# Floater mutual funds compared

Source page: https://www.rudowealth.com/mutual-funds/category/floater-funds

Floater funds put at least 65% of their assets in floating rate instruments, whose interest resets with market rates. (SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.)

All 12 floater funds, Direct plan, Growth option, NAV as of 2026-10-07. Every figure is worked out from each fund's own NAV.

Category averages: 3-year return +7.6% a year, 5-year return +6.8% a year (both annualised), volatility over 3 years 1.3%, expense ratio 0.29%.

| Rank | Fund | 1Y | 3Y (annualised) | 5Y (annualised) | Volatility 3Y | Worst fall 5Y | Expense ratio | Fund size |
|---|---|---|---|---|---|---|---|---|
| 1 | [Axis Floater Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/axis-floater-fund-direct-plan-growth) | +6.4% | +8.4% | +7.2% | 2.6% | -1.3% | 0.23% | ₹149 Cr |
| 2 | [Franklin India Floating Rate Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/franklin-india-floating-rate-fund-direct-growth) | +6.2% | +8.0% | +7.1% | 1.2% | -0.5% | 0.38% | ₹281 Cr |
| 3 | [ICICI Prudential Floating Interest Rates Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/icici-prudential-floating-interest-fund-direct-plan-growth) | +6.3% | +7.8% | +7.0% | 1.0% | -0.9% | 0.29% | ₹9,119 Cr |
| 4 | [HDFC Floating Interest Rates Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/hdfc-floating-rate-debt-fund-direct-plan-growth-option) | +5.6% | +7.5% | +6.8% | 1.1% | -0.5% | 0.27% | ₹16,133 Cr |
| 5 | [Aditya Birla Sun Life Floating Interest Rate Fund-Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-floating-rate-fund-direct-plan-growth) | +6.0% | +7.4% | +6.8% | 0.8% | -0.4% | 0.25% | ₹13,211 Cr |
| 6 | [Bandhan Floating Interest Rates Fund - Direct Plan Growth](https://www.rudowealth.com/mutual-funds/bandhan-floater-fund-direct-plan-growth) | +6.3% | +7.8% | +6.8% | 1.3% | -0.7% | 0.10% | ₹228 Cr |
| 7 | [Tata Floating Rate Fund -Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/tata-floating-rate-fund-direct-plan-growth) | +5.9% | +7.4% | +6.7% | 1.2% | -0.6% | 0.32% | ₹114 Cr |
| 8 | [Kotak Floating Interest Rates Fund-Direct Plan-Growth Option](https://www.rudowealth.com/mutual-funds/kotak-floating-rate-fund-direct-plan-growth-option) | +5.5% | +7.7% | +6.7% | 1.2% | -1.1% | 0.24% | ₹3,425 Cr |
| 9 | [SBI Floating Interest Rates Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/sbi-floating-rate-debt-fund-direct-plan-growth) | +5.9% | +7.4% | +6.7% | 1.0% | -0.6% | 0.28% | ₹688 Cr |
| 10 | [DSP Floating Interest Rates Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/dsp-floater-fund-direct-plan-growth) | +5.2% | +7.8% | +6.6% | 1.6% | -0.5% | 0.28% | ₹321 Cr |
| 11 | [Nippon India Floating Interest Rates Fund  - Direct Plan Growth Plan - Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-floater-fund-direct-plan-growth-plan-growth-option) | +5.0% | +7.4% | +6.6% | 1.3% | -0.6% | 0.36% | ₹7,508 Cr |
| 12 | [UTI Floating Interest Rates Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/uti-floater-fund-direct-plan-growth-option) | +6.0% | +7.1% | +6.3% | 0.8% | -0.3% | 0.44% | ₹1,575 Cr |

Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. We do not label any fund as the best.

Investing from the UAE: NRIs can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.

---
RuDo Wealth is a fee-only cross-border advisory operating through two separate companies. India: RuDo Wealth Investment Advisory, SEBI Registered Investment Adviser, registration INA000019503. UAE: RuDo Digital Wealth, FSRA Financial Services Permission 220155, Category 3C (Retail), ADGM. The entity permitted to serve you depends on your country of residence.

General information, not a recommendation to buy or sell any fund. Past performance does not indicate future returns.