NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹47.55
0.01%
NAV as on 21 Nov 24, 12:00 AM
moderate risk
floating rate
debt
NAV as on 21 Nov 24, 12:00 AM
moderate risk
floating rate
debt
8.42%p.a.
Last 1Y
6.68%p.a.
Last 3Y
6.74%p.a.
Last 5Y
7.80%p.a.
Since Inception
About HDFC Floating Rate Debt - Plan - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HDFC Floating Rate Debt - Plan - Growth scheme from HDFC Asset Management Co Ltd. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Oct 2007, HDFC Floating Rate Debt - Plan - Growth is Floating Rate fund of its category with 14,941.21 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- HDFC Floating Rate Debt - Plan - Growth delivered 8.4% annual returns during the last year. It has delivered 7.8% average annual returns since the fund was launched.
- HDFC Floating Rate Debt - Plan - Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate income/capital appreciation through investment in a portfolio comprising substantially of floating rate debt, fixed rate debt instruments swapped for floating rate returns and money market instruments. There is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
7.53% Govt Stock 2034
15.13%
7.93% Govt Stock 2033
8.58%
7.98% Govt Stock 2031
4.44%
7.3% Govt Stock 2028
4.21%
Aadhar Housing Finance Limited
2.36%
Small Industries Development Bank Of India
2.04%
Power Finance Corporation Ltd.
2.02%
National Bank For Agriculture And Rural Development
1.68%
National Bank For Agriculture And Rural Development
1.67%
Small Industries Development Bank Of India
1.50%
Fund Managers
- Shobhit Mehrotra (Oct 2007 - Present)
- Dhruv Muchhal (Jun 2023 - Present)
Key Information
View Scheme Document
HDFC Floating Rate Debt - Plan - Growth SIP Calculator
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NRI Mutual Fund Tax on HDFC Floating Rate Debt - Plan - Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in HDFC Floating Rate Debt - Plan - Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in HDFC Floating Rate Debt - Plan - Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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