Axis Floating Interest Rates Fund vs JioBlackRock Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Floating Interest Rates Fund is a Floater fund and JioBlackRock Short Term Fund is a Short Duration fund. Axis Floating Interest Rates Fund charges 0.22% a year and JioBlackRock Short Term Fund 0.35% (Direct plans). Their portfolios overlap 18.5%: they hold 4 of the same securities.
Axis Floating Interest Rates Fund
Floater
- Expense ratio
- 0.22%
- NAV
- ₹1,424.94
JioBlackRock Short Term Fund
Short Duration
- Expense ratio
- 0.35%
- NAV
- ₹1,038.89
Which is better, Axis Floating Interest Rates or JioBlackRock Short Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Floating Interest Rates costs less: 0.22% a year against 0.35% (Direct plans).
- JioBlackRock Short Term fell less in its worst fall since 22-01-2026: −0.3% against −1.3%.
- Axis Floating Interest Rates is the larger fund: ₹149 Cr against ₹113 Cr.
- Their portfolios overlap 18.5%: 4 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Floating Interest Rates Fund | JioBlackRock Short Term Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Floater | Short Duration |
| AUM | ₹149 Cr (30-09-2026) | ₹113 Cr (30-09-2026) |
| NAV | ₹1,424.94 (Direct) | ₹1,038.89 (Direct) |
| Expense ratio (Direct) | 0.22% | 0.35% |
| Expense ratio (Regular) | 0.52% | 0.99% |
| Riskometer | High | Low to Moderate |
| Benchmark | NIFTY Medium to Long Duration Debt Index A-III | NIFTY Short Duration Debt Index A-II |
| Launch date | 29-07-2021 | 19-01-2026 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Aditya Pagaria, Hardik Shah | Arun Ramachandran, Vikrant Mehta, Siddharth Deb |
| Exit load | Nil | NIL |
Axis Floating Interest Rates vs JioBlackRock Short Term: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Floating Interest Rates Fund (Direct) | −0.07% | +0.46% | +3.44% | +6.06% | +8.24% | +7.11% | -- |
| JioBlackRock Short Term Fund (Direct) | −0.05% | +0.55% | +2.51% | -- | -- | -- | -- |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | -- |
| Short Duration average | −0.14% | +0.30% | +2.50% | -- | -- | -- | -- |
Category average: the average of the 12 Floater funds and the 25 Short Duration funds, same plan type.
Axis Floating Interest Rates vs JioBlackRock Short Term: Year-wise Returns
| Year | Axis Floating Interest RatesAxis Floating Interest Rates | JioBlackRock Short TermJioBlackRock Short Term |
|---|---|---|
| 2026to date | +5.05% | -- |
| 2025 | +7.91% | -- |
| 2024 | +9.69% | -- |
| 2023 | +7.52% | -- |
| 2022 | +4.99% | -- |
Axis Floating Interest Rates vs JioBlackRock Short Term: Rolling Returns
Every holding period of both funds
Axis Floating Interest Rates vs JioBlackRock Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Floating Interest Rates Fund (Direct) | JioBlackRock Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +4.90% |
| Standard deviation | 1.73% | 1.00% |
| Sharpe ratio | 0.75 | -0.31 |
| Sortino ratio | 1.09 | -0.45 |
| Maximum drawdown | −1.3% (02-04-2026) | −0.3% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. Beta and alpha compare each fund with its own benchmark's TRI.
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.
Axis Floating Interest Rates Fund (Direct)
JioBlackRock Short Term Fund (Direct)
| Fund | 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 | −0.3% |
| JioBlackRock Short Term Fund (Direct) | −0.3% | 22-09-2026 | 23-10-2026 | Not yet | -- | −0.2% |
From daily values since 22-01-2026, the first day every fund has.
Axis Floating Interest Rates vs JioBlackRock Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Floating Interest Rates Fund, September 2026; JioBlackRock Short Term Fund, September 2026
Holdings in common
- Overlap
- 18.5%
- Held by both
- 4
- Only in Axis Floating Interest Rates
- 23
- Only in JioBlackRock Short Term
- 8
| Security | % of Axis Floating Interest Rates | % of JioBlackRock Short Term |
|---|---|---|
| 6.94% Government of India (11/05/2036) | 9.89% | 13.05% |
| 6.95% REC Limited (18/02/2028) | 6.64% | 8.76% |
| Canara Bank (12/03/2027) | 3.25% | 1.72% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.93% | 0.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.5% means 18.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| 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% |
| Jubilant Beverages Limited (31/05/2028) (ZCB) | 3.75% |
| 360 One Prime Limited (25/07/2028) (FRN) | 3.37% |
Largest holdings only in JioBlackRock Short Term Fund
| Security | % of fund |
|---|---|
| 7.7% Small Industries Development Bank Of India (10-Oct-2029) | 8.80% |
| 6.68% LIC Housing Finance Ltd (04-Jun-2028) | 8.68% |
| Bajaj Finance Ltd (03-Feb-2027) | 8.63% |
| Bank of Baroda (05-Mar-2027) | 8.60% |
| National Bank For Agriculture & Rural Development (02-Mar-2027) | 8.59% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Floating Interest Rates | JioBlackRock Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 89.6% | 92.6% |
| Cash and others | 10.4% | 7.4% |
Axis Floating Interest Rates vs JioBlackRock Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Floating Interest Rates Fund | JioBlackRock Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.22% | 0.35% |
| Base expense ratio (Direct) | 0.17% | 0.27% |
| Total expense ratio (Regular) | 0.52% | 0.99% |
| Base expense ratio (Regular) | 0.43% | 0.84% |
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, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis Floating Interest Rates with
Axis Floating Interest Rates Fund vs JioBlackRock Short Term Fund: Frequently Asked Questions
What is the difference between Axis Floating Interest Rates Fund and JioBlackRock Short Term Fund?
Axis Floating Interest Rates Fund is a Floater fund, JioBlackRock Short Term Fund is a Short Duration fund, run by Axis Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 18.5%. Axis Floating Interest Rates Fund charges 0.22% a year and JioBlackRock Short Term Fund 0.35%.
Which has the lower expense ratio, Axis Floating Interest Rates Fund or JioBlackRock Short Term Fund?
Axis Floating Interest Rates Fund charges less: 0.22% a year against 0.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Floating Interest Rates Fund and JioBlackRock Short Term Fund overlap?
18.5%. They hold 4 of the same securities, the largest shared ones being 6.94% Government of India (11/05/2036), 6.95% REC Limited (18/02/2028), Canara Bank (12/03/2027). From each fund's latest monthly portfolio.
Which is riskier, Axis Floating Interest Rates Fund or JioBlackRock Short Term Fund?
On SEBI's riskometer, Axis Floating Interest Rates Fund is rated High and JioBlackRock Short Term Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 1.73% and 1.00% a year.
Can I invest in both Axis Floating Interest Rates Fund and JioBlackRock Short Term Fund?
Yes. 18.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Floating Interest Rates Fund and JioBlackRock Short Term Fund?
Axis Floating Interest Rates Fund: Aditya Pagaria, Hardik Shah. JioBlackRock Short Term Fund: Arun Ramachandran, Vikrant Mehta, Siddharth Deb.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.