Item: Axis Floater Fund Direct Growth
Rating: 4
Author: Morningstar

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

1363.906 (0.023%)

NAV on February 20, 2026

Category Fixed income:
Floating Rate

Interest rate sensitivity
Credit quality

Moderate Sensitivity High Quality

Total Assets 150 cr

Turnover Ratio 605.83%

Expense Ratio 0.19%

Exit Load -

Returns

1M: 0.76%
1Y: 7.67%
3M: 1.10%
3Y: 8.29%
6M: 3.10%
5Y: N/A

Min Investment 5,000

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ADDITIONAL INFO

Fund Manager Aditya Pagaria (Since over 4 years) Hardik Shah (Since about 4 years)

ISIN INF846K014A6

Fund Family Axis

Launch Date July 29, 2021

Benchmark NIFTY Long Duration Debt Index TR INR

Avg. Maturity 8.26 years

Yield To Maturity (%) 7.40%

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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Top Floating Rate Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
Franklin India Floating Rate Direct Growth	46.509	8.59%	286 cr	0.25%	Average
ICICI Prudential Floating Interest Fund Direct Plan Growth	484.567	8.07%	7,196 cr	0.30%	Below Average
Nippon India Floater Fund Direct Plan Growth Plan	49.472	7.84%	8,471 cr	0.35%	Average
HDFC Floating Rate Debt - Direct Plan - Growth Option	53.104	7.76%	16,733 cr	0.27%	Below Average