CASPeR Ranking #18
Axis Floater Fund Regular Growth
NAV (Thu Sep 19 2024)
₹1,225
Returns (Since Inception)
6.74%
Category Average
6.04%
Rating
4
Allocation and Holdings
Asset class
Weightage
Unknown
92.77%
Get your personalized mutual fund portfolio in 2 minutes.
Overall rating
Scheme Information
Fund name
Axis Floater Fund Regular Growth
Minimum SIP
1000
Risk Level
Moderate Risk
AUM
₹255.96 Cr
ISIN
INF846K012B8
Inception Date
Jul 29 2021
Standard Deviation
1.522
Beta
-
Sharpe Ratio
0.335
Benchmark
Crisil Low Duration Debt TR INR
Expense Ratio
0.540%
Exit Load
Nil
Risk
Moderate Risk
Investment Objective
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. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Fund Managers
Aditya Pagaria
Hardik Shah
About the AMC
Axis Asset Management Company Limited
Phone Number
+91 22 43255161Email Address
customerservice@axismf.comCorporate Office Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,Overall AUM
₹255.96 Cr
Website
www.axismf.comPopular Fixed Income funds
View all FundsFranklin India Equity Advantage Fund Direct Growth
₹3674.59 Cr
17.88%
SBI PSU Regular Growth
₹4851.11 Cr
36.75%
Nippon India Equity Hybrid Fund - Direct Plan - Growth Option
₹3893.74 Cr
17.90%
Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option
₹16465.39 Cr
20.94%
Nippon India Multi Cap Fund - Direct Plan - Growth
₹38115.28 Cr
29.31%
Expert designed mutual fund portfolios
Mutual Funds are a smart way to grow your money. They can help you achieve your financial goals as they have the potential to generate higher-than-inflation returns.
frequently asked questions
view all FAQsWhat is the current NAV of Axis Floater Fund Regular Growth?
The NAV of Axis Floater Fund Regular Growth is ₹1,225 as of Thu Sep 19 2024.
Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.
Who is the fund manager of Axis Floater Fund Regular Growth?
Aditya Pagaria is the current fund manager of Axis Floater Fund Regular Growth as on Fri Sep 20 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.
What is the expense ratio of Axis Floater Fund Regular Growth?
The Expense Ratio of Axis Floater Fund Regular Growth is 54.00% as of Fri Sep 20 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 54.00% of those returns will be retained by the AMC.
The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).
Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.
What is the minimum SIP amount of Axis Floater Fund Regular Growth?
The minimum Systematic Investment Plan (SIP) amount required for Axis Floater Fund Regular Growth is ₹1,000. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.
What is the minimum lump sum amount required to invest in Axis Floater Fund Regular Growth?
To initiate a lump sum investment in Axis Floater Fund Regular Growth, a minimum initial amount of ₹5,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.
What is risk category of the Axis Floater Fund Regular Growth?
In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of Axis Floater Fund Regular Growth is classified as Moderate Risk.
What is the category of Axis Floater Fund Regular Growth?
The category of the Axis Floater Fund Regular Growth is Fixed Income.