What are the best Floating Interest Rates Funds in India?

There are 12 Floating Interest Rates Funds in India. The top performer is Axis Floating Interest Rates Fund - Regular Plan - Growth by Axis Mutual Fund with a 3-year CAGR of 7.94%. MFGenie shows 12 with a 3-year track record, ranked by CAGR. Data from AMFI, updated daily.

What is the average return of Floating Interest Rates Funds?

The average 3-year CAGR is 7.18%. Past performance does not guarantee future results.

Best Floating Interest Rates Funds

Floating rate debt funds. Returns linked to market rates. Low duration risk. Data from AMFI, updated daily.

12 funds in this category

Looking for the full directory? View all Floating Interest Rates Funds

Category:

Less than One Year More than One Year

#	Scheme	AUM	NAV	1Y	3Y	5Y	10Y	Since Inception
1	Axis Floating Interest Rates Fund · Regular · Growth Axis Mutual Fund	₹146 Cr	₹1400.17	+6.54%	+7.94%	+6.79%	—	+6.73% Jul 2021	Invest
2	DSP Floating Interest Rates Fund · Regular · Growth DSP Mutual Fund	₹331 Cr	₹14.08	+5.03%	+7.33%	+6.34%	—	+6.39% Mar 2021	Invest
3	Franklin India Floating Rate Fund · Regular · Growth Franklin Templeton Mutual Fund	₹295 Cr	₹43.77	+5.71%	+7.23%	+6.40%	+6.24%	+5.98% Apr 2001	Invest
4	Kotak Floating Rate Fund · Regular · Growth Kotak Mahindra Mutual Fund	₹3,277 Cr	₹1620.78	+5.32%	+7.23%	+6.26%	—	+6.75% May 2019	Invest
5	HDFC Floating Rate Debt Fund · Regular · Growth HDFC Mutual Fund	₹16,445 Cr	₹53.63	+5.55%	+7.21%	+6.57%	+7.00%	+7.69% Dec 2002	Invest
6	SBI Floating Rate DEBT Fund · Regular · Growth SBI Mutual Fund	₹684 Cr	₹14.33	+6.11%	+7.21%	+6.49%	—	+6.26% Oct 2020	Invest
7	Bandhan Floating Interest Rates Fund · Regular · Growth Bandhan Mutual Fund	₹229 Cr	₹13.84	+5.92%	+7.20%	+6.21%	—	+5.97% Feb 2021	Invest
8	Aditya Birla Sun Life Floating Rate Fund · Regular · Growth Aditya Birla Sun Life Mutual Fund	₹13,519 Cr	₹374.50	+5.88%	+7.16%	+6.54%	+6.93%	+7.81% Oct 2011	Invest
9	Nippon India Floating Interest Rates Fund · Regular · Growth Nippon India Mutual Fund	₹7,556 Cr	₹48.23	+4.98%	+7.06%	+6.23%	—	+7.38% Aug 2004	Invest
10	ICICI Prudential Floating Interest Fund · Regular · Growth ICICI Prudential Mutual Fund	₹7,583 Cr	₹456.29	+5.85%	+7.04%	+6.32%	+6.86%	+7.52% Apr 2006	Invest
11	Tata Floating Rate Fund · Regular · Growth Tata Mutual Fund	₹110 Cr	₹13.67	+5.69%	+6.94%	+6.27%	—	+6.17% Jun 2021	Invest
12	UTI Floating Interest Rates Fund · Regular · Growth UTI Mutual Fund	₹1,161 Cr	₹1603.15	+5.67%	+6.60%	+5.82%	—	+6.14% Oct 2018	Invest
―	Category averagemedian of 24 funds	—	—	+5.87%	+7.35%	+6.56%	—	+6.79%

Showing Regular-Growth plans. Returns are CAGR (annualised) for periods ≥1 year, absolute for periods <1 year. Data sourced from AMFI. Past performance is not indicative of future results.

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