Latest NAV & returns of AXIS ASSET MANAGEMENT COMPANY LIMITED

Axis Floater Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl

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NAV on July 16, 2024
Category Fixed income:
Floating Rate
Interest rate sensitivity
Credit quality
Extensive Sensitivity High Quality
Total Assets 256 cr
Turnover Ratio 412.88%
Expense Ratio 0.20%
Exit Load -
Returns
  • 1M: 0.13%
  • 1Y: 6.50%
  • 3M: 1.16%
  • 3Y: N/A
  • 6M: 2.80%
  • 5Y: N/A
Min Investment 5,000
ADDITIONAL INFO
Fund Manager Aditya Pagaria (Since almost 3 years) Hardik Shah (Since over 2 years)
ISIN INF846K017A9
Fund Family Axis
Launch Date July 29, 2021
Benchmark NIFTY Long Duration Debt Index TR INR
Avg. Maturity 15.29 years
Yield To Maturity (%) 7.28%
ASSET ALLOCATION
CREDIT QUALITY (%)
AAA 97.90%
AA 2.10%
A 0.00%
BBB 0.00%
BB 0.00%
B 0.00%
Below B 0.00%
Unrated 0.00%
RISK MEASURES (3 yrs)
vs NIFTY Long Duration Debt Index TR INR

Alpha -
Beta -
R-Squared -
Info Ratio -
Tracking Err -
Sortino -
Sharpe -
Std Dev -
Risk -
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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Top Floating Rate Funds
NAME LATEST
NAV
RETURNS
1y      
FUND
ASSETS
EXPENSE
RATIO
RISK
427.474 8.70% 9,558 cr 0.56% Above Average
47.006 8.29% 14,524 cr 0.26% Below Average
330.932 7.91% 12,400 cr 0.23% Low
43.714 7.82% 7,817 cr 0.31% Average
Best Floating Rate Funds
NAME LATEST
NAV
RETURNS
1y    
FUND
ASSETS
Expense
RATIO
RISK
427.474 8.70% 9,558 cr 0.56% Above Average
1207.792 8.68% 256 cr 0.2% -
40.801 8.67% 307 cr 0.22% Below Average
47.006 8.29% 14,524 cr 0.26% Below Average


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