Item: Axis Floater Fund Direct Growth
Rating: 5
Author: Morningstar

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

1429.321 (-0.043%)

NAV on August 17, 2026

Category Fixed income:
Floating Rate

Interest rate sensitivity
Credit quality

Moderate Sensitivity High Quality

Total Assets 124 cr

Turnover Ratio 605.83%

Expense Ratio 0.23%

Exit Load -

Returns

1M: Positive return: 0.93%
1Y: Positive return: 7.86%
3M: Positive return: 3.73%
3Y: Positive return: 8.67%
6M: Positive return: 4.80%
5Y: Positive return: 7.33%

Min Investment 5,000

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ADDITIONAL INFO

Fund Manager Aditya Pagaria (Since about 5 years) Hardik Shah (Since over 4 years)

ISIN INF846K014A6

Fund Family Axis

Launch Date July 29, 2021

Benchmark NIFTY Long Duration Debt Index TR INR

Avg. Maturity 14.41 years

Yield To Maturity (%) 7.56%

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.

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Top Rated
Top Performing

Top Floating Rate Funds

Name	Latest NAV	Returns 1y	Fund Assets	Expense Ratio	Risk
Axis Floater Fund Direct Growth	₹ 1429.321	7.86%	₹ 124 cr	0.23%	High
ICICI Prudential Floating Interest Fund Direct Plan Growth	₹ 501.580	7.09%	₹ 8,464 cr	0.26%	Below Average
Franklin India Floating Rate Direct Growth	₹ 48.046	6.70%	₹ 290 cr	0.23%	Average
HDFC Floating Rate Debt - Direct Plan - Growth Option	₹ 54.829	6.48%	₹ 16,409 cr	0.27%	Below Average