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Axis Floater Fund - Direct Plan - Growth vs Tata Floating Rate Fund -Direct Plan-Growth
Axis Floater Fund and Tata Floating Rate Fund - are both in the Floater Fund category, from Axis Asset Management Co. Ltd. and Tata Asset Management Limited respectively. Axis Floater Fund has posted a higher 3-year rolling CAGR. Axis Floater Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Axis Floater Fund has the lower direct-plan expense ratio, by 0.09 percentage points.
| Axis Floater Fund - Direct Plan - Growth | Tata Floating Rate Fund -Direct Plan-Growth | |
|---|---|---|
| Category | Floater Fund | Floater Fund |
| AMC | Axis Asset Management Co. Ltd. | Tata Asset Management Limited |
| Benchmark | NIFTY Medium to Long Duration Debt Index A-III | CRISIL Short Duration Debt A-II Index |
| NAV | ₹1421.0885 (2026-10-28) | ₹13.9922 (2026-10-28) |
| AUM | ₹148.328 Cr | ₹120.05 Cr |
| Expense Ratio (Direct) | 0.23% | 0.32% |
| Inception | 2021-07-12 | 2021-06-21 |
Returns
Axis Floater Fund leads on 3-year rolling CAGR (8.2% vs Tata Floating Rate Fund -'s 7.6%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager.
Portfolio Analytics
Axis Floater Fund carries the higher portfolio YTM.
Punji Fund Health Score
Axis Floater Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Axis Floater Fund or Tata Floating Rate Fund -?
Axis Floater Fund's 3-year rolling CAGR of 8.2% is higher than Tata Floating Rate Fund -'s 7.6%. Axis Floater Fund sits in the 92nd percentile of its category on this metric, versus the 42nd percentile for Tata Floating Rate Fund - - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Axis Floater Fund or Tata Floating Rate Fund -?
Axis Floater Fund's direct-plan expense ratio is 0.09 percentage points lower than Tata Floating Rate Fund -'s. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't Axis Floater Fund and Tata Floating Rate Fund - show risk metrics like Sharpe ratio or alpha?
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Axis Floater Fund or Tata Floating Rate Fund -?
Axis Floater Fund has ₹148 Cr in assets under management, versus ₹120 Cr for Tata Floating Rate Fund -. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), Axis Floater Fund or Tata Floating Rate Fund -?
Axis Floater Fund's portfolio YTM (8.1059%) is higher than Tata Floating Rate Fund -'s. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which fund has a longer track record, Axis Floater Fund or Tata Floating Rate Fund -?
Tata Floating Rate Fund - launched on 2021-06-21, making it older than Axis Floater Fund (launched 2021-07-12). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.