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

1001.749 (0.022%)

NAV on May 30, 2023

Category Fixed income:

Interest rate sensitivity
Credit quality

Limited Sensitivity High Quality

Total Assets 339 cr

Turnover Ratio 390.60%

Expense Ratio 0.15%

Exit Load -

Returns

1M: 0.71%
1Y: 7.00%
3M: 2.73%
3Y: N/A
6M: 3.77%
5Y: N/A

Min Investment 5,000

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ADDITIONAL INFO

Fund Manager Aditya Pagaria (Since almost 2 years) Hardik Shah (Since over 1 year)

ISIN INF846K017A9

Fund Family Axis

Launch Date July 29, 2021

Benchmark Crisil Low Duration Debt TR INR

Avg. Maturity 3.15 years

Yield To Maturity (%) 7.60%

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.

View Factsheet

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Top Performing

Top Floating Rate Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
ICICI Prudential Floating Interest Fund Direct Plan Growth	388.767	7.76%	12,451 cr	0.62%	Average
HDFC Floating Rate Debt - Direct Plan - Growth Option	42.982	7.08%	15,867 cr	0.26%	Below Average
Kotak Floating Rate Fund Direct Growth	1303.158	6.87%	4,880 cr	0.23%	High
Nippon India Floating Rate Fund Direct Plan Growth Plan	40.205	6.80%	7,264 cr	0.30%	Average

Best Floating Rate Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
ICICI Prudential Floating Interest Fund Direct Plan Growth	388.767	7.76%	12,451 cr	0.62%	Average
HDFC Floating Rate Debt - Direct Plan - Growth Option	42.982	7.08%	15,867 cr	0.26%	Below Average
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth	303.850	6.94%	12,150 cr	0.23%	Below Average
Kotak Floating Rate Fund Direct Growth	1303.158	6.87%	4,880 cr	0.23%	High

Best Arbitrage Fund Funds

NAME		LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
Axis Floater Fund Direct Growth		1102.548	7.03%	339 cr	0.15%	-

Other plans of Axis Floater Fund

Axis Floater Fund Direct Growth

Arbitrage Fund
Axis Floater Fund Direct Monthly Payout Inc Dist cum Cap Wdrl

Arbitrage Fund

Other Debt funds by Axis

Axis Corporate Debt Fund Direct Growth

Corporate Bond
Axis Ultra Short Term Fund Direct Growth

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Axis Short Term Fund Direct Plan Growth Option

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Axis Strategic Bond Fund Direct Growth Option

Medium Duration
Axis Dynamic Bond Fund Direct Plan Growth Option

Dynamic Bond
Axis Gilt Fund Direct Plan Growth Option

Government Bond
Axis Floater Fund Direct Growth

Arbitrage Fund
Axis Banking & PSU Debt Fund Direct Plan Growth

Banking & PSU
Axis Credit Risk Fund Direct Growth

Credit Risk
Axis Treasury Advantage Fund Direct Plan Growth Option

Low Duration

Axis Floater Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl