Tata Floating Rate Fund Direct - IDCW Periodic
(Scheme Rating)
NAV as of Aug 30, 2024
12.090.00%
- IDCW Periodic - Direct
(Earn upto 0.43% Extra Returns with Direct Plan)
Fund Category:
Debt: Floater
Expense Ratio:
0.30%(0.29% Category
average)Fund Size:
Rs. 215.33 Cr(0.40% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Tata Floating Rate Fund Direct - IDCW Periodic
(Scheme Rating)
NAV as of Aug 30, 2024
12.090.00%
Expense Ratio:
0.30%
Fund Size:
Rs. 215.33 Cr
Fund Category:
Debt: Floater
1. Current NAV: The Current Net Asset Value of the Tata Floating Rate Fund - Direct Plan as of Aug 30, 2024 is Rs 12.09 for IDCW Periodic option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.67% (1yr), 6.28% (3yr) and 6.2% (since launch). Whereas, Category returns for the same time duration are: 7.95% (1yr), 5.94% (3yr) and 6.39% (5yr).
3. Fund Size: The Tata Floating Rate Fund - Direct Plan currently holds Assets under Management worth of Rs 215.33 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.3% for Direct plan as on Aug 08, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Tata Floating Rate Fund Direct - IDCW Periodic Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.64 2.02 3.99 7.58 6.27 - Category Avg 0.71 2.26 4.33 7.92 5.93 6.39 Rank within Category 11 11 12 12 8 - No. of funds within Category 13 13 13 13 12 7 - Loading...
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Return Comparison
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Tata Floating Rate Fund Direct - IDCW Periodic Fund Details
Investment Objective - The scheme seeks to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.
Fund House | Tata Mutual Fund |
Launch Date | Jul 07, 2021 |
Benchmark | CRISIL Short Duration Debt A-II Index |
Return Since Launch | 6.2% |
Riskometer | Low to Moderate |
Type | Open-ended |
Risk Grade | Below Average |
Return Grade | Below Average |
Tata Floating Rate Fund Direct - IDCW Periodic Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 1.8 | 1.8 | 0.8115 | 1.8 |
Average Maturity(Yrs) | 2.8 | 2.8 | 0.9972 | 2.8 |
Yield to Maturity(%) | 7.73 | 8.4 | 7.73 | 7.73 |
Avg Credit Rating | Average | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 14.12 | 14.12 |
Low Risk | 80.94 | 80.94 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 4.94 | 4.94 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | - | - |
CD | - | - |
T-Bills | - | - |
CP | - | - |
NCD & Bonds | 80.94 | 80.94 |
PTC | - | - |
Cash & Others | 19.06 | 19.06 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
REC Ltd | Long-term Debt | Financial | AAA | 199.61 | 9.27 | 200 |
7.5% National Bank For Agriculture & Rural Development 17/12/2025 | Long-term Debt | Financial | AAA | 199.38 | 9.26 | 200 |
7.45% Karnataka State 20/03/2037 | Long-term Debt | Others | SOV | 151.91 | 7.05 | 15,00,000 |
7.59% National Housing Bank 08/09/2027 | Long-term Debt | Financial | AAA | 150.45 | 6.99 | 1,500 |
ICICI Home Finance Company Ltd | Long-term Debt | Financial | AAA | 150.00 | 6.97 | 150 |
7.47% Small Industries Devp Bank of India Ltd 25/11/2025 | Long-term Debt | Financial | AAA | 149.44 | 6.94 | 150 |
HDB Financial Services Ltd | Long-term Debt | Financial | AAA | 147.44 | 6.85 | 150 |
8.95% Reliance Industries Ltd 09/11/2028 | Long-term Debt | Energy | AAA | 104.94 | 4.87 | 100 |
8.6% Cholamandalam Investment and Finance Company Ltd 05/03/2029 | Long-term Debt | Financial | AA+ | 100.19 | 4.65 | 1,000 |
9.25% Shriram Finance Ltd 19/12/2025 | Long-term Debt | Financial | AA+ | 100.09 | 4.65 | 1,000 |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Tata Floating Rate Fund Direct - IDCW Periodic 12.09 215.33 0.64 7.58 6.27 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
0.61VS0.90Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
1.03VS1.55Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.82VS0.67Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
0.48VS0.40Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
2.61VS3.76Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
6.03VS6.14Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
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Fund Manager
- A.M.Akhil MittalSince Jun 20210 schemes
Mr. Mittal is B.Com (H) and MBA from University Business School. Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis India Ltd.
No schemes for the Fund Manager
More Tata Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Tata Liquid Fund Direct-Growth | 21,011.58 | 0.60 | 1.87 | 3.76 | 7.37 | 5.77 | |
Tata Money Market Fund Direct-Growth | 18,756.93 | 0.65 | 2.00 | 4.05 | 7.74 | 6.22 | |
Tata Arbitrage Fund Direct - Growth | 11,828.86 | 0.72 | 2.15 | 4.44 | 8.53 | 6.37 | |
Tata Balanced Advantage Fund Direct - Growth | 9,275.70 | 2.81 | 6.10 | 10.77 | 23.10 | 14.65 | |
Tata Digital India Fund Direct-Growth | 9,223.32 | 4.40 | 1.60 | 5.97 | 34.79 | 15.62 | |
Tata Equity PE Fund Direct-Growth | 7,904.83 | 6.51 | 18.90 | 23.00 | 52.92 | 26.81 | |
Tata Large & Mid Cap Fund Direct Plan-Growth | 7,285.94 | 6.28 | 13.09 | 18.01 | 33.34 | 20.86 | |
Tata Small Cap Fund Direct - Growth | 7,083.38 | 5.53 | 23.80 | 21.50 | 46.04 | 29.63 | |
Tata ELSS Tax Saver Fund Direct-Growth | 4,199.87 | 7.90 | 14.75 | 15.66 | 37.23 | 21.06 | |
Tata Overnight Fund Direct - Growth | 3,907.60 | 0.56 | 1.67 | 3.36 | 6.84 | 5.42 |
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1. Tata Floating Rate Fund - Direct Plan is Open-ended Floater Debt scheme which belongs to Tata Mutual Fund House.
2. The fund was launched on Jul 07, 2021.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. "
2. It is benchmarked against CRISIL Short Duration Debt A-II Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Tata Floating Rate Fund - Direct Plan is 2.8 years and Duration is 1.8 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Tata Floating Rate Fund Direct - IDCW Periodic
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
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- Tata Floating Rate Fund Regular - IDCW Monthly
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- Tata Floating Rate Fund Direct - IDCW Periodic
- Tata Floating Rate Fund Direct - IDCW Quarterly
- Tata Floating Rate Fund Direct - IDCW Monthly
- Tata Floating Rate Fund Direct - Growth
FAQs about Tata Floating Rate Fund Direct - IDCW Periodic
- Is it safe to invest in Tata Floating Rate Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Tata Floating Rate Fund - Direct Plan comes under Low to Moderate risk category.
- What is the category of Tata Floating Rate Fund - Direct Plan?Tata Floating Rate Fund - Direct Plan belongs to the Debt : Floater category of funds.
- How Long should I Invest in Tata Floating Rate Fund - Direct Plan?The suggested investment horizon of investing into Tata Floating Rate Fund - Direct Plan is <1 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Tata Floating Rate Fund - Direct Plan?The Tata Floating Rate Fund - Direct Plan is managed by Akhil Mittal (Since Jun 21, 2021).
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