HDFC Floating Interest Rates Fund
FloaterModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹53.97+0.07%1 day
- Return since launch
- 7.7%
- 52-week range
- ₹51.24 — ₹53.93
- AUM
- ₹15,498 Cr
HDFC Floating Interest Rates Fund is a Floater debt fund from HDFC Mutual Fund with ₹15,498 Cr under management, launched in 2007. Over three years it has returned 6.6% a year, against 7.2% for its category. The expense ratio is 0.50% and the SEBI riskometer reading is Moderate.
Performance
HDFC Floating Interest Rates Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.3% against +5.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.2% | −0.1 pts | 5.3% | 4.9% |
| 2Y | 5.9% | +0.1 pts | 5.8% | 5.7% |
| 3Y | 6.6% | −0.6 pts | 7.2% | 6.4% |
| 5Y | 7.0% | +0.6 pts | 6.4% | 6.7% |
| 7Y | 6.7% | +0.3 pts | 6.5% | 6.4% |
| 10Y | 6.8% | +0.2 pts | 6.7% | 6.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.6% | +0.1 pts | 0.5% | 0.4% |
| 3M | 0.7% | +0.1 pts | 0.6% | 0.6% |
| 6M | 2.8% | −0.1 pts | 2.9% | 2.7% |
| 1Y | 5.3% | 0.0 pts | 5.3% | 5.0% |
| 2Y | 6.6% | +0.1 pts | 6.5% | 6.5% |
| 3Y | 7.2% | +0.1 pts | 7.2% | 7.1% |
| 5Y | 6.6% | +0.3 pts | 6.4% | 6.3% |
| 7Y | 6.7% | +0.3 pts | 6.4% | 6.3% |
| 10Y | 7.0% | +0.3 pts | 6.7% | 6.8% |
Since launch (23 Oct 2007): 7.7%
Calendar-year returns
Category average9.1%
4.1%
4.6%
7.6%
8.2%
7.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.9% | −0.2 pts | 8.0% |
| 2024 | 8.2% | −0.3 pts | 8.5% |
| 2023 | 7.6% | −0.1 pts | 7.7% |
| 2022 | 4.6% | +0.1 pts | 4.5% |
| 2021 | 4.1% | 0.0 pts | 4.1% |
| 2020 | 9.1% | −0.4 pts | 9.6% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.50%
Expense ratio as on 4 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.43%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.07%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Short Duration Debt A-II Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.21 | 1.05 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.95 | 1.78 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.08 | 1.51 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
HDFC Floating Interest Rates Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt97.5%
- Other2.5%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 4.58% | ₹718 Cr | +4.28% | +3.96% | +4.28% |
| Shivshakti Securitisation Trust | Others | 4.24% | ₹664 Cr | +4.15% | +4.17% | +1.62% |
| Others | Others | 3.65% | ₹566 Cr | +0.87% | +0.87% | +0.87% |
| Jubilant Beverages Ltd. | Consumer Staples | 3.12% | ₹488 Cr | +2.94% | +2.87% | +2.95% |
| Bajaj Housing Finance Ltd. | Financial | 2.95% | ₹462 Cr | +2.80% | +2.80% | +2.60% |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.52% | ₹395 Cr | +1.24% | +1.20% | +1.32% |
| Siddhivinayak Securitisation Trust | Others | 2.44% | ₹382 Cr | +2.40% | +2.40% | +1.62% |
| Export-Import Bank Of India | Financial | 2.22% | ₹348 Cr | +2.38% | +1.82% | +1.98% |
| Aadhar Housing Finance Ltd | Financial | 1.92% | ₹301 Cr | +1.83% | +1.83% | +1.98% |
| National Housing Bank | Financial | 1.91% | ₹299 Cr | +2.76% | +2.76% | +0.99% |
| Bajaj Finance Ltd. | Financial | 1.90% | ₹297 Cr | +0.92% | +0.92% | +0.98% |
