Item: Axis Floater Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl
Rating: 3
Author: Morningstar

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

1012.164 (0.270%)

NAV on January 21, 2025

Category Fixed income:
Floating Rate

Interest rate sensitivity
Credit quality

Extensive Sensitivity High Quality

Total Assets 169 cr

Turnover Ratio 664.95%

Expense Ratio 0.20%

Exit Load -

Returns

1M: -0.07%
1Y: 7.83%
3M: -0.19%
3Y: 6.76%
6M: 2.67%
5Y: N/A

Min Investment 5,000

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ADDITIONAL INFO

Fund Manager Aditya Pagaria (Since over 3 years) Hardik Shah (Since almost 3 years)

ISIN INF846K017A9

Fund Family Axis

Launch Date July 29, 2021

Benchmark NIFTY Long Duration Debt Index TR INR

Avg. Maturity 23.10 years

Yield To Maturity (%) 7.39%

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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NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
Axis Floater Fund Direct Growth	1261.483	9.63%	169 cr	0.20%	High
ICICI Prudential Floating Interest Fund Direct Plan Growth	445.552	8.83%	7,777 cr	0.55%	Above Average
HDFC Floating Rate Debt - Direct Plan - Growth Option	48.968	8.61%	14,929 cr	0.26%	Average
Nippon India Floating Rate Fund Direct Plan Growth Plan	45.568	8.54%	7,581 cr	0.31%	Average