HDFC Floating Interest Rates Fund
FloaterModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹53.62-0.06%1 day
- Return since launch
- 7.7%
- 52-week range
- ₹50.78 — ₹53.73
- AUM
- ₹16,133 Cr
HDFC Floating Interest Rates Fund is a Floater debt fund from HDFC Mutual Fund with ₹16,133 Cr under management, launched in 2007. Over three years it has returned 6.8% 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 +5.6% against +5.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.4% | −0.3 pts | 5.7% | 5.3% |
| 2Y | 6.2% | 0.0 pts | 6.2% | 6.0% |
| 3Y | 6.8% | −0.4 pts | 7.2% | 6.6% |
| 5Y | 7.0% | +0.7 pts | 6.3% | 6.8% |
| 7Y | 6.8% | +0.3 pts | 6.5% | 6.5% |
| 10Y | 6.9% | +0.1 pts | 6.7% | 6.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.1% | 0.0 pts | 0.1% | 0.2% |
| 3M | 0.8% | −0.1 pts | 0.9% | 0.8% |
| 6M | 3.0% | −0.2 pts | 3.2% | 3.0% |
| 1Y | 5.6% | −0.1 pts | 5.7% | 5.4% |
| 2Y | 6.9% | +0.2 pts | 6.7% | 6.7% |
| 3Y | 7.2% | 0.0 pts | 7.2% | 7.1% |
| 5Y | 6.6% | +0.2 pts | 6.3% | 6.3% |
| 7Y | 6.8% | +0.3 pts | 6.5% | 6.4% |
| 10Y | 7.0% | +0.3 pts | 6.7% | 6.9% |
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 24 Sep 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 | 1.44 | 1.26 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.33 | 2.25 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.01 | 1.38 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Floating Interest Rates Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt97.6%
- Other2.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 4.46% | ₹719 Cr | +4.26% | +3.92% | +4.20% |
| Shivshakti Securitisation Trust | Others | 4.25% | ₹685 Cr | +4.18% | +4.20% | — |
| Jubilant Beverages Ltd. | Consumer Staples | 3.01% | ₹486 Cr | +2.89% | +2.81% | +2.88% |
| Bajaj Housing Finance Ltd. | Financial | 2.87% | ₹464 Cr | +2.80% | +2.76% | +2.56% |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.75% | ₹444 Cr | +1.20% | +1.20% | +1.28% |
| Others | Others | 2.74% | ₹440 Cr | +0.87% | +0.84% | +0.84% |
| Siddhivinayak Securitisation Trust | Others | 2.46% | ₹396 Cr | +2.41% | +2.42% | — |
| Export-Import Bank Of India | Financial | 2.15% | ₹347 Cr | +1.82% | +1.80% | +1.94% |
| Aadhar Housing Finance Ltd | Financial | 1.86% | ₹300 Cr | +1.83% | +1.81% | +2.26% |
| National Housing Bank | Financial | 1.86% | ₹300 Cr | +2.73% | +2.70% | +0.96% |
| Ascendas IT Park (Pune) Private Limited | Others | 1.61% | ₹260 Cr | +1.58% | +1.57% | — |
| Poonawalla Fincorp Ltd. | Financial | 1.61% | ₹259 Cr | +1.32% | +1.32% | +0.64% |
| Torrent Power Ltd. | Energy | 1.43% | ₹230 Cr | — | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 1.40% | ₹225 Cr | +2.28% | +2.28% | +2.43% |
| Muthoot Finance Ltd. | Financial | 1.38% | ₹224 Cr | +0.92% | +0.90% | +0.96% |
