Tata Floating Rate Fund Direct Growth
DebtFloating RateModerate Risk
Direct
NAV (21-Nov-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹146 Cr
Expense Ratio
0.33%
ISIN
INF277KA1026
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
12 Jul 2021
About this fund
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹12.32, Assets Under Management (AUM) of 145.81 Crores, and an expense ratio of 0.33%.
- Tata Floating Rate Fund Direct Growth has given a CAGR return of 6.37% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 93.25% in debts, and 6.25% in cash & cash equivalents.
- You can start investing in Tata Floating Rate Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.07%
+8.30% (Cat Avg.)
3 Years
+6.66%
+6.41% (Cat Avg.)
Since Inception
+6.37%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹135.96 Cr | 93.25% |
| Others | ₹9.84 Cr | 6.75% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Karnataka (Government of) 7.45% | Bond - Sub-sovereign Government Debt | ₹15.4 Cr | 10.56% |
| National Housing Bank | Bond - Corporate Bond | ₹15.1 Cr | 10.36% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹14.97 Cr | 10.27% |
| Reliance Industries Limited | Bond - Corporate Bond | ₹10.55 Cr | 7.24% |
| Cholamandalam Investment & Finance Co. Ltd. | Bond - Corporate Bond | ₹10.11 Cr | 6.93% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹10.03 Cr | 6.88% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹10.01 Cr | 6.86% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10 Cr | 6.86% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹9.87 Cr | 6.77% |
| Indinfravit Trust | Bond - Corporate Bond | ₹9.67 Cr | 6.63% |
| Net Current Liabilities | Cash - Collateral | ₹5.28 Cr | 3.62% |
| Maharashtra (Government of) 7.45% | Bond - Sub-sovereign Government Debt | ₹5.13 Cr | 3.52% |
| 08.67 MH Sdl 2026 | Bond - Gov't/Treasury | ₹5.11 Cr | 3.51% |
| 07.41 AP Sdl 2030 | Bond - Gov't/Treasury | ₹5.07 Cr | 3.48% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹4.95 Cr | 3.39% |
| B) Repo | Cash - Repurchase Agreement | ₹3.84 Cr | 2.63% |
| SBIMF AIF - CAT II (CDMDF)27/10/2038 | Mutual Fund - Open End | ₹0.73 Cr | 0.50% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹105.25 Cr | 72.19% |
| Bond - Sub-sovereign Government Debt | ₹20.53 Cr | 14.08% |
| Bond - Gov't/Treasury | ₹10.19 Cr | 6.99% |
| Cash - Collateral | ₹5.28 Cr | 3.62% |
| Cash - Repurchase Agreement | ₹3.84 Cr | 2.63% |
| Mutual Fund - Open End | ₹0.73 Cr | 0.50% |
Risk & Performance Ratios
Standard Deviation
This fund
0.63%
Cat. avg.
1.13%
Lower the better
Sharpe Ratio
This fund
1.06
Cat. avg.
0.24
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.56
Higher the better
Fund Managers
Akhil Mittal
Since July 2021
Additional Scheme Detailsas of 31st October 2024
ISIN INF277KA1026 | Expense Ratio 0.33% | Exit Load No Charges | Fund Size ₹146 Cr | Age 3 years 4 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Short Term Bond TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Floating Rate Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| DSP Floater Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹729.43 Cr | 9.7% |
| DSP Floater Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹729.43 Cr | 9.3% |
| Axis Floater Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹232.97 Cr | 9.8% |
| Axis Floater Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹232.97 Cr | 9.4% |
| Franklin India Floating Rate Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹300.79 Cr | 8.3% |
| Nippon India Floating Rate Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹7820.98 Cr | 8.2% |
| ICICI Prudential Floating Interest Fund Regular Growth Moderate Risk | 1.2% | 0.0% | ₹8674.64 Cr | 8.3% |
| HDFC Floating Rate Debt Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹14941.21 Cr | 8.7% |
| Franklin India Floating Rate Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹300.79 Cr | 9.1% |
| Aditya Birla Sun Life Floating Rate Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹13285.65 Cr | 8.3% |
About the AMC
Tata Mutual Fund
Total AUM
₹1,85,301 Cr
Address
Mafatlal Centre, 9th Floor, Mumbai, 400 021
Other Funds by Tata Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
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- Akhil Mittal
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