Floater Mutual Funds
Floater Mutual Funds List
Fund Name | Fund Size(Cr.) | 3Y | 5Y | |
---|---|---|---|---|
AXIS Floater Fund - Direct Growth
|
233 | 7.22% | - | |
ICICI Pru Floating Interest Fund-Direct Growth
|
8,822 | 7.11% | 7.41% | |
Franklin India Floating Rate Fund - Direct Growth
|
307 | 7.06% | 6.54% | |
HDFC Floating Rate Debt Fund - Direct Growth
|
14,839 | 6.88% | 6.99% | |
Aditya Birla SL Floating Rate Fund-Direct Growth
|
12,681 | 6.78% | 6.66% | |
SBI Floating Rate Debt Fund - Direct Growth
|
1,153 | 6.72% | - | |
Tata Floating Rate Fund-Direct Growth
|
184 | 6.66% | - | |
DSP Floater Fund - Direct Growth
|
814 | 6.57% | - | |
Kotak Floating Rate Fund - Direct Growth
|
3,690 | 6.56% | 7.21% | |
Nippon India Floating Rate Fund - Direct Growth
|
7,803 | 6.53% | 7.16% |
Fund Name | 1Y | Rating | Fund Size |
---|---|---|---|
AXIS Floater Fund - Direct Growth
|
10.56% Fund Size - 233 |
||
ICICI Pru Floating Interest Fund-Direct Growth
|
8.94% Fund Size - 8,822 |
||
Franklin India Floating Rate Fund - Direct Growth
|
9.16% Fund Size - 307 |
||
HDFC Floating Rate Debt Fund - Direct Growth
|
8.67% Fund Size - 14,839 |
||
Aditya Birla SL Floating Rate Fund-Direct Growth
|
8.24% Fund Size - 12,681 |
||
SBI Floating Rate Debt Fund - Direct Growth
|
8.65% Fund Size - 1,153 |
||
Tata Floating Rate Fund-Direct Growth
|
8.23% Fund Size - 184 |
||
DSP Floater Fund - Direct Growth
|
9.74% Fund Size - 814 |
||
Kotak Floating Rate Fund - Direct Growth
|
8.78% Fund Size - 3,690 |
||
Nippon India Floating Rate Fund - Direct Growth
|
8.60% Fund Size - 7,803 |
Load more Who Should Invest in Floater Mutual Funds?
Features of Floater Mutual Funds
Factors to consider while investing in Floater Funds
Taxability of Floater Funds
Risks Involved With Floater Funds
Advantages of Floater Mutual Funds
Popular Floater Mutual Funds
- AXIS Floater Fund - Direct Growth
- ₹ 100
- ₹ 2330
- 7.22%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 233
- 3Y Return
- 7.22%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 233
- 3Y Return
- 7.22%
- ICICI Pru Floating Interest Fund-Direct Growth
- ₹ 100
- ₹ 8,8220
- 7.11%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 8,822
- 3Y Return
- 7.11%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 8,822
- 3Y Return
- 7.11%
- Franklin India Floating Rate Fund - Direct Growth
- ₹ 500
- ₹ 3070
- 7.06%
- Min SIP Investment Amt
- ₹ ₹ 500
- AUM (Cr.)
- ₹ 307
- 3Y Return
- 7.06%
- Min SIP Investment Amt
- ₹ ₹ 500
- AUM (Cr.)
- ₹ 307
- 3Y Return
- 7.06%
- HDFC Floating Rate Debt Fund - Direct Growth
- ₹ 100
- ₹ 14,8390
- 6.88%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 14,839
- 3Y Return
- 6.88%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 14,839
- 3Y Return
- 6.88%
- Aditya Birla SL Floating Rate Fund-Direct Growth
- ₹ 1000
- ₹ 12,6810
- 6.78%
- Min SIP Investment Amt
- ₹ ₹ 1000
- AUM (Cr.)
