3 Year return

6.53%
Launched on June 2021 (3 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹197.11 Cr.

Expense Ratio

0.3% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Tax on gains as per your income tax bracket

Fund Holdings

Holdings

Tata Mutual Fund Managers

AM

Akhil Mittal

Fund Manager since Mar 2024

View Details

Fund House Details

Tata Mutual Fund

Tata Mutual Fund Asset management company

AUM ₹177,998.81 Cr.
No. of Schemes 174
Setup Date March 1994

Peer Comparison

Comparison with other similar funds

Schemes by Tata Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

TATA Balanced Advantage Fund Direct Plan Growth

13.38%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

TATA Balanced Advantage Fund Direct Plan Payout of IDCW Payout

13.38%
6.77%

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
Email 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

Investing without setting a financial goal takes out the aspect of clarity for an investor. Once a goal is set such as purchasing that dream car, you need to determine the optimum SIP amount vis a vis to the number of years of investing. Angel One's SIP calculator can serve as a map to guide you to take the smoothest road to your goals by finding the optimum balance between the variables affecting the SIP.

FAQs

What is today's NAV of TATA Floating Rate Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of TATA Floating Rate Fund Oct 11 2024 is 12.2298

What is the AUM of TATA Floating Rate Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of TATA Floating Rate Fund is 197.11 crore.

What is the expense ratio of TATA Floating Rate Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of TATA Floating Rate Fund is 0.3%

What are the returns of TATA Floating Rate Fund since inception?

The TATA Floating Rate Fund was launched on Jun 21 2021. The fund has delivered a CAGR of 6.35 since inception.

What is the minimum SIP amount to invest in TATA Floating Rate Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for TATA Floating Rate Fund is 500.

How do I invest in TATA Floating Rate Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. 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.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in TATA Floating Rate Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in TATA Floating Rate Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in TATA Floating Rate Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.