Hers's a look at Floater Mutual Fund ranking!
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
|