| REC Ltd. | Financial | 1.24% | ₹199 Cr | +2.28% | +1.35% | +1.47% |
| company:7002 | Materials | 1.23% | ₹199 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 1.09% | ₹175 Cr | +0.92% | +0.90% | +0.96% |
| SMFG India Credit Company Ltd. | Financial | 1.08% | ₹175 Cr | — | — | — |
| JM Financial Credit Solutions Ltd. | Financial | 1.07% | ₹173 Cr | +1.05% | +1.04% | +1.10% |
| TVS Credit Services Ltd. | Financial | 0.95% | ₹153 Cr | +0.93% | +0.93% | +0.99% |
| Grasim Industries Ltd. | Materials | 0.93% | ₹150 Cr | +0.60% | +0.60% | +0.64% |
| Power Finance Corporation Ltd. | Financial | 0.93% | ₹149 Cr | +0.45% | +0.45% | +0.48% |
| Canara Bank | Financial | 0.92% | ₹148 Cr | +1.01% | — | — |
| Citi Corp Finance Ltd | Financial | 0.77% | ₹125 Cr | +0.76% | +0.15% | +0.16% |
| Housing & Urban Development Corporation Ltd. | Financial | 0.77% | ₹124 Cr | +1.20% | +1.18% | +0.96% |
| JTPM Metal Traders Ltd. | Metals & Mining | 0.77% | ₹124 Cr | +0.74% | +0.71% | — |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 0.75% | ₹121 Cr | +0.73% | +0.73% | +0.78% |
| HDB Financial Services Ltd. | Financial | 0.68% | ₹110 Cr | +0.91% | +0.90% | +0.96% |
| Tata Capital Ltd. | Financial | 0.62% | ₹99.57 Cr | +0.61% | — | — |
| Tata Power Renewable Energy Ltd. | Capital Goods | 0.62% | ₹101 Cr | +0.61% | +0.61% | +0.65% |
| Aavas Financiers Ltd. | Financial | 0.61% | ₹99.04 Cr | +0.60% | +0.60% | +0.64% |
| TMF Holdings Ltd. | Financial | 0.61% | ₹99.13 Cr | +0.60% | +0.59% | +0.63% |
| Punjab National Bank | Financial | 0.60% | ₹96.47 Cr | — | — | +0.61% |
| Union Bank of India | Financial | 0.60% | ₹96.51 Cr | — | — | — |
| Yes Bank Ltd. | Financial | 0.60% | ₹96.50 Cr | +0.57% | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.56% | ₹90.27 Cr | +0.50% | +0.48% | +0.52% |
| India Universal Trust AL1 | Others | 0.53% | ₹85.39 Cr | +0.59% | +0.63% | +0.79% |
| LIC Housing Finance Ltd. | Financial | 0.47% | ₹75.51 Cr | +0.60% | +0.60% | +0.64% |
| Truhome Finance Ltd. | Financial | 0.47% | ₹75.09 Cr | +0.46% | +0.45% | +0.48% |
| Dhruva Trust | Others | 0.39% | ₹63.34 Cr | +0.47% | +0.53% | +0.71% |
| Toyota Financial Services Ltd. | Financial | 0.34% | ₹54.50 Cr | +0.33% | +0.33% | +0.35% |
| Godrej Industries Ltd. | Consumer Staples | 0.31% | ₹50.14 Cr | +0.30% | +0.30% | +0.32% |
| IndiGrid Infrastructure Trust | Capital Goods | 0.31% | ₹49.43 Cr | +0.30% | +0.30% | +0.32% |
| Kotak Mahindra Prime Ltd. | Financial | 0.31% | ₹50.13 Cr | +0.30% | +0.30% | +0.32% |
| NTPC Ltd. | Energy | 0.31% | ₹50.08 Cr | +0.30% | +0.30% | +0.25% |
| Sundaram Finance Ltd. | Financial | 0.31% | ₹49.35 Cr | +0.30% | +0.18% | — |
| TAS Trust Series III - TML Financial Services A1 | Financial | 0.31% | ₹50.00 Cr | +0.30% | +0.30% | +0.32% |
