Hers's a look at Floater Mutual Fund ranking!

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Hers's a look at Floater Mutual Fund ranking!

Floater funds are open-ended debt schemes and predominantly invest in floating-rate instruments.

Floater funds are debt-oriented schemes offered by mutual funds. These funds are open-ended debt schemes and predominantly invest in floating-rate instruments. 

Floater funds invest a minimum of 65 per cent of their total assets towards floating-rate instruments. 

Take a look at the Crisil, Morningstar and Value research rating of various mutual funds offering Floater funds: 

Sr.No.

Scheme Name

Crisil Rank

MorningStar Rank

Value Research Rank

AuM (Cr)

1

Aditya Birla Sun Life Floating Rate Fund - Direct Plan - GrowthFloater Fund

5

5

-

19,498.18

2

HDFC Floating Rate Debt Fund - Direct Plan - GrowthFloater Fund

3

5

-

20,211.14

3

Nippon India Floating Rate Fund - Direct Plan - GrowthFloater Fund

3

5

-

17,587.27

4

ICICI Prudential Floating Interest Fund - Direct Plan - GrowthFloater Fund

1

5

-

12,559.88

5

Kotak Floating Rate Fund - Direct Plan - GrowthFloater Fund

-

-

-

5,834.71

6

IDFC Floating Rate Fund - Direct Plan - GrowthFloater Fund

-

-

-

930.41

7

SBI Floating Rate Debt Fund - Direct Plan - GrowthFloater Fund

-

-

-

927.80

8

UTI Floater Fund - Direct Plan - GrowthFloater Fund

-

-

-

3,242.16

9

Tata Floating Rate Fund - Direct Plan - GrowthFloater Fund

-

-

-

386.44

10

Axis Floater Fund - Direct Plan - GrowthFloater Fund

-

-

-

848.73

11

DSP Floater Fund - Direct Plan - GrowthFloater Fund

-

-

-

1,795.40