Axis Floater Fund - Regular Plan - Growth

Axis Floater Fund - Regular Plan - Growth is a scheme launched by Axis Mutual Fund on July 29, 2021, and falls under the Floater fund category. It currently manages an AUM of Rs 128.31 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 0.53% for managing the portfolio.

• Investing Strategy:

  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.

• Performance:

  Axis Floater Fund - Regular Plan - Growth trailing returns over different times are 7.02% (1 year), 7.95% (3 year) and 0% (5 year). The average annual return of this fund stands at 5.72%.