BANDHAN FLOATING INTEREST RATES FUND - Direct Plan - Periodic IDCW
The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instruments swapped for floating returns and other debt and money market instruments.
- Current NAV₹13.9474
- Fund Size (AUM)₹ 224 Cr.
- Expense Ratio0.10 %
- 1Y Return+5.93%
- 3Y Return (CAGR)+7.24%
- 5Y Return (CAGR)—
- Category Rank (3Y)—
- RiskometerLow to Moderate Risk
- Min. SIP / Lump sum₹ 100 / ₹ 1,000
More figures (11)
- Since Launch (CAGR)+7.23%
- Benchmark—
- Volatility (3Y)11.23 %
- Sharpe Ratio (3Y)0.07
- Beta (3Y)—
- 52-week High / Low₹13.9610 / ₹13.1663
- Max Drawdown-0.5 %
- Launched9 Dec 2022
- Lock-inNone
- Portfolio Turnover—
- Fund ManagersBrijesh Shah, Debraj Lahiri
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 3 years it returned 7.2% a year.
- Volatility over 3 years was 11.2% a year, with a Sharpe ratio of 0.07.
- Its biggest fall from a peak was 0.5% (7 May 2026 to 21 May 2026).
- Across all 3-year periods since launch, yearly returns ranged from 7.0% to 7.6% and were positive 100% of the time.
- Expense ratio 0.10%, fund size ₹224 crore.
Pros
AI- Every 3-year period since launch gave a positive return (lowest 7.0% a year).
- Expense ratio of 0.10% is below the category median of 0.28%.
Cons
AI- Small fund size of ₹224 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 | -0.07% | +0.10% | +0.91% | +3.06% | +4.91% | +5.93% | +7.22% | +7.24% | — | — | — | +7.23% |
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 |
|---|---|---|---|---|
| This fund | +4.91% | +16.04% | 0.00% | +7.07% |
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 | 0.9 | 0.1 | 0.6 | 0.4 | 1.9 | 0.4 | 0.3 | 0.3 | 0.0 | |||
| 2025 | -0.1 | 0.7 | 0.8 | 0.6 | 0.2 | ||||||||
| 2023 | 0.5 | 0.4 | 0.9 | 0.7 | 0.7 | 0.5 | 0.6 | 0.6 | 0.5 | 0.5 | 0.6 | 0.5 | 7.1 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 26 of 27 months shown (96%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 11.23% | 8.92% |
| Sharpe ratio ? | 0.07 | — |
| Sortino ratio ? | 0.95 | — |
| Maximum drawdown | -0.47% | -0.47% |
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 | ₹1,23,885 | ₹3,885 | +6.03% |
| 3Y | ₹3,60,000 | ₹4,11,941 | ₹51,941 | +8.94% |
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
- The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instruments swapped for floating returns and other debt and money market instruments.
- Fund managers
- Brijesh Shah, Debraj Lahiri
- Fund house
- Bandhan Mutual Fund
- Category
- Floater Funds · Debt
- Plan / option
- Direct · IDCW (income distribution)
- AMFI scheme code
- 148715
- ISIN
- INF194KB1BH0, INF194KB1BI8
- 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
- BANDHAN FLOATING INTEREST RATES FUND - Direct Plan - Growth
- BANDHAN FLOATING INTEREST RATES FUND - Regular Plan - Growth
- BANDHAN FLOATING INTEREST RATES FUND - Direct Plan - Annual IDCW
- BANDHAN FLOATING INTEREST RATES FUND - Direct Plan - Daily IDCW
- BANDHAN FLOATING INTEREST RATES FUND - Direct Plan - Monthly IDCW
- BANDHAN FLOATING INTEREST RATES FUND - Direct Plan - Quarterly IDCW
- BANDHAN FLOATING INTEREST RATES FUND - Direct Plan - Weekly IDCW
- BANDHAN FLOATING INTEREST RATES FUND - Regular Plan - Annual IDCW
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: Bandhan Mutual Fund
- Bandhan AMC’s Suyash Choudhary on RBI rate hikes, bond yields, and debt strategyLivemint · 22 h ago
- Record SIP Inflows Signal Investor Resilience Amid Market Weakness, Say WhiteOak, Bandhan AMC CEOsNDTV Profit · 13 Oct
- India's Bandhan AMC minimizes bond duration, sees up to 100 bps of rate hikes, exec saysTradingView · 8 Oct
- Zaggle expects Zoyer platform to contribute up to 50% of revenue as Bandhan AMC deal expands SaaS businessCNBC TV18 · 28 Sep
- Markets may consolidate for a year; current large-cap valuations reasonable: Bandhan AMC's Karthik KumarCNBC TV18 · 25 Sep
- Zaggle Prepaid Ocean Services Enters Commercial Agreement with Bandhan AMC for Zoyer PlatformEquityBulls · 18 Sep
- Bandhan Mutual Fund: Increases Mastek Stake to 5.05%InvestyWise · 18 Sep
- Zaggle Prepaid Ocean Services (NSE:ZAGGLE): What Does Its New Deal With Bandhan AMC Mean?Kalkine India · 18 Sep
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 returns has BANDHAN FLOATING INTEREST RATES FUND given?
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How risky is this fund?
What is the difference between Direct and Regular plans?
What are Floater Funds?
How are gains from BANDHAN FLOATING INTEREST RATES FUND taxed?
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