Axis Floating Interest Rates Fund

FloaterDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Axis Floating Interest Rates Fund is a Floater fund run by Axis Mutual Fund. On 30-09-2026, it managed ₹149 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.2% a year and its Regular plan returned 7.9% a year. Its benchmark, NIFTY Medium to Long Duration Debt Index A-III, returned 6.0% a year over the same 3 years.

NAV (Direct plan): ₹1,424.94; ▲ 0.07%30-10-2026
NAV (Regular plan): ₹1,398.94; ▲ 0.07%30-10-2026
Expense ratio: 0.22%Direct0.52%Regular; 0.22%; A year
Riskometer: High; Set by the fund house
3 year return: 8.2%Direct7.9%Regular; 8.2%; A year

Axis Floating Interest Rates Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹1,424.94 (up 0.07% that day); Regular Plan Growth ₹1,398.94 (up 0.07% that day).

This fund (Direct plan)

₹1,424.9356

Axis Floating Interest Rates Fund Returns vs NIFTY Medium to Long Duration Debt Index A-III

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−0.07%	+0.46%	+3.44%	+6.06%	+8.24%	+7.11%	--
This fund (Regular)	−0.10%	+0.38%	+3.28%	+5.77%	+7.90%	+6.74%	--
NIFTY Medium to Long Duration Debt Index A-III	−0.80%	−1.43%	+1.51%	+1.82%	+6.03%	+5.14%	--
Floater average	−0.01%	+0.56%	+2.76%	+5.43%	+7.47%	+6.73%	--
Best in Floater	+0.19%	+0.99%	+3.44%	+6.14%	+8.24%	+7.15%	--
Worst in Floater	−0.41%	−0.05%	+2.46%	+4.41%	+6.95%	+6.31%	--
Rank in Floater	9/12	8/12	1/12	2/12	1/12	2/12	--

Category rows compare the Direct plans of 12 Floater funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

Axis Floating Interest Rates Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+5.05%	+4.82%
2025	+7.91%	+7.57%
2024	+9.69%	+9.31%
2023	+7.52%	+7.14%
2022	+4.99%	+4.55%

Axis Floating Interest Rates Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 552 periods, one for each trading day from 02-08-2024 to 30-10-2026.

0%2%4%6%8%10%

Oct 2021
to
Oct 2024Feb 2022
to
Feb 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 2026

Axis Floating Interest Rates Fund (Direct)Category average, 12 Floater funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	1,034	7.4%	3.4%	12.8%	0%	7.8%	65%
2 years	791	8.3%	5.2%	10.0%	0%	7.9%	90%
3 years	552	8.2%	6.6%	9.0%	0%	7.9%	97%
5 years	59	7.2%	7.0%	7.4%	0%	6.8%	100%

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	51	7.4%	2.8%	13.0%	0%	7.7%	57%
2 years	39	7.9%	5.8%	11.2%	0%	7.9%	64%
3 years	27	8.2%	6.9%	10.1%	0%	7.9%	89%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 12 Floater funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Axis Floating Interest Rates Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Axis Floating Interest Rates Fund (Direct)This fund	Category average
Return (CAGR)	+6.06%	+5.43%
Standard deviation	1.97%	0.90%
Sharpe ratio	0.42	0.20
Sortino ratio	0.62	0.29
Maximum drawdown	−1.3% (02-04-2026)	−0.32% (21-05-2026)

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Axis Floating Interest Rates Fund (Direct)This fund	Category average
Return (CAGR)	+8.24%	+7.47%
Standard deviation	2.06%	0.76%
Sharpe ratio	1.07	1.92
Sortino ratio	1.58	3.05
Maximum drawdown	−1.3% (02-04-2026)	−0.32% (21-05-2026)

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Axis Floating Interest Rates Fund (Direct)This fund	Category average
Return (CAGR)	+7.11%	+6.73%
Standard deviation	1.77%	0.71%
Sharpe ratio	0.74	1.32
Sortino ratio	1.08	1.99
Maximum drawdown	−1.3% (02-04-2026)	−0.51% (06-05-2022)

From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Axis Floating Interest Rates Fund (Direct)This fund	Category average
Return (CAGR)	+6.97%	+6.64%
Standard deviation	1.73%	0.70%
Sharpe ratio	0.75	1.38
Sortino ratio	1.09	2.10
Maximum drawdown	−1.3% (02-04-2026)	−0.51% (06-05-2022)

From daily NAVs, 02-08-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−1.5%−1%−0.5%0%

20222023202420252026

Axis Floating Interest Rates Fund (Direct)Category average, 12 Floater funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Axis Floating Interest Rates Fund (Direct)	−1.3%	11-03-2026	02-04-2026	10-04-2026	8 days	−0.35%
Category average	−0.51%	02-05-2022	06-05-2022	01-07-2022	56 days	−0.09%

From the Direct plan's daily NAV since 02-08-2021, adjusted for unit splits, and the average of the 12 Floater funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Axis Floating Interest Rates Fund vs Other Floater Funds

