Axis Floater Fund - Regular Plan - Quarterly IDCW

Axis Floater Fund - Regular Plan - Quarterly IDCW is a scheme launched by 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 - Quarterly IDCW trailing returns over different times are 6.27% (1 year), 6.85% (3 year) and 0% (5 year). The average annual return of this fund stands at 5.39%.