DebtFloating Interest Rates FundRegularGrowthModerate

Axis Floating Interest Rates Fund

Q: What is the NAV of Axis Floating Interest Rates Fund?

As of 05 Oct 2026, the NAV of Axis Floating Interest Rates Fund is ₹1,400.29 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Axis Floating Interest Rates Fund delivered?

Axis Floating Interest Rates Fund has returned +6.20% over 1 year, +7.91% per year over 3 years, +6.79% per year over 5 years and +6.71% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Axis Floating Interest Rates Fund?

Axis Floating Interest Rates Fund charges an expense ratio of 0.53% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Axis Floating Interest Rates Fund?

Axis Floating Interest Rates Fund's largest holdings are 6.94% Government of India (11/05/2036) (16.8%), 6.95% REC Limited (18/02/2028) (6.7%), 7.34% Government of India (22/04/2064) (6.0%), Jubilant Bevco Limited (31/05/2028) (ZCB) (3.8%) and Jubilant Beverages Limited (31/05/2028) (ZCB) (3.8%). Holdings are disclosed monthly and change over time.

Q: How risky is Axis Floating Interest Rates Fund?

Axis Floating Interest Rates Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.1% and its worst peak-to-trough fall in our sample was -1.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.67 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Floating Interest Rates Fund's 0.67 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Axis Floating Interest Rates Fund?

Axis Floating Interest Rates Fund is benchmarked against the NIFTY Medium to Long Duration Debt Index A-III. Its alpha and beta on this page are measured against that index.

Q: Who manages Axis Floating Interest Rates Fund?

Axis Floating Interest Rates Fund is managed by Aditya Pagaria and Hardik Shah at Axis.

Q: How is Axis Floating Interest Rates Fund taxed?

Axis Floating Interest Rates Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Axis Mutual Fund

NAV

₹1,400.29

+0.08% 1D

as of 05 Oct 2026

This is the Regular plan of Axis Floating Interest Rates Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+6.08%absolute

52-week rangePrev NAV ₹1,399.15

Latest ₹1,400.29

Low ₹1,319.9995th percentile of its 52-week rangeHigh ₹1,404.75

Scorecard

★★★★☆4/5 vs 12 Floating Interest Rates Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Floating Interest Rates Fund (same plan and option).

PerformanceStrong

3Y CAGR +7.91% · ranks 1 of 12 Floating Interest Rates Funds

RiskHigh

Volatility 2.1% vs 0.8% category avg

CostLow

0.5% expense vs 0.7% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

1-year return (+6.20%) beats the Floating Interest Rates Fund average (+5.51%)
3-year return (+7.91%) beats the Floating Interest Rates Fund average (+7.12%)
Ranks #1 of 12 on 1-year return in its Floating Interest Rates Fund cohort
Low expense ratio (0.53%) vs the Floating Interest Rates Fund average of 0.67%
Consistent — positive in 100% of rolling 3-year windows

Concerns

Weaker risk-adjusted returns — Sharpe 0.67 below the Floating Interest Rates Fund average of 0.77
More volatile than its Floating Interest Rates Fund peers (2.1% vs 0.8%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.53%

Category 0.67%▼0.14%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.67

Category 0.77▼0.10

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY Medium to Long Duration Debt Index A-III

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Aug 2021

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-0.12%

Absolute return over the last 3 months (not annualized)

+0.49%

Absolute return over the last 6 months (not annualized)

+4.98%

Absolute return since 1 Jan of this year (not annualized)

+4.92%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.20%

3-year annualized return (CAGR)

+7.91%

5-year annualized return (CAGR)

+6.79%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+6.71%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

2.10%

Excess return per unit of total volatility (rf = 6.5%)

0.67

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.97

Largest peak-to-trough decline over full history

-1.28%

Benchmark ratios

Not shown for Floating Interest Rates Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Floating Interest Rates Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.12%	+0.09%	-0.21%
3M abs	+0.49%	+0.83%	-0.34%
6M abs	+4.98%	+3.19%	+1.79%
1Y CAGR	+6.20%	+5.51%	+0.69%
3Y CAGR	+7.91%	+7.12%	+0.79%
5Y CAGR	+6.79%	+6.33%	+0.46%

Category average across peers in Floating Interest Rates Fund (up to 11 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 11 peers in Floating Interest Rates Fund

1Y return🏆

+6.20%

Beats 100% · rank #1

3Y return🏆

+7.91%

Beats 100% · rank #1

5Y return🏆

+6.79%

Beats 100% · rank #1

Sharpe

0.67

Beats 27.3% · rank #9

Sortino

0.97

Beats 27.3% · rank #9

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.18L

Absolute

+19.71%

XIRR

+7.36%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Axis Floating Interest Rates Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+4.92%
2025	+7.57%
2024	+9.31%
2023	+7.14%
2022	+4.55%
2021part	+1.25%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

1,261

Expense ratio

0.53%

YTM (from holdings)

7.68%

Average maturity

7.73 years

Exit load

Nil

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Floating Interest Rates Fund

Compare all


Axis Floating Interest Rates FundThis fund Axis · Regular · Growth	★★★★☆	+6.20%	+7.91%	+6.79%	—	0.53%	—
DSP Floating Interest Rates Fund DSP · Regular · Growth	★★★★☆	+4.94%	+7.35%	+6.35%	—	0.57%	—
Franklin India Floating Interest Rates Fund Franklin Templeton · Regular · Growth	★★☆☆☆	+5.70%	+7.26%	+6.42%	—	0.95%	—
HDFC Floating Interest Rates Fund HDFC · Regular · Growth	★★★★★	+5.48%	+7.23%	+6.59%	—	0.50%	—
Kotak Floating Interest Rates Fund Kotak Mahindra · Regular · Growth	★★★☆☆	+5.21%	+7.22%	+6.28%	—	0.62%	—
SBI Floating Interest Rates Fund SBI · Regular · Growth	★★★☆☆	+5.85%	+7.22%	+6.49%	—	0.42%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt90.62%
Equity5.60%
Cash & Equivalents2.86%
Other0.93%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Jubilant Bevco Limited (31/05/2028) (ZCB)

