Item: Tata Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum capital withdrawal
Rating: Unrated
Author: Morningstar

Home › Mutual Funds › Tata Mutual Fund › Tata Floating Rate Fund Direct Monthly Reinvestment of Income Distribution cum capital withdrawal

11.800 (0.031%)

NAV on May 14, 2024

Category Fixed income:

Interest rate sensitivity
Credit quality

Limited Sensitivity High Quality

Total Assets 220 cr

Turnover Ratio 76.44%

Expense Ratio 0.30%

Exit Load -

Returns

1M: 0.66%
1Y: 7.42%
3M: 1.92%
3Y: N/A
6M: 3.67%
5Y: N/A

Min Investment 5,000

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ADDITIONAL INFO

Fund Manager Akhil Mittal (Since almost 3 years)

ISIN INF277KA1075

Fund Family Tata

Launch Date July 12, 2021

Benchmark CRISIL Short Term Bond TR INR

Avg. Maturity 2.15 years

Yield To Maturity (%) 8.40%

INVESTMENT OBJECTIVE

The objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn‘t assure or guarantee any returns.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

View Factsheet

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