BA5

Expense Ratio

0.31%

Exit Load

No Charges

Fund Size

₹277 Cr

Age

22 Feb 2021

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:

For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
For investments made before 1 April 2023:

If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.

Holding the units: No tax is applicable as long as you hold the units.

Dividend Taxation:

Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.

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	0.3%	0.0%	₹804.65 Cr	9.3%
DSP Floater Fund Regular Growth Moderate Risk	0.5%	0.0%	₹804.65 Cr	9.0%
Axis Floater Fund Direct Growth Moderate Risk	0.2%	0.0%	₹259.41 Cr	10.1%
Axis Floater Fund Regular Growth Moderate Risk	0.5%	0.0%	₹259.41 Cr	9.7%
Franklin India Floating Rate Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹303.63 Cr	8.1%
Nippon India Floating Rate Fund Regular Growth Moderate Risk	0.6%	0.0%	₹7708.05 Cr	7.8%
ICICI Prudential Floating Interest Fund Regular Growth Moderate Risk	1.2%	0.0%	₹8965.52 Cr	7.8%
HDFC Floating Rate Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹15209.67 Cr	8.3%
Franklin India Floating Rate Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹303.63 Cr	8.9%
Aditya Birla Sun Life Floating Rate Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹12671.53 Cr	7.9%

About the AMC

Bandhan Mutual Fund

022-66289999

https://bandhanmutual.com/

Total AUM

₹1,54,037 Cr

Address

6th Floor, 841, One World Center, Mumbai, 400013

Other Funds by Bandhan Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bandhan Multi Asset Allocation Fund Direct Growth Very High Risk	0.4%	0.0%	₹1643.91 Cr	-
Bandhan Nifty Smallcap 250 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹37.26 Cr	-
Bandhan Nifty Alpha 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹187.37 Cr	-
Bandhan Retirement Fund Direct Growth Very High Risk	0.7%	0.0%	₹173.16 Cr	-
Bandhan Nifty IT Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹22.66 Cr	33.6%
Bandhan Interval Fund - Series 17 Direct Growth Moderate Risk	-	0.0%	-	-
Bandhan Fixed Term Plan Series 197 Direct Growth Moderate Risk	-	0.0%	-	-
Bandhan Fixed Term Plan Series 179 Direct Growth Moderate Risk	-	0.0%	₹286.43 Cr	9.0%
Bandhan Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹1750.01 Cr	6.8%
Bandhan Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹13040.09 Cr	7.4%
Bandhan Core Equity Fund Direct Growth Very High Risk	0.7%	1.0%	₹5982.52 Cr	53.6%
Bandhan Dynamic Bond Fund Direct Growth Moderate Risk	0.8%	0.0%	₹2448.60 Cr	12.2%
Bandhan Large Cap Fund Direct Growth Very High Risk	0.9%	0.0%	₹1574.65 Cr	39.7%
Bandhan Asset Allocation FOF Aggressive Plan Direct Growth High Risk	0.5%	1.0%	₹18.63 Cr	28.3%
Bandhan Government Securities Fund Investment Plan Direct Growth Moderate Risk	0.5%	0.0%	₹2543.49 Cr	12.5%
Bandhan Focused Equity Fund Direct Growth Very High Risk	0.8%	1.0%	₹1651.77 Cr	41.2%
Bandhan Government Securities Fund - Constant Maturity Plan Direct Growth Moderate Risk	0.3%	0.0%	₹332.96 Cr	10.2%
Bandhan Infrastructure Fund Direct Growth Very High Risk	0.8%	0.0%	₹1934.06 Cr	66.7%
Bandhan Regular Savings Fund Direct Growth Moderately High risk	1.1%	0.0%	₹116.26 Cr	13.7%
Bandhan Bond Fund - Medium Term Plan Direct Growth Moderate Risk	0.6%	0.0%	₹1522.87 Cr	8.7%
Bandhan Bond Fund - Income Plan Direct Growth Moderate Risk	1.3%	1.0%	₹491.99 Cr	9.1%
Bandhan Money Manager Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹6059.09 Cr	7.6%
Bandhan Bond Fund - Short Term Plan Direct Growth Moderate Risk	0.3%	0.0%	₹8726.14 Cr	8.5%
Bandhan Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹1443.55 Cr	25.8%
Bandhan Sterling Value Fund Direct Growth Very High Risk	0.7%	1.0%	₹10241.88 Cr	36.4%
Bandhan Flexi Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹7757.92 Cr	33.8%
Bandhan Crisil IBX Gilt November 2026 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹115.08 Cr	8.2%
Bandhan Tax Advantage (ELSS) Fund Direct Growth Very High Risk	0.6%	0.0%	₹7178.74 Cr	29.9%
Bandhan Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5879.14 Cr	7.4%
Bandhan Asset Allocation FOF Conservative Plan Direct Growth Moderately High risk	0.3%	1.0%	₹6.48 Cr	13.9%
Bandhan Crisil IBX Gilt April 2026 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹486.05 Cr	7.9%
Bandhan Multi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2488.34 Cr	39.4%
Bandhan Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹919.99 Cr	35.8%
Bandhan Floating Rate Fund Direct Growth Moderate Risk	0.3%	0.0%	₹277.49 Cr	8.1%
Bandhan Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹6966.70 Cr	8.4%
Bandhan US Equity Fund of Fund Direct Growth Very High Risk	0.5%	1.0%	₹315.01 Cr	28.4%
Bandhan CRISIL IBX Gilt June 2032 Index Fund Direct Growth Moderate Risk	-	0.0%	₹396.61 Cr	9.6%
Bandhan Crisil IBX Gilt September 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹171.07 Cr	8.5%
Bandhan Crisil IBX Gilt April 2032 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹363.70 Cr	9.0%
Bandhan Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3744.87 Cr	7.4%
Bandhan Asset Allocation FOF Moderate Plan Direct Growth High Risk	0.4%	1.0%	₹19.81 Cr	21.9%
Bandhan Equity Savings Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹136.00 Cr	11.0%
Bandhan US Treasury Bond 0-1 year Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹151.24 Cr	6.6%
Bandhan Nifty100 Low Volatility 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹980.39 Cr	37.0%
Bandhan All Seasons Bond Fund Direct Growth Moderate Risk	0.1%	0.0%	₹121.68 Cr	8.2%
Bandhan Nifty200 Momentum 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹130.52 Cr	53.2%
Bandhan Emerging Businesses Fund Direct Growth Very High Risk	0.3%	1.0%	₹6640.27 Cr	71.0%
Bandhan Hybrid Equity Fund Direct Growth Very High Risk	1.0%	1.0%	₹759.92 Cr	28.6%
Bandhan Nifty 100 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹144.47 Cr	31.2%
Bandhan Credit Risk Fund Direct Growth Moderately High risk	0.7%	1.0%	₹334.05 Cr	8.2%

Risk Level

Your principal amount will be at Moderate Risk

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 11-Sep-2024, is ₹12.27.

What are the returns of Bandhan Floating Rate Fund Direct Growth?

The fund has generated 8.10% over the last 1 year and 6.13% 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, 88.13% in bonds, and 11.59% 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.

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