3.76%

Jubilant Beverages Limited (31/05/2028) (ZCB)

3.75%

360 One Prime Limited (25/07/2028) (FRN)

3.37%

Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN)

3.36%

Bank of Baroda (06/01/2027)

3.29%

Tata Teleservices Limited (12/02/2027)

3.26%

HDFC Bank Limited (02/03/2027)

3.25%

Indus Infra Trust

3.02%

Cube Highways Trust-InvIT Fund

2.09%

Corporate Debt Market Development Fund (CDMDF) - Class A2

0.93%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Axis Dynamic Term Fund Axis · Dynamic Bond	60.9% of 4% equity	★★★★★	0.34%	+7.32%
Axis Credit Risk Fund Axis · Credit Risk Fund	35.9% of 8% equity	★★★☆☆	0.82%	+8.72%
Axis Medium Term Fund Axis · Medium Duration Fund	5.2% of 3% equity	★★★★☆	0.71%	+8.28%
Axis Retirement Fund - Conservative Axis · Retirement Fund	4.9% of 38% equity	★☆☆☆☆	1.27%	+6.79%
PGIM India Equity Savings Fund PGIM India · Equity Savings	4.5% of 79% equity	★☆☆☆☆	1.11%	+6.28%
Axis Equity Savings Fund Axis · Equity Savings	3.0% of 72% equity	★★★☆☆	1.56%	+8.95%
Axis Aggressive Hybrid Fund Axis · Aggressive Hybrid Fund	2.4% of 75% equity	★★☆☆☆	1.18%	+8.70%
Axis Multi Asset Allocation Fund Axis · Multi Asset Allocation	2.3% of 70% equity	★★☆☆☆	1.20%	+13.23%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

AMC Profile

Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.

Launched

03 Sep 2009

Total AUM

₹3,69,030Cr+2.6% QoQ

Avg AUM · April - June 2026

Website

axismf.com

Fund Managers

APAditya PagariaStart date not disclosed

Role

Fund Manager - Fixed Income

Education

Bachelor in Management Studies, Post Graduate Diploma in Business Management

Experience

Total number years of experience: 18 years, his last 10 are as follows: • Axis Asset Management Company (Fund Manager 12 Fixed Income) (August 1, 2016 till date) • ICICI Prudential Asset Management Company (Fund Manager Fixed Income) (Nov. 30, 2011 - July 26, 2016) • (Operations)- (May 03, 2007 - Nov. 29, 2011)

Funds managed (17)

All schemes Aditya Pagaria runs →

HSHardik ShahStart date not disclosed

Role

Fund Manager – Fixed Income

Education

MBA (Finance), B.E(I.T)

Experience

15 years, his last 10 • Axis Asset Management Company Ltd (January 2022 – Present) • SBI LIFE Insurance Co. Ltd. (June 2020 – January 2022) • Nippon India Asset Management Co. Ltd. ( erst. Reliance Mutual Fund) ( July 2013 – June 2020) Quantum Mutual Fund (Nov 2009 – July 2013) 28

Funds managed (13)

All schemes Hardik Shah runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Aditya Pagaria Hardik Shah

Top holdings

Indus Infra Trust Cube Highways Trust-InvIT Fund Citius Transnet Investment Trust

Axis in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Debt funds

Debt funds lend to governments and companies and earn interest. They're generally steadier than equity funds and are used for shorter horizons and stability.

Frequently asked questions

What is the NAV of Axis Floating Interest Rates Fund?

As of 05 Oct 2026, the NAV of Axis Floating Interest Rates Fund is ₹1,400.29 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Axis Floating Interest Rates Fund delivered?

Axis Floating Interest Rates Fund has returned +6.20% over 1 year, +7.91% per year over 3 years, +6.79% per year over 5 years and +6.71% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Axis Floating Interest Rates Fund?

Axis Floating Interest Rates Fund charges an expense ratio of 0.53% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Axis Floating Interest Rates Fund?

Axis Floating Interest Rates Fund's largest holdings are 6.94% Government of India (11/05/2036) (16.8%), 6.95% REC Limited (18/02/2028) (6.7%), 7.34% Government of India (22/04/2064) (6.0%), Jubilant Bevco Limited (31/05/2028) (ZCB) (3.8%) and Jubilant Beverages Limited (31/05/2028) (ZCB) (3.8%). Holdings are disclosed monthly and change over time.

How risky is Axis Floating Interest Rates Fund?

Axis Floating Interest Rates Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.1% and its worst peak-to-trough fall in our sample was -1.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.67 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Floating Interest Rates Fund's 0.67 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Axis Floating Interest Rates Fund?

Axis Floating Interest Rates Fund is benchmarked against the NIFTY Medium to Long Duration Debt Index A-III. Its alpha and beta on this page are measured against that index.

Who manages Axis Floating Interest Rates Fund?

Axis Floating Interest Rates Fund is managed by Aditya Pagaria and Hardik Shah at Axis.

How is Axis Floating Interest Rates Fund taxed?

Axis Floating Interest Rates Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.