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CATEGORY

Best Floater mutual funds

12 funds in this category, ranked by 3-year rolling CAGR.

#Fund3Y CAGRAMCAUM
#1ICICI Prudential Floating Interest Rates Fund8.3%ICICI Prudential Asset Management Company Limited₹8,135.69 Cr
#2Axis Floater Fund8.2%Axis Asset Management Co. Ltd.₹148.328 Cr
#3Aditya Birla Sun Life Floating Interest Rate Fund-7.9%Aditya Birla Sun Life AMC Limited₹12,900.308 Cr
#4HDFC Floating Interest Rates Fund7.8%HDFC Asset Management Company Limited₹15,466.468 Cr
#5DSP Floating Interest Rates Fund7.8%DSP Asset Managers Private Limited₹311.031 Cr
#6Nippon India Floating Interest Rates Fund7.7%Nippon Life India Asset Management Limited₹7,431.117 Cr
#7Bandhan Floating Interest Rates Fund7.6%Bandhan AMC Limited₹221.102 Cr
#8Tata Floating Rate Fund -7.6%Tata Asset Management Limited₹120.05 Cr
#9SBI Floating Interest Rates Fund7.2%SBI Funds Management Limited₹669.118 Cr
#10Franklin India Floating Rate Fund7.0%Franklin Templeton Asset Management (India) Private Limited₹254.28 Cr
#11Kotak Floating Interest Rates Fund6.7%Kotak Mahindra Asset Management Company Limited.₹3,092.29 Cr
#12UTI Floating Interest Rates Fund6.3%UTI Asset Mgmt. Co. Ltd.₹1,503.502 Cr

Punji tracks 12 Floater Fund funds from 0 AMCs, together managing roughly ₹50,253.284 Cr in assets. Across the 12 funds with a full 3-year track record, the average 3-year rolling CAGR is 7.5%. ICICI Prudential Floating Interest Rates Fund leads the category at 8.3% 3Y CAGR.

Figures here are computed directly from each fund's own NAV history and AUM - not survivor-biased averages from a fact sheet - so a fund that merged, closed, or changed category drops out of the comparison rather than skewing it. Click any fund in the table for its full return history, expense ratio, holdings, and risk profile, or jump to a specific AMC's Floater Fund funds below.

Floater Fund is one of the standardized scheme categories SEBI mandated in its 2017 product categorization circular, so every AMC's Floater Fund fund follows the same investment-mandate rules - the same broad universe of permitted holdings, the same category-level restrictions - which is what makes a ranking across 0 different AMCs a genuine like-for-like comparison rather than an apples-to-oranges one. A fund's position here moves as new NAV data comes in or as AMCs launch or close schemes in the category, so treat it as a point-in-time snapshot, not a fixed league table.

Category alone doesn't tell you a fund's risk level or whether it's the right fit for your own time horizon - two Floater Fund funds can take meaningfully different approaches within the same mandate (concentration, turnover, credit quality for debt categories) and end up with very different risk profiles despite sharing a label. Use the Riskometer rating and risk metrics (Sharpe Ratio, Max Drawdown, Standard Deviation) shown on each fund's own page alongside this category-level ranking, not instead of it.