How to Invest in Axis Floater Fund Direct Growth?

You can easily invest in Axis Floater Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Axis Floater Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Axis Floater Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Axis Floater Fund Direct Growth provide?

The Axis Floater Fund Direct Growth has been there from 11 Jul 2021 and the average annual returns provided by this fund is 6.57% since its inception.

How much expense ratio is charged by Axis Floater Fund Direct Growth?

The term Expense Ratio used for Axis Floater Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Axis Floater Fund Direct Growth is 0.20% as of 04 Dec 2023...

What is the AUM of Axis Floater Fund Direct Growth?

The AUM, short for Assets Under Management of Axis Floater Fund Direct Growth is ₹302.67Cr as of 04 Dec 2023.

How to Redeem Axis Floater Fund Direct Growth?

If you want to sell your Axis Floater Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Axis Floater Fund Direct Growth?

You can select either SIP or Lumpsum investment of Axis Floater Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Axis Floater Fund Direct Growth?

The NAV of Axis Floater Fund Direct Growth is ₹1,133.79 as of 01 Dec 2023.

What is the PE and PB ratio of Axis Floater Fund Direct Growth?

The PE ratio ratio of Axis Floater Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Axis Floater Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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Axis Floater Fund Direct Growth
Debt
Floater
Moderate Risk
1M
6M
1Y
All
 NAV: 01 Dec 2023₹1,133.79
Min. SIP amount₹1,000
Rating2
Fund size₹302.67Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Floater
Absolute returns
3M6M1YAll
Fund returns1.4%2.8%6.7%13.3%
Category averageNANA7.1%NA
Rank with in category131312NA
Understand terms
Holdings (12)NameSectorInstrumentAssets
GOI
SovereignGOI Sec16.4%
GOI
SovereignGOI Sec16.3%
GOI
SovereignGOI FRB13.4%
GOI
SovereignGOI Sec13.1%
GOI
SovereignGOI Sec11.5%
Kotak Mahindra Investments Ltd.
FinancialDebenture6.6%
Bihar State
OthersSDL5.0%
GOI
SovereignGOI Sec4.8%
GOI
SovereignGOI Sec3.3%
First Business Receivable Trust
FinancialSecuritised Debt1.8%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Floater
Pros
Cons
Exit load is zero
Low rating: 2
Lower expense ratio: 0.2%
1Y annualised returns lower than category average by 0.48%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
23 Nov 2023 - Present
0.20%
22 Nov 2023 - 23 Nov 2023
0.20%
21 Nov 2023 - 22 Nov 2023
0.20%
20 Nov 2023 - 21 Nov 2023
0.20%
19 Nov 2023 - 20 Nov 2023
0.20%
18 Nov 2023 - 19 Nov 2023
0.20%
17 Nov 2023 - 18 Nov 2023
0.20%
16 Nov 2023 - 17 Nov 2023
0.20%
15 Nov 2023 - 16 Nov 2023
0.20%
14 Nov 2023 - 15 Nov 2023
0.20%
13 Nov 2023 - 14 Nov 2023
0.20%
12 Nov 2023 - 13 Nov 2023
0.20%
11 Nov 2023 - 12 Nov 2023
0.20%
10 Nov 2023 - 11 Nov 2023
0.20%
09 Nov 2023 - 10 Nov 2023
0.20%
08 Nov 2023 - 09 Nov 2023
0.20%
07 Nov 2023 - 08 Nov 2023
0.20%
06 Nov 2023 - 07 Nov 2023
0.20%
05 Nov 2023 - 06 Nov 2023
0.20%
04 Nov 2023 - 05 Nov 2023
0.20%
03 Nov 2023 - 04 Nov 2023
0.20%
02 Nov 2023 - 03 Nov 2023
0.20%
01 Nov 2023 - 02 Nov 2023
0.20%
31 Oct 2023 - 01 Nov 2023
0.20%
30 Oct 2023 - 31 Oct 2023
0.20%
29 Oct 2023 - 30 Oct 2023
0.20%
28 Oct 2023 - 29 Oct 2023
0.20%
27 Oct 2023 - 28 Oct 2023
0.20%
26 Oct 2023 - 27 Oct 2023
0.20%
25 Oct 2023 - 26 Oct 2023
0.20%
24 Oct 2023 - 25 Oct 2023
0.20%