- ₹ 12,681
- 3Y Return
- 6.78%
- Min SIP Investment Amt
- ₹ ₹ 1000
- AUM (Cr.)
- ₹ 12,681
- 3Y Return
- 6.78%
- SBI Floating Rate Debt Fund - Direct Growth
- ₹ 500
- ₹ 1,1530
- 6.72%
- Min SIP Investment Amt
- ₹ ₹ 500
- AUM (Cr.)
- ₹ 1,153
- 3Y Return
- 6.72%
- Min SIP Investment Amt
- ₹ ₹ 500
- AUM (Cr.)
- ₹ 1,153
- 3Y Return
- 6.72%
- Tata Floating Rate Fund-Direct Growth
- ₹ 150
- ₹ 1840
- 6.66%
- Min SIP Investment Amt
- ₹ ₹ 150
- AUM (Cr.)
- ₹ 184
- 3Y Return
- 6.66%
- Min SIP Investment Amt
- ₹ ₹ 150
- AUM (Cr.)
- ₹ 184
- 3Y Return
- 6.66%
- DSP Floater Fund - Direct Growth
- ₹ 100
- ₹ 8140
- 6.57%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 814
- 3Y Return
- 6.57%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 814
- 3Y Return
- 6.57%
- Kotak Floating Rate Fund - Direct Growth
- ₹ 100
- ₹ 3,6900
- 6.56%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 3,690
- 3Y Return
- 6.56%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 3,690
- 3Y Return
- 6.56%
- Nippon India Floating Rate Fund - Direct Growth
- ₹ 100
- ₹ 7,8030
- 6.53%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 7,803
- 3Y Return
- 6.53%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 7,803
- 3Y Return
- 6.53%
FAQs
Since floater or floating-rate funds invest 65% of their AUM (Asset Under Management) in floating-rate bonds, they are relatively more stable than pure equity funds. These funds deliver inflated returns when the RBI (Reserve Bank of India) increases the REPO (Repurchasing Option) rate. So, any conservative investor looking for steady capital growth can invest in floater funds.
Floater funds are taxed like any debt fund. For instance, you must pay an LTCG (Long Term Capital Gains) tax of 20% with indexation if you sell your units after three years from the investment date. However, if you sell your units before three years, it will be treated as STCG (Short Term Capital Gains), and the income will get added to your taxable income.
Exit load refers to the amount an investor pays for withdrawing money before a specific period. Floater mutual funds do not have any entry or exit load, so that you can enter or exit as often and whenever you want.
The expense ratio reduces the adequate profit of a mutual fund. Fortunately, floater funds’ expense ratios are some of the lowest among funds. Generally, direct growth floater funds’ expense ratio hovers between 0.22% and 0.60%.
A quick look at the best floater mutual funds reveals that these funds generally deliver annualised returns between 6% and 8.50%. However, checking a floater fund’s historical returns is good before investing.
UTI Floater Fund, HDFC Floating Rate Debt Fund, Aditya Birla Sun Life Floating Rate Fund, Franklin India Floating Rate Fund, and ICICI Prudential Floating Interest Fund are some of the top floater mutual funds in India.
- Aggressive Hybrid
- Arbitrage
- Balanced Hybrid
- Banking and PSU
- Childrens
- Conservative Hybrid
- Contra
- Corporate Bond
- Credit Risk
- Dividend Yield
- Dynamic Asset
- Dynamic Bond
- ELSS
- Equity Savings
- Fixed Maturity Plans
- Flexi Cap
- Floater
- Focused
- FoFs Domestic
- FoFs Overseas
- Gilt Fund with 10 year
- Gilt
- Index
- Large & Mid Cap
- Large Cap
- Liquid
- Long Duration
- Low Duration
- Medium Duration
- Medium to Long Duration
- Mid Cap
- Money Market
- Multi Asset Allocation
- Multi Cap
- Overnight
- Passive ELSS
- Retirement
- Sectoral / Thematic
- Short Duration
- Small Cap
- Ultra Short Duration
- Value