The table below shows the Best Floating Rate Funds based on AUM, NAV, and minimum SIP.
| Name | AUM | Minimum Lump Sum | NAV |
| HDFC Floating Rate Debt Fund | 15992.83 | 100.00 | 44.30 |
| Aditya Birla SL Floating Rate Fund | 13031.83 | 1000.00 | 312.46 |
| ICICI Pru Floating Interest Fund | 12575.57 | 500.00 | 402.51 |
| Nippon India Floating Rate Fund | 8160.56 | 5000.00 | 41.25 |
| Kotak Floating Rate Fund | 5341.27 | 100.00 | 1340.23 |
| UTI Floater Fund | 1459.53 | 500.00 | 1378.48 |
| SBI Floating Rate Debt Fund | 1257.84 | 5000.00 | 11.71 |
| DSP Floater Fund | 868.69 | 100.00 | 11.47 |
| Franklin India Floating Rate Fund | 362.95 | 1000.00 | 38.34 |
| Axis Floater Fund | 309.89 | 5000.00 | 1121.56 |
- Content :
- Floating Rate Funds
- Best Floating Rate Mutual Funds
- Best Floater Mutual Funds
- Top Floating Mutual Funds
- Best Floating Rate Funds – FAQs
- Introduction to Best Floating Rate Funds
Floating Rate Funds
The table below shows Floating Rate Funds based on lowest to highest expense ratio.
| Name | Expense Ratio |
| Axis Floater Fund | 0.20 |
| DSP Floater Fund | 0.21 |
| Kotak Floating Rate Fund | 0.22 |
| Aditya Birla SL Floating Rate Fund | 0.23 |
| Baroda BNP Paribas Floater Fund | 0.24 |
| HDFC Floating Rate Debt Fund | 0.26 |
| SBI Floating Rate Debt Fund | 0.26 |
| Franklin India Floating Rate Fund | 0.29 |
| Tata Floating Rate Fund | 0.30 |
| Nippon India Floating Rate Fund | 0.31 |
Best Floating Rate Mutual Funds
The table below shows the Best Floating Rate Mutual Funds based on Highest 3Y CAGR.
| Name | CAGR 3Y |
| ICICI Pru Floating Interest Fund | 6.15 |
| HDFC Floating Rate Debt Fund | 5.74 |
| Franklin India Floating Rate Fund | 5.57 |
| Kotak Floating Rate Fund | 5.50 |
| Aditya Birla SL Floating Rate Fund | 5.42 |
| Nippon India Floating Rate Fund | 5.32 |
| UTI Floater Fund | 5.02 |
Best Floater Mutual Funds
The table below shows Best Floater Mutual Funds based on exit load i.e., the fee that the AMC charges investors when exiting or redeeming their fund units.
| Name | Exit Load | AMC |
| ICICI Pru Floating Interest Fund | 0.00 | ICICI Prudential Asset Management Company Limited |
| Franklin India Floating Rate Fund | 0.00 | Franklin Templeton Asset Management (India) Private Limited |
| HDFC Floating Rate Debt Fund | 0.00 | HDFC Asset Management Company Limited |
| DSP Floater Fund | 0.00 | DSP Investment Managers Private Limited |
| Aditya Birla SL Floating Rate Fund | 0.00 | Aditya Birla Sun Life AMC Limited |
| Nippon India Floating Rate Fund | 0.00 | Nippon Life India Asset Management Limited |
| Kotak Floating Rate Fund | 0.00 | Kotak Mahindra Asset Management Company Limited |
| UTI Floater Fund | 0.00 | UTI Asset Management Company Private Limited |
| Bandhan Floating Rate Fund | 0.00 | Bandhan AMC Limited |
| Axis Floater Fund | 0.00 | Axis Asset Management Company Ltd. |
Top Floating Mutual Funds
The table below shows Floating Mutual Funds based on Absolute 1 Year Return and AMC.
| Name | Absolute Returns – 1Y | AMC |
| ICICI Pru Floating Interest Fund | 8.27 | ICICI Prudential Asset Management Company Limited |
| Franklin India Floating Rate Fund | 8.13 | Franklin Templeton Asset Management (India) Private Limited |
| SBI Floating Rate Debt Fund | 7.94 | SBI Funds Management Limited |
| HDFC Floating Rate Debt Fund | 7.78 | HDFC Asset Management Company Limited |
| DSP Floater Fund | 7.73 | DSP Investment Managers Private Limited |
| Aditya Birla SL Floating Rate Fund | 7.70 | Aditya Birla Sun Life AMC Limited |
| Nippon India Floating Rate Fund | 7.65 | Nippon Life India Asset Management Limited |
| Kotak Floating Rate Fund | 7.64 | Kotak Mahindra Asset Management Company Limited |
| UTI Floater Fund | 7.26 | UTI Asset Management Company Private Limited |
| Bandhan Floating Rate Fund | 7.25 | Bandhan AMC Limited |
Best Floating Rate Funds – FAQs
What are the Best Floating Rate Funds?
