Axis Floating Interest Rates Fund
- NAV as on 9 Nov 2026
- ₹1,414.17+0.06%1 day
- Return since launch
- 6.8%
- 52-week range
- ₹1,324.93 — ₹1,414.17
- AUM
- ₹145 Cr
Axis Floating Interest Rates Fund is a Floater debt fund from Axis Mutual Fund with ₹145 Cr under management, launched in 2021. Over three years it has returned 7.4% a year, against 7.2% for its category. The expense ratio is 0.52% and the SEBI riskometer reading is Moderately High.
Performance
Axis Floating Interest Rates Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.6% against +5.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.3% | +2.0 pts | 5.3% | 4.9% |
| 2Y | 6.9% | +1.0 pts | 5.8% | 5.7% |
| 3Y | 7.4% | +0.2 pts | 7.2% | 6.4% |
| 5Y | 7.5% | +1.1 pts | 6.4% | 6.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.2% | +0.7 pts | 0.5% | 0.4% |
| 3M | 0.8% | +0.2 pts | 0.6% | 0.6% |
| 6M | 4.2% | +1.3 pts | 2.9% | 2.7% |
| 1Y | 6.6% | +1.3 pts | 5.3% | 5.0% |
| 2Y | 7.1% | +0.6 pts | 6.5% | 6.5% |
| 3Y | 8.1% | +1.0 pts | 7.2% | 7.1% |
| 5Y | 7.0% | +0.6 pts | 6.4% | 6.3% |
Since launch (12 Jul 2021): 6.8%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.6% | −0.5 pts | 8.0% |
| 2024 | 9.2% | +0.7 pts | 8.5% |
| 2023 | 7.1% | −0.6 pts | 7.7% |
| 2022 | 4.5% | 0.0 pts | 4.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.52%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.43%
- Brokerage
- 0.01%
- Transaction charges
- 0.01%
- Statutory levies
- 0.07%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Medium Duration Debt Index A-III
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.78 | 1.16 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.32 | 1.94 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 2.66 | 1.11 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Axis Floating Interest Rates Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt90.4%
- Other9.6%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Bank Of Baroda | Financial | 6.51% | ₹9.71 Cr | +3.64% | — | — |
| Others | Others | 4.86% | ₹7.26 Cr | +3.09% | +2.74% | +7.74% |
| Jubilant Bevco Ltd. | Consumer Staples | 3.77% | ₹5.62 Cr | +4.19% | +3.68% | +4.11% |
| Jubilant Beverages Ltd. | Consumer Staples | 3.75% | ₹5.60 Cr | +4.17% | +3.66% | +4.10% |
| 360 ONE Wealth Ltd. | Financial | 3.37% | ₹5.02 Cr | +3.78% | +3.38% | +3.93% |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 3.36% | ₹5.02 Cr | +3.81% | +3.42% | +4.01% |
| Piramal Finance Pvt. Ltd. | Financial | 3.36% | ₹5.01 Cr | +3.77% | +3.39% | +3.93% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 3.35% | ₹5.00 Cr | +3.77% | — | — |
| GOI | Sovereign | 3.35% | ₹5.00 Cr | +7.84% | +10.48% | +3.82% |
| National Bank For Agriculture & Rural Development | Financial | 3.33% | ₹4.97 Cr | — | +3.21% | — |
| REC Ltd. | Financial | 3.33% | ₹4.96 Cr | — | — | — |
| Muthoot Finance Ltd. | Financial | 3.29% | ₹4.91 Cr | — | — | +3.97% |
| Bajaj Housing Finance Ltd. | Financial | 3.29% | ₹4.91 Cr | — | — | — |
| Tata Teleservices Ltd. | Communication | 3.26% | ₹4.87 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 3.26% | ₹4.86 Cr | +4.34% | +9.57% | — |
| Canara Bank | Financial | 3.25% | ₹4.85 Cr | — | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 3.23% | ₹4.82 Cr | +3.73% | — | — |
| Maharashtra State | Others | 3.22% | ₹4.81 Cr | +3.74% | +3.29% | — |
| Power Finance Corporation Ltd. | Financial | 3.17% | ₹4.74 Cr | +3.71% | +3.26% | +3.88% |
| Indus Infra Trust | Construction | 2.93% | ₹4.37 Cr | +3.19% | — | — |
| Cube Highways Trust | Services | 2.05% | ₹3.06 Cr | — | — | — |