23 Oct 2023 - 24 Oct 2023
0.20%
22 Oct 2023 - 23 Oct 2023
0.20%
21 Oct 2023 - 22 Oct 2023
0.20%
20 Oct 2023 - 21 Oct 2023
0.20%
19 Oct 2023 - 20 Oct 2023
0.20%
18 Oct 2023 - 19 Oct 2023
0.20%
17 Oct 2023 - 18 Oct 2023
0.20%
16 Oct 2023 - 17 Oct 2023
0.20%
15 Oct 2023 - 16 Oct 2023
0.20%
14 Oct 2023 - 15 Oct 2023
0.20%
13 Oct 2023 - 14 Oct 2023
0.20%
12 Oct 2023 - 13 Oct 2023
0.20%
11 Oct 2023 - 12 Oct 2023
0.20%
10 Oct 2023 - 11 Oct 2023
0.20%
09 Oct 2023 - 10 Oct 2023
0.20%
08 Oct 2023 - 09 Oct 2023
0.20%
07 Oct 2023 - 08 Oct 2023
0.20%
06 Oct 2023 - 07 Oct 2023
0.20%
05 Oct 2023 - 06 Oct 2023
0.20%
04 Oct 2023 - 05 Oct 2023
0.20%
03 Oct 2023 - 04 Oct 2023
0.20%
02 Oct 2023 - 03 Oct 2023
0.20%
01 Oct 2023 - 02 Oct 2023
0.20%
30 Sep 2023 - 01 Oct 2023
0.20%
29 Sep 2023 - 30 Sep 2023
0.20%
28 Sep 2023 - 29 Sep 2023
0.20%
27 Sep 2023 - 28 Sep 2023
0.20%
26 Sep 2023 - 27 Sep 2023
0.21%
25 Sep 2023 - 26 Sep 2023
0.21%
24 Sep 2023 - 25 Sep 2023
0.21%
23 Sep 2023 - 24 Sep 2023
0.21%
22 Sep 2023 - 23 Sep 2023
0.21%
21 Sep 2023 - 22 Sep 2023
0.21%
20 Sep 2023 - 21 Sep 2023
0.21%
19 Sep 2023 - 20 Sep 2023
0.21%
18 Sep 2023 - 19 Sep 2023
0.21%
17 Sep 2023 - 18 Sep 2023
0.21%
16 Sep 2023 - 17 Sep 2023
0.21%
15 Sep 2023 - 16 Sep 2023
0.21%
14 Sep 2023 - 15 Sep 2023
0.21%
13 Sep 2023 - 14 Sep 2023
0.18%
12 Sep 2023 - 13 Sep 2023
0.18%
11 Sep 2023 - 12 Sep 2023
0.18%
10 Sep 2023 - 11 Sep 2023
0.18%
09 Sep 2023 - 10 Sep 2023
0.18%
08 Sep 2023 - 09 Sep 2023
0.18%
07 Sep 2023 - 08 Sep 2023
0.18%
06 Sep 2023 - 07 Sep 2023
0.18%
05 Sep 2023 - 06 Sep 2023
0.18%
04 Sep 2023 - 05 Sep 2023
0.18%
03 Sep 2023 - 04 Sep 2023
0.18%
02 Sep 2023 - 03 Sep 2023
0.18%
01 Sep 2023 - 02 Sep 2023
0.18%
31 Aug 2023 - 01 Sep 2023
0.18%
31 Jul 2023 - 31 Aug 2023
0.15%
30 Jun 2023 - 31 Jul 2023
0.15%
31 May 2023 - 30 Jun 2023
0.15%
30 Apr 2023 - 31 May 2023
0.15%
31 Mar 2023 - 30 Apr 2023
0.15%
28 Feb 2023 - 31 Mar 2023
0.16%
31 Jan 2023 - 28 Feb 2023
0.16%
31 Dec 2022 - 31 Jan 2023
0.16%
30 Nov 2022 - 31 Dec 2022
0.17%
30 Nov 2022 - 30 Nov 2022
0.17%
31 Oct 2022 - 30 Nov 2022
0.17%
31 Oct 2022 - 31 Oct 2022
0.17%
31 Oct 2022 - 31 Oct 2022
0.17%
30 Sep 2022 - 31 Oct 2022
0.18%
30 Sep 2022 - 30 Sep 2022
0.18%
30 Sep 2022 - 30 Sep 2022
0.18%
31 Aug 2022 - 30 Sep 2022
0.18%
31 Aug 2022 - 31 Aug 2022
0.18%
31 Jul 2022 - 31 Aug 2022
0.25%
31 Jul 2022 - 31 Jul 2022
0.25%
30 Jun 2022 - 31 Jul 2022
0.25%
30 Jun 2022 - 30 Jun 2022
0.25%
31 May 2022 - 30 Jun 2022
0.25%
31 May 2022 - 31 May 2022
0.25%
30 Apr 2022 - 31 May 2022
0.26%
30 Apr 2022 - 30 Apr 2022
0.26%
31 Mar 2022 - 30 Apr 2022
0.28%
31 Mar 2022 - 31 Mar 2022
0.28%
28 Feb 2022 - 31 Mar 2022
0.29%
28 Feb 2022 - 28 Feb 2022
0.29%
31 Jan 2022 - 28 Feb 2022
0.29%
31 Dec 2021 - 31 Jan 2022
0.30%
30 Nov 2021 - 31 Dec 2021
0.30%
31 Oct 2021 - 30 Nov 2021
0.30%
30 Sep 2021 - 31 Oct 2021
0.30%
31 Aug 2021 - 30 Sep 2021
0.30%
31 Jul 2021 - 31 Aug 2021
0.30%
Expense ratio, exit load and taxExpense ratio: 0.20%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementAditya Pagaria
Jul 2021 - Present
View details
Education
Mr. 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.
Experience
Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.
Also manages these schemes
Axis Liquid Direct Fund Growth
Axis Banking & PSU Debt Direct Plan Growth
Axis Gold Direct Plan Growth
Axis Short Term Direct Fund Growth
Axis Treasury Advantage Direct Fund Growth
Axis Equity Advantage Fund Series 1 Direct Growth
