3 Year return
6.53%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderately Low Risk
Asset Under Management
₹197.11 Cr.
Expense Ratio
0.3% (inclusive of GST)
Exit Load
Nil
Tax Implications
Tax on gains as per your income tax bracket
Fund Holdings
Tata Mutual Fund Managers
AM
Akhil Mittal
Fund Manager since Mar 2024
Fund House Details
Tata Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
ICICI Prudential Floating Interest Fund |
6.82% |
4 |
Nippon India Floating Rate Fund |
6.43% |
2.5 |
Kotak Floating Rate Fund |
6.39% |
3 |
Schemes by Tata Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Dynamic Asset Allocation or Balanced Advantage
TATA Balanced Advantage Fund Direct Plan Growth
Hybrid . Dynamic Asset Allocation or Balanced Advantage
TATA Balanced Advantage Fund Direct Plan Payout of IDCW Payout
Hybrid . Arbitrage Fund
TATA Arbitrage Fund Direct Plan Monthly Payout of IDCW Payout
Hybrid . Arbitrage Fund
TATA Arbitrage Fund Direct Plan Monthly Reinvestment of IDCW Reinvestment
Hybrid . Arbitrage Fund
TATA Arbitrage Fund Direct Plan Growth
About TATA Floating Rate Fund Direct Plan Growth
The Tata Floating Rate Fund Direct Plan Growth is a debt mutual fund scheme that invests primarily in floating rate instruments. Floating rate instruments are debt securities whose interest rates are linked to a benchmark interest rate, such as the repo rate or the prime lending rate. This means that the interest payments on these securities will fluctuate in line with changes in the benchmark interest rate. The fund aims to generate income by investing in a diversified portfolio of floating rate instruments. It is suitable for investors who are looking for a relatively stable income stream with moderate interest rate risk. The Tata Floating Rate Fund Direct Plan Growth is an open-ended fund. The expense ratio of the Tata Floating Rate Fund Direct Plan Growth is lower than the category average.
Investment Objectives of the Scheme
The investment objective of the Tata Floating Rate Fund Direct Plan Growth is to generate income by investing in a diversified portfolio of floating rate instruments.
Key Features of The Fund
5-year return | NA |
Expense Ratio | 0.3% |
Fund Manager | Akhil Mittal |
Fund Size | ₹197.11 Cr |
Risk Profile | Moderately Low |
Is This Scheme Right for Me?
The Tata Floating Rate Fund Direct Plan Growth is suitable for investors who are looking for a relatively stable income stream with moderate interest rate risk. This fund is also suitable for investors who are looking to hedge against rising interest rates.
AMC Contact Details
Name | Tata Mutual Fund |
Launch Date | March 1994 |
Addresss | Mulla House, Ground Floor, 51, M.G. Road, Near Flora Fountain, Mumbai – 400 001 Maharashtra |
Contact | (022) 6282 7777 |
service@tataamc.com | |
Website | https://www.tatamutualfund.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
Your Guide Map for Investing
FAQs
What is today's NAV of TATA Floating Rate Fund?
What is the AUM of TATA Floating Rate Fund?
What is the expense ratio of TATA Floating Rate Fund?
What are the returns of TATA Floating Rate Fund since inception?
What is the minimum SIP amount to invest in TATA Floating Rate Fund?
How do I invest in TATA Floating Rate Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in TATA Floating Rate Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in TATA Floating Rate Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in TATA Floating Rate Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.