DHFL Pramerica Floating Rate Fund Growth
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|Risk||Moderately Low risk|
|Fund Type||Floating Rate|
More about this fund
|Dewan Housing Finance Corporation Limited||31.94%|
About DHFL Pramerica Floating Rate Fund
DHFL Pramerica Floating Rate Fund as the name suggests is a debt fund investing in floating rate instruments. The scheme seeks to create a portfolio of floating rate debt instruments to generate income over a short-term. The fund may also invest up to 35% capital in debt and money market securities.
Pros & Cons of DHFL Pramerica Floating Rate Fund
- DHFL Pramerica Floating Rate Fund offers the following benefits:
- The scheme provides investors with an opportunity to make reasonable gains at minimal risks.
- The fixed rate instruments are converted to floating rate exposures using swaps/ derivatives and the bond holding is also actively managed.
- However, the fund returns are lower than the average category returns.
Fund Information and Statistics of DHFL Pramerica Floating Rate Fund
i) Inception / Launch date -
DHFL Pramerica Floating Rate Fund was launched on October 09, 2009, by DHFL Pramerica Mutual Fund.
ii) Risk level –
DHFL Pramerica Floating Rate Fund is a moderately-low risk fund suitable for short-term income generation.
iii) Redemption –
Redemption of units will be done at applicable NAV prices on every business day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.
iv) Fund Manager –
The fund is jointly managed by Mr Rakesh Suri since May 2017 and Mr Puneet Pal since January 2018. They have a cumulative experience of 33 years.
v) Entry / Exit load -
The fund house does not charge any entry load or exit load.
Tax benefits of investing in DHFL Pramerica Floating Rate Fund
A Short-term capital gain tax is applicable as per the income tax slab if sold before 36 months. If the investments are redeemed after 36 months, a long-term capital gain tax of 20% with indexation is levied.
About DHFL Pramerica Mutual Funds
DHFL Pramerica Mutual Fund is a joint venture between DHFL and Pramerica. DHFL was founded in 1984 with an aim to provide financial access to the lower and middle-income segments of the society. The company strives to work towards financial inclusion even in India’s smallest towns. Over the years, DHFL has become one of India’s largest financial institutions.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns