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Floater funds are debt funds that invest at least 65% of their money in floating-rate bonds. The interest these bonds pay change as the interest rates in the economy change. A periodic resetting of rates to keep them in sync with market rates.
Min SIP
₹ 5,000
5 Yrs Return
+ 10.31 % p.a. + 10.45 % p.a. + 21.77 % + 10.16 % p.a. + 13.64 % p.a. + 20.36 % + 18.35 % p.a. + 9.52 %
Fund Size
₹9,867 Crs
Return (p.a)
+ 6.93%+ 0.53% + 8.64%+ 1.36% + 8.56%+ 2.4% + 8.35%+ 4.43% + 7.48%+ 11.94% + 7.16%+ 19.79%
ETM Rank
#1 of 6Fund Size
₹271 Crs
Return (p.a)
+ 8.06%+ 0.62% + 8.99%+ 1.41% + 8.82%+ 2.47% + 8.44%+ 4.48% + 7.3%+ 11.65% + 6.57%+ 18.02%
ETM Rank
#2 of 6Fund Size
₹12,769 Crs
Return (p.a)
+ 6.77%+ 0.52% + 8.33%+ 1.31% + 8.24%+ 2.31% + 7.88%+ 4.19% + 6.98%+ 11.12% + 6.55%+ 17.97%
ETM Rank
#3 of 6#4 of 6
Fund Size
₹14,483 Crs
Return (p.a)
+ 7.22%+ 0.55% + 8.38%+ 1.32% + 8.32%+ 2.33% + 8.05%+ 4.28% + 7.09%+ 11.3% + 6.76%+ 18.59%
ETM Rank
#4 of 6Fund Size
₹7,946 Crs
Return (p.a)
+ 7.55%+ 0.58% + 7.94%+ 1.25% + 8.05%+ 2.26% + 7.68%+ 4.08% + 6.67%+ 10.6% + 6.59%+ 18.09%
ETM Rank
#5 of 6#6 of 6
Fund Size
₹1,485 Crs
Return (p.a)
+ 6.68%+ 0.51% + 7.3%+ 1.15% + 7.6%+ 2.13% + 7.41%+ 3.94% + 6.52%+ 10.36% + 6.14%+ 16.76%
ETM Rank
#6 of 6Unranked
Fund Size
₹252 Crs
Return (p.a)
+ 12.67%+ 0.95% + 8.07%+ 1.27% + 8.7%+ 2.44% + 8.3%+ 4.41% N.A.N.A. N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹209 Crs
Return (p.a)
+ 8.9%+ 0.68% + 7.84%+ 1.24% + 7.53%+ 2.12% + 7.3%+ 3.88% + 6.42%+ 10.2% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹18 Crs
Return (p.a)
+ 5.76%+ 0.45% + 8.61%+ 1.35% + 8.67%+ 2.43% + 8.32%+ 4.42% N.A.N.A. N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹882 Crs
Return (p.a)
+ 7.02%+ 0.54% + 7.72%+ 1.22% + 8.54%+ 2.39% + 8.44%+ 4.48% + 7.0%+ 11.15% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹3,871 Crs
Return (p.a)
+ 6.45%+ 0.5% + 7.99%+ 1.26% + 7.9%+ 2.22% + 7.71%+ 4.1% + 6.69%+ 10.65% + 6.63%+ 18.2%
ETM Rank
UnrankedUnranked
Fund Size
₹1,153 Crs
Return (p.a)
+ 7.89%+ 0.6% + 8.64%+ 1.36% + 8.51%+ 2.38% + 8.23%+ 4.37% + 6.98%+ 11.12% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹220 Crs
Return (p.a)
+ 7.64%+ 0.59% + 7.97%+ 1.26% + 7.71%+ 2.16% + 7.45%+ 3.96% N.A.N.A. N.A.N.A.
ETM Rank
UnrankedSee what your investment would have yielded in
It is quite easy to invest in Floater mutual funds on ET Money. Here are the steps that you have to follow.
Which are the best Floater Mutual Funds to invest in 2024?
These are top 5 Floater funds you can invest in 2024
Fund Name | Fund Category | ETM Rank | Consistency | 5 Year Return (Annualized) |
---|---|---|---|---|
Aditya Birla Sun Life Floating Rate Fund | Debt | # 3 of 6 | 6.8 % p.a. | |
HDFC Floating Rate Debt Fund | Debt | # 4 of 6 | 7.01 % p.a. | |
Baroda BNP Paribas Floater Fund | Debt | Unranked | NA | |
Bandhan Floating Rate Fund | Debt | Unranked | NA | |
Tata Floating Rate Fund | Debt | Unranked | NA |
How long should I stay invested in Floater Mutual Funds?
Floater Funds mostly lend for a short duration. For this reason, these funds are ideal for an investment horizon of at least 2 years.
Where do Floater Mutual Funds invest?
Floating Rate Bonds by regulation have to invest at least 65% of their money in floating-rate bonds. The interest rate floating rate bonds give is not constant. It keeps changing as per changes in the interest rate in the economy. There is no regulation on for how long they need to lend, but most funds in the category keep the lending duration low.
What kind of returns can i earn from Floater ?
Floater Funds have on an average delivered 7.88% p.a. returns in the last 1 year. Their 3 and 5 year annualized returns are 6.01% and 6.91%. p.a.