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

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

1082.471 (0.073%)

NAV on March 23, 2023

Category Fixed income:

Interest rate sensitivity
Credit quality

Limited Sensitivity High Quality

Total Assets 323 cr

Turnover Ratio 390.60%

Expense Ratio 0.16%

Exit Load -

Returns

1M: 0.84%
1Y: 5.77%
3M: 1.62%
3Y: N/A
6M: 3.81%
5Y: N/A

Min Investment 5,000

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ADDITIONAL INFO

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

ISIN INF846K014A6

Fund Family Axis

Launch Date July 29, 2021

Benchmark Crisil Low Duration Debt TR INR

Avg. Maturity 3.40 years

Yield To Maturity (%) 7.47%

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

Top Rated
Top Performing

Top Floating Rate Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
ICICI Prudential Floating Interest Fund Direct Plan Growth	381.917	6.24%	11,596 cr	0.62%	Average
HDFC Floating Rate Debt - Direct Plan - Growth Option	42.249	5.56%	14,759 cr	0.26%	Average
Kotak Floating Rate Fund Direct Growth	1280.540	4.62%	4,686 cr	0.22%	High
Nippon India Floating Rate Fund Direct Plan Growth Plan	39.427	4.60%	7,248 cr	0.27%	Average

Best Floating Rate Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
ICICI Prudential Floating Interest Fund Direct Plan Growth	381.917	6.24%	11,596 cr	0.62%	Average
Franklin India Floating Rate Direct Growth	36.558	5.82%	308 cr	0.21%	Low
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth	298.838	5.80%	12,171 cr	0.23%	Below Average
Kotak Floating Rate Fund Direct Growth	1280.540	4.62%	4,686 cr	0.22%	High