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Top 5 Floater Funds with Gulaq

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Top 5 Floater Funds

Floater Mutual Funds – An Introduction 

A floater mutual fund comprises of debt securities providing a varying rate of returns depending on benchmark ideas or market fluctuations. Thus, investor(s) can easily benefit from fluctuations of the business cycle, reason being, it affects the returns that are generated by standard stock market 

Advantages of Floater Funds 

Here: 

  • The risk associated with floater funds are low as these funds chose amongst various debt instruments for their corpus investment.  
  • High returns can be expected as debt securities keep the principal component secure. 

Top 5 Floating Rate Funds as per Gulaq 

Here: 

  • ICICI Prudential Floating Interest FundIt is a debt mutual fund that was launched by ICICI Prudential mutual fund. Later on, it was introduced on 18th Nov 2005 to its investors. Currently, the fud is managed by Nikhil Kabra, and Rahul Goswami. Talking about AUM, it is of INR 8126 Cr, and the latest NAV is of INR 315.83 (dated as of 25th Feb 2020). The fund growth is rated as moderate risk. Also, the SIP investment amount is INR 100, and lumpsum investment is INR 500. 
  • Aditya Birla Sun Life Floating RateIt is a debt mutual fund that was launched by Aditya Birla Sun Life mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Kaustubh Gupta. Talking about AUM, it is of INR 8452 Cr, and the latest NAV is of INR 251.21 (dated as of 25th Feb 2020). The fund growth is rated moderately low risk. Also, the minimum SIP investment is INR 1000.  
  • Nippon India Floating Rate FundIt is a debt mutual fund scheme that was launched by Reliance mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Vivek Sharma, and Amit Tripathi. Talking about AUM, it is of INR 6597, and the latest NAV is of INR 14.63 (dated as of 25th Feb 2020). The fund growth is rated moderately low risk. Also, the minimum SIP investment amount is INR 100, and lumpsum investment is INR 5000.  
  • HDFC Floating Rate Debt FundIt is a debt mutual fund that was launched by HDFC mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Shobhit Mehrortra. Talking about AUM, it is of INR 11036, and the latest NAV is of INR 35.21 (dated as of 25th Feb 2020). The fund growth is rated moderately low risk. Also, the minimum SIP investment is INR 1000, and lumpsum investment is INR 5000.  
  • Franklin India Floating Rate FundIt is a debt mutual fund scheme that was launched by Franklin Templeton mutual fund. Later on, it was introduced on 23rd April 2001 to its investors. Currently, the fund is managed by Umesh Sharma, and Pallab Roy. Talking about AUM, it is of INR 421 Cr, and the latest NAV is of INR 10.07 (dated as of 25th Feb 2020). The fund growth is rated moderate risk. Also, the minimum SIP investment is INR 1000.  

Looking to invest? Hop on to gulaq.com and start investing in direct mutual funds. Furthermore, you can also get in touch: [email protected] or Whatsapp +91-9818894632

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*Disclaimer: investment in securities market are subject to market risks, read all the related documents carefully before investing. 

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