NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

HDFC Floating Rate Debt - Plan - Growth for NRI [46.17]

Min Investment

100

Fund Size

14,524.29 Cr

Expense Ratio

0.5%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

46.17

0.06%

NAV as on 15 Jul 24, 12:00 AM

low to moderate risk

floating rate

debt

NAV as on 15 Jul 24, 12:00 AM

low to moderate risk

floating rate

debt

8.00%p.a.

Last 1Y

6.18%p.a.

Last 3Y

6.75%p.a.

Last 5Y

7.77%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 14,524.29 Cr fund under management as on Jul 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 8.0% 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

8% Govt Stock 2034

14.80%

8.34% Govt Stock 2033

8.66%

7.72% Govt Stock 2028

5.35%

HDFC Bank Limited

4.46%

Muthoot Finance Limited

2.41%

National Bank For Agriculture And Rural Development

2.40%

Small Industries Development Bank Of India

2.08%

Tmf Holdings Limited

2.07%

Power Finance Corporation Ltd.

2.07%

Power Finance Corporation Limited

2.06%

Fund Managers

  1. Shobhit Mehrotra (Oct 2007 - Present)
  2. Vikas Agrawal (Jul 2020 - Present)
  3. Dhruv Muchhal (Jun 2023 - Present)

Key Information

View Scheme Document

HDFC Floating Rate Debt - Plan - Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

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 TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% 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

Frequently Asked Questions