Axis Floater Fund Direct-Growth

Q: What are the returns of Axis Floater Fund?

The Axis Floater Fund is a 3 yrs 9 m old fund and has delivered average annual returns of 7.74% since inception. Axis Floater Fund Returns 1-Year 3-Year Since Inception 12.77% 8.66% 7.74%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹1321.5989+0.05% 1 day change	7.74% p.a.	#NA View Ranked Funds	1

Historical NAV & returns

NAV: ₹1321.5989 as on Apr 23, 2025

This fund Category average

Axis Floater Fund overview

VRO rating	1
Expense ratio	0.19% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹166 Crs
Lock-in	No Lockin
Age	3 yrs 9 m since Jul 12, 2021
Benchmark	NIFTY Long Duration Debt Index A-III
Min. investment	SIP ₹1000 & Lump. ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Axis Floater Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 08, 2025

Period	This fund	Category average
1 month	2.73%	1.73%
3 months	4.5%	3.11%
6 months	6.17%	4.89%
1 year	12.77%	9.73%
3 years	8.66%	7.81%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

SOV 79.83098925%

AAA 12.17274802%

Cash & Call Money 7.2482892%

Others 0.76361246%

Top Debt Holdings

GOI 64.8%

West Bengal State 8.91%

Maharashtra State 6.13%

Pipeline Infrastructure (India) Pvt. Ltd. 6.09%

Allocation by Instruments

GOI Securities 64.79671717%

State Development Loan 15.03427208%

Net Receivables 6.20460005%

Debenture 6.08956618%

Other Holdings

Others 0.76%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Axis Floater Fund	N.A.	₹166 Crs	3 yrs 9 m	0.19%
Franklin India Floating Rate Fund	N.A.	₹314 Crs	12 yrs 3 m	0.28%
UTI Floater Fund	N.A.	₹1,385 Crs	6 yrs 6 m	0.45%
HDFC Floating Rate Debt Fund	N.A.	₹14,724 Crs	12 yrs 3 m	0.26%
Aditya Birla Sun Life Floating Rate Fund	N.A.	₹13,275 Crs	12 yrs 3 m	0.22%
ICICI Prudential Floating Interest Fund	N.A.	₹6,964 Crs	12 yrs 3 m	0.55%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Floater Fund	2.73%	6.17%	12.77%	8.66%	N.A.	N.A.
Franklin India Floating Rate Fund	2.19%	5.39%	10.24%	8.3%	7.01%	7.05%
UTI Floater Fund	1.29%	4.25%	8.11%	7.08%	6.34%	4.45%
HDFC Floating Rate Debt Fund	1.49%	4.63%	9.21%	7.83%	7.22%	7.64%
Aditya Birla Sun Life Floating Rate Fund	1.3%	4.37%	8.62%	7.5%	6.86%	7.63%
ICICI Prudential Floating Interest Fund	1.39%	4.44%	9.03%	8.21%	7.64%	8.03%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Floater Fund	1.95	2.67	0.81	1.5
Franklin India Floating Rate Fund	0.74	1.42	1.84	2.15
UTI Floater Fund	0.56	1.19	0.8	0.91
HDFC Floating Rate Debt Fund	0.76	1.3	1.42	1.35
Aditya Birla Sun Life Floating Rate Fund	0.59	1.22	1.47	1.55
ICICI Prudential Floating Interest Fund	1.12	1.08	1.3	1.6

View all Floater funds

Key risk & return ratios Compared to other funds in the category

Alpha	7.13 vs. 4.1 Higher outperformance against benchmark
Sharpe	0.81 vs. 4.82 Poor risk-adjusted returns
Beta	2.67 vs. 1.4 More sensitive to market's ups & downs
Standard deviation	1.95 vs. 0.93 More volatile performance

Compare Axis Floater Fund in detail with

About this fund

About Axis Floater Fund

Axis Floater Fund Direct-Growth is a Floater mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 3 yrs 9 m, having been launched on 12/07/2021. Axis Floater Fund Direct-Growth has ₹166 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis Floater Fund Direct-Growth as of 23/04/2025 is ₹1321.60. The fund has an expense ratio of 0.19%, which is close to what most other Floater funds charge.

Axis Floater Fund Direct-Growth returns of last 1-year are 12.71%. Since launch, it has delivered 7.75% average annual returns.
Axis Floater Fund Direct-Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to similar borrowers and hence the risk of default in this fund is same as the category.
The fund's top holdings are in GOI, West Bengal State, Maharashtra State, Pipeline Infrastructure (India) Pvt. Ltd., LIC Housing Finance Ltd..

...

Fund AUM	₹166 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Aditya Pagaria

Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College. Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.

Hardik Shah

Mr. Shah has done B.E. Information Technology and MBA Finance. Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.

Investment objective

The scheme seeks to generate regular income through investment in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt and money market instruments.

Axis Mutual Fund details

No. of schemes	68 view all schemes
Total AUM	₹3,22,861 Crs as on Mar 31, 2025
Address	23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai, 400013
Phone	022-24255161

More funds from Axis Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Axis Gilt Fund	N.A.	₹868 Crs	13.49%	8.86%
Axis Strategic Bond Fund	N.A.	₹1,899 Crs	10.81%	8.37%
Axis Long Duration Fund	N.A.	₹392 Crs	13.7%	N.A.
Axis Dynamic Bond Fund	N.A.	₹1,355 Crs	11.45%	8.05%
Axis Credit Risk Fund	N.A.	₹360 Crs	9.86%	7.94%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Axis Floater Fund?

The current Net Asset Value (NAV) of the Axis Floater Fund - Direct Growth plan is approximately ₹1321.5989 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Axis Floater Fund is a 3 yrs 9 m old fund and has delivered average annual returns of 7.74% since inception.

Axis Floater Fund Returns

1-Year	3-Year	Since Inception
12.77%	8.66%	7.74%

How much does this mutual fund charge as expense ratio?

The Axis Floater Fund - Direct Growth has an expense ratio of 0.19%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Axis Floater Fund currently has assets under management (AUM) or fund size valued at approximately ₹166 Crs crore as of Mar 31, 2025.

To whom does Axis Floater Fund lend to?

The top 3 debt holdings of Axis Floater Fund are as follows

Holding Name	Percentage of Portfolio
GOI	64.8%
West Bengal State	8.91%
Maharashtra State	6.13%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Axis Floater Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
SOV	79.83098925%
AAA	12.17274802%
Cash & Call Money	7.2482892%

What is risk level of Axis Floater Fund?

This is a Floater fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Axis Floater Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Axis Floater Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Axis Floater Fund is complete.

How can I redeem my investments in Axis Floater Fund?

Redeeming your investments in Axis Floater Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Axis Floater Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Floater

#NA

Return Outperformance: This fund has generated highest return amongst Floater funds in the last 3 Years.
Expense Ratio: This fund has the lowest expense ratio amongst actively/passively managed Floater funds.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.