July 17, 2026
mayank
Aditya Birla (ABSL) Floating Rate Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 381.67 |
| Daily NAV IDCW (Rs.) | 100.07 |
| Weekly NAV IDCW (Rs.) | 100.91 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 1,000 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY Low Duration Debt Index A-I |
| AUM Rs. | 13,519 Cr |
| (As on 30-Jun-2026) | |
| Expense | 0.21% |
| 1 Year Return (%) | 6.11 |
| 3 Year Return (%) | 7.54 |
| 5 Year Return (%) | 6.73 |
| 10 Year Return (%) | 7.28 |
| Return Since Launch | 7.88% |
Suitable For Which Investors?
Floater funds are suitable for:
1. Debt allocation in your long-term portfolio
2. Earning marginally higher returns than fixed deposits, with low volatility and flexibility to redeem anytime
3. Investment horizon of 2-3 years
Note:
• These funds invest in bonds whose interest rate changes with the prevailing interest rates in the economy
• Not suitable for long-term wealth creation
Fund’s Investment Strategy:
The scheme aims to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, it may also invest a portion of its net assets in fixed rate debt securities and money market instruments.
Fund Manager:
1) Harshil Suvarnkar
Education: Mr. Suvarnkar has doneB.Com, Masters in Management Studies (Finance) and Post Graduate Diploma in Securities Law.
Experience: Prior to Joining Aditya Birla Sun Life MF, he has worked with Indiabulls Housing Finance Limited.
2) Kaustubh Gupta
Education: Mr. Gupta is a B.Com and a Chartered Accountant.
Experience: Prior to joining Aditya Birla Sun Life AMC he has worked with ICICI Bank.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Aditya Birla (ABSL) Floating Rate Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.88% |
| Benchmark | NIFTY Low Duration Debt Index A-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | 13,519 Cr |
| (As on 30-Jun-2026) | |
| Expense | 0.21% |
| (As on 30-Jun-2026) | |
| Risk Grade | Low |
| Return Grade | Below Average |
Aditya Birla (ABSL) Floating Rate Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Floating Rate Dir | 3.24 | 0.05 | 0.61 | 1.57 | 3.25 | 6.11 | 7.54 | 6.73 | 6.90 | 7.28 |
| Debt: Floater | 3.61 | 0.07 | 0.80 | 1.94 | 3.67 | 6.25 | 7.89 | 6.83 | 7.10 | 7.35 |
| Rank within category | 10 | 8 | 10 | 12 | 11 | 8 | 11 | 8 | 6 | 4 |
| Number of funds in category | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 11 | 7 | 5 |
Peer Comparison of Aditya Birla Floating Rate Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| ABSL Floating Rate Dir | 4 out of 5 stars | 6.11 | 7.54 | 6.73 | 0.21 | 13,519 | 7.88 | — | 13Y 6M |
| HDFC Floating Rate Debt Dir | 4 out of 5 stars | 6.20 | 7.85 | 6.91 | 0.23 | 16,452 | 7.83 | — | 13Y 6M |
| ICICI Pru Floating Interest Dir | 4 out of 5 stars | 6.86 | 8.18 | 7.23 | 0.26 | 8,011 | 8.23 | — | 13Y 6M |
| Kotak Floating Rate Dir | 4 out of 5 stars | 6.22 | 7.98 | 6.89 | 0.20 | 3,102 | 7.28 | — | 7Y 2M |
| Nippon India Floater Dir | 3 out of 5 stars | 5.76 | 7.70 | 6.65 | 0.30 | 7,626 | 7.88 | — | 13Y 6M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 212 | 67 |
| Macaulay Duration (yrs) | 0.94 | 2.07 |
| Average Maturity (yrs) | 1.60 | 3.84 |
| Yield to Maturity (%) | 7.66 | 7.78 |
| Avg Credit Rating | AAA | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
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