| Tata Capital Financial Services Ltd. | Financial | 0.31% | ₹50.04 Cr | +0.30% | +0.30% | +0.32% |
| Tata Capital Housing Finance Ltd. | Financial | 0.31% | ₹49.88 Cr | +0.30% | +0.30% | +0.97% |
| Bank Of Baroda | Financial | 0.30% | ₹48.84 Cr | — | — | +0.93% |
| Bharti Telecom Ltd. | Communication | 0.16% | ₹25.07 Cr | +0.15% | +0.15% | +0.16% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.16% | ₹25.15 Cr | +0.15% | +0.15% | +0.16% |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 0.16% | ₹25.06 Cr | +0.61% | +0.59% | +1.27% |
| JM Financial Home Loans Ltd. | Financial | 0.15% | ₹24.99 Cr | +0.15% | +0.15% | +0.16% |
| Jubilant Bevco Ltd. | Consumer Staples | 0.14% | ₹22.36 Cr | +0.13% | +0.13% | +0.13% |
| Power Grid Corporation Of India Ltd. | Energy | 0.08% | ₹13.15 Cr | +0.08% | +0.30% | +0.32% |
| GOI | Sovereign | 0.06% | ₹10.32 Cr | +6.60% | +7.06% | +8.01% |
| Nirma Ltd. | Consumer Staples | 0.06% | ₹10.02 Cr | +0.06% | +0.06% | +0.06% |
| HDFC Bank Ltd. | Financial | 0.03% | ₹5.01 Cr | +0.03% | +0.03% | +0.03% |
| Tamilnadu State | Others | 0.03% | ₹5.05 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. | 0.30% | 1.53% | +1.23% |
| company:7002 | 0.00% | 1.23% | +1.23% |
| Shivshakti Securitisation Trust | 4.17% | 4.25% | +0.08% |
| Liquid Gold Series 7 | 0.06% | 0.00% | -0.06% |
| Jubilant Beverages Ltd. | 2.95% | 3.01% | +0.06% |
| Siddhivinayak Securitisation Trust | 2.41% | 2.46% | +0.05% |
| Canara Bank | 0.89% | 0.92% | +0.03% |
| India Universal Trust AL1 | 0.56% | 0.53% | -0.03% |
| Dhruva Trust | 0.42% | 0.39% | -0.03% |
| National Bank For Agriculture & Rural Development | 2.14% | 2.17% | +0.03% |
| Aadhar Housing Finance Ltd | 1.84% | 1.86% | +0.02% |
| Ascendas IT Park (Pune) Private Limited | 1.59% | 1.61% | +0.02% |
| Export-Import Bank Of India | 1.20% | 1.22% | +0.02% |
| JTPM Metal Traders Ltd. | 0.75% | 0.77% | +0.02% |
| Punjab National Bank | 0.58% | 0.60% | +0.02% |
| SMFG India Credit Company Ltd. | 1.06% | 1.08% | +0.02% |
| Torrent Power Ltd. | 1.41% | 1.43% | +0.02% |
| Union Bank of India | 0.58% | 0.60% | +0.02% |
| Yes Bank Ltd. | 0.58% | 0.60% | +0.02% |
| Aavas Financiers Ltd. | 0.60% | 0.61% | +0.01% |
| Bajaj Housing Finance Ltd. | 0.70% | 0.71% | +0.01% |
| Bharti Telecom Ltd. | 0.15% | 0.16% | +0.01% |
| Citi Corp Finance Ltd | 0.76% | 0.77% | +0.01% |
| Hindustan Petroleum Corporation Ltd. | 0.15% | 0.16% | +0.01% |
| Housing & Urban Development Corporation Ltd. | 0.60% | 0.61% | +0.01% |
| IndiGrid Infrastructure Trust | 0.30% | 0.31% | +0.01% |
| Indian Railway Finance Corporation Ltd. | 0.77% | 0.78% | +0.01% |
| JM Financial Credit Solutions Ltd. | 1.06% | 1.07% | +0.01% |
| Jamnagar Utilities and Power Pvt. Ltd. | 0.15% | 0.16% | +0.01% |
| Muthoot Finance Ltd. | 0.91% | 0.92% | +0.01% |
