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Unrated

Tata Floating Rate Fund - Regular Plan


Debt: Floater

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.

They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -- 0.00 0.04 0.28 -- -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.03 0.04 0.20 -- -- -- -- -- -- --
Debt: Floater -- -0.03 0.01 0.34 -- -- -- -- -- -- --
Rank within category -- 1 4 8 -- -- -- -- -- -- --
Number of funds in category 8 12 12 12 10 10 7 5 5 5 5

As on 24-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Tata Floating Rate Fund - Regular Plan
Unrated
Jul-21 -- -- -- 0.72 516
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 6.00 7.85 7.47 0.48 22,077
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 4.95 7.60 7.36 0.42 21,707
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 4.95 7.60 7.36 0.28 21,707
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 6.08 8.77 7.44 0.57 18,784

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.16 11-Aug-2021 - 18-Aug-2021 -0.01 02-Sep-2021 - 09-Sep-2021
Month 0.45 23-Jul-2021 - 23-Aug-2021 0.27 18-Aug-2021 - 17-Sep-2021
Quarter -- - -- -
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: Floater* 7.36 1.24 2.71 4.25 0.68 3.78
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 17 6 96
Modified Duration (yrs) 1.42 1.42 0.88 1.15
Average Maturity (yrs) 2.03 2.03 1.63 2.67
Yield to Maturity (%) 4.48 4.48 3.65 4.43
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.51% GOI 2024 GOI Securities SOV 14.39 - 19.21 14.39
new 8.35% GOI 2022 GOI Securities SOV 0.00 - 10.00 10.00
new 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 8.04 8.04
new Power Finance Corporation 2024 Floating Rate Debenture AAA 0.00 - 6.79 6.79
up Varanasi Sangam Expressway 29/12/2034 Non Convertible Debenture AAA 6.66 - 7.84 6.66
new 4.66% Bajaj Finance 2022 Debenture AAA 0.00 - 5.82 5.82
new 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 5.03 5.03
new 5.35% Telesonic Network 28/04/2023 Debenture AA 0.00 - 4.87 4.87
equal 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 4.86 - 6.47 4.86
new 5.90% Bharti Hexacom 30/04/2024 Debenture AA 0.00 - 4.84 4.84
new 5.85% Tata Capital Financial Services 2024 Debenture AAA 0.00 - 4.84 4.84
equal 6.49% Yarrow Infrastructure 2024 Non Convertible Debenture AAA 2.92 - 3.89 2.92
new 5.60% Bajaj Housing Finance 21/06/2024 Debenture AAA 0.00 - 2.91 2.91
equal Hero FinCorp 19/07/2024 Non Convertible Debenture AA+ 2.90 - 3.87 2.90
equal 9.71% Haryana State 2024 State Development Loan SOV 2.15 - 2.87 2.15
new 8.90% Tata Capital Financial Services 27/09/2023 Bonds AAA 0.00 - 2.07 2.07
new 6.60% Muthoot Finance 20/06/2023 Debenture AA+ 0.00 - 0.98 0.98

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Aug-2021

Fund Manager

— Akhil Mittal since 21-Jun-2021

Education: Mr. Mittal is B.Com (H) and MBA from University Business School.

Experience: Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis India Ltd.

Funds Managed:


0.00%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 10.0846

IDCW Quarterly: ₹ 10.0846

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IDCW Periodic: ₹ 10.0846

IDCW Monthly: ₹ 10.0846


Investment Strategy

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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 07-Jul-2021
Return Since Launch: 0.85%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 516 Cr (As on 31-Aug-2021)
Expense: 0.72% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: --

Contact Information

AMC: Tata Asset Management Private Ltd

Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021

Phone: 1800-209-0101

Email: [email protected]

Website: http://www.tatamutualfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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