Tata Floating Rate Fund Direct Growth
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
- Tata Floating Rate Fund Direct Growth has ₹222 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Tata Floating Rate Fund Direct Growth has given a CAGR return of 6.13% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.51% and 6.17% respectively.
Holdings
Tata Floating Rate Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are Rural Electrification Corporation Limited, National Bank For Agriculture And Rural Development, National Housing Bank, ICICI Home Finance Company Limited, Hero Fincorp Limited
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:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Tata Floating Rate Fund Direct Growth
The objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn‘t assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Tata Floating Rate Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 0.3% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹222 Cr |
| Inception Date | 12 July, 2021 |
| Min Lumpsum/SIP | ₹5000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 76.44% |
| Risk |   Low to Moderate Risk |
Fund Distributionas on (31-Dec-69)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Rural Electrification Corporation Limited | 11.28% | 0% | |
National Bank For Agriculture And Rural Development | 9.02% | 0% | |
National Housing Bank | 6.8% | 0% | |
ICICI Home Finance Company Limited | 6.79% | 0% | |
Hero Fincorp Limited | 6.79% | 0% |
Tata Floating Rate Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹222 Cr
Expense Ratio 0.3%
Frequently Asked Questions
Tata Floating Rate Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.64% | 0.64% |
6 Month Returns | 3.9% | 3.9% |
1 Year Returns | 7.51% | 7.51% |
3 Years Returns | 19.67% | 6.17% |
5 Years Returns | 0% | 0% |
- 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 | 92.18 |
AA | 7.82 |