Based on 1-year returns, the top performing Floater funds are ICICI Prudential Floating Interest Fund - Direct Plan with 6.16% return, Franklin India Floating Rate Fund - Direct Plan with 5.76% return, and Aditya Birla Sun Life Floating Rate Fund - Direct Plan with 5.68% return. The category average 1-year return is 5.16%.
Floater Funds
Floater debt funds invest a minimum of 65% of total assets in floating-rate instruments.
Total Schemes
12
No. of schemes
Total AUM
₹ 0.52Lakh Cr
As on latest
Category Return (5Y)
6.62 %
CAGR
Benchmark Data
NA
This category currently has no benchmark assigned.
Category Returns (%)
| Period | 1M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | YTD |
|---|---|---|---|---|---|---|---|
Floater | 0.22 % | 2.19 % | 5.16 % | 7.60 % | 6.62 % | 7.31 % | 1.85 % |
Benchmark Not Available No benchmark assigned | - | - | - | - | - | - | - |
About Floater Funds
What is it?
Floater debt funds invest a minimum of 65% of total assets in floating-rate instruments.
Objective
These funds aim to offer steady returns to investors in line with the prevailing market interest rates by investing in floating-rate securities.
Suitability and opinion
These funds are suitable for investors aiming to protect their portfolios from fluctuating interest rates. This option can be used as a hedge against interest rate volatility. These funds have very low interest rate risk and are suitable for the debt allocation in your portfolio. But we believe that investors can avoid this category and can invest in liquid funds and short-duration funds for the debt allocation of their portfolios. We feel that there are too many debt fund categories available based on the tenure and types of bonds. This leads to more confusion and does not add any value to retail investors.
Floater vs Other Categories
5Y CAGR Return Comparison
Key Insights
Floater delivered 6.62% CAGR over the last 5 years.
It ranks #3 out of 18 categories based on 5Y performance.
Above the category average return of 6.35%.
2 categories outperform it, while 15 categories have lower returns.
Top performer: Credit Risk (9.97%).
Lowest performer: Long Duration (5.32%).
Let's have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
HDFC Floating Rate Debt Fund - Direct Plan
Fund Performance: HDFC Floating Rate Debt Fund - Direct Plan has given 7.66% annualized returns in the past three years and 6.74% in the last 5 years. The HDFC Floating Rate Debt Fund - Direct Plan comes under the Debt category of HDFC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HDFC Floating Rate Debt Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 16,431.80Cr
1Y Returns
5.42%
Expense Ratio
0.27%
Aditya Birla Sun Life Floating Rate Fund - Direct Plan
Fund Performance: Aditya Birla Sun Life Floating Rate Fund - Direct Plan has given 7.41% annualized returns in the past three years and 6.60% in the last 5 years. The Aditya Birla Sun Life Floating Rate Fund - Direct Plan comes under the Debt category of Aditya Birla Sun Life Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Floating Rate Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 13,441.00Cr
1Y Returns
5.68%
Expense Ratio
0.24%
Nippon India Floater Fund - Direct Plan
Fund Performance: Nippon India Floater Fund - Direct Plan has given 7.35% annualized returns in the past three years and 6.43% in the last 5 years. The Nippon India Floater Fund - Direct Plan comes under the Debt category of Nippon India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Nippon India Floater Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 7,536.97Cr
1Y Returns
4.63%
Expense Ratio
0.37%
ICICI Prudential Floating Interest Fund - Direct Plan
Fund Performance: ICICI Prudential Floating Interest Fund - Direct Plan has given 8.02% annualized returns in the past three years and 7.08% in the last 5 years. The ICICI Prudential Floating Interest Fund - Direct Plan comes under the Debt category of ICICI Prudential Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Floating Interest Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 500.00
AUM
₹ 7,491.87Cr
1Y Returns
6.16%
Expense Ratio
0.30%
Kotak Floating Rate Fund - Direct Plan
Fund Performance: Kotak Floating Rate Fund - Direct Plan has given 7.68% annualized returns in the past three years and 6.61% in the last 5 years. The Kotak Floating Rate Fund - Direct Plan comes under the Debt category of Kotak Mahindra Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Kotak Floating Rate Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 3,329.30Cr
