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Floating Rate Mutual Funds

Floating rate funds are debt funds. They invest in bonds and debt instruments whose interest payments alter with an underlying interest rate level.

  • ⏱ Horizon: Medium
  • 🔢 Total funds: 12
  • 💰 Total AUM: 52,790 Cr

Best performing Floating Rate Mutual Funds

NameAUM (Cr)Exp Ratio (%)1Y Return3Y CAGR5Y CAGR
ICICI Pru Floating Interest Fund7,195.720.307.49%8.28%7.17%
Franklin India Floating Rate Fund313.920.257.82%8.45%7.06%
Kotak Floating Rate Fund3,455.990.267.35%8.06%6.95%
HDFC Floating Rate Debt Fund16,766.060.276.94%7.91%6.82%
Aditya Birla SL Floating Rate Fund13,461.920.246.86%7.66%6.67%
DSP Floater Fund406.850.255.88%8.03%6.61%
SBI Floating Rate Debt Fund693.290.256.81%7.82%6.58%
Nippon India Floater Fund8,380.800.356.61%7.77%6.57%
Bandhan Floater Fund272.370.126.71%7.71%6.46%
UTI Floater Fund1,553.680.426.60%7.26%6.20%

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Overview of Floating Rate Mutual Funds

ICICI Pru Floating Interest Fund
  • AUM
    ₹ 7,195.72 Cr.
  • Expense Ratio
    0.3%
  • 5Y CAGR
    7.17%
Performance
The fund's annualised performance has been 8.23% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.76% vs its category average of 1.07%.
Composition
Corporate Debt makes up for the majority of the fund at 57.11% along with the largest allocation towards G-Sec at 27.4%.
Franklin India Floating Rate Fund
  • AUM
    ₹ 313.92 Cr.
  • Expense Ratio
    0.25%
  • 5Y CAGR
    7.06%
Performance
The fund's annualised performance has been 7.12% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 1.04% vs its category average of 1.07%.
Composition
Government Securities makes up for the majority of the fund at 59.59% along with the largest allocation towards G-Sec at 59.59%.
Kotak Floating Rate Fund
  • AUM
    ₹ 3,455.99 Cr.
  • Expense Ratio
    0.26%
  • 5Y CAGR
    6.95%
Performance
The fund's annualised performance has been 7.25% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.82% vs its category average of 1.07%.
Composition
Corporate Debt makes up for the majority of the fund at 67.7% along with the largest allocation towards Others at 14.08%.
HDFC Floating Rate Debt Fund
  • AUM
    ₹ 16,766.06 Cr.
  • Expense Ratio
    0.27%
  • 5Y CAGR
    6.82%
Performance
The fund's annualised performance has been 7.82% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.76% vs its category average of 1.07%.
Composition
Corporate Debt makes up for the majority of the fund at 60.17% along with the largest allocation towards G-Sec at 26.44%.
Aditya Birla SL Floating Rate Fund
  • AUM
    ₹ 13,461.92 Cr.
  • Expense Ratio
    0.24%
  • 5Y CAGR
    6.67%
Performance
The fund's annualised performance has been 7.9% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.64% vs its category average of 1.07%.
Composition
Corporate Debt makes up for the majority of the fund at 54.77% along with the largest allocation towards Public Banks at 30.74%.
DSP Floater Fund
  • AUM
    ₹ 406.85 Cr.
  • Expense Ratio
    0.25%
  • 5Y CAGR
    6.61%
Performance
The fund's annualised performance has been 6.67% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 1.17% vs its category average of 1.07%.
Composition
Corporate Debt makes up for the majority of the fund at 38.01% along with the largest allocation towards G-Sec at 30.15%.
SBI Floating Rate Debt Fund
  • AUM
    ₹ 693.29 Cr.
  • Expense Ratio
    0.25%
  • 5Y CAGR
    6.58%
Performance
The fund's annualised performance has been 6.44% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 1.12% vs its category average of 1.07%.
Composition
Government Securities makes up for the majority of the fund at 86.31% along with the largest allocation towards G-Sec at 86.31%.
Nippon India Floater Fund
  • AUM
    ₹ 8,380.80 Cr.
  • Expense Ratio
    0.35%
  • 5Y CAGR
    6.57%
Performance
The fund's annualised performance has been 7.87% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 1.01% vs its category average of 1.07%.
Composition
Corporate Debt makes up for the majority of the fund at 57.92% along with the largest allocation towards Public Banks at 22.83%.
Bandhan Floater Fund
  • AUM
    ₹ 272.37 Cr.
  • Expense Ratio
    0.12%
  • 5Y CAGR
    6.46%
Performance
The fund's annualised performance has been 6.39% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 1.09% vs its category average of 1.07%.
Composition
Corporate Debt makes up for the majority of the fund at 75.58% along with the largest allocation towards Specialized Finance at 16.6%.
UTI Floater Fund
  • AUM
    ₹ 1,553.68 Cr.
  • Expense Ratio
    0.42%
  • 5Y CAGR
    6.2%
Performance
The fund's annualised performance has been 6.84% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.74% vs its category average of 1.07%.
Composition
Corporate Debt makes up for the majority of the fund at 72.57% along with the largest allocation towards Public Banks at 17.79%.
This compilation has been made as and by way of an update from the publicly available sources of information.This compilation is provided for information purposes only and is not intended to be relied upon by any party as the basis of any decision.

While every effort has been made to take due care in publishing this compilation and to avoid errors or omissions, this compilation is published with a condition and understanding that the Anchorage Technologies Private Limited (ATPL) shall not be responsible for any damages, compensation or loss or action taken or abstained to be taken on the basis of this article/commentary to any person whomsoever.

Investing in Mutual Funds,Stocks/ETFs (Exchange Traded Funds) and securities are subject to market risk. Please read all the related documents carefully before investing. Investors should consider all risk factors and consult their financial advisor before investing. Representations are not indicative of future results.