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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: 51,383 Cr

Best performing Floating Rate Mutual Funds

NameAUM (Cr)Exp Ratio (%)1Y Return3Y CAGR5Y CAGR
ICICI Pru Floating Interest Fund7,339.850.398.61%8.55%7.09%
Franklin India Floating Rate Fund316.840.248.77%8.63%6.95%
HDFC Floating Rate Debt Fund15,772.630.268.30%8.24%6.79%
Kotak Floating Rate Fund2,992.890.268.75%8.33%6.66%
Nippon India Floater Fund8,387.840.358.51%8.20%6.56%
Aditya Birla SL Floating Rate Fund13,191.320.248.13%8.00%6.54%
SBI Floating Rate Debt Fund793.300.257.45%7.90%6.47%
UTI Floater Fund1,504.390.407.63%7.51%6.11%
DSP Floater Fund521.290.257.95%8.58%—%
Bandhan Floater Fund300.890.128.42%8.09%—%

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Overview of Floating Rate Mutual Funds

ICICI Pru Floating Interest Fund
  • AUM
    ₹ 7,339.85 Cr.
  • Expense Ratio
    0.39%
  • 5Y CAGR
    7.09%
Performance
The fund's annualised performance has been 8.32% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.68% vs its category average of 0.99%.
Composition
Corporate Debt makes up for the majority of the fund at 50.08% along with the largest allocation towards G-Sec at 33.69%.
Franklin India Floating Rate Fund
  • AUM
    ₹ 316.84 Cr.
  • Expense Ratio
    0.24%
  • 5Y CAGR
    6.95%
Performance
The fund's annualised performance has been 7.16% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.98% vs its category average of 0.99%.
Composition
Government Securities makes up for the majority of the fund at 63.06% along with the largest allocation towards G-Sec at 63.06%.
HDFC Floating Rate Debt Fund
  • AUM
    ₹ 15,772.63 Cr.
  • Expense Ratio
    0.26%
  • 5Y CAGR
    6.79%
Performance
The fund's annualised performance has been 7.92% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.64% vs its category average of 0.99%.
Composition
Corporate Debt makes up for the majority of the fund at 58.56% along with the largest allocation towards G-Sec at 27.24%.
Kotak Floating Rate Fund
  • AUM
    ₹ 2,992.89 Cr.
  • Expense Ratio
    0.26%
  • 5Y CAGR
    6.66%
Performance
The fund's annualised performance has been 7.42% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.74% vs its category average of 0.99%.
Composition
Corporate Debt makes up for the majority of the fund at 58.67% along with the largest allocation towards G-Sec at 30.99%.
Nippon India Floater Fund
  • AUM
    ₹ 8,387.84 Cr.
  • Expense Ratio
    0.35%
  • 5Y CAGR
    6.56%
Performance
The fund's annualised performance has been 8.01% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.91% vs its category average of 0.99%.
Composition
Corporate Debt makes up for the majority of the fund at 58.3% along with the largest allocation towards G-Sec at 28.55%.
Aditya Birla SL Floating Rate Fund
  • AUM
    ₹ 13,191.32 Cr.
  • Expense Ratio
    0.24%
  • 5Y CAGR
    6.54%
Performance
The fund's annualised performance has been 7.99% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.57% vs its category average of 0.99%.
Composition
Corporate Debt makes up for the majority of the fund at 60.29% along with the largest allocation towards Public Banks at 25.08%.
SBI Floating Rate Debt Fund
  • AUM
    ₹ 793.30 Cr.
  • Expense Ratio
    0.25%
  • 5Y CAGR
    6.47%
Performance
The fund's annualised performance has been 6.48% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.8% vs its category average of 0.99%.
Composition
Government Securities makes up for the majority of the fund at 76.84% along with the largest allocation towards G-Sec at 76.84%.
UTI Floater Fund
  • AUM
    ₹ 1,504.39 Cr.
  • Expense Ratio
    0.4%
  • 5Y CAGR
    6.11%
Performance
The fund's annualised performance has been 6.94% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.7% vs its category average of 0.99%.
Composition
Corporate Debt makes up for the majority of the fund at 72.14% along with the largest allocation towards Public Banks at 22.48%.
DSP Floater Fund
  • AUM
    ₹ 521.29 Cr.
  • Expense Ratio
    0.25%
  • 5Y CAGR
    0%
Performance
The fund's annualised performance has been 7% 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 0.99%.
Composition
Government Securities makes up for the majority of the fund at 61.12% along with the largest allocation towards G-Sec at 61.12%.
Bandhan Floater Fund
  • AUM
    ₹ 300.89 Cr.
  • Expense Ratio
    0.12%
  • 5Y CAGR
    0%
Performance
The fund's annualised performance has been 6.58% 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 0.99%.
Composition
Corporate Debt makes up for the majority of the fund at 70.94% along with the largest allocation towards Specialized Finance at 16.5%.
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.