These are the top-ranked funds within floater mutual funds.However, Scripbox does not recommend investing in floater mutual funds.Floater Funds are mandated to invest a minimum of 65% of total assets in Floating Rate Instruments.
This is a relatively small category with a limited number of funds.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher interest rate risk.
No single fund can achieve what a plan can. Learn why
Scheme Information
Investment Objective
The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Aditya Birla Sun Life AMC Ltd manages assets worth 283,445 crores and was set up on 5 September 1994. It's current offering of mutual fund schemes includes 83 equity,329 debt and 19 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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About Aditya Birla Sun Life Floating Rate Fund Retail (G)
About Aditya Birla Sun Life Floating Rate Fund Retail (G)
Aditya Birla Sun Life Floating Rate Fund Retail (G) is a floater debt fund and has delivered an annualised return of 7.8% over a period of 18 years .The fund was previously known as Aditya BSL FRF L/T Retl Gr.The fund is managed by Aditya Birla Sun Life AMC Ltd.The fund managers are Harshil Suvarnkar, Kaustubh Gupta
Aditya Birla Sun Life Floating Rate Fund Retail (G) Investment Objective
The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments. However, there is no assurance that the objective of the scheme will be realized.
Aditya Birla Sun Life Floating Rate Fund Retail (G) NAV,AUM,Risk
The Aditya Birla Sun Life Floating Rate Fund Retail (G) fund was launched on Jun 05, 2003. The NAV (Net Asset Value) of this floater debt as of 2021-06-14 is ₹ 389.9398. The total AUM (Asset Under Management) of the fund as of 2021-06-15 is ₹ 14324.466. The category risk of the Aditya Birla Sun Life Floating Rate Fund Retail (G) fund is Low to Moderate Risk.
The fund charges 0.38 % as expense ratio.
Aditya Birla Sun Life Floating Rate Fund Retail (G) Holdings
The fund’s highest allocation is towards debt and has invested 91.0% in this asset class. The top three holdings of the fund are axis bank limited,national bank for agriculture and rural development and 8.79% govt stock 2021
Aditya Birla Sun Life Floating Rate Fund Retail (G) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 0 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
Aditya Birla Sun Life Floating Rate Fund Retail (G) Investment volatility and Horizon
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Liquid Fund TR INR.
Aditya Birla Sun Life Floating Rate Fund Retail (G) Review
Aditya Birla Sun Life Floating Rate Fund Retail (G) has a score of 4 on a scale of 5. The fund scores 4 out of 5 based on historical performance. As compared to the other funds in its category, Aditya Birla Sun Life Floating Rate Fund Retail (G) has a score of 5 out of 5.
The credit risk of the fund is 4 out of 5 as compared to other debt funds.
