How to Invest in Tata Floating Rate Fund Direct Growth?

You can easily invest in Tata Floating Rate Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Tata Floating Rate Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Tata Floating Rate Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Tata Floating Rate Fund Direct Growth provide?

The Tata Floating Rate Fund Direct Growth has been there from 07 Jul 2021 and the average annual returns provided by this fund is 5.59% since its inception.

How much expense ratio is charged by Tata Floating Rate Fund Direct Growth?

The term Expense Ratio used for Tata Floating Rate Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Tata Floating Rate Fund Direct Growth is 0.30% as of 29 Mar 2023...

What is the AUM of Tata Floating Rate Fund Direct Growth?

The AUM, short for Assets Under Management of Tata Floating Rate Fund Direct Growth is ₹225.52Cr as of 29 Mar 2023.

How to Redeem Tata Floating Rate Fund Direct Growth?

If you want to sell your Tata Floating Rate Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Tata Floating Rate Fund Direct Growth?

You can select either SIP or Lumpsum investment of Tata Floating Rate Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Tata Floating Rate Fund Direct Growth?

The NAV of Tata Floating Rate Fund Direct Growth is ₹10.86 as of 28 Mar 2023.

What is the PE and PB ratio of Tata Floating Rate Fund Direct Growth?

The PE ratio ratio of Tata Floating Rate Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Tata Floating Rate Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

Tata Floating Rate Fund Direct Growth
Debt
Floater
Moderate Risk
1M
6M
1Y
All
 NAV: 28 Mar 2023₹10.86
Min. SIP amount₹150
Rating4
Fund size₹225.52Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Floater
Absolute returns
3M6M1YAll
Fund returns1.4%3.0%4.9%6.8%
Category averageNANA4.8%NA
Rank with in category2123NA
Understand terms
Holdings (10)NameSectorInstrumentAssets
Varanasi Sangam Expressway Pvt. Ltd.ConstructionNCD14.0%
REC Ltd.FinancialNCD11.0%
Karnataka State
OthersSDL10.7%
Madhya Pradesh State
OthersSDL9.0%
Shriram Finance LtdFinancialNCD8.9%
Power Finance Corporation Ltd.FinancialFRD8.8%
Hero FinCorp Ltd.
FinancialNCD6.7%
ICICI Home Finance Company Ltd.FinancialDebenture6.7%
Yarrow Infrastructure Ltd.ConstructionNCD6.0%
Andhra Pradesh State
FinancialSDL4.5%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
28 Feb 2023 - Present
0.30%
31 Jan 2023 - 28 Feb 2023
0.30%
31 Dec 2022 - 31 Jan 2023
0.30%
31 Dec 2022 - 31 Dec 2022
0.30%
30 Nov 2022 - 31 Dec 2022
0.30%
30 Nov 2022 - 30 Nov 2022
0.30%
30 Nov 2022 - 30 Nov 2022
0.30%
31 Oct 2022 - 30 Nov 2022
0.30%
31 Oct 2022 - 31 Oct 2022
0.30%
31 Oct 2022 - 31 Oct 2022
0.30%
31 Oct 2022 - 31 Oct 2022
0.30%
31 Oct 2022 - 31 Oct 2022
0.30%
30 Sep 2022 - 31 Oct 2022
0.30%
30 Sep 2022 - 30 Sep 2022
0.30%
30 Sep 2022 - 30 Sep 2022
0.30%
31 Aug 2022 - 30 Sep 2022
0.30%
31 Aug 2022 - 31 Aug 2022
0.30%
31 Jul 2022 - 31 Aug 2022
0.30%
31 Jul 2022 - 31 Jul 2022
0.30%
30 Jun 2022 - 31 Jul 2022
0.30%
30 Jun 2022 - 30 Jun 2022
0.30%
31 May 2022 - 30 Jun 2022
0.30%
31 May 2022 - 31 May 2022
0.30%
30 Apr 2022 - 31 May 2022
0.30%
30 Apr 2022 - 30 Apr 2022
0.30%
31 Mar 2022 - 30 Apr 2022
0.27%
31 Mar 2022 - 31 Mar 2022
0.27%
28 Feb 2022 - 31 Mar 2022
0.27%
28 Feb 2022 - 28 Feb 2022
0.27%
31 Jan 2022 - 28 Feb 2022
0.27%
31 Dec 2021 - 31 Jan 2022
0.27%
30 Nov 2021 - 31 Dec 2021
0.27%
31 Oct 2021 - 30 Nov 2021
0.27%
30 Sep 2021 - 31 Oct 2021
0.27%
31 Aug 2021 - 30 Sep 2021
0.27%
31 Jul 2021 - 31 Aug 2021
0.27%
Expense ratio, exit load and taxExpense ratio: 0.30%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹150
Fund managementAkhil Mittal
Jun 2021 - Present
View details
Education
Mr. Mittal is B.Com (H) and MBA from University Business School.
Experience
Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis India Ltd.
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Fund house & investment objective
Tata Mutual Fund
Rank (total assets)#14 in India
Total AUM₹86,582.73Cr
Date of Incorporation30 Jun 1995
 Tata Floating Rate Fund Direct Growth is a Debt Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Akhil Mittal is the Current Fund Manager of Tata Floating Rate Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹86,583 Cr and the Latest NAV as of 28 Mar 2023 is ₹10.86.
The Tata Floating Rate Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to ₹150. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe scheme seeks to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.
;
Fund benchmarkCRISIL Short-Term Bond Index
Scheme Information Document(SID)
Fund house contact details
Address
9th Floor, Mafatlal Centre,Nariman Point, Mumbai 400021
Phone
1800-209-0101
Launch Date
30 Jun 1995
E-mail
[email protected]
Website
NA
Tata Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
Tata Floating Rate Fund Direct Growth
VS
Add mutual fund to compare

	3M	6M	1Y	All
Fund returns	1.4%	3.0%	4.9%	6.8%
Category average	NA	NA	4.8%	NA
Rank with in category	2	12	3	NA

Name	Sector	Instrument	Assets
Varanasi Sangam Expressway Pvt. Ltd.	Construction	NCD	14.0%
REC Ltd.	Financial	NCD	11.0%
Karnataka State	Others	SDL	10.7%
Madhya Pradesh State	Others	SDL	9.0%
Shriram Finance Ltd	Financial	NCD	8.9%
Power Finance Corporation Ltd.	Financial	FRD	8.8%
Hero FinCorp Ltd.	Financial	NCD	6.7%
ICICI Home Finance Company Ltd.	Financial	Debenture	6.7%
Yarrow Infrastructure Ltd.	Construction	NCD	6.0%
Andhra Pradesh State	Financial	SDL	4.5%

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	4
Fund size	₹225.52Cr

Tata Floating Rate Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (10)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.30%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Akhil MittalJun 2021 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Akhil Mittal
Jun 2021 - Present
View details