Tata Floating Rate Fund Direct Growth
Debt
Direct
Floating Rate
NAV as on 23-12-2024
₹ 12.4
Inception Returns
6.4%
/yr
About Tata Floating Rate Fund Direct Growth
Tata Floating Rate Fund Direct Growth is a debt fund. This fund was started on 12 July, 2021. The fund is managed by Akhil Mittal. This fund is suitable to keep your money safe.
Key Parameters
- Tata Floating Rate Fund Direct Growth has ₹148 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Tata Floating Rate Fund Direct Growth has given a CAGR return of 6.42% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.24% and 6.80% respectively.
Holdings
Tata Floating Rate Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are National Housing Bank, Rural Electrification Corporation Limited, Small Industries Development Bank Of India, Reliance Industries Limited, 7.34% Govt Stock 2064
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 Tata Floating Rate Fund Direct Growth
The objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn‘t assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Tata Floating Rate Fund Direct Growth has no lock in period.
Historical NAV & Returns
Tata Floating Rate Fund Direct Growth Overview
| Expense ratio | 0.33% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹148 Cr |
| Inception Date | 12 July, 2021 |
| Min Lumpsum/SIP | ₹5000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 54.07% |
| STCG | Selling mutual fund 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 (23-Dec-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 168.3 Cr as of Nov'24
- AUM increased by 22.5 Cr between Nov'24 and Oct'24
Top 2 Sectors in November were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 National Housing Bank | 10.2% | 0% | |
Rural Electrification Corporation Limited | 10.14% | 50% | |
Small Industries Development Bank Of India | 10.12% | 0% | |
Reliance Industries Limited | 7.13% | 0% | |
7.34% Govt Stock 2064 | 7.08% | 0% |
Tata Floating Rate Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹148 Cr
Expense Ratio 0.33%
Frequently Asked Questions for Tata Floating Rate Fund Direct Growth
Tata Floating Rate Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.67% | 0.67% |
6 Month Returns | 4.19% | 4.2% |
1 Year Returns | 8.24% | 8.24% |
3 Years Returns | 21.83% | 6.8% |
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 | 92.59 |
AA | 7.41 |