MonitorDirect · GrowthWatch before adding
HDFC Floating Interest Rates Fund
HDFC Mutual FundIncome/Debt Oriented Schemes - Floating Interest Rates Fund13.8 years
- NAV
- 54.8384
- 29 Oct 2026
- 1Y
- +5.1%
- Trailing CAGR
- AUM
- ₹15,658.95 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.8% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Axis Floating Interest Rates Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.27% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -1.3%. Ask whether you can hold through a similar fall.
Vs category
Watch
46% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 31.2% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+5.1%
- 3Y+7.3%
- 5Y+6.8%
- 10Y+7.1%
- SI+7.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.6%
- 3Y+6.5%
- 5Y+7.0%
- 10Y+7.0%
- Since inception
- +7.7%
- Calendar-day CAGR
- Excess 1Y
- -0.5%
- Category median, same plan and option
- 3Y win rate
- +46%
- Windows beating the median
- 3Y percentile
- 36
- Vs comparable share classes
- SIP 3Y XIRR
- +6.5%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.7%
- 2607 daily-ending windows
- Median rolling 3Y
- +7.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2125 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -1.3%
- Worst peak-to-trough
- Current
- -0.2%
- Below last peak
- Current spell
- 36 days
- Days below latest peak
- Time below peak
- +21%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 228 recovered episodes
- Longest recovery
- 61 days
- Trough to prior peak
6 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-1.3%
23 Apr 2020 – 6 May 2020
Trough 29 Apr 2020 · recovered in 7 days
-0.7%
2 May 2022 – 6 Jul 2022
Trough 6 May 2022 · recovered in 61 days
-0.5%
15 Jul 2013 – 12 Aug 2013
Trough 24 Jul 2013 · recovered in 19 days
-0.5%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
36
Vs category
47
Consistency
46
Risk-adjusted
100
Drawdown
97
Mean
65
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 142 holdings · top 10 are 31.2%.
- Top 5
- 20.2%
- Top 10
- 31.2%
- Largest holding
- 7.0%
- Effective holdings
- 58.1
CENTRAL GOVERNMENT LOAN 20388 GOI 07DC31 FLT FV RS 100
Entities
7.0%
SHIVSHAKTI SECURITISATION TRUST SS TRUST PTC 15SEPT25
Unspecified
4.2%
4.45% Government of India (30/10/2034)
Entities
3.3%
JUBILANT BEVERAGES LIMITED NCD 31MY28 FVRS1LAC
Consumer Staples
3.1%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25G 7.48 BD 15SP28 FVRS1LAC
Financial
2.5%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Floating Interest Rates Fund
Axis Mutual Fund
- 1Y
- +5.8%
- 3Y
- +8.2%
- Vol
- 1.8%
- Max DD
- -1.3%
- Sharpe
- 0.59
- 3Y win
- +99%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
DSP Floating Interest Rates Fund
DSP Mutual Fund
- 1Y
- +4.2%
- 3Y
- +7.4%
- Vol
- 1.1%
- Max DD
- -0.8%
- Sharpe
- 0.53
- 3Y win
- +82%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
Franklin India Floating Interest Rates Fund
Franklin Templeton Mutual Fund
- 1Y
- +5.8%
- 3Y
- +7.9%
- Vol
- 0.6%
- Max DD
- -1.3%
- Sharpe
- 0.89
- 3Y win
- +28%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER
Kotak Floating Interest Rates Fund
Kotak Mahindra Mutual Fund
- 1Y
- +5.1%
- 3Y
- +7.5%
- Vol
- 1.4%
- Max DD
- -2.0%
- Sharpe
- 0.85
- 3Y win
- +72%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
BANDHAN FLOATING INTEREST RATES FUND
Bandhan Mutual Fund
- 1Y
- +5.8%
- 3Y
- +7.6%
- Vol
- 0.8%
- Max DD
- -0.7%
- Sharpe
- 0.63
- 3Y win
- +13%
- Shallower drawdown
- Lower TER
- Higher trailing returns
Caveat: Higher volatility