Fundalysisby DARKHORSESTOCKS

Scheme

Axis Floating Interest Rates Fund

Holds 3 companies worth ₹8.2 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹149 CrAxis Floating Interest Rates Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 0.3% on Aug 2026, ₹149 Cr.

  • Largest holding

    Bharat Highways InvitBharat Highways Invit is 2.9% of this scheme's NAV.

  • Fund manager

    Aditya PagariaRuns its co-manager part since 29 Jul 2021, as the fund house dates it. With Hardik Shah (co-manager).

Overview(28 Sept 2026)

Fund managers2

  1. Aditya PagariaCo-manager, debt · Jul 2021 · 15y · PGDM
  2. Hardik ShahCo-manager, debt · Jan 2022 · 14y · MBA B.E.

    Key facts

    Benchmark
    NIFTY Medium to Long Duration Debt Index A-III
    Risk
    High
    Expense
    Regular 0.53% · Direct 0.23%
    Exit load
    Nil
    Started
    29 Jul 2021
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 28 Sept 2026 at AMFI.

    What changed(12 changes)

    Sept 2026

    4 changes
    1. Category
      28 SeptFloater Fund → Floating Interest Rates Fund
    2. Renamed
      22 SeptAxis Floater Fund → Axis Floating Interest Rates Fund
    3. Expense ratio
      10 SeptRegular 0.51% → 0.53%Direct 0.21% → 0.23%
    4. Riskometer
      10 SeptModerate → High

    May 2026

    2 changes
    1. Expense ratio
      17 MayRegular 0.49% → 0.51%Direct 0.19% → 0.21%
    2. Riskometer
      17 MayModerately High → Moderate

    Sept 2025

    2 changes
    1. Expense ratio
      26 SeptRegular 0.53% → 0.49%
    2. Riskometer
      26 SeptModerate → Moderately High

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Jul 2021 – now)

    1. Aditya Pagaria
    2. Hardik Shah
    MainCoSlice20222023202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Sept 2026)

    Every change to the expense ratio, newest first.
    8 changesRegularDirectΔ pt
    10 Sept 20260.53%0.23%0.02
    17 May 20260.51%0.21%0.02
    26 Sept 20250.49%0.19%0
    4 Jun 20250.53%0.19%0.01
    9 Apr 20250.54%0.20%0.01
    10 Feb 20250.53%0.19%0.01
    16 Oct 20240.53%0.20%0.01
    21 Aug 20240.54%0.21%–
    Direct plan, 10 Sept 2026
    0.23%
    Regular plan 0.53% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(28 Sept 2026)

    Objective

    To generate regular income through investment in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

    Risk, type and benchmark

    Riskometer
    High
    At launch
    Moderate
    Risk class
    B-III: moderate credit risk, relatively high interest-rate risk
    Type
    An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/derivatives)References to Page Nos for Macaulay Duration below the Type of scheme, if any shall stand deleted.
    Benchmark
    NIFTY Medium to Long Duration Debt Index A-III

    Asset allocation it may hold% of NAV

    1. Floating Rate Debt Instruments (including Fixed Rate Debt Instruments swapped for floating rate returns)
      Allowed65–100%
    2. Debt and Money Market Instruments
      Allowed0–35%
    3. Units issued by InvITs
      Allowed0–10%Holds5.5%

    Holds in Sept 2026.94.5% debt and cash · 5.5% REITs and InvITs

    How to invest(28 Sept 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    Systematic
    SIP - Daily / Weekly / Monthly / Yearly SWP - Weekly / Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
    Dates
    SIP - Except 29,30 and 31 all dates, SWP - Any Business Day, STP - Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25
    Minimum
    SIP Daily, Weekly - 100, Monthly 1000.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00, then in multiples of ₹1
    Instalments
    SIP Daily -6, Weekly - 6, Monthly - 6 SIP - Yearly - 3 SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2.

    Selling and switching

    Scheme details(28 Sept 2026)

    What it is

    Category
    Floating Interest Rates Fund
    Offer
    12 Jul 2021 to 26 Jul 2021
    Started
    29 Jul 2021
    Reopened
    2 Aug 2021
    Plans
    Direct Daily IDCW · Direct Growth · Direct Monthly IDCW · Direct Quarterly IDCW · Direct Annual IDCW · Regular Daily IDCW · Regular Growth · Regular Monthly IDCW · Regular Quarterly IDCW · Regular Annual IDCW
    Face value
    ₹1,000
    Listed
    Unlisted

    How it is run

    Swing pricing
    Yes
    Side-pocketing
    Yes
    Custodian
    DEUTSCHE BANK AG
    Auditor
    B S R & Co. LLP
    Registrar
    Kfintech Ltd
    SEBI code
    AXIS/O/D/FLF/21/03/0053