When investing in debt securities, interest rates are a crucial factor in decision-making. An investor needs to carefully assess the interest rate environment while picking the ideal investment option. A floater mutual fund is a debt mutual fund that invests in debt securities with varying interest rates that fluctuate with market conditions.
A floater mutual fund is one that invests at least 65% of its portfolio in floating-rate debt instruments. Unlike fixed-rate debt instruments, floating-rate instruments have variable interest rates.
The interest rate of floating-rate instruments is linked to market conditions or a benchmark index and is influenced by the current interest rate environment. A floater mutual fund also invests in fixed-income securities that are modified to perform similarly to floating rate instruments. This allows floating mutual funds to adjust their portfolios and benefit from different business cycles and rising interest rates.
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| Fund Name | Category | Risk | NAV | Expense Ratio | 1Y Returns | 3Y Returns | 5Y Returns | Rating | Fund Size (in Cr) | Exit Load |
|---|---|---|---|---|---|---|---|---|---|---|
Aditya Birla Sun Life Floating Rate Direct Fund | Debt | Low to Moderate | 366.61 | 0.24 | 8.1% | 8.0% | 6.5% | 5 | ₹13,126 | - |
ICICI Prudential Floating Interest Fund | Debt | Moderate | 475.80 | 0.3 | 8.2% | 8.4% | 7.1% | 4 | ₹7,132 | - |
Kotak Floating Rate Fund | Debt | Moderate | 1,590.88 | 0.26 | 8.8% | 8.4% | 6.7% | 4 | ₹2,988 | - |
HDFC Floating Rate Debt Fund | Debt | Moderate | 52.31 | 0.26 | 8.3% | 8.2% | 6.8% | 4 | ₹15,548 | - |
Franklin India Floating Rate Fund | Debt | Low to Moderate | 45.67 | 0.24 | 8.8% | 8.7% | 6.9% | 3 | ₹326 | - |
Nippon India Floater Fund | Debt | Moderate | 48.86 | 0.35 | 8.7% | 8.3% | 6.6% | 3 | ₹8,359 | - |
SBI Floating Rate Debt Fund | Debt | Low to Moderate | 13.72 | 0.25 | 7.5% | 8.0% | 6.5% | 3 | ₹794 | Exit load of 0.10%, if redeemed within 3 days. |
UTI Floater Fund | Debt | Low to Moderate | 1,603.03 | 0.37 | 7.7% | 7.5% | 6.1% | 3 | ₹1,504 | - |
DSP Floater Fund | Debt | Moderate | 13.69 | 0.25 | 8.3% | 8.7% | NA | 2 | ₹523 | - |
Bandhan Floater Fund | Debt | Moderate | 13.51 | 0.12 | 8.7% | 8.1% | NA | 2 | ₹300 | - |
Tata Floating Rate Fund | Debt | Moderate | 13.31 | 0.3 | 8.2% | 7.8% | NA | 2 | ₹139 | - |
Axis Floater Fund | Debt | Moderate | 1,346.47 | 0.19 | 8.1% | 8.6% | NA | 1 | ₹127 | - |
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Fund Performance: The Aditya Birla Sun Life Floating Rate Direct Fund has given 7.98% annualized returns in the past three years and 6.51% in the last 5 years. The Aditya Birla Sun Life Floating Rate Direct Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Floating Rate Direct Fund via lump sum is ₹1,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹13,126Cr |
| 1Y Returns | 8.1% |
Fund Performance: The ICICI Prudential Floating Interest Fund has given 8.44% annualized returns in the past three years and 7.09% in the last 5 years. The ICICI Prudential Floating Interest Fund comes under the Debt category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Floating Interest Fund via lump sum is ₹500 and via SIP is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹7,132Cr |
| 1Y Returns | 8.2% |
Fund Performance: The Kotak Floating Rate Fund has given 8.36% annualized returns in the past three years and 6.74% in the last 5 years. The Kotak Floating Rate Fund comes under the Debt category of Kotak Mahindra Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Kotak Floating Rate Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹2,988Cr |
| 1Y Returns | 8.8% |
Fund Performance: The HDFC Floating Rate Debt Fund has given 8.24% annualized returns in the past three years and 6.82% in the last 5 years. The HDFC Floating Rate Debt Fund comes under the Debt category of HDFC Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in HDFC Floating Rate Debt Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹15,548Cr |
| 1Y Returns | 8.3% |
Fund Performance: The Franklin India Floating Rate Fund has given 8.68% annualized returns in the past three years and 6.91% in the last 5 years. The Franklin India Floating Rate Fund comes under the Debt category of Franklin Templeton Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Franklin India Floating Rate Fund via lump sum is ₹1,000 and via SIP is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹326Cr |
| 1Y Returns | 8.8% |
Fund Performance: The Nippon India Floater Fund has given 8.29% annualized returns in the past three years and 6.61% in the last 5 years. The Nippon India Floater Fund comes under the Debt category of Nippon India Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Nippon India Floater Fund via lump sum is ₹5,000 and via SIP is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹8,359Cr |
| 1Y Returns | 8.7% |
Fund Performance: The SBI Floating Rate Debt Fund has given 7.98% annualized returns in the past three years and 6.47% in the last 5 years. The SBI Floating Rate Debt Fund comes under the Debt category of SBI Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in SBI Floating Rate Debt Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹794Cr |
| 1Y Returns | 7.5% |
Fund Performance: The UTI Floater Fund has given 7.53% annualized returns in the past three years and 6.08% in the last 5 years. The UTI Floater Fund comes under the Debt category of UTI Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in UTI Floater Fund via lump sum is ₹500 and via SIP is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹1,504Cr |
| 1Y Returns | 7.7% |
Fund Performance: The DSP Floater Fund comes under the Debt category of DSP Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in DSP Floater Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹523Cr |
| 1Y Returns | 8.3% |
Fund Performance: The Bandhan Floater Fund comes under the Debt category of IDFC Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Bandhan Floater Fund via lump sum is ₹1,000 and via SIP is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹300Cr |
| 1Y Returns | 8.7% |
Fund Performance: The Tata Floating Rate Fund comes under the Debt category of Tata Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Tata Floating Rate Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹139Cr |
| 1Y Returns | 8.2% |
Fund Performance: The Axis Floater Fund comes under the Debt category of Axis Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Axis Floater Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹127Cr |
| 1Y Returns | 8.1% |
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