The five Floater funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Axis Floating Interest Rates Fund	1/12	149	0.22%	+6.06%	+8.24%	--	--	1.07	1.58
Franklin India Floating Interest Rates Fund	2/12	256	0.38%	+5.89%	+7.92%	--	--	2.37	4.00	Compare
Bandhan Floating Interest Rates Fund	3/12	224	0.14%	+5.91%	+7.65%	--	--	1.66	2.57	Compare
ICICI Prudential Floating Interest Rates Fund	4/12	8,658	0.29%	+5.56%	+7.53%	--	--	1.95	3.11	Compare
Kotak Floating Interest Rates Fund	5/12	3,240	0.24%	+5.05%	+7.49%	--	--	1.91	2.98	Compare

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Axis Floating Interest Rates Fund Expense Ratio and Costs

What each plan charges a year, in force from 22-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Floater median	Cost rank (1 = cheapest)
Direct	0.17%	0.01%	0.01%	0.03%	0.22%	0.28%	2/12
Regular	0.43%	0.01%	0.01%	0.07%	0.52%	0.64%	4/12

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Floater funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	5.77%	6.06%	0.29%	₹1,05,770	₹1,06,060
3 years	7.90%	8.24%	0.34% a year	₹1,25,622	₹1,26,813
5 years	6.74%	7.11%	0.37% a year	₹1,38,559	₹1,40,978

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Axis Floating Interest Rates Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 02-08-2021 to 30-10-2026: 63 instalments, ₹6,30,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planAxis Floating Interest Rates Fund (Direct)	₹6,30,000	₹7,66,723	₹1,36,723	7.4%
Regular planAxis Floating Interest Rates Fund (Regular)	₹6,30,000	₹7,59,777	₹1,29,777	7.1%
Category averageCategory average, 12 Floater funds	₹6,30,000	₹7,59,077	₹1,29,077	7.0%

₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L

20222023202420252026

Direct planAxis Floating Interest Rates Fund (Direct)Regular planAxis Floating Interest Rates Fund (Regular)Category averageCategory average, 12 Floater fundsAmount invested

From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Axis Floating Interest Rates Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

89.6%Debt

Asset	Fund	Category
Debt	89.6%	93.1%
Cash and others	10.4%	6.9%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 12 Floater funds.

Rating	Fund	Category
Sovereign	22.4%	20.1%
AAA and A1+	46.3%	63.2%
AA	20.9%	9.7%

Axis Floating Interest Rates Fund Portfolio Holdings

As on 30-09-2026 · 28 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%
6.94% Government of India (11/05/2036) · Government security	Sovereign	9.89%
6.95% REC Limited (18/02/2028) · Bond	CRISIL AAA	6.64%
Bank of Baroda (11/03/2027) · Certificate of deposit	IND A1+	6.51%
7.34% Government of India (22/04/2064) · Government security	Sovereign	5.95%
Jubilant Bevco Limited (31/05/2028) (ZCB) · Bond	CRISIL AA	3.77%
Jubilant Beverages Limited (31/05/2028) (ZCB) · Bond	CRISIL AA	3.75%
360 One Prime Limited (25/07/2028) (FRN) · Bond	ICRA AA	3.37%
7.96% Pipeline Infrastructure Private Limited (11/03/2028) · Bond	CRISIL AAA	3.36%
8.75% Piramal Finance Limited (29/10/2027) · Bond	ICRA AA+	3.36%
7.71% Government of India (18/05/2066) · Government security	Sovereign	3.35%
Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN) · Bond	ICRA AA+	3.35%
7.48% National Bank For Agriculture and Rural Development (15/09/2028) · Bond	CRISIL AAA	3.33%
7.38% REC Limited (28/02/2029) · Bond	CRISIL AAA	3.33%
7.88% Muthoot Finance Limited (22/11/2028) · Bond	CRISIL AA+	3.29%
7.10% Bajaj Housing Finance Limited (16/10/2028) · Bond	CRISIL AAA	3.29%
HDFC Bank Limited (02/03/2027) · Certificate of deposit	CRISIL A1+	3.26%
Tata Teleservices Limited (12/02/2027) · Commercial paper	CRISIL A1+	3.26%
Canara Bank (12/03/2027) · Certificate of deposit	CRISIL A1+	3.25%
6.89% Indian Railway Finance Corporation Limited (18/07/2031) · Bond	CRISIL AAA	3.23%
7.43% Maharashtra State Development Loans (03/12/2040) · State government security	Sovereign	3.22%
7.11% Power Finance Corporation Limited (30/06/2036) · Bond	CRISIL AAA	3.17%
Indus Infra Trust	Transport Infrastructure	2.93%
Cube Highways Trust-InvIT Fund	Transport Infrastructure	2.05%
7.96% Pipeline Infrastructure Private Limited (11/03/2027) · Bond	CRISIL AAA	2.02%
6.96% Power Finance Corporation Limited (02/03/2028) · Bond	CRISIL AAA	1.66%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2		0.93%
Citius Transnet Investment Trust	Transport Infrastructure	0.50%
6.48% Government of India (06/10/2035) · Government security	Sovereign	0.00%

