Aditya Birla SL Floating Rate Fund(G)
View the direct plan of this scheme
Rs 326.2109 0.0415(0.013 %) NAV as on 10 Sep 2024
Scheme Objective: The primary objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The scheme may invest a portion of its net assets in fixed rate debt securities and money market instruments.
Performance (As on 10 Sep 2024)
| 1 week returns | 3 month returns | 6 month returns | 1 year returns | 3 year returns | 5 year returns | Returns since inception | |
|---|---|---|---|---|---|---|---|
| Scheme | 0.11 % | 1.95 % | 4.04 % | 7.60 % | 6.14 % | 6.42 % | 7.94 % | >
Portfolio
Floating rate debt funds invest in instruments whose rates are tied to market rates and will move based on the underlying rate movement. This automatic adjusting of coupons reduce risks of locking into rates and allow for quicker adjustment to market rates. This works to an advantage during rising rate cycles. Returns from these funds come from interest accrual. Average maturities for these funds can vary, since many funds also go in for derivative instruments but tend to be shorter term in nature.
These funds suit any investor with investment horizons of 1.5 to 3 years and higher.