Best Money Market Funds #1: HDFC Floating Rate Debt Fund
Best Money Market Funds #2: Aditya Birla SL Floating Rate Fund
Best Money Market Funds #3: ICICI Pru Floating Interest Fund
Best Money Market Funds #4: Nippon India Floating Rate Fund
Best Money Market Funds #5: Kotak Floating Rate Fund
These funds are listed based on the Highest AUM.
Are floating rate funds a good investment?
Floating-rate bonds are favorable investments, especially in rising interest rate scenarios. Their returns, while unpredictable, often outperform many other instruments.
When should I invest in floating rate funds?
Floating-rate funds become attractive to investors during rising interest rates because these funds yield higher interest or coupon payments in response to the increased rates.
Are floating rate bonds risky?
Floating-rate bonds carry interest rate risk, although typically lower than fixed-rate bonds.
Who should invest in a floater fund?
Floater funds are ideal for risk-averse investors, providing security for the principal amount. Compared to equities, they offer lower risk, making them a preferred choice for individuals with a conservative risk tolerance.
Introduction to Best Floating Rate Funds
Best Floating Rate Funds – AUM, NAV
HDFC Floating Rate Debt Fund
The HDFC Floating Rate Debt Fund-Growth is a floating-rate mutual fund scheme offered by HDFC Mutual Fund. With a 16-year history, this fund currently manages assets worth ₹15992 crores.
Aditya Birla SL Floating Rate Fund
The Aditya Birla Sun Life Floating Rate Direct Fund-Growth, provided by Aditya Birla Sun Life Mutual Fund, has a track record of 10 years and 9 months. Currently, it manages assets worth ₹13031 crores.
ICICI Pru Floating Interest Fund
The ICICI Prudential Floating Interest Fund Direct Plan-Growth, offered by ICICI Prudential Mutual Fund, has been operational for 10 years and 9 months. Currently, it manages assets worth ₹12575 crores.
Floating Rate Funds – Expense Ratio
Kotak Floating Rate Fund
The Kotak Floating Rate Fund Direct-Growth, managed by Kotak Mahindra Mutual Fund, has been active for 4 years and 5 months. It comes with an expense ratio of 0.22.
DSP Floater Fund
The DSP Floater Fund Direct-Growth, offered by DSP Mutual Fund, has a tenure of 2 years and 7 months. It has an expense ratio of 0.21.
Axis Floater Fund
The Axis Floater Fund Direct-Growth, offered by Axis Mutual Fund, has been operational for 2 years and 3 months. It has an expense ratio of 0.21.
Best Floating Rate Mutual Funds – CAGR 3Y
Franklin India Floating Rate Fund
The Franklin India Floating Rate Fund Direct-Growth, managed by Franklin Templeton Mutual Fund, has a history of 10 years and 9 months. It has achieved a Compound Annual Growth Rate (CAGR) of 5.57% over the past 3 years.
Nippon India Floating Rate Fund
The Nippon India Floating Rate Fund Direct-Growth, offered by Nippon India Mutual Fund, has a tenure of 10 years and 9 months. It has achieved a Compound Annual Growth Rate (CAGR) of 5.32% over the past 3 years.
UTI Floater Fund
The UTI Floater Fund Direct-Growth, managed by UTI Mutual Fund, has a tenure of 5 years. It has achieved a Compound Annual Growth Rate (CAGR) of 5.02% over the past 3 years.
Best Floater Mutual Funds – Exit Load
Bandhan Floating Rate Fund
The Bandhan Floating Rate Fund Direct-Growth, offered by Bandhan Mutual Fund, has been active for 2 years and 8 months. Notably, it has an expense ratio of 0, indicating that investors do not incur any additional charges for managing their investments in this fund.
Top Floating Mutual Funds – Absolute Returns – 1Y
SBI Floating Rate Debt Fund
The SBI Floating Rate Debt Fund Direct-Growth, managed by SBI Mutual Fund, has been operational for 3 years. It has delivered an absolute return of 7.94% over the past year.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change over time.
