Tata Floating Rate Fund-Regular Plan-IDCW Quarterly Dividend Reinvestment

Tata Floating Rate Fund-Regular Plan-IDCW Quarterly Dividend Reinvestment is a scheme launched by Tata Mutual Fund on July 07, 2021, and falls under the Floater fund category. It currently manages an AUM of Rs 138 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 5000. It charges an expense ratio of 0.73% for managing the portfolio.

• Investing Strategy:

  The objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.

• Performance:

  Tata Floating Rate Fund-Regular Plan-IDCW Quarterly Dividend Reinvestment trailing returns over different times are 7.76% (1 year), 7.17% (3 year) and 0% (5 year). The average annual return of this fund stands at 5.3%.