Tata Floating Rate Fund Direct - Growth

Q: What are the returns of Tata Floating Rate Fund?

The Tata Floating Rate Fund is a 3 yrs 10 m old fund and has delivered average annual returns of 6.9% since inception. Tata Floating Rate Fund Returns 1-Year 3-Year Since Inception 9.63% 7.67% 6.9%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹12.8794+0.13% 1 day change	6.9% p.a.	#NA View Ranked Funds	4

Historical NAV & returns

NAV: ₹12.8794 as on Apr 23, 2025

This fund Category average

Tata Floating Rate Fund overview

VRO rating	4
Expense ratio	0.33% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹109 Crs
Lock-in	No Lockin
Age	3 yrs 10 m since Jun 21, 2021
Benchmark	CRISIL Short Duration Debt A-II Index
Min. investment	Lump. ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Tata Floating Rate 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 07, 2025

Period	This fund	Category average
1 month	1.91%	1.73%
3 months	3.2%	3.11%
6 months	5.0%	4.89%
1 year	9.63%	9.73%
3 years	7.67%	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

AAA 46.32%

SOV 32.43%

AA+ 13.94%

Cash & Call Money 6.6%

Top Debt Holdings

Karnataka State 14.37%

GOI 13.27%

Reliance Industries Ltd. 9.72%

Cholamandalam Investment and Finance Company Ltd. 9.34%

Allocation by Instruments

State Development Loan 19.16%

Non Convertible Debenture 18.619999999999997%

Bonds 18.53%

Debenture 14.32%

Other Holdings

Others 1.71%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Tata Floating Rate Fund	N.A.	₹109 Crs	3 yrs 10 m	0.33%
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
Tata Floating Rate Fund	1.91%	5.0%	9.63%	7.67%	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
Tata Floating Rate Fund	0.78	1.04	1.18	2.01
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	3.08 vs. 4.1 Underperformed at beating benchmark
Sharpe	1.18 vs. 4.82 Poor risk-adjusted returns
Beta	1.04 vs. 1.4 Less sensitive to market ups & downs
Standard deviation	0.78 vs. 0.93 More stable returns

Compare Tata Floating Rate Fund in detail with

About this fund

About Tata Floating Rate Fund

Tata Floating Rate Fund Direct - Growth is a Floater mutual fund scheme from Tata Mutual Fund. This fund has been in existence for 3 yrs 10 m, having been launched on 21/06/2021. Tata Floating Rate Fund Direct - Growth has ₹109 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 Tata Floating Rate Fund Direct - Growth as of 23/04/2025 is ₹12.88. The fund has an expense ratio of 0.33%, which is close to what most other Floater funds charge.

Tata Floating Rate Fund Direct - Growth returns of last 1-year are 9.62%. Since launch, it has delivered 6.89% average annual returns.
Tata Floating Rate Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
The fund's credit profile is high indicating it has lent to borrowers whose quality is great. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Karnataka State, GOI, Reliance Industries Ltd., Cholamandalam Investment and Finance Company Ltd., Export-Import Bank Of India.

...

Fund AUM	₹109 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Akhil Mittal

Mr. Mittal is B.Com (H) and MBA from University Business School. Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis India Ltd.

Investment objective

The scheme seeks to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.

Tata Mutual Fund details

No. of schemes	58 view all schemes
Total AUM	₹1,88,061 Crs as on Mar 31, 2025
Address	9th Floor, Mafatlal Centre, Nariman Point, Mumbai, 400021
Email	service@tataamc.com
Phone	1800-209-0101

More funds from Tata Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Tata Gilt Securities Fund	N.A.	₹1,003 Crs	12.23%	9.02%
Tata Corporate Bond Fund	N.A.	₹3,519 Crs	10.47%	7.56%
Tata Short Term Bond Fund	N.A.	₹2,834 Crs	9.82%	7.52%
Tata Money Market Fund	N.A.	₹26,844 Crs	8.24%	7.42%
Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index Fund	N.A.	₹856 Crs	9.51%	7.33%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Tata Floating Rate Fund?

The current Net Asset Value (NAV) of the Tata Floating Rate Fund - Direct Growth plan is approximately ₹12.8794 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Tata Floating Rate Fund is a 3 yrs 10 m old fund and has delivered average annual returns of 6.9% since inception.

Tata Floating Rate Fund Returns

1-Year	3-Year	Since Inception
9.63%	7.67%	6.9%

How much does this mutual fund charge as expense ratio?

The Tata Floating Rate Fund - Direct Growth has an expense ratio of 0.33%, 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 Tata Floating Rate Fund currently has assets under management (AUM) or fund size valued at approximately ₹109 Crs crore as of Mar 31, 2025.

To whom does Tata Floating Rate Fund lend to?

The top 3 debt holdings of Tata Floating Rate Fund are as follows

Holding Name	Percentage of Portfolio
Karnataka State	14.37%
GOI	13.27%
Reliance Industries Ltd.	9.72%

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 Tata Floating Rate Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	46.32%
SOV	32.43%
AA+	13.94%

What is risk level of Tata Floating Rate 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 Tata Floating Rate 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 Tata Floating Rate 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 Tata Floating Rate Fund is complete.

How can I redeem my investments in Tata Floating Rate Fund?

Redeeming your investments in Tata Floating Rate 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 Tata Floating Rate 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 1 Year.
AUM Growth: This fund has the highest AUM growth in the last 12 months in Floater category.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.