Invests at least 65% in floating-rate instruments, whose income resets with prevailing rates — this structurally cushions the fund against interest-rate risk versus fixed-rate debt of similar maturity.
Taxation: typically taxed at the investor's income-tax slab rate regardless of holding period, following the debt-fund taxation rules in effect since 2023. This is general information, not tax advice — confirm current rules for your situation with a qualified professional.
1 Day
+0.04%
1 Week
+0.29%
1 Month
+1.36%
1 Year
+6.38%
Median NAV change across direct-plan, growth-option schemes in this category. Updated daily from AMFI.
Top & bottom performing schemes
Top 3
DSP Floater Fund+0.11%
BANDHAN FLOATER FUND - DIRECT PLAN GROWTH+0.10%
Axis Floater Fund+0.09%
Bottom 3
Franklin India Floating Rate Fund-0.04%
SBI Floating Rate Debt Fund0.00%
Aditya Birla Sun Life Floating Rate Fund-Direct Plan-Growth+0.01%
Top 3
Axis Floater Fund+2.31%
DSP Floater Fund+1.96%
BANDHAN FLOATER FUND - DIRECT PLAN GROWTH+1.76%
Bottom 3
UTI - Floater Fund+1.02%
SBI Floating Rate Debt Fund+1.04%
Franklin India Floating Rate Fund+1.06%
Top 3
ICICI Prudential Floating Interest Fund+7.20%
Axis Floater Fund+6.93%
BANDHAN FLOATER FUND - DIRECT PLAN GROWTH+6.88%
Bottom 3
Nippon India Floater Fund +6.07%
UTI - Floater Fund+6.14%
SBI Floating Rate Debt Fund+6.17%
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See the full live category table on the dashboard, or estimate returns with the MF returns calculator using this category's actual historical median.