Axis Floater Fund Direct Growth
NAV as on 29-04-2025
₹ 1321.31
1D
Inception Returns
7.6%
/yr
Historical NAV & Returns
About 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 Hardik Shah, Aditya Pagaria. This fund is suitable to keep your money safe.
Key Parameters
- Axis Floater Fund Direct Growth has ₹171 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Axis Floater Fund Direct Growth has given a CAGR return of 7.62% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 12.38% and 8.51% respectively.
Holdings
Axis Floater Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.34% Govt Stock 2064, 7.1% Govt Stock 2034, 7.3% Govt Stock 2053, 7.18% Govt Stock 2033, 6.79% Govt Stock 2034
Taxation
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.
Investment objective of Axis Floater Fund Direct Growth
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 and lockin period
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.
Axis Floater Fund Direct Growth Overview
| Expense ratio | 0.19% |
Benchmark | NIFTY Long Duration Debt Index TR INR |
| AUM | ₹171 Cr |
| Inception Date | 29 July, 2021 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 664.95% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (29-Apr-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 166.2 Cr as of Mar'25
- AUM increased by 0.3 Cr between Mar'25 and Feb'25
Top 2 Sectors in March were Government, Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.34% Govt Stock 2064 | 30.57% | 25.4% | |
7.1% Govt Stock 2034 | 24.38% | 60% | |
7.3% Govt Stock 2053 | 9.24% | 0% | |
7.18% Govt Stock 2033 | 6.11% | 0% | |
6.79% Govt Stock 2034 | 5.99% | 100% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Axis Floater Fund Direct Growth | 12.38% | 8.51% | - | 7.62% |
 DSP Floater Fund Direct Growth | 10.64% | 8.19% | - | 7.16% |
 Franklin India Floating Rate Direct Growth | 10.32% | 8.32% | 6.98% | 7.18% |
 Nippon India Floating Rate Fund Direct Plan Growth Plan | 9.69% | 7.61% | 7.18% | 8.05% |
Axis Floater Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹171 Cr
Expense Ratio 0.19%
More funds from Axis
1Y CAGR
▲ 13.22
5Y CAGR
▲ 7.06
5Y CAGR
▲ 7.17
Frequently Asked Questions for Axis Floater Fund Direct Growth
Axis Floater Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.75% | 1.75% |
6 Month Returns | 6.08% | 6.08% |
1 Year Returns | 12.38% | 12.38% |
3 Years Returns | 27.76% | 8.51% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |