Axis Floating Interest Rates Fund - Direct Plan - Growth Option
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. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.Read more
- Current NAV₹1,423.47
- Fund Size (AUM)₹ 149 Cr.
- Expense Ratio0.23 %
- 1Y Return+5.72%
- 3Y Return (CAGR)+8.27%
- 5Y Return (CAGR)+7.08%
- Category Rank (3Y)—
- RiskometerHigh Risk
- Min. SIP / Lump sum₹ 1,000 / ₹ 5,000
More figures (11)
- Since Launch (CAGR)+7.00%
- Benchmark—
- Volatility (3Y)2.09 %
- Sharpe Ratio (3Y)0.85
- Beta (3Y)—
- 52-week High / Low₹1,429.93 / ₹1,343.47
- Max Drawdown-1.3 %
- Launched29 Jul 2021
- Lock-inNone
- Portfolio Turnover—
- Fund ManagersAditya Pagaria, Hardik Shah
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 5 years it returned 7.1% a year.
- Volatility over 3 years was 2.1% a year, with a Sharpe ratio of 0.85.
- Its biggest fall from a peak was 1.3% (11 Mar 2026 to 2 Apr 2026).
- Across all 3-year periods since launch, yearly returns ranged from 6.6% to 8.9% and were positive 100% of the time.
- Expense ratio 0.23%, fund size ₹149 crore.
Pros
AI- Every 3-year period since launch gave a positive return (lowest 6.6% a year).
- Expense ratio of 0.23% is below the category median of 0.28%.
Cons
AI- Small fund size of ₹149 crore.
Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language.
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | -0.18% | -0.13% | +0.47% | +3.22% | +4.94% | +5.72% | +6.87% | +8.27% | +7.08% | — | — | +7.00% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Floater Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| This fund | +4.94% | +7.91% | +9.69% | +7.52% | +4.99% |
January to December each year; the current year is to date.
Month-by-month returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.1 | 1.0 | -0.8 | 1.3 | 0.3 | 2.4 | 0.3 | 0.4 | 0.1 | -0.2 | |||
| 2025 | 0.6 | -0.1 | 2.4 | 2.0 | 0.7 | -0.4 | 0.5 | -0.8 | 1.1 | 0.9 | 0.4 | 0.5 | 7.9 |
| 2024 | 0.8 | 0.9 | 0.9 | -0.3 | 1.7 | 0.8 | 0.9 | 1.2 | 1.6 | -0.2 | 0.5 | 0.6 | 9.7 |
| 2023 | 0.5 | 0.2 | 1.1 | 0.9 | 0.8 | 0.4 | 0.6 | 0.5 | 0.4 | 0.1 | 0.9 | 1.1 | 7.5 |
| 2022 | 0.5 | 0.0 | 0.8 | 0.3 | -0.1 | 0.1 | 0.9 | 0.8 | -0.3 | 0.4 | 1.1 | 0.3 | 5.0 |
| 2021 | 0.3 | 0.2 | 0.3 | 0.2 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 52 of 62 months shown (84%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 2.09% | 1.79% |
| Sharpe ratio ? | 0.85 | 0.32 |
| Sortino ratio ? | 1.24 | 0.47 |
| Maximum drawdown | -1.26% | -1.26% |
Rolling 3-year returns (yearly)
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR |
|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,23,866 | ₹3,866 | +6.00% |
| 3Y | ₹3,60,000 | ₹4,01,729 | ₹41,729 | +7.25% |
| 5Y | ₹6,00,000 | ₹7,25,504 | ₹1,25,504 | +7.53% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
What your investment would be worth
Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.
