Axis Floater Fund Direct Growth
Debt
Direct
Floating Rate
NAV as on 22-11-2024
₹ 1242.81
1D
Inception Returns
6.8%
/yr
About Axis Floater Fund Direct Growth
Axis Floater Fund Direct Growth is a debt fund. This fund was started on 29 July, 2021. The fund is managed by Hardik Shah, Aditya Pagaria. This fund is suitable to keep your money safe.
Key Parameters
- Axis Floater Fund Direct Growth has ₹233 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Axis Floater Fund Direct Growth has given a CAGR return of 6.79% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 9.80% and 7.08% respectively.
Holdings
Axis Floater Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent, Corporate. Its top holdings are 7.34% Govt Stock 2064, 7.3% Govt Stock 2053, 7.23% Govt Stock 2039, 6.79% Govt Stock 2034, 7.18% Govt Stock 2037
Taxation
As it is a floating rate mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Axis Floater Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Axis Floater Fund Direct Growth has no lock in period.
Historical NAV & Returns
Axis Floater Fund Direct Growth Overview
| Expense ratio | 0.2% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹233 Cr |
| Inception Date | 29 July, 2021 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 664.95% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 229.8 Cr as of Oct'24
- AUM decreased by 3.2 Cr between Oct'24 and Sep'24
Top 2 Sectors in October were Government, Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.34% Govt Stock 2064 | 28.96% | 28.6% | |
7.3% Govt Stock 2053 | 15.52% | 0% | |
7.23% Govt Stock 2039 | 11.03% | 0% | |
6.79% Govt Stock 2034 | 8.56% | 0% | |
7.18% Govt Stock 2037 | 6.57% | 0% |
Axis Floater Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹233 Cr
Expense Ratio 0.2%
Frequently Asked Questions for Axis Floater Fund Direct Growth
Axis Floater Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.03% | -0.03% |
6 Month Returns | 4.67% | 4.67% |
1 Year Returns | 9.8% | 9.8% |
3 Years Returns | 22.76% | 7.08% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 97.74 |
AA | 2.26 |