Best Floating Interest Rates Fund Mutual Funds
We currently track 12 direct-plan Floating Interest Rates Fund schemes from 12 fund houses with a median 5-year CAGR of 6.7%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.
Showing 12 of 12 schemes · sorted by Y5 high to low · page 1 of 1
- Franklin India Floating Interest Rates Fund - Direct Plan - GrowthFranklin Templeton · Debt₹48.23#11Y+6.11%3Y+8.03%5Y+7.12%10Y+6.92%
- Axis Floating Interest Rates Fund - Direct Plan - Growth OptionAxis · Debt₹1,423.56#21Y+5.83%3Y+8.29%5Y+7.08%10Y—
- ICICI Prudential Floating Interest Rates Fund - Direct Plan - GrowthICICI Prudential · Debt₹501.86#31Y+6.04%3Y+7.72%5Y+6.96%10Y+7.55%
- HDFC Floating Interest Rates Fund - Direct Plan - Growth OptionHDFC · Debt₹54.90#41Y+5.47%3Y+7.48%5Y+6.78%10Y+7.18%
- Aditya Birla Sun Life Floating Interest Rates Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹386.41#51Y+5.87%3Y+7.40%5Y+6.78%10Y+7.12%
- BANDHAN FLOATING INTEREST RATES FUND - Direct Plan - GrowthBandhan · Debt₹14.26#61Y+6.06%3Y+7.75%5Y+6.76%10Y—
- Tata Floating Interest Rates Fund - Direct Plan - Growth OptionTata · Debt₹14.00#71Y+5.67%3Y+7.37%5Y+6.71%10Y—
- Kotak Floating Interest Rates Fund - Direct Plan - GROWTH OPTIONKotak Mahindra · Debt₹1,668.12#81Y+5.35%3Y+7.63%5Y+6.66%10Y—
- SBI Floating Interest Rates Fund - Direct Plan - GrowthSBI · Debt₹14.49#91Y+5.98%3Y+7.46%5Y+6.63%10Y—
- DSP Floating Interest Rates Fund - Direct Plan - GrowthDSP · Debt₹14.29#101Y+4.81%3Y+7.65%5Y+6.56%10Y—
- Nippon India Floating Interest Rates Fund - Direct Plan - Growth OptionNippon India · Debt₹50.96#111Y+4.81%3Y+7.36%5Y+6.55%10Y+7.14%
- UTI Floating Interest Rates Fund - Direct Plan - GrowthUTI · Debt₹1,688.98#121Y+5.85%3Y+7.05%5Y+6.30%10Y—
Floating Interest Rates Fund funds — frequently asked questions
Which Floating Interest Rates Fund fund has the highest 5-year CAGR?
Franklin India Floating Interest Rates Fund - Direct Plan - Growth currently leads the Floating Interest Rates Fund category with a 5-year CAGR of 7.1%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.
What is a good 5-year return for a Floating Interest Rates Fund fund?
Across the 12 Floating Interest Rates Fund schemes we track, the median 5-year CAGR is 6.7%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.
How is CAGR calculated on this page?
CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.
Why does this list only show direct plans?
Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.