Tata Floating Rate Fund
Floater Fund · Tata Asset Management Limited
Among the 100 similar floater funds we track, this one has grown money faster than most. ₹1 lakh invested 5 years ago would be about ₹1.4 lakh today. Investing ₹10,000 every month for the last 5 years would have put in ₹6.1 lakh and grown it to about ₹7.3 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹99,430. Its ride has historically been comparatively steady.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.Tata Floating Rate Fund is a floater fund from Tata Asset Management Limited. It has a track record of about 5.2 years. As of the latest data it carries an RS rating of 73/99 (its recent momentum versus category peers) and a King Score of 83/100 (a long-term quality composite). The current NAV is ₹13.98 (as of 2026-09-16).
Growth of ₹100 - last 5 years
Tata Floating Rate Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | 0.25% | 0.08% |
| 3 months | 1.46% | 1.61% |
| 6 months | 3.07% | 3.19% |
| 1 year | 6.58% | 6.45% |
| 3 years (CAGR) | 7.47% | 7.66% |
| 5 years (CAGR) | 6.75% | 6.79% |
The last 5 years return is 6.75% a year (₹1 lakh → ₹1.4 lakh), and the last 3 years return is 7.47% - behind its category's 7.66% average by 0.2 points. Its trailing one-year return is 6.58%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | Tata Floating Rate Fun | Benchmark |
|---|---|---|
| 2022 | +4.9% | n/a |
| 2023 | +7.4% | n/a |
| 2024 | +8.3% | n/a |
| 2025 | +8.0% | n/a |
| 2026 | +4.2% | n/a |
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in Tata Floating Rate Fund would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹412,261 | 7.15% |
| 5 years | ₹610,000 | ₹731,528 | 7.2% |
Over 5 years, ₹610,000 invested in monthly instalments would have grown to about ₹731,528 - an XIRR of 7.2%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -0.57% | -1.33% |
| Worst drawdown (3Y) | -0.45% | -0.48% |
| Volatility (1Y) | 1.15% | 1.41% |
| Sharpe (3Y) | 1.07 | 1.2 |
| Bull-market return | 7.5% | 7.47% |
| Bear-market return | 8.1% | 8.88% |
Timing matters more than people admit: the best possible 1-year stretch in Tata Floating Rate Fund (starting 2024-06-06) gained 10.0%, while the worst (starting 2021-07-20) still made 3.8%. The worst peak-to-bottom fall Tata Floating Rate Fund has ever put investors through is -0.57% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about 8.1% annualised, versus 7.5% in rising markets.
How Tata Floating Rate Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), Tata Floating Rate Fund has historically returned about 8.1% annualised, versus roughly 7.5% when the market is rising. Its deepest fall on record is -0.57%. Right now it sits about 0.05% below its all-time high (last hit 2026-09-11). The real question isn't the average year - it's whether you could hold on through the worst one.
How Tata Floating Rate Fund ranks in its category
Percentile versus its ~100 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 7.59% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 6.11% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Tata Floating Rate Fund returned a median of 7.59% a year, and 100.0% of those windows were positive.
Who manages Tata Floating Rate Fund - and how good are they?
Tata Floating Rate Fund is managed by Akhil Mittal. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Akhil Mittal's full record
Akhil Mittal currently runs 3 funds, across Floater Fund, Gilt Fund, Low Duration Fund, with about ₹2,757 Cr under management. The book's average King Score is 78.7/100. This fund is the highest-scored fund they run (King 83/100).
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tata Floating Rate Fund (this page) | 73 | 83 | 1.5% | 3.1% | 6.6% | 7.5% | 6.8% | n/a | 1.07 | 7.6% | -0.6% |
| 2 | Tata Treasury Advantage Fund | 98 | 77 | 1.8% | 3.4% | 6.6% | 7.3% | 6.5% | 6.2% | 1.39 | 6.1% | -5.1% |
| 3 | Tata Gilt Securities Fund | 87 | 76 | 1.6% | 2.6% | 3.6% | 6.4% | 5.9% | 6.6% | -0.03 | 7.6% | -10.4% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.27% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹5000 |
| Fund size (AUM) | ₹37 Cr |
| Age | 5.2 years |
| Plan / Option | Direct · Growth |
How Tata Floating Rate Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| DSP Floater Fund | 50 | 87 | 7.7% |
| Bandhan Floater Fund | 95 | 86 | 7.8% |
| Franklin India Floating Rate Fund | 91 | 86 | 8.1% |
| ICICI Prudential Floating Interest Fund | 84 | 82 | 7.8% |
| HDFC Floating Rate Debt Fund | 67 | 81 | 7.5% |
| Axis Floater Fund | 99 | 80 | 8.3% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
Tata Floating Rate Fund review: the bottom line
Related
Frequently asked questions
Is Tata Floating Rate Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Tata Floating Rate Fund scores 83/100 on our King Score and RS 73/99 within its category, has compounded 7.47% a year over three years, and its worst drawdown was -0.57%. Compare those against your needs and the peer table above.
What is the NAV of Tata Floating Rate Fund today?
The latest NAV is ₹13.98 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of Tata Floating Rate Fund?
The Direct-plan expense ratio is 0.27% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of Tata Floating Rate Fund?
Tata Floating Rate Fund is managed by Akhil Mittal.
Is Tata Floating Rate Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -0.57% - ₹1 lakh briefly becoming about ₹99,430. As a debt fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is Tata Floating Rate Fund good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 5 years grew ₹6.1 lakh into about ₹7.3 lakh (XIRR 7.2%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of Tata Floating Rate Fund?
A ₹10,000/month SIP over 5 years would have grown to about ₹731,528 (an XIRR of 7.2%) on ₹610,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does Tata Floating Rate Fund rank among similar funds?
On 3-year returns it sits around the 85th percentile of its category, and its consistency ranks 74th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is Tata Floating Rate Fund tax-efficient / what about capital gains?
As a debt fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See Tata Floating Rate Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.