Axis Floating Interest Rates Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Axis Medium Term FundMedium Duration · Axis	19.6%	11	Compare
JioBlackRock Short Term FundShort Duration · Jio BlackRock	18.5%	4	Compare
TRUSTMF Short Term FundShort Duration · Trust	18.0%	4	Compare
DSP Dynamic Term FundDynamic Bond · DSP	17.4%	4	Compare
HDFC Credit Risk FundCredit Risk · HDFC	16.5%	12	Compare
ICICI Prudential Gilt FundGilt · ICICI Prudential	15.8%	2	Compare
ICICI Prudential Retirement Fund Hybrid Conservative PlanSolution · ICICI Prudential	15.8%	2	Compare
ICICI Prudential Retirement Fund Pure Debt PlanSolution · ICICI Prudential	15.8%	2	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Axis Floating Interest Rates Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.22%
Expense ratio (Regular): 0.52%
Category: Floater
Risk: High
Launch date: 29-07-2021
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹149.18 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 149049
ISIN (Direct): INF846K014A6
Scheme code (Regular): 149048
ISIN (Regular): INF846K012B8
NAV history: From 02-08-2021, 5.2 years

Benchmark: NIFTY Medium to Long Duration Debt Index A-III
Exit load: Nil

Tax on Axis Floating Interest Rates Fund returns

Axis Floating Interest Rates Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹1,424.9356	30-10-2026
direct	Annual IDCW	₹1,386.5196	30-10-2026
direct	Daily IDCW	₹998.8456	30-10-2026
direct	Monthly IDCW	₹1,005.3808	30-10-2026
direct	Quarterly IDCW	₹1,341.0058	30-10-2026
regular	Growth	₹1,398.9394	30-10-2026
regular	Annual IDCW	₹1,362.7716	30-10-2026
regular	Daily IDCW	₹1,008.3429	30-10-2026
regular	Monthly IDCW	₹1,005.8477	30-10-2026
regular	Quarterly IDCW	₹1,317.569	30-10-2026

About Axis Floating Interest Rates Fund

Axis Floating Interest Rates Fund is a mutual fund from Axis Mutual Fund. Its category is Floater. It was launched on 29-07-2021. Its benchmark is NIFTY Medium to Long Duration Debt Index A-III. At the end of September 2026 it held 28 securities.

Fund Manager

Aditya Pagaria
Fund manager of Axis Floating Interest Rates Fund, since 29-07-2021
Hardik Shah
Fund manager of Axis Floating Interest Rates Fund, since 31-01-2022

See all funds of Axis Mutual Fund

AUM change

September 2026: ₹149.18 Cr; +0.38% from August 2026
August 2026: ₹148.61 Cr; +19.50% from July 2026
July 2026: ₹124.36 Cr; −6.28% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Axis Floating Interest Rates Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Axis Floating Interest Rates vs Franklin India Floating Interest RatesFloater
Axis Floating Interest Rates vs Bandhan Floating Interest RatesFloater
Axis Floating Interest Rates vs ICICI Prudential Floating Interest RatesFloater
Axis Floating Interest Rates vs Kotak Floating Interest RatesFloater
Axis Floating Interest Rates vs Axis Medium Term19.6% overlap
Axis Floating Interest Rates vs JioBlackRock Short Term18.5% overlap
Axis Floating Interest Rates vs TRUSTMF Short Term18.0% overlap
Axis Floating Interest Rates vs DSP Dynamic Term17.4% overlap

Compare with any other fund

Frequently Asked Questions for Axis Floating Interest Rates Fund

What is the current NAV of Axis Floating Interest Rates Fund?

The Direct plan NAV is ₹1,424.9356. The Regular plan NAV is ₹1,398.9394, as on 30-10-2026.

What are the returns of Axis Floating Interest Rates Fund?

The Direct plan returned +6.06% in 1 year, +8.24% a year over 3 years, +7.11% a year over 5 years. The Regular plan returned +5.77% in 1 year, +7.90% a year over 3 years, +6.74% a year over 5 years. These figures are as on 30-10-2026.

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

The Direct plan charges 0.22% a year. The Regular plan charges 0.52% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.

What is the AUM of Axis Floating Interest Rates Fund?

Axis Floating Interest Rates Fund managed ₹149.18 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

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

At the end of September 2026 the largest holdings were 6.94% Government of India (11/05/2036) (9.89%), 6.95% REC Limited (18/02/2028) (6.64%), Bank of Baroda (11/03/2027) (6.51%), 7.34% Government of India (22/04/2064) (5.95%), Jubilant Bevco Limited (31/05/2028) (ZCB) (3.77%). The fund held 28 securities in all.

How do I invest in Axis Floating Interest Rates Fund?

Through Axis Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of Axis Floating Interest Rates Fund?

Aditya Pagaria (since 29-07-2021), Hardik Shah (since 31-01-2022).

What is the exit load of Axis Floating Interest Rates Fund?

Nil

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.