Compare with all Floater Funds (12)
| S.No. | Scheme (Direct plans, Growth) | NAV ₹ | 1M % | 6M % | 1Y % | 3Y % CAGR | 5Y % CAGR | Expense ratio % | Fund size ₹ Cr | Riskometer |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Aditya Birla Sun Life Floating Interest Rates FundAditya Birla Sun Life Mutual Fund | ₹386.2027 | — | — | — | — | — | 0.25 | 12,971 | Low to Moderate Risk |
| 2. | Axis Floating Interest Rates FundAxis Mutual Fund | ₹1,423.47 | — | — | — | — | — | 0.23 | 149 | High Risk |
| 3. | BANDHAN FLOATING INTEREST RATES FUNDBandhan Mutual Fund | ₹14.2617 | — | — | — | — | — | 0.10 | 224 | Low to Moderate Risk |
| 4. | DSP Floating Interest Rates FundDSP Mutual Fund | ₹14.2672 | — | — | — | — | — | 0.28 | 316 | Moderate Risk |
| 5. | Franklin India Floating Interest Rates FundFranklin Templeton Mutual Fund | ₹48.2278 | — | — | — | — | — | 0.38 | 256 | Moderate Risk |
| 6. | HDFC Floating Interest Rates FundHDFC Mutual Fund | ₹54.8933 | — | — | — | — | — | 0.27 | 15,659 | Moderate Risk |
| 7. | ICICI Prudential Floating Interest Rates FundICICI Prudential Mutual Fund | ₹501.5974 | — | — | — | — | — | 0.29 | 8,658 | Low to Moderate Risk |
| 8. | Kotak Floating Interest Rates FundKotak Mahindra Mutual Fund | ₹1,667.95 | — | — | — | — | — | 0.24 | 3,240 | Moderate Risk |
| 9. | Nippon India Floating Interest Rates FundNippon India Mutual Fund | ₹50.9299 | — | — | — | — | — | 0.36 | 7,461 | Low to Moderate Risk |
| 10. | SBI Floating Interest Rates FundSBI Mutual Fund | ₹14.5050 | — | — | — | — | — | 0.28 | 676 | Low to Moderate Risk |
| 11. | Tata Floating Interest Rates FundTata Mutual Fund | ₹13.9992 | — | — | — | — | — | 0.32 | 114 | Moderate Risk |
| 12. | UTI Floating Interest Rates FundUTI Mutual Fund | ₹1,689.67 | — | — | — | — | — | 0.44 | 1,506 | Low to Moderate Risk |
| Median: 12 schemes | — | — | — | — | — | — | 0.28 | 1,091 | — |
Detailed comparison with another fund About Floater Funds
Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.
Scheme details
- Investment objective
- 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. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
- Fund managers
- Aditya Pagaria, Hardik Shah
- Fund house
- Axis Mutual Fund
- Category
- Floater Funds · Debt
- Plan / option
- Direct · Growth
- AMFI scheme code
- 149049
- ISIN
- INF846K014A6
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About Floater Funds
Floater Funds invest at least 65% in floating-rate debt, whose interest resets with market rates.
Generally used by investors concerned about rising interest rates.
Other plans of this scheme
- Axis Floating Interest Rates Fund - Regular Plan - Growth Option
- Axis Floating Interest Rates Fund - Direct Plan - Annual IDCW Option
- Axis Floating Interest Rates Fund - Direct Plan - Daily IDCW Option
- Axis Floating Interest Rates Fund - Direct Plan - Monthly IDCW Option
- Axis Floating Interest Rates Fund - Direct Plan - Quarterly IDCW Option
- Axis Floating Interest Rates Fund - Regular Plan - Annual IDCW Option
- Axis Floating Interest Rates Fund - Regular Plan - Daily IDCW Option
- Axis Floating Interest Rates Fund - Regular Plan - Monthly IDCW Option
Tax on your gains
Tax treatment depends on what the fund holds: equity-oriented if at least 65% is in Indian shares (directly or through equity funds), debt-oriented if over 65% is in debt, otherwise the "other" rules.
- Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
- Switching from one scheme or plan to another counts as selling and buying.
- Surcharge and 4% health and education cess apply on top of these rates.
| Fund type | Short-term | Long-term |
|---|---|---|
| Equity-oriented | 20% (up to 12 months) | 12.5% above ₹1.25 lakh |
| Debt-oriented (bought from Apr 2023) | Slab rate | Slab rate |
| Gold, international, other hybrid | Slab rate | 12.5% (after 12 or 24 months) |
Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.
Fund managers
From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.
Latest news: Axis Mutual Fund
- Axis Mutual Fund files offer document for Dividend Yield FundInvestment Guru India · 14 h ago
- Axis Mutual Fund to launch EV and new-age automotive index fund tomorrowFortune India · Yesterday
- Axis Mutual Fund launches India’s first EV Index fund, NFO opens October 16BusinessLine · Yesterday
- Axis Mutual Fund Offers EV Sector Exposure Through Index FundSMEStreet · Yesterday
- Axis MF to launch EV and new-age automotive index fund on October 16CNBC TV18 · Yesterday
- Pine Labs stake sale: Actis divests 2.08% for INR 371 crore; Axis Mutual Fund buys 0.84%Goodreturns · 13 Oct
- Axis AMC forays into SIFs; Anand Rathi Wealth net profit falls 10.4%Business Standard · 10 Oct
- Axis AMC enters India's SIF market with Accelerate brandDealroom · 9 Oct
Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.
Questions about this scheme
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What is the difference between Direct and Regular plans?
What are Floater Funds?
How are gains from Axis Floating Interest Rates Fund taxed?
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