| Launch date | 12 Jul 2021 |
| Allotment date | 29 Jul 2021 |
| End date | 26 Jul 2021 |
| NAV | ₹1,000.00 |
Expense ratio, exit load and tax
Expense ratio: 0.19%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed as per your Income Tax slab.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹1,000 |
Fund management
Aditya PagariaJul 2021 - PresentView details
Hardik ShahJan 2022 - PresentView details
Fund house & investment objective
| Rank (total assets) | #7 in India |
|---|---|
| Total AUM | ₹3,62,655.43Cr |
| Date of Incorporation | 04 Sep 2009 |
|---|
Axis Floater Fund Direct Growth is a Debt Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Aditya Pagaria is the Current Fund Manager of Axis Floater Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,62,655 Cr and the Latest NAV as of 19 Dec 2025 is ₹1,352.68. The Axis Floater Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. ;
Investment Objective
The scheme seeks 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. ;
| Fund benchmark | NIFTY Medium to Long Duration Debt Index A-III |
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Fund house contact details
Peer Comparison
| Debt, Floater funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
Franklin India Floating Rate Fund Direct Growth | 3 | 8.8% | 8.6% | 316.84 |
ICICI Prudential Floating Interest Fund Direct Plan Growth | 4 | 8.4% | 8.5% | 7,339.85 |
Kotak Floating Rate Fund Direct Growth | 4 | 8.6% | 8.3% | 2,992.89 |
HDFC Floating Rate Debt Fund Direct Plan Growth | 4 | 8.1% | 8.2% | 15,772.63 |
Aditya Birla Sun Life Floating Rate Direct Fund Growth | 5 | 7.9% | 7.9% | 13,191.32 |