Item: Axis Floater Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl
Rating: Unrated
Author: Morningstar

Home › Mutual Funds › Axis Mutual Fund › Axis Floater Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl

1004.365 (-0.138%)

NAV on April 16, 2024

Category Fixed income:

Interest rate sensitivity
Credit quality

N/A

Total Assets 279 cr

Turnover Ratio 412.88%

Expense Ratio 0.20%

Exit Load -

Returns

1M: 0.02%
1Y: 7.27%
3M: 1.62%
3Y: N/A
6M: 4.35%
5Y: N/A

Min Investment 5,000

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ADDITIONAL INFO

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

ISIN INF846K017A9

Fund Family Axis

Launch Date July 29, 2021

Benchmark NIFTY Long Duration Debt Index TR INR

Avg. Maturity -

Yield To Maturity (%) -

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.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

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