• Floater Mutual Funds

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Features of Floater Mutual Funds

Factors to consider while investing in Floater Funds

Taxability of Floater Funds

Risks Involved With Floater Funds

Advantages of Floater Mutual Funds

Popular Floater Mutual Funds

  • Min SIP Investment Amt
  • ₹ ₹ 100
  • AUM (Cr.)
  • ₹ 233
  • 3Y Return
  • 7.15%

  • Min SIP Investment Amt
  • ₹ ₹ 500
  • AUM (Cr.)
  • ₹ 307
  • 3Y Return
  • 6.89%

  • Min SIP Investment Amt
  • ₹ ₹ 100
  • AUM (Cr.)
  • ₹ 8,822
  • 3Y Return
  • 6.83%

  • Min SIP Investment Amt
  • ₹ ₹ 100
  • AUM (Cr.)
  • ₹ 14,839
  • 3Y Return
  • 6.72%

  • Min SIP Investment Amt
  • ₹ ₹ 1000
  • AUM (Cr.)
  • ₹ 12,681
  • 3Y Return
  • 6.64%

  • Min SIP Investment Amt
  • ₹ ₹ 100
  • AUM (Cr.)
  • ₹ 814
  • 3Y Return
  • 6.62%

  • Min SIP Investment Amt
  • ₹ ₹ 150
  • AUM (Cr.)
  • ₹ 184
  • 3Y Return
  • 6.52%

  • Min SIP Investment Amt
  • ₹ ₹ 500
  • AUM (Cr.)
  • ₹ 1,153
  • 3Y Return
  • 6.52%

  • Min SIP Investment Amt
  • ₹ ₹ 100
  • AUM (Cr.)
  • ₹ 7,803
  • 3Y Return
  • 6.45%

  • Min SIP Investment Amt
  • ₹ ₹ 100
  • AUM (Cr.)
  • ₹ 3,690
  • 3Y Return
  • 6.39%

FAQs

Since floater or floating-rate funds invest 65% of their AUM (Asset Under Management) in floating-rate bonds, they are relatively more stable than pure equity funds. These funds deliver inflated returns when the RBI (Reserve Bank of India) increases the REPO (Repurchasing Option) rate. So, any conservative investor looking for steady capital growth can invest in floater funds.

Floater funds are taxed like any debt fund. For instance, you must pay an LTCG (Long Term Capital Gains) tax of 20% with indexation if you sell your units after three years from the investment date. However, if you sell your units before three years, it will be treated as STCG (Short Term Capital Gains), and the income will get added to your taxable income.

Exit load refers to the amount an investor pays for withdrawing money before a specific period. Floater mutual funds do not have any entry or exit load, so that you can enter or exit as often and whenever you want.

The expense ratio reduces the adequate profit of a mutual fund. Fortunately, floater funds’ expense ratios are some of the lowest among funds. Generally, direct growth floater funds’ expense ratio hovers between 0.22% and 0.60%.

A quick look at the best floater mutual funds reveals that these funds generally deliver annualised returns between 6% and 8.50%. However, checking a floater fund’s historical returns is good before investing.

UTI Floater Fund, HDFC Floating Rate Debt Fund, Aditya Birla Sun Life Floating Rate Fund, Franklin India Floating Rate Fund, and ICICI Prudential Floating Interest Fund are some of the top floater mutual funds in India.

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