Wednesday, April 20

Float with these Floating Rate Funds

Floating...

 

When interest rates are high, interest payments in floating rate instruments also go higher. Several floating rate funds have done well recently with increasing rates. Floating rate instruments give a market related rates of return without much added price volatility.

 

The following are some good floating rate mutual funds and their historical performance (absolute return%).

 

FUND AUM (Rs Cr) NAV 1wk 1mo 3mo 6mo 1yr 2yr 3yr 5yr
HDFC Float Rate Inc-LTP 1,501.46 16.97 0.1 1.4 2.8 4.3 7 14.5 25.8 45.4
Birla SL FRF - LTP - RP 218.84 16.89 0.1 0.8 2 3.8 6.7 15.1 25.3 45.9
Reliance Floating Rate 2,739.10 15.53 0.1 1.2 2.5 3.9 6.9 12.1 22.2 42.4
Can Robeco Float Rate-STP 142.16 15.27 0.1 0.8 2.2 4.1 7.1 12.2 22.5 42.7
Tata Floater Fund 6,303.53 14.72 0.1 0.8 2.1 4 7 12.2 22.4 42.6
Kotak Floater LTP 3,482.74 15.64 0.1 0.8 2.1 4 6.8 12.2 22.2 43.1

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