Axis Floater Fund Direct Growth

Axis Floater Fund Direct Growth is a debt fund. This fund was started on 29 July, 2021. The fund is managed by Aditya Pagaria, Hardik Shah. This fund is suitable to keep your money safe.

1. Axis Floater Fund Direct Growth has ₹161 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.2.
   

Axis Floater Fund Direct Growth has given a CAGR return of 7.42% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 10.10% and 8.68% respectively.

Axis Floater Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.3% Govt Stock 2053, 7.34% Govt Stock 2064, Rural Electrification Corporation Limited, 7.18% Govt Stock 2033, Export Import Bank Of India

As it is a floating rate mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

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. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Axis Floater Fund Direct Growth has no lock in period.