Bonds whose interest moves with rates. At least 65% in debt whose interest rate resets with the market. Called Floater until SEBI renamed the debt categories in 2026.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are Axis Floating Interest Rates Fund (+8.0% a year), DSP Floating Interest Rates Fund (+7.2% a year) and Franklin India Floating Interest Rates Fund (+7.2% a year). Past returns do not tell you future returns.
| +6.2% | +8.0% | +6.8% | 1/12 | 0.52% | ₹145 cr | |
| +4.4% | +7.2% | +6.2% | 2/12 | 0.56% | ₹312 cr | |
Franklin India Floating Interest Rates Fund Franklin Templeton | +5.2% | +7.2% | +6.4% | 3/12 | 0.95% | ₹261 cr |
| +6.0% | +7.2% | +6.5% | 4/12 | 0.42% | ₹669 cr | |
| +5.0% | +7.1% | +6.6% | 5/12 | 0.50% | ₹15,514 cr | |
Aditya Birla Sun Life Floating Interest Rates Fund Aditya Birla Sun Life | +5.5% | +7.1% | +6.6% | 6/12 | 0.43% | ₹12,943 cr |
Kotak Floating Interest Rates Fund Kotak Mahindra | +4.7% | +7.1% | +6.3% | 7/12 | 0.62% | ₹2,984 cr |
| +5.3% | +7.1% | +6.2% | 8/12 | 0.76% | ₹211 cr | |
ICICI Prudential Floating Interest Rates Fund ICICI Prudential | +5.1% | +7.0% | +6.4% | 9/12 | 0.85% | ₹8,040 cr |
Nippon India Floating Interest Rates Fund Nippon India | +4.2% | +6.9% | +6.2% | 10/12 | 0.65% | ₹7,448 cr |
| +5.0% | +6.8% | +6.2% | 11/12 | 0.70% | ₹118 cr | |
| +5.2% | +6.5% | +5.8% | 12/12 | 0.87% | ₹1,605 cr |
Answered from the figures above, updated every business day
12 funds, managing ₹50,251 cr between them as of 3 Nov 2026. The largest is HDFC Floating Interest Rates Fund, at ₹15,514 cr.
The average Floating Interest Rates fund returned +5.1% over the last year, +7.1% a year over three years, +6.4% a year over five years. Over the last year the funds ranged from +4.2% to +6.2%. Past returns do not tell you future returns.
SBI Floating Interest Rates Fund, at 0.42% a year, against 0.64% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.
Axis Floating Interest Rates Fund, at +8.0% a year over the last three years, against +7.1% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 1.0%: the higher it is, the more the price swings from day to day. 7 of 12 carry the riskometer level Moderate, on SEBI's six-step scale from Low to Very High.
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NAV, expense ratio and fund disclosures as published by AMFI and the fund houses; prices as of 3 Nov 2026. Figures are computed independently and may differ from a fund house's own factsheet.
DiscoverMF is an information and analytics service. Nothing here is investment advice, a recommendation, or an offer to buy or sell any scheme. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance does not indicate future returns.