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Floating Rate Mutual Funds

Floating rate funds are debt funds. They invest in bonds and debt instruments whose interest payments alter with an underlying interest rate level.

  • ⏱ Horizon: Medium
  • 🔢 Total funds: 12
  • 💰 Total AUM: 51,339 Cr

Best performing Floating Rate Mutual Funds

NameAUM (Cr)Exp Ratio (%)1Y Return3Y CAGR5Y CAGR
ICICI Pru Floating Interest Fund7,041.010.306.85%8.21%7.19%
Franklin India Floating Rate Fund313.920.256.66%8.41%7.09%
HDFC Floating Rate Debt Fund16,415.330.276.23%7.84%6.82%
Kotak Floating Rate Fund3,250.180.266.38%7.91%6.80%
Aditya Birla SL Floating Rate Fund13,682.860.246.37%7.60%6.65%
SBI Floating Rate Debt Fund686.370.246.21%7.75%6.61%
DSP Floater Fund350.010.254.84%7.87%6.54%
Nippon India Floater Fund7,542.110.355.60%7.57%6.50%
Bandhan Floater Fund255.010.125.77%7.66%6.46%
UTI Floater Fund1,515.910.426.16%7.24%6.23%

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Overview of Floating Rate Mutual Funds

ICICI Pru Floating Interest Fund
  • AUM
    ₹ 7,041.01 Cr.
  • Expense Ratio
    0.3%
  • 5Y CAGR
    7.19%
Performance
The fund's annualised performance has been 8.22% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.77% vs its category average of 1.05%.
Composition
Corporate Debt makes up for the majority of the fund at 66.25% along with the largest allocation towards Public Banks at 21.51%.
Franklin India Floating Rate Fund
  • AUM
    ₹ 313.92 Cr.
  • Expense Ratio
    0.25%
  • 5Y CAGR
    7.09%
Performance
The fund's annualised performance has been 7.12% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.92% vs its category average of 1.05%.
Composition
Certificate of Deposit makes up for the majority of the fund at 40.8% along with the largest allocation towards G-Sec at 38.05%.
HDFC Floating Rate Debt Fund
  • AUM
    ₹ 16,415.33 Cr.
  • Expense Ratio
    0.27%
  • 5Y CAGR
    6.82%
Performance
The fund's annualised performance has been 7.81% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.75% vs its category average of 1.05%.
Composition
Corporate Debt makes up for the majority of the fund at 58.96% along with the largest allocation towards G-Sec at 26.84%.
Kotak Floating Rate Fund
  • AUM
    ₹ 3,250.18 Cr.
  • Expense Ratio
    0.26%
  • 5Y CAGR
    6.8%
Performance
The fund's annualised performance has been 7.23% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.83% vs its category average of 1.05%.
Composition
Corporate Debt makes up for the majority of the fund at 71.32% along with the largest allocation towards Consumer Finance at 14.48%.
Aditya Birla SL Floating Rate Fund
  • AUM
    ₹ 13,682.86 Cr.
  • Expense Ratio
    0.24%
  • 5Y CAGR
    6.65%
Performance
The fund's annualised performance has been 7.89% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.62% vs its category average of 1.05%.
Composition
Corporate Debt makes up for the majority of the fund at 49.97% along with the largest allocation towards Public Banks at 31.88%.
SBI Floating Rate Debt Fund
  • AUM
    ₹ 686.37 Cr.
  • Expense Ratio
    0.24%
  • 5Y CAGR
    6.61%
Performance
The fund's annualised performance has been 6.44% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 1.13% vs its category average of 1.05%.
Composition
Government Securities makes up for the majority of the fund at 70.72% along with the largest allocation towards G-Sec at 70.72%.
DSP Floater Fund
  • AUM
    ₹ 350.01 Cr.
  • Expense Ratio
    0.25%
  • 5Y CAGR
    6.54%
Performance
The fund's annualised performance has been 6.66% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 1.12% vs its category average of 1.05%.
Composition
Corporate Debt makes up for the majority of the fund at 36.47% along with the largest allocation towards G-Sec at 31.37%.
Nippon India Floater Fund
  • AUM
    ₹ 7,542.11 Cr.
  • Expense Ratio
    0.35%
  • 5Y CAGR
    6.5%
Performance
The fund's annualised performance has been 7.85% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 1.02% vs its category average of 1.05%.
Composition
Corporate Debt makes up for the majority of the fund at 60.96% along with the largest allocation towards G-Sec at 21.83%.
Bandhan Floater Fund
  • AUM
    ₹ 255.01 Cr.
  • Expense Ratio
    0.12%
  • 5Y CAGR
    6.46%
Performance
The fund's annualised performance has been 6.4% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 1.1% vs its category average of 1.05%.
Composition
Corporate Debt makes up for the majority of the fund at 76.12% along with the largest allocation towards Specialized Finance at 13.72%.
UTI Floater Fund
  • AUM
    ₹ 1,515.91 Cr.
  • Expense Ratio
    0.42%
  • 5Y CAGR
    6.23%
Performance
The fund's annualised performance has been 6.86% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.72% vs its category average of 1.05%.
Composition
Corporate Debt makes up for the majority of the fund at 65.72% along with the largest allocation towards Consumer Finance at 14.87%.
This compilation has been made as and by way of an update from the publicly available sources of information.This compilation is provided for information purposes only and is not intended to be relied upon by any party as the basis of any decision.

While every effort has been made to take due care in publishing this compilation and to avoid errors or omissions, this compilation is published with a condition and understanding that the Anchorage Technologies Private Limited (ATPL) shall not be responsible for any damages, compensation or loss or action taken or abstained to be taken on the basis of this article/commentary to any person whomsoever.

Investing in Mutual Funds,Stocks/ETFs (Exchange Traded Funds) and securities are subject to market risk. Please read all the related documents carefully before investing. Investors should consider all risk factors and consult their financial advisor before investing. Representations are not indicative of future results.