Tata Floating Rate Fund Direct Growth

Tata Floating Rate Fund Direct Growth

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Debt
Direct
Floating Rate
NAV: ₹ 11.84 as on 27-05-2024

About the Fund

Tata Floating Rate Fund Direct Growth is a debt fund. This fund was started on 12 July, 2021. The fund is managed by Akhil Mittal. This fund is suitable to keep your money safe.

Key Parameters

  1. Tata Floating Rate Fund Direct Growth has ₹215 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.
Fund Performance
zero opening, trading, fund transfer fee
61 people have invested ₹ 88.3K in Tata Floating Rate Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.3%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹215 Cr
Inception Date
Inception Date
12 July, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
76.44%

Tata Floating Rate Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
92.9%
AA
7.1%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
51.9%
Government
31.7%
Cash Equivalent
16.4%

Top Holdings of Tata Floating Rate Fund Direct Growth as on (30-Apr-24)

  • Debt & Cash

Debt Holdings13
Holdings
Weight%
1M Change
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
11.58%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
11.56%
0%
05.75 KA Sdl 2025
05.75 KA Sdl 2025
9.15%
0%
ICICI Home Finance Company Limited
ICICI Home Finance Company Limited
6.97%
0%
Hero Fincorp Limited
Hero Fincorp Limited
6.96%
0%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 219.9 Cr
₹ 219.7 Cr
₹ 235.9 Cr
  • AUM of the fund stands at 219.9 Cr as of Apr'24
  • AUM increased by 0.2 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Akhil Mittal
Akhil Mittal
Fund Manager of Tata Floating Rate Fund Direct Growth, since 12 July 2021

Tata Floating Rate Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.02% since inception which is more than its category average return of 5.1%
AUM size ₹215 Cr

AUM size ₹215 Cr

This fund has AUM of ₹215 Cr which is less than its category average of ₹ 4697 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.56%

Frequently Asked Questions

The current NAV of Tata Floating Rate Fund Direct Growth is ₹11.84 as on 27-May-2024.
Existing (Absolute + CAGR) as on 27-May-2024.
Tata Floating Rate Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.72%
0.72%
6 Month Returns
3.81%
3.81%
1 Year Returns
7.4%
7.4%
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.
0.3% as on April 2024
₹215 Cr as on April 2024
Rural Electrification Corporation Limited(11.58%), National Bank For Agriculture And Rural Development(11.56%), 05.75 KA Sdl 2025(9.15%), ICICI Home Finance Company Limited(6.97%), Hero Fincorp Limited(6.96%) as on April 2024
Corporate(43.69%), Government(32.52%), Cash Equivalent(23.79%) as on April 2024
Yield to Maturity is 7.84 as on April 2024. 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 1.44 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
92.91
AA
7.09
Akhil Mittal is the fund manager of Tata Floating Rate Fund Direct Growth
The Exit load of Tata Floating Rate Fund Direct Growth is 0%