A constant rake planar cutting edge fluted drill bit and a method of manufacturing the same. The drill bit includes a planar cutting face formed at the tip end of the bit by a motion of a rotating machining wheel respective to a stationary blank in a first step. Once the cutting face is formed, the blank is rotated and translated in a direction parallel to an elongated axis, during which the rotating machining wheel creates a flute. Upon completion of the first flute, the bit is rotated accordingly and the processes are repeated to create each subsequent planar cutting face and respective flute. The process can also be completed in a slightly modified version of a reverse process, fabricating a flute prior to formation of the planar cutting face of the bit.