| National Housing Bank | 0.92% | 0.93% | +0.01% |
| Others | 0.30% | 0.31% | +0.01% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 0.74% | 0.75% | +0.01% |
| Poonawalla Fincorp Ltd. | 0.67% | 0.68% | +0.01% |
| Power Finance Corporation Ltd. | 0.15% | 0.16% | +0.01% |
| REC Ltd. | 0.77% | 0.78% | +0.01% |
| Sundaram Finance Ltd. | 0.30% | 0.31% | +0.01% |
| TAS Trust Series III - TML Financial Services A1 | 0.30% | 0.31% | +0.01% |
| TMF Holdings Ltd. | 0.60% | 0.61% | +0.01% |
| TVS Credit Services Ltd. | 0.94% | 0.95% | +0.01% |
| Tata Capital Housing Finance Ltd. | 0.30% | 0.31% | +0.01% |
| Tata Capital Ltd. | 0.61% | 0.62% | +0.01% |
| Tata Power Renewable Energy Ltd. | 0.61% | 0.62% | +0.01% |
| Toyota Financial Services Ltd. | 0.33% | 0.34% | +0.01% |
| Bajaj Finance Ltd. | 0.46% | 0.47% | +0.01% |
| Truhome Finance Ltd. | 0.46% | 0.47% | +0.01% |
| Andhra Pradesh State | 0.00% | 0.00% | 0.00% |
| Bank Of Baroda | 0.30% | 0.30% | 0.00% |
| Cholamandalam Investment and Finance Company Ltd. | 0.25% | 0.25% | 0.00% |
| GOI | 0.06% | 0.06% | 0.00% |
| Godrej Industries Ltd. | 0.31% | 0.31% | 0.00% |
| Grasim Industries Ltd. | 0.31% | 0.31% | 0.00% |
| HDB Financial Services Ltd. | 0.68% | 0.68% | 0.00% |
| HDFC Bank Ltd. | 0.03% | 0.03% | 0.00% |
| JM Financial Home Loans Ltd. | 0.15% | 0.15% | 0.00% |
| Jubilant Bevco Ltd. | 0.14% | 0.14% | 0.00% |
| Kotak Mahindra Prime Ltd. | 0.31% | 0.31% | 0.00% |
| LIC Housing Finance Ltd. | 0.31% | 0.31% | 0.00% |
| NTPC Ltd. | 0.31% | 0.31% | 0.00% |
| Nirma Ltd. | 0.06% | 0.06% | 0.00% |
| Power Grid Corporation Of India Ltd. | 0.08% | 0.08% | 0.00% |
| Tamilnadu State | 0.03% | 0.03% | 0.00% |
| Tata Capital Financial Services Ltd. | 0.31% | 0.31% | 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 | ₹2,093 Cr | 0.69% | 6.1% | 6.9% | 7.0% |
 ICICI Prudential Floating Interest Rates Fund | ₹9,119 Cr | 0.85% | 5.5% | 6.7% | 7.0% |
 SBI Floating Interest Rates Fund | ₹688 Cr | 0.42% | 6.4% | 6.9% | 7.0% |
 Franklin India Floating Interest Rates Fund | ₹281 Cr | 0.95% | 5.6% | 6.8% | 7.0% |
 Bandhan Floating Interest Rates Fund | ₹228 Cr | 0.71% | 6.1% | 6.9% | 6.8% |
 Axis Floating Interest Rates Fund | ₹149 Cr | 0.53% | 7.0% | 7.4% | 7.4% |
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 months3.03% absolute | ₹60,000 | ₹61,818 | 3.03% | |
| 1 year5.60% annualised | ₹1,20,000 | ₹1,23,703 | 3.09% | |
| 3 years7.23% annualised | ₹3,60,000 | ₹4,03,097 | 11.97% | |
| 5 years6.58% annualised | ₹6,00,000 | ₹7,12,083 | 18.68% |
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 ₹53.62 as on 25 Sep 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 5.4% over 1 year, 6.8% 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 85 schemes with ₹9,61,940 Cr under management.