Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Axis Floater Fund - Direct Plan - Monthly IDCW
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 4/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 89/100 · Excellent
How this score is calculated
- Star rating (35%)4/5
- 3Y CAGR (30%)34.94%
- Expense ratio (20%)0.3%
- AUM (15%)₹3,191 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Axis Mutual Fund · Commodities · Gold
₹47.38
AUM: ₹3,190 Cr
NAV updated 10 days ago
Plan
Direct
Option
Idcw
Expense Ratio
0.3%
Exit Load
Exit load of 1%, if redeemed within 15 days.
Fund Manager
Devang Shah
Inception
Jan 2013
Benchmark
Domestic Price of Gold
Sharpe Ratio
-2.14
Std Dev (1Y)
2.95%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-1.72%
3m
+0.42%
6m
-3.16%
1y
+36.32%
3y
+34.94%
5y
+25.18%
10y
+15.91%
since inception
+0.12%
TopFund's Take on Axis Floater Fund - Direct Plan - Monthly IDCW
Axis Floater Fund - Direct Plan - Monthly IDCW ranks among the stronger performers in the Gold category, backed by a 4-star rating. Consistent 3-year performance combined with a strong rating makes this one of the more credible options in its space. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 89/100.
Cost: At 0.3%, the expense ratio runs 58% above the Gold category average of 0.19%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -2.14 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 2.95% is on the lower side for a Gold fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Commodities fund.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Axis Floater Fund - Direct Plan - Monthly IDCW
The current NAV (Net Asset Value) of Axis Floater Fund - Direct Plan - Monthly IDCW is ₹47.38. NAV is updated every business day after market close by AMFI.
1Y: 36.32% · 3Y CAGR: 34.94% · 5Y CAGR: 25.18%
The expense ratio of Axis Floater Fund - Direct Plan - Monthly IDCW is 0.3% per annum. This is the annual fee charged by the fund to manage your investment.
Axis Floater Fund - Direct Plan - Monthly IDCW is managed by Devang Shah at Axis Mutual Fund.
Axis Floater Fund - Direct Plan - Monthly IDCW is classified as a Gold risk fund. It is suitable for investors with a moderate risk appetite.
Axis Floater Fund - Direct Plan - Monthly IDCW is a Gold fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Axis Floater Fund - Direct Plan - Monthly IDCW with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Axis Floater Fund - Direct Plan - Monthly IDCW is ₹3,191 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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