| Citius TransNet Investment Trust | Construction | 0.50% | ₹0.75 Cr | +0.69% | — | — |
| Barclays Bank | Financial | 0.02% | ₹0.03 Cr | — | 0.00% | — |
| Clearing Corporation of India | Others | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
| Axis Bank Ltd. | Financial | 0.00% | ₹0.00 Cr | — | — | — |
| Nomura Fixed Income Securities Pvt. Ltd. | Financial | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | — |
| DBS Bank India Ltd. | Financial | 0.00% | ₹0.00 Cr | 0.00% | — | — |
| Hongkong & Shanghai Banking Corpn. Ltd. | Financial | 0.00% | ₹0.00 Cr | 0.00% | +0.02% | -0.01% |
| ICICI Securities Primary Dealership Ltd. | Financial | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
| ICICI Bank Ltd. | Financial | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:6903 | 3.40% | 0.00% | -3.40% |
| REC Ltd. | 6.68% | 3.33% | -3.35% |
| Canara Bank | 0.00% | 3.25% | +3.25% |
| Bank Of Baroda | 3.29% | 6.51% | +3.22% |
| Others | -0.93% | 0.93% | +1.86% |
| Indus Infra Trust | 3.02% | 2.93% | -0.09% |
| Maharashtra State | 3.30% | 3.22% | -0.07% |
| Power Finance Corporation Ltd. | 3.24% | 3.17% | -0.07% |
| Indian Railway Finance Corporation Ltd. | 3.28% | 3.23% | -0.05% |
| GOI | 3.40% | 3.35% | -0.04% |
| Cube Highways Trust | 2.09% | 2.05% | -0.03% |
| Bajaj Housing Finance Ltd. | 3.32% | 3.29% | -0.03% |
| Muthoot Finance Ltd. | 3.31% | 3.29% | -0.02% |
| National Bank For Agriculture & Rural Development | 3.36% | 3.33% | -0.02% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 3.38% | 3.36% | -0.02% |
| Piramal Finance Pvt. Ltd. | 3.37% | 3.36% | -0.01% |
| Citius TransNet Investment Trust | 0.49% | 0.50% | +0.01% |
| Barclays Bank | 0.01% | 0.02% | +0.01% |
| Jubilant Bevco Ltd. | 3.76% | 3.77% | +0.01% |
| Cholamandalam Investment and Finance Company Ltd. | 3.36% | 3.35% | -0.01% |
| Jubilant Beverages Ltd. | 3.75% | 3.75% | +0.01% |
| HDFC Bank Ltd. | 3.25% | 3.26% | 0.00% |
| Tata Teleservices Ltd. | 3.26% | 3.26% | 0.00% |
| Clearing Corporation of India | -0.00% | 0.00% | 0.00% |
| 360 ONE Wealth Ltd. | 3.37% | 3.37% | 0.00% |
| Axis Bank Ltd. | 0.00% | 0.00% | 0.00% |
| DBS Bank India Ltd. | 0.00% | 0.00% | 0.00% |
| Nomura Fixed Income Securities Pvt. Ltd. | 0.00% | 0.00% | 0.00% |
| ICICI Bank Ltd. | -0.00% | 0.00% | 0.00% |
| ICICI Securities Primary Dealership Ltd. | -0.00% | 0.00% | 0.00% |
| Hongkong & Shanghai Banking Corpn. Ltd. | 0.00% | 0.00% | 0.00% |
| company:14064 | -0.00% | 0.00% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹6,101 Cr | 0.63% | 5.4% | 6.6% | 6.9% |
 HDFC Floating Interest Rates Fund | ₹15,498 Cr | 0.50% | 5.2% | 6.6% | 7.0% |
 ICICI Prudential Floating Interest Rates Fund | ₹8,027 Cr | 0.82% | 5.1% | 6.5% | 6.9% |
 SBI Floating Interest Rates Fund | ₹669 Cr | 0.43% | 5.9% | 6.7% | 7.0% |
 Bandhan Floating Interest Rates Fund | ₹210 Cr | 0.76% | 5.5% | 6.6% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks 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.
Fund managers
- Aditya PagariaMr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College. Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.
- Hardik ShahMr. Shah has done B.E. Information Technology and MBA Finance.Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months4.22% absolute | ₹60,000 | ₹62,532 | 4.22% | |
| 1 year6.60% annualised | ₹1,20,000 | ₹1,24,378 | 3.65% | |
| 3 years8.13% annualised | ₹3,60,000 | ₹4,08,903 | 13.58% | |
| 5 years6.95% annualised | ₹6,00,000 | ₹7,19,144 | 19.86% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.