| Ascendas IT Park (Pune) Private Limited | Others | 1.66% | ₹259 Cr | +1.59% | +1.59% | — |
| Poonawalla Fincorp Ltd. | Financial | 1.66% | ₹259 Cr | +1.34% | +1.34% | +0.64% |
| Torrent Power Ltd. | Energy | 1.46% | ₹229 Cr | +1.41% | — | — |
| Muthoot Finance Ltd. | Financial | 1.44% | ₹225 Cr | +0.92% | — | +0.98% |
| Indian Railway Finance Corporation Ltd. | Financial | 1.43% | ₹224 Cr | +2.31% | +2.28% | +2.49% |
| REC Ltd. | Financial | 1.27% | ₹198 Cr | +2.31% | +1.38% | +1.50% |
| Ultratech Cement Ltd. | Materials | 1.27% | ₹198 Cr | — | — | — |
| SMFG India Credit Company Ltd. | Financial | 1.11% | ₹174 Cr | +1.06% | — | — |
| JM Financial Credit Solutions Ltd. | Financial | 1.10% | ₹173 Cr | +1.06% | +1.05% | +1.12% |
| TVS Credit Services Ltd. | Financial | 0.97% | ₹152 Cr | +0.94% | +0.94% | +1.01% |
| Grasim Industries Ltd. | Materials | 0.96% | ₹150 Cr | +0.60% | +0.62% | +0.66% |
| Canara Bank | Financial | 0.95% | ₹148 Cr | +1.18% | — | — |
| Citi Corp Finance Ltd | Financial | 0.80% | ₹125 Cr | +0.76% | +0.76% | +0.16% |
| Housing & Urban Development Corporation Ltd. | Financial | 0.79% | ₹124 Cr | +1.20% | +1.20% | +0.98% |
| JTPM Metal Traders Ltd. | Metals & Mining | 0.79% | ₹124 Cr | +0.75% | +0.73% | +0.75% |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 0.77% | ₹120 Cr | +0.74% | +0.74% | +0.80% |
| HDB Financial Services Ltd. | Financial | 0.70% | ₹110 Cr | +0.68% | +0.91% | +0.98% |
| Tata Capital Ltd. | Financial | 0.64% | ₹99.69 Cr | +0.61% | — | — |
| Tata Power Renewable Energy Ltd. | Capital Goods | 0.64% | ₹100 Cr | +0.62% | +0.61% | +0.66% |
| Aavas Financiers Ltd. | Financial | 0.63% | ₹98.76 Cr | +0.60% | +0.60% | +0.65% |
| TMF Holdings Ltd. | Financial | 0.63% | ₹99.11 Cr | +0.60% | +0.60% | +0.64% |
| Punjab National Bank | Financial | 0.62% | ₹96.95 Cr | +0.58% | — | — |
| Union Bank of India | Financial | 0.62% | ₹97.01 Cr | +0.58% | — | — |
| Yes Bank Ltd. | Financial | 0.62% | ₹96.92 Cr | +0.58% | +0.57% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.58% | ₹90.15 Cr | +0.50% | +0.50% | +0.54% |
| India Universal Trust AL1 | Others | 0.49% | ₹76.16 Cr | +0.57% | +0.62% | +0.79% |
| LIC Housing Finance Ltd. | Financial | 0.48% | ₹75.34 Cr | +0.62% | +0.62% | +0.66% |
| Power Finance Corporation Ltd. | Financial | 0.48% | ₹75.09 Cr | +0.45% | +0.45% | +0.51% |
| Truhome Finance Ltd. | Financial | 0.48% | ₹75.13 Cr | +0.46% | +0.46% | +0.49% |
| Dhruva Trust | Others | 0.37% | ₹58.66 Cr | +0.45% | +0.51% | +0.70% |
| Toyota Financial Services Ltd. | Financial | 0.35% | ₹54.41 Cr | +0.33% | +0.33% | +0.36% |
| Godrej Industries Ltd. | Consumer Staples | 0.32% | ₹50.04 Cr | +0.31% | +0.31% | +0.33% |
| Kotak Mahindra Prime Ltd. | Financial | 0.32% | ₹50.04 Cr | +0.31% | +0.31% | +0.33% |
| NTPC Ltd. | Energy | 0.32% | ₹49.89 Cr | +0.31% | +0.30% | +0.33% |
| Tata Capital Financial Services Ltd. | Financial | 0.32% | ₹49.95 Cr | +0.31% | +0.31% | +0.33% |
| Tata Capital Housing Finance Ltd. | Financial | 0.32% | ₹49.60 Cr | +0.30% | +0.30% | +0.99% |
| Bank Of Baroda | Financial | 0.31% | ₹49.11 Cr | +0.29% | — | +0.09% |
| GOI | Sovereign | 0.31% | ₹49.18 Cr | +0.06% | +7.23% | +4.96% |
