Bandhan Floating Rate Fund Direct-IDCW Monthly
(Scheme Rating)
NAV as of Aug 29, 2024
10.120.00%
- IDCW Monthly - Direct
(Earn upto 0.49% Extra Returns with Direct Plan)
Fund Category:
Debt: Floater
Expense Ratio:
0.30%(0.29% Category
average)Fund Size:
Rs. 277.49 Cr(0.52% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Bandhan Floating Rate Fund Direct-IDCW Monthly
(Scheme Rating)
NAV as of Aug 29, 2024
10.120.00%
Expense Ratio:
0.30%
Fund Size:
Rs. 277.49 Cr
Fund Category:
Debt: Floater
1. Current NAV: The Current Net Asset Value of the Bandhan Floating Rate Fund - Direct Plan as of Aug 29, 2024 is Rs 10.12 for IDCW Monthly option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.0% (1yr), 6.07% (3yr) and 5.86% (since launch). Whereas, Category returns for the same time duration are: 7.95% (1yr), 5.94% (3yr) and 6.39% (5yr).
3. Fund Size: The Bandhan Floating Rate Fund - Direct Plan currently holds Assets under Management worth of Rs 277.49 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.3% for Direct plan as on Aug 21, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
Bandhan Floating Rate Fund Direct-IDCW Monthly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.72 2.37 4.29 7.98 6.07 - Category Avg 0.70 2.30 4.32 7.95 5.94 6.39 Rank within Category 6 7 9 10 11 - No. of funds within Category 13 13 13 13 12 7 - Loading...
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Return Comparison
- This Fund
- BenchmarkHDFC Floating Rate Debt Direct-IDCWM
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- S&P BSE Sensex
- Nifty 50
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- 1Y
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Bandhan Floating Rate Fund Direct-IDCW Monthly Fund Details
Investment Objective - The scheme seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instrument.
Fund House | Bandhan Mutual Fund |
Launch Date | Feb 18, 2021 |
Benchmark | NIFTY Short Duration Debt Index A-II |
Return Since Launch | 5.85% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | Average |
Return Grade | Low |
Bandhan Floating Rate Fund Direct-IDCW Monthly Investment Details
Minimum Investment (Rs.) | 1,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 2.78 | 9.43 | 0.44 | 3.2092 |
Average Maturity(Yrs) | 3.56 | 23.6 | 0.9972 | 6.9468 |
Yield to Maturity(%) | 7.69 | 8.4489 | 7.1642 | 7.6383 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 27.55 | 42.39 |
Low Risk | 63.08 | 52.67 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 9.37 | 4.94 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 27.55 | 39.28 |
CD | 1.77 | 0.92 |
T-Bills | - | 0.16 |
CP | - | 0.10 |
NCD & Bonds | 55.82 | 49.97 |
PTC | - | 0.09 |
Cash & Others | 9.37 | 8.11 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
GOI | Long-term Debt | Sovereign | SOV | 429.89 | 15.49 | - |
7.18% GOI 14/08/2033 | Long-term Debt | Sovereign | SOV | 334.75 | 12.06 | 33,00,000 |
7.8% National Bank For Agriculture & Rural Development 15/03/2027 | Long-term Debt | Financial | AAA | 200.78 | 7.24 | 20,00,000 |
8.47% Tata Projects Ltd 20/11/2026 | Long-term Debt | Construction | AA | 150.50 | 5.42 | 15,00,000 |
8.5% Nirma Ltd 07/04/2027 | Long-term Debt | Consumer Staples | AA | 150.53 | 5.42 | 15,00,000 |
7.64% Power Finance Corporation Ltd 25/08/2026 | Long-term Debt | Financial | AAA | 150.09 | 5.41 | 15,00,000 |
8.5% Aadhar Housing Finance Ltd 26/05/2026 | Long-term Debt | Financial | AA | 100.40 | 3.62 | 10,00,000 |
8.9% Bharti Telecom Ltd 04/12/2025 | Long-term Debt | Communication | AA+ | 100.26 | 3.61 | 10,00,000 |
7.77% REC Ltd 30/09/2026 | Long-term Debt | Financial | AAA | 100.28 | 3.61 | 10,00,000 |
8.97% Muthoot Finance Ltd 18/01/2027 | Long-term Debt | Financial | AA+ | 100.20 | 3.61 | 10,00,000 |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Bandhan Floating Rate Fund Direct-IDCW Monthly 10.12 277.49 0.72 7.96 6.06 - HDFC Floating Rate Debt Fund Direct Plan-IDCW Monthly 10.15 15,189.39 0.71 8.29 6.53 7.00 Nippon India Floating Rate Fund Direct-IDCW Monthly 11.30 7,764.33 0.73 8.04 6.07 7.14 SBI Floating Rate Debt Fund Direct-IDCW Monthly 12.58 1,126.76 0.70 8.42 6.39 - Tata Floating Rate Fund Direct - IDCW Monthly 12.09 215.33 0.64 7.58 6.27 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
