Tata Floating Rate Fund Direct Growth

Tata Floating Rate Fund Direct Growth

Debt

Direct

Floating Rate

NAV as on 25-03-2025

₹ 12.66

0.1%

1D

Inception Returns

6.6%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
67 people have invested ₹ 1.9L in Tata Floating Rate Fund Direct Growth in the last three months

About Tata Floating Rate Fund Direct Growth

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 ₹124 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.

Returns

Tata Floating Rate Fund Direct Growth has given a CAGR return of 6.55% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.48% and 7.19% respectively.

Holdings

Tata Floating Rate Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are National Housing Bank, Rural Electrification Corporation Limited, Reliance Industries Limited, Cholamandalam Investment & Finance Co. Ltd., 7.09% Govt Stock 2054

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 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.

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.

Tata Floating Rate Fund Direct Growth Overview

Expense ratio0.33%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹124 Cr
Inception Date12 July, 2021
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
54.07%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (25-Mar-25)

Period
Tata Floating Rate Fund Direct Growth
Floating Rate Index
1M
1%
0.5%
3M
2%
1.6%
6M
4%
3.2%
1Y
8.5%
7.9%
3Y
7.2%
6.9%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.4%

AAA
92.5%

AA
7.5%

Sector Allocation

Feb'25

Jan'25

Dec'24

Corporate
57.2%
Government
39.7%
Cash Equivalent
3.1%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 141 Cr
₹ 161.4 Cr
₹ 167.8 Cr
  • AUM of the fund stands at 141 Cr as of Feb'25
  • AUM decreased by 20.4 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Reliance Industries Limited's allocation increased from 5.26% to 6.27%
Reliance Industries Limited's allocation increased from 5.26% to 6.27%
Cholamandalam Investment & Finance Co. Ltd.'s allocation increased from 5.99% to 6.03%
Cholamandalam Investment & Finance Co. Ltd.'s allocation increased from 5.99% to 6.03%
National Housing Bank's allocation increased from 8.96% to 8.99%
National Housing Bank's allocation increased from 8.96% to 8.99%
Top Stocks sold last month
Indinfravit Trust's allocation decreased from 5.75 % to 5.73 %
Indinfravit Trust's allocation decreased from 5.75 % to 5.73 %
Cash allocation has gone down from 5.8% to 3.1%
Cash allocation has gone down from 5.8% to 3.1%
Debt allocation has gone up from 93.7% to 96.4%
Debt allocation has gone up from 93.7% to 96.4%

Top 2 Sectors in February were Corporate, Government

Feb'25
Corporate
57%
Government
40%
Jan'25
Corporate
59%
Government
35%
  • Debt & Cash

Holdings
Weight%
1M Change
National Housing Bank
National Housing Bank
12.16%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
12.07%
0%
Reliance Industries Limited
Reliance Industries Limited
8.46%
0%
Cholamandalam Investment & Finance Co. Ltd.
Cholamandalam Investment & Finance Co. Ltd.
8.16%
0%
7.09% Govt Stock 2054
7.09% Govt Stock 2054
8.13%
0%
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Akhil Mittal
Akhil Mittal
Fund Manager of Tata Floating Rate Fund Direct Growth, since 12 July 2021
Fund House
Tata Asset Management Limited
Total Schemes
Total AUM
₹1.93L Cr
as on 31-Jan-2025
Address
Tata Asset Management Private Limited,Mafatlal Centre, 9th Floor,,Nariman Point,,India
Phone
+912266578282
Website
kiran@tataamc.com

Tata Floating Rate Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 6.55% since inception which is more than its category average return of 6.12%
AUM size ₹124 Cr

AUM size ₹124 Cr

This fund has AUM of ₹124 Cr which is less than its category average of ₹ 4225 Cr
Expense Ratio 0.33%

Expense Ratio 0.33%

This fund has an expense ratio of 0.33% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions for Tata Floating Rate Fund Direct Growth

The current NAV of Tata Floating Rate Fund Direct Growth is ₹12.66 as on 25-Mar-2025.
Existing (Absolute + CAGR) as on 25-Mar-2025.
Tata Floating Rate Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.98%
0.98%
6 Month Returns
4.01%
4.01%
1 Year Returns
8.48%
8.48%
3 Years Returns
23.16%
7.19%
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.
0.33% as on February 2025
₹124 Cr as on February 2025
National Housing Bank(12.16%), Rural Electrification Corporation Limited(12.07%), Reliance Industries Limited(8.46%), Cholamandalam Investment & Finance Co. Ltd.(8.16%), 7.09% Govt Stock 2054(8.13%) as on February 2025
Corporate(65.07%), Government(32.38%), Cash Equivalent(2.55%) as on February 2025
Yield to Maturity is 7.61 as on February 2025. 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 3.64 as on February 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
92.54
AA
7.46
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%