| IndiGrid Infrastructure Trust | Capital Goods | 0.31% | ₹49.30 Cr | — | +0.30% | +0.32% |
| Sundaram Finance Ltd. | Financial | 0.31% | ₹49.14 Cr | +0.30% | +0.30% | — |
| Bharti Telecom Ltd. | Communication | 0.16% | ₹25.05 Cr | +0.15% | +0.15% | +0.16% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.16% | ₹25.09 Cr | +0.15% | +0.15% | +0.17% |
| JM Financial Home Loans Ltd. | Financial | 0.16% | ₹24.94 Cr | +0.15% | +0.15% | +0.16% |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 0.16% | ₹24.99 Cr | +0.61% | +0.60% | +0.65% |
| Jubilant Bevco Ltd. | Consumer Staples | 0.14% | ₹22.50 Cr | +0.14% | +0.13% | +0.14% |
| Power Grid Corporation Of India Ltd. | Energy | 0.08% | ₹13.14 Cr | +0.08% | +0.08% | +0.33% |
| Nirma Ltd. | Consumer Staples | 0.06% | ₹10.02 Cr | +0.06% | +0.06% | +0.07% |
| HDFC Bank Ltd. | Financial | 0.03% | ₹5.01 Cr | +0.03% | +0.03% | +0.03% |
| Kotak Mahindra Bank Ltd. | Financial | 0.03% | ₹4.93 Cr | — | — | +0.25% |
| Tamilnadu State | Others | 0.03% | ₹5.03 Cr | +0.03% | +0.03% | +0.03% |
| Andhra Pradesh State | Financial | 0.00% | ₹0.20 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | 1.53% | 0.32% | -1.21% |
| company:8520 | 0.31% | 0.00% | -0.31% |
| GOI | 0.06% | 0.31% | +0.25% |
| Jubilant Beverages Ltd. | 3.01% | 3.12% | +0.11% |
| National Bank For Agriculture & Rural Development | 2.17% | 2.23% | +0.06% |
| Aadhar Housing Finance Ltd | 1.86% | 1.92% | +0.06% |
| Export-Import Bank Of India | 1.22% | 1.27% | +0.05% |
| Ascendas IT Park (Pune) Private Limited | 1.61% | 1.66% | +0.05% |
| India Universal Trust AL1 | 0.53% | 0.49% | -0.04% |
| Ultratech Cement Ltd. | 1.23% | 1.27% | +0.04% |
| Muthoot Finance Ltd. | 0.92% | 0.96% | +0.04% |
| Citi Corp Finance Ltd | 0.77% | 0.80% | +0.03% |
| JM Financial Credit Solutions Ltd. | 1.07% | 1.10% | +0.03% |
| SMFG India Credit Company Ltd. | 1.08% | 1.11% | +0.03% |
| Torrent Power Ltd. | 1.43% | 1.46% | +0.03% |
| Kotak Mahindra Bank Ltd. | 0.00% | 0.03% | +0.03% |
| Canara Bank | 0.92% | 0.95% | +0.03% |
| National Housing Bank | 0.93% | 0.96% | +0.03% |
| Aavas Financiers Ltd. | 0.61% | 0.63% | +0.02% |
| Bajaj Housing Finance Ltd. | 0.71% | 0.73% | +0.02% |
| Dhruva Trust | 0.39% | 0.37% | -0.02% |
| Housing & Urban Development Corporation Ltd. | 0.61% | 0.63% | +0.02% |
| Indian Railway Finance Corporation Ltd. | 0.78% | 0.80% | +0.02% |
| JTPM Metal Traders Ltd. | 0.77% | 0.79% | +0.02% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 0.75% | 0.77% | +0.02% |
| Punjab National Bank | 0.60% | 0.62% | +0.02% |
| REC Ltd. | 0.78% | 0.80% | +0.02% |
| Siddhivinayak Securitisation Trust | 2.46% | 2.44% | -0.02% |
| TMF Holdings Ltd. | 0.61% | 0.63% | +0.02% |
| TVS Credit Services Ltd. | 0.95% | 0.97% | +0.02% |
| Tata Capital Ltd. | 0.62% | 0.64% | +0.02% |
| Tata Power Renewable Energy Ltd. | 0.62% | 0.64% | +0.02% |
| Union Bank of India | 0.60% | 0.62% | +0.02% |
| Yes Bank Ltd. | 0.60% | 0.62% | +0.02% |
| HDB Financial Services Ltd. | 0.68% | 0.70% | +0.02% |
| Poonawalla Fincorp Ltd. | 0.68% | 0.70% | +0.02% |
| Bajaj Finance Ltd. | 0.47% | 0.48% | +0.01% |
| Bank Of Baroda | 0.30% | 0.31% | +0.01% |
| Cholamandalam Investment and Finance Company Ltd. | 0.25% | 0.26% | +0.01% |
