Tata Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum capital withdrawal

Debt
Direct
Floating Rate
Tata Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum capital withdrawal

About the Fund

Tata Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum capital withdrawal 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 Monthly Reinvestment of Income Distribution cum capital withdrawal has ₹205 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 Monthly Reinvestment of Income Distribution cum capital withdrawal has given a CAGR return of 6.07% since inception. Over the last 1 year the fund has given a CAGR return of 7.50%.

Holdings

Tata Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum capital withdrawal 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, 05.75 KA Sdl 2025, 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 Monthly Reinvestment of Income Distribution cum capital withdrawal

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 Monthly Reinvestment of Income Distribution cum capital withdrawal has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.3%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹205 Cr
Inception Date12 July, 2021
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
76.44%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
92.2%

AA
7.8%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
44.9%
Government
33.4%
Cash Equivalent
21.7%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
11.88%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
11.86%
0%
05.75 KA Sdl 2025
05.75 KA Sdl 2025
9.39%
0%
ICICI Home Finance Company Limited
ICICI Home Finance Company Limited
7.15%
0%
Hero Fincorp Limited
Hero Fincorp Limited
7.14%
0%

Akhil Mittal
Akhil Mittal
Fund Manager of Tata Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum capital withdrawal, since 12 July 2021

Tata Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum capital withdrawal 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 6.07% since inception which is more than its category average return of 5.15%
AUM size ₹205 Cr

AUM size ₹205 Cr

This fund has AUM of ₹205 Cr which is less than its category average of ₹ 4687 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 0.55%

Frequently Asked Questions

The current NAV of Tata Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum capital withdrawal is ₹11.9 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Tata Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
0.66%
0.66%
6 Month Returns
3.88%
3.88%
1 Year Returns
7.5%
7.5%
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 May 2024
₹205 Cr as on May 2024
Rural Electrification Corporation Limited(11.88%), National Bank For Agriculture And Rural Development(11.86%), 05.75 KA Sdl 2025(9.39%), ICICI Home Finance Company Limited(7.15%), Hero Fincorp Limited(7.14%) as on May 2024
Corporate(44.85%), Government(33.4%), Cash Equivalent(21.74%) as on May 2024
Yield to Maturity is 7.78 as on May 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 1.46 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
92.18
AA
7.82
Akhil Mittal is the fund manager of Tata Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum capital withdrawal
The Exit load of Tata Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum capital withdrawal is 0%