Which funds are similar to HDFC Floating Interest Rates Fund Direct Plan-Growth?
Funds similar to HDFC Floating Interest Rates Fund Direct Plan-Growth in the Debt: Floating Interest Rate category include Aditya Birla Sun Life Floating Interest Rate Direct Fund-Growth, ICICI Prudential Floating Interest Rates Fund Direct-Growth, and Nippon India Floating Interest Rates Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.
What is the rank of HDFC Floating Interest Rates Fund Direct Plan-Growth in its category?
On a 3-year return basis HDFC Floating Interest Rates Fund Direct Plan-Growth is ranked 7 out of 12 funds in the Debt: Floating Interest Rate category as of 6 Sep 2026. On a 5-year return basis it ranks 4 out of 12. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.
How does HDFC Floating Interest Rates Fund Direct Plan-Growth's expense ratio compare to similar funds?
HDFC Floating Interest Rates Fund Direct Plan-Growth has an expense ratio of 0.27%. The peers Aditya Birla Sun Life Floating Interest Rate Direct Fund-Growth has an expense ratio of 0.25% and ICICI Prudential Floating Interest Rates Fund Direct-Growth has 0.29%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.
How does HDFC Floating Interest Rates Fund Direct Plan-Growth's AUM compare to similar funds?
HDFC Floating Interest Rates Fund Direct Plan-Growth has an AUM of ₹16,133.3 crore. The peers Aditya Birla Sun Life Floating Interest Rate Direct Fund-Growth has an AUM of ₹13,211.5 crore and ICICI Prudential Floating Interest Rates Fund Direct-Growth has ₹9,118.82 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.
Which fund has the best 3-year returns in the Debt: Floating Interest Rate?
The top performing fund in the Debt: Floating Interest Rate category on a 3-year basis is Axis Floating Interest Rates Fund Direct-Growth with a CAGR of 8.40% as of 6 Sep 2026. HDFC Floating Interest Rates Fund Direct Plan-Growth has delivered 7.69% CAGR over the same period, ranking 7 out of 12 funds. You can view and compare the full category ranking on sharpely.
How does HDFC Floating Interest Rates Fund Direct Plan-Growth rank in risk-adjusted returns vs peers?
On a risk-adjusted basis, HDFC Floating Interest Rates Fund Direct Plan-Growth has a Sharpe ratio of 1.68 compared to the Debt: Floating Interest Rate average of 1.58 as of 6 Sep 2026. It ranks 5 out of 12 funds in its category on Sharpe ratio.
