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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: 51,473 Cr

Best performing Floating Rate Mutual Funds

NameAUM (Cr)Exp Ratio (%)1Y Return3Y CAGR5Y CAGR
Axis Floater Fund132.700.226.75%8.43%7.26%
ICICI Pru Floating Interest Fund7,567.210.306.87%8.10%7.22%
Franklin India Floating Rate Fund278.830.286.26%8.28%7.22%
HDFC Floating Rate Debt Fund16,451.550.276.21%7.81%6.93%
Kotak Floating Rate Fund3,102.000.246.17%7.96%6.86%
DSP Floater Fund329.460.265.89%8.04%6.84%
SBI Floating Rate Debt Fund674.770.286.56%7.87%6.83%
Bandhan Floater Fund221.480.096.64%7.95%6.79%
Aditya Birla SL Floating Rate Fund13,519.320.246.17%7.55%6.76%
Tata Floating Rate Fund116.770.316.05%7.61%6.75%

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Overview of Floating Rate Mutual Funds

Axis Floater Fund
  • AUM
    ₹ 132.70 Cr.
  • Expense Ratio
    0.22%
  • 5Y CAGR
    7.26%
Performance
The fund's annualised performance has been 7.25% since inception.
Risk
The fund has been categorised as Moderately High by SEBI and has a standard deviation of 2.12% vs its category average of 1.12%.
Composition
Government Securities makes up for the majority of the fund at 44.29% along with the largest allocation towards G-Sec at 44.29%.
ICICI Pru Floating Interest Fund
  • AUM
    ₹ 7,567.21 Cr.
  • Expense Ratio
    0.3%
  • 5Y CAGR
    7.22%
Performance
The fund's annualised performance has been 8.23% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.94% vs its category average of 1.12%.
Composition
Corporate Debt makes up for the majority of the fund at 67.41% along with the largest allocation towards Public Banks at 21.06%.
Franklin India Floating Rate Fund
  • AUM
    ₹ 278.83 Cr.
  • Expense Ratio
    0.28%
  • 5Y CAGR
    7.22%
Performance
The fund's annualised performance has been 7.13% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.89% vs its category average of 1.12%.
Composition
Corporate Debt makes up for the majority of the fund at 40.35% along with the largest allocation towards G-Sec at 38.34%.
HDFC Floating Rate Debt Fund
  • AUM
    ₹ 16,451.55 Cr.
  • Expense Ratio
    0.27%
  • 5Y CAGR
    6.93%
Performance
The fund's annualised performance has been 7.83% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.88% vs its category average of 1.12%.
Composition
Corporate Debt makes up for the majority of the fund at 66.44% along with the largest allocation towards Public Banks at 29.19%.
Kotak Floating Rate Fund
  • AUM
    ₹ 3,102.00 Cr.
  • Expense Ratio
    0.24%
  • 5Y CAGR
    6.86%
Performance
The fund's annualised performance has been 7.28% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.96% vs its category average of 1.12%.
Composition
Corporate Debt makes up for the majority of the fund at 76.2% along with the largest allocation towards G-Sec at 16.27%.
DSP Floater Fund
  • AUM
    ₹ 329.46 Cr.
  • Expense Ratio
    0.26%
  • 5Y CAGR
    6.84%
Performance
The fund's annualised performance has been 6.84% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 1.37% vs its category average of 1.12%.
Composition
Government Securities makes up for the majority of the fund at 46.81% along with the largest allocation towards G-Sec at 46.81%.
SBI Floating Rate Debt Fund
  • AUM
    ₹ 674.77 Cr.
  • Expense Ratio
    0.28%
  • 5Y CAGR
    6.83%
Performance
The fund's annualised performance has been 6.57% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 1.3% vs its category average of 1.12%.
Composition
Government Securities makes up for the majority of the fund at 92.33% along with the largest allocation towards G-Sec at 92.33%.
Bandhan Floater Fund
  • AUM
    ₹ 221.48 Cr.
  • Expense Ratio
    0.09%
  • 5Y CAGR
    6.79%
Performance
The fund's annualised performance has been 6.6% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 1.25% vs its category average of 1.12%.
Composition
Corporate Debt makes up for the majority of the fund at 69.5% along with the largest allocation towards G-Sec at 20.24%.
Aditya Birla SL Floating Rate Fund
  • AUM
    ₹ 13,519.32 Cr.
  • Expense Ratio
    0.24%
  • 5Y CAGR
    6.76%
Performance
The fund's annualised performance has been 7.88% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.65% vs its category average of 1.12%.
Composition
Corporate Debt makes up for the majority of the fund at 53.03% along with the largest allocation towards Public Banks at 30.34%.
Tata Floating Rate Fund
  • AUM
    ₹ 116.77 Cr.
  • Expense Ratio
    0.31%
  • 5Y CAGR
    6.75%
Performance
The fund's annualised performance has been 6.71% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.9% vs its category average of 1.12%.
Composition
Corporate Debt makes up for the majority of the fund at 62.63% along with the largest allocation towards G-Sec at 26.06%.
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.