Item: Axis Floater Fund Direct Growth
Rating: Unrated
Author: Morningstar

Home › Mutual Funds › Axis Mutual Fund › Axis Floater Fund Direct Growth

1124.186 (0.075%)

NAV on September 20, 2023

Category Fixed income:

Interest rate sensitivity
Credit quality

Limited Sensitivity High Quality

Total Assets 329 cr

Turnover Ratio 412.88%

Expense Ratio 0.18%

Exit Load -

Returns

1M: 0.82%
1Y: 7.52%
3M: 1.63%
3Y: N/A
6M: 3.88%
5Y: N/A

Min Investment 5,000

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ADDITIONAL INFO

Fund Manager Aditya Pagaria (Since about 2 years) Hardik Shah (Since over 1 year)

ISIN INF846K014A6

Fund Family Axis

Launch Date July 29, 2021

Benchmark CRISIL Short Term Bond TR INR

Avg. Maturity 4.38 years

Yield To Maturity (%) 7.52%

INVESTMENT OBJECTIVE

To generate regular income through investment in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

You will not receive any dividends. Your investments will get the largest benefit of compounding.

View Factsheet

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NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
ICICI Prudential Floating Interest Fund Direct Plan Growth	401.603	8.58%	13,923 cr	0.62%	Average
HDFC Floating Rate Debt - Direct Plan - Growth Option	44.157	7.85%	18,358 cr	0.26%	Below Average
Nippon India Floating Rate Fund Direct Plan Growth Plan	41.118	7.54%	7,979 cr	0.30%	Average