Axis Equity Hybrid Fund Direct Growth
Axis Ultra Short Term Fund Direct Growth
Axis Overnight Fund Direct Growth
Axis Money Market Fund Direct Growth
Axis Floater Fund Direct Growth
Axis Nifty AAA Bond Plus SDL Apr 2026 50:50 ETF FoF Direct Growth
Axis CRISIL IBX SDL May 2027 Index Fund Direct Growth
Axis Silver FoF Direct Growth
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth
Hardik Shah
Jan 2022 - Present
View details
Education
Mr. Shah has done B.E. Information Technology and MBA Finance.
Experience
Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
Also manages these schemes
Nippon India Gilt Securities Fund Direct Growth
Nippon India Gilt Securities Fund Direct Defined Maturity Date Growth
Nippon India Dynamic Bond Fund Direct Growth
Axis Banking & PSU Debt Direct Plan Growth
Axis Multi Asset Allocation Direct Plan Growth
Nippon India Banking & PSU Debt Fund Direct Growth
Axis Equity Saver Fund Direct Growth
Axis Children's Gift Fund Direct Compulsory Lock In Growth
Axis Children's Gift Fund Direct No Lock In Growth
Axis Corporate Debt Fund Direct Growth
Axis Balanced Advantage Fund Direct Growth
Nippon India Nivesh Lakshya Fund Direct Growth
Axis Floater Fund Direct Growth
Axis CRISIL IBX SDL May 2027 Index Fund Direct Growth
Axis Long Duration Fund Direct Growth
Axis CRISIL IBX 50:50 Gilt Plus SDL Jun 2028 Index Fund Direct Growth
Fund house & investment objective
Axis Mutual Fund
Rank (total assets)#7 in India
Total AUM₹2,53,477.47Cr
Date of Incorporation04 Sep 2009
 Axis Floater Fund Direct Growth is a Debt Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Aditya Pagaria is the Current Fund Manager of Axis Floater Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,53,477 Cr and the Latest NAV as of 01 Dec 2023 is ₹1,133.79.
The Axis Floater Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe 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 benchmarkCRISIL Medium Term Debt Index
Scheme Information Document(SID)
Fund house contact details
Address
"Axis House" - 1st Floor,C-2 - Wadia International Centre,Pandurang Budhkar Marg , Worli, Mumbai 400025
Phone
022-24255161
Launch Date
04 Sep 2009
E-mail
NA
Website
www.axismf.com
Axis Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Axis Floater Fund Direct Growth
VS
Add mutual fund to compare

	3M	6M	1Y	All
Fund returns	1.4%	2.8%	6.7%	13.3%
Category average	NA	NA	7.1%	NA
Rank with in category	13	13	12	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	16.4%
GOI	Sovereign	GOI Sec	16.3%
GOI	Sovereign	GOI FRB	13.4%
GOI	Sovereign	GOI Sec	13.1%
GOI	Sovereign	GOI Sec	11.5%
Kotak Mahindra Investments Ltd.	Financial	Debenture	6.6%
Bihar State	Others	SDL	5.0%
GOI	Sovereign	GOI Sec	4.8%
GOI	Sovereign	GOI Sec	3.3%
First Business Receivable Trust	Financial	Securitised Debt	1.8%

Rank (total assets)	#7 in India
Total AUM	₹2,53,477.47Cr

Date of Incorporation	04 Sep 2009

Fund benchmark	CRISIL Medium Term Debt Index

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Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	2
Fund size	₹302.67Cr

Axis Floater Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (12)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.20%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Aditya PagariaJul 2021 - PresentView details

Hardik ShahJan 2022 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Aditya Pagaria
Jul 2021 - Present
View details

Hardik Shah
Jan 2022 - Present
View details