1Y Returns
5.31%
Expense Ratio
0.25%
UTI Floater Fund - Direct Plan
Fund Performance: UTI Floater Fund - Direct Plan has given 7.04% annualized returns in the past three years and 6.21% in the last 5 years. The UTI Floater Fund - Direct Plan comes under the Debt category of UTI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in UTI Floater Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 500.00
AUM
₹ 1,521.31Cr
1Y Returns
5.38%
Expense Ratio
0.42%
SBI Floating Rate Debt Fund - Direct Plan
Fund Performance: SBI Floating Rate Debt Fund - Direct Plan has given 7.53% annualized returns in the past three years and 6.55% in the last 5 years. The SBI Floating Rate Debt Fund - Direct Plan comes under the Debt category of SBI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in SBI Floating Rate Debt Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 696.91Cr
1Y Returns
5.31%
Expense Ratio
0.26%
DSP Floater Fund - Direct Plan
Fund Performance: DSP Floater Fund - Direct Plan has given 7.68% annualized returns in the past three years and 6.51% in the last 5 years. The DSP Floater Fund - Direct Plan comes under the Debt category of DSP Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in DSP Floater Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 325.73Cr
1Y Returns
4.29%
Expense Ratio
0.39%
Franklin India Floating Rate Fund - Direct Plan
Fund Performance: Franklin India Floating Rate Fund - Direct Plan has given 8.19% annualized returns in the past three years and 7.03% in the last 5 years. The Franklin India Floating Rate Fund - Direct Plan comes under the Debt category of Franklin Templeton Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Franklin India Floating Rate Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 289.62Cr
1Y Returns
5.76%
Expense Ratio
0.27%
Bandhan Floater Fund - Direct Plan
Fund Performance: Bandhan Floater Fund - Direct Plan has given 7.52% annualized returns in the past three years and 6.47% in the last 5 years. The Bandhan Floater Fund - Direct Plan comes under the Debt category of Bandhan Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Bandhan Floater Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 222.46Cr
1Y Returns
5.16%
Expense Ratio
0.09%
Axis Floater Fund - Direct Plan
Fund Performance: Axis Floater Fund - Direct Plan has given 7.77% annualized returns in the past three years. The Axis Floater Fund - Direct Plan comes under the Debt category of Axis Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Axis Floater Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 148.20Cr
1Y Returns
3.94%
Expense Ratio
0.20%
Tata Floating Rate Fund - Direct Plan
Fund Performance: Tata Floating Rate Fund - Direct Plan has given 7.36% annualized returns in the past three years. The Tata Floating Rate Fund - Direct Plan comes under the Debt category of Tata Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Tata Floating Rate Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 110.78Cr
1Y Returns
4.93%
Expense Ratio
0.31%
Explore Other Categories
Explore different mutual fund categories based on investment strategy, market cap exposure and risk profile.
View All
Explore Mutual Fund Tools
Discover advanced mutual fund analysis tools, calculators, screeners and portfolio research features to make better investment decisions.
Dashboard
Track mutual fund performance, allocation trends and investment insights.
Explore Tool
Strategies
Create and manage mutual fund investment and allocation strategies.
Explore Tool
Screener
Filter and discover mutual funds based on returns, risk and categories.
Explore Tool
Factor Model
Analyze mutual funds using quantitative and factor-based scoring models.
Explore Tool
Compare
Compare mutual fund returns, risk, expense ratio and portfolio metrics.
Explore Tool
Alpha Analysis
Analyze mutual fund alpha generation and benchmark outperformance trends.
Explore Tool
Magicboard
Discover top-performing mutual funds using Sharpely’s smart ranking engine.
Explore Tool
NFO Tracker
Track latest NFO launches, timelines and new mutual fund opportunities.
Explore Tool
SIP Returns
Calculate SIP returns and estimate long-term mutual fund wealth creation.
Explore Tool
Rolling Returns
Analyze rolling return consistency across different investment periods.
Explore Tool
SWP Calculator
Estimate systematic withdrawal plans and retirement income projections.
Explore Tool