Axis Floater Fund Direct Growth
Debt
Direct
Floating Rate
NAV: ₹ 1123.2 as on 29-09-2023
Fund Performance
35 people have invested ₹ 1.3L in Axis Floater Fund Direct Growth in the last three months
Fund Insights
In the last 1 year, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 8.54% return, outperforming this fund by 1.02%.
This fund has one of the lowest expense ratio in the category (floating rate). Its expense ratio is 0.18% which is lower than the category average expense ratio of 0.63%.
About the Fund
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 ₹329 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.
Axis Floater Fund Direct Growth Overview
 | 0.18% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹329 Cr |
 | 29 July, 2021 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 412.88% |
Fund Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Government
48.4%
Corporate
35%
Cash Equivalent
14.9%
Securitize
1.8%
Top Holdings of Axis Floater Fund Direct Growth as on (31-Aug-23)
Debt Holdings15
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 8.51% Govt Stock 2033 | 12.43% | 0% | |
7.26% Govt Stock 2033 | 12.23% | 0% | |
7.06% Govt Stock 2028 | 12.12% | 0% | |
7.879999999999999% Govt Stock 2028 | 10.65% | 0% | |
Small Industries Development Bank Of India | 7.59% | 0% |
See all
Axis Floater Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 309.9 Cr as of Aug'23
- AUM decreased by 7.2 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Peer Analysis
Axis Floater Fund Direct Growth Fund Manager
Hardik Shah
Fund Manager of Axis Floater Fund Direct Growth, since 31 January 2022
Top funds managed
Aditya Pagaria
Fund Manager of Axis Floater Fund Direct Growth, since 29 July 2021
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 5.51% since inception which is more than its category average return of 4.93%
AUM size ₹329 Cr
This fund has AUM of ₹329 Cr which is less than its category average of ₹ 5473 Cr
Expense Ratio 0.18%
This fund has an expense ratio of 0.18% which is less than its category average expense ratio of 0.56%
Frequently Asked Questions
The current NAV of Axis Floater Fund Direct Growth is ₹1123.25 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Axis Floater Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.41% | 0.41% |
6 Month Returns | 3.56% | 3.56% |
1 Year Returns | 7.52% | 7.52% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.18% as on August 2023
₹329 Cr as on August 2023
8.51% Govt Stock 2033(12.43%), 7.26% Govt Stock 2033(12.23%), 7.06% Govt Stock 2028(12.12%), 7.879999999999999% Govt Stock 2028(10.65%), Small Industries Development Bank Of India(7.59%) as on August 2023
Government(65.6%), Corporate(28.68%), Cash Equivalent(4.06%) as on August 2023
Yield to Maturity is 7.52 as on August 2023. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 2.66 as on August 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Hardik Shah, Aditya Pagaria are the fund managers of Axis Floater Fund Direct Growth
The Exit load of Axis Floater Fund Direct Growth is 0%