| Godrej Industries Ltd. | 0.31% | 0.32% | +0.01% |
| Grasim Industries Ltd. | 0.31% | 0.32% | +0.01% |
| JM Financial Home Loans Ltd. | 0.15% | 0.16% | +0.01% |
| Kotak Mahindra Prime Ltd. | 0.31% | 0.32% | +0.01% |
| LIC Housing Finance Ltd. | 0.31% | 0.32% | +0.01% |
| NTPC Ltd. | 0.31% | 0.32% | +0.01% |
| Others | 0.31% | 0.32% | +0.01% |
| Tata Capital Financial Services Ltd. | 0.31% | 0.32% | +0.01% |
| Tata Capital Housing Finance Ltd. | 0.31% | 0.32% | +0.01% |
| Truhome Finance Ltd. | 0.47% | 0.48% | +0.01% |
| Toyota Financial Services Ltd. | 0.34% | 0.35% | +0.01% |
| Shivshakti Securitisation Trust | 4.25% | 4.24% | -0.01% |
| Andhra Pradesh State | 0.00% | 0.00% | 0.00% |
| Bharti Telecom Ltd. | 0.16% | 0.16% | 0.00% |
| HDFC Bank Ltd. | 0.03% | 0.03% | 0.00% |
| Hindustan Petroleum Corporation Ltd. | 0.16% | 0.16% | 0.00% |
| IndiGrid Infrastructure Trust | 0.31% | 0.31% | 0.00% |
| Jamnagar Utilities and Power Pvt. Ltd. | 0.16% | 0.16% | 0.00% |
| Jubilant Bevco Ltd. | 0.14% | 0.14% | 0.00% |
| Nirma Ltd. | 0.06% | 0.06% | 0.00% |
| Power Finance Corporation Ltd. | 0.16% | 0.16% | 0.00% |
| Power Grid Corporation Of India Ltd. | 0.08% | 0.08% | 0.00% |
| Sundaram Finance Ltd. | 0.31% | 0.31% | 0.00% |
| Tamilnadu State | 0.03% | 0.03% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,263 Cr | 0.63% | 5.9% | 6.8% | 7.0% |
 ICICI Prudential Floating Interest Rates Fund | ₹8,027 Cr | 0.82% | 5.1% | 6.5% | 6.9% |
 SBI Floating Interest Rates Fund | ₹669 Cr | 0.43% | 5.9% | 6.7% | 7.0% |
 Bandhan Floating Interest Rates Fund | ₹210 Cr | 0.76% | 5.5% | 6.6% | 6.7% |
 Axis Floating Interest Rates Fund | ₹145 Cr | 0.52% | 7.3% | 7.4% | 7.5% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks 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.
Fund managers
- Anil BamboliMr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.84% absolute | ₹60,000 | ₹61,704 | 2.84% | |
| 1 year5.25% annualised | ₹1,20,000 | ₹1,23,468 | 2.89% | |
| 3 years7.24% annualised | ₹3,60,000 | ₹4,03,161 | 11.99% | |
| 5 years6.63% annualised | ₹6,00,000 | ₹7,13,032 | 18.84% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of HDFC Floating Interest Rates Fund?
The NAV of HDFC Floating Interest Rates Fund is ₹53.97 as on 9 Nov 2026.
What is the expense ratio of HDFC Floating Interest Rates Fund?
The expense ratio of HDFC Floating Interest Rates Fund is 0.50% per year.
What is the minimum SIP amount for HDFC Floating Interest Rates Fund?
You can start a SIP in HDFC Floating Interest Rates Fund with ₹3,000 a month.
What returns has HDFC Floating Interest Rates Fund given?
HDFC Floating Interest Rates Fund has returned 5.2% over 1 year, 6.6% over 3 years and 7.0% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Floating Interest Rates Fund?
Lock-in: None. Exit load: 0%.
How risky is HDFC Floating Interest Rates Fund?
HDFC Floating Interest Rates Fund is rated Moderate on the SEBI riskometer and belongs to the Floater category.
Which fund house manages HDFC Floating Interest Rates Fund?
HDFC Floating Interest Rates Fund is managed by HDFC Mutual Fund, which runs 86 schemes with ₹9,96,954 Cr under management.