0.83VS0.90Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.73VS1.55Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.34VS0.67Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
0.16VS0.40Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
3.82VS3.76Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.82VS6.14Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Bandhan Mutual Fund News
Fund Manager
- B.S.Brijesh ShahSince Mar 20243 schemes
- D.L.Debraj LahiriSince Mar 20240 schemes
Mr. Shah is a Post Graduate Diploma in Finance. Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Liquid Fund Direct Plan-IDCW Monthly Liquid 1,012.73 13,040.09 7.43 Bandhan Money Manager Fund Direct-IDCW Monthly Money Market 10.25 6,059.09 7.63 Bandhan Overnight Fund Direct-IDCW Monthly Overnight 1,005.27 1,750.01 6.82 Mr. Lahiri has done B.Tech and MBA Prior to joining Bandhan Mutual Fund, he has worked with ICICI Prudential AMC Ltd, Invesco Asset Management (India) Pvt. Ltd, CARE Ratings and Bank of Baroda
No schemes for the Fund Manager
More Bandhan Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Bandhan Liquid Fund Direct Plan-Growth | 14,555.72 | 0.61 | 1.87 | 3.77 | 7.37 | 5.78 | |
Bandhan Banking & PSU Debt Fund Direct-Growth | 14,279.57 | 0.67 | 1.89 | 3.72 | 6.80 | 5.54 | |
Bandhan Corporate Bond Fund Direct-Growth | 13,808.94 | 0.70 | 1.88 | 3.62 | 7.08 | 5.23 | |
Bandhan Sterling Value Fund Direct Plan-Growth | 9,019.36 | 5.54 | 13.12 | 21.00 | 43.70 | 26.48 | |
Bandhan Bond Fund Short Term Plan Direct-Growth | 8,759.17 | 0.78 | 2.02 | 3.92 | 7.29 | 5.58 | |
Bandhan CRISIL IBX Gilt June 2027 Index Fund Direct-Growth | 8,285.49 | 0.82 | 1.96 | 3.71 | 6.89 | 5.35 | |
Bandhan Flexi Cap Fund Direct-Growth | 6,979.84 | 5.32 | 13.55 | 17.00 | 36.44 | 18.30 | |
Bandhan ELSS Tax Saver Fund Direct Plan-Growth | 6,433.56 | 4.85 | 10.01 | 15.83 | 35.79 | 22.23 | |
Bandhan Arbitrage Fund Direct-Growth | 6,202.72 | 0.70 | 2.15 | 4.40 | 8.44 | 6.30 | |
Bandhan Small Cap Fund Direct-Growth | 5,165.54 | 6.16 | 22.17 | 25.72 | 71.78 | 29.71 |
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1. Bandhan Floating Rate Fund - Direct Plan is Open-ended Floater Debt scheme which belongs to Bandhan Mutual Fund House.
2. The fund was launched on Feb 18, 2021.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instrument. "
2. It is benchmarked against NIFTY Short Duration Debt Index A-II.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Bandhan Floating Rate Fund - Direct Plan is 3.56 years and Duration is 2.78 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Bandhan Floating Rate Fund Direct-IDCW Monthly
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
- Bandhan Floating Rate Fund Regular-Growth
- Bandhan Floating Rate Fund Regular-IDCW Weekly
- Bandhan Floating Rate Fund Regular-IDCW Daily
- Bandhan Floating Rate Fund Regular-IDCW Quarterly
- Bandhan Floating Rate Fund Regular-IDCW Monthly
- Bandhan Floating Rate Fund Direct-IDCW Daily
- Bandhan Floating Rate Fund Direct-Growth
- Bandhan Floating Rate Fund Regular-IDCW Periodic
- Bandhan Floating Rate Fund Regular-IDCW Yearly
- Bandhan Floating Rate Fund Direct-IDCW Yearly
- Bandhan Floating Rate Fund Direct-IDCW Quarterly
- Bandhan Floating Rate Fund Direct-IDCW Monthly
- Bandhan Floating Rate Fund Direct-IDCW Weekly
FAQs about Bandhan Floating Rate Fund Direct-IDCW Monthly
- Is it safe to invest in Bandhan Floating Rate Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bandhan Floating Rate Fund - Direct Plan comes under Moderate risk category.
- What is the category of Bandhan Floating Rate Fund - Direct Plan?Bandhan Floating Rate Fund - Direct Plan belongs to the Debt : Floater category of funds.
- How Long should I Invest in Bandhan Floating Rate Fund - Direct Plan?The suggested investment horizon of investing into Bandhan Floating Rate Fund - Direct Plan is <1 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Bandhan Floating Rate Fund - Direct Plan?The Bandhan Floating Rate Fund - Direct Plan is managed by Brijesh Shah (Since Mar 14, 2024) and Debraj Lahiri (Since Mar 14, 2024).
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