Tata Floating Rate Fund-Regular Plan-IDCW Quarterly Payout

Tata Floating Rate Fund-Regular Plan-IDCW Quarterly Payout sits in the middle of the pack for Floater Fund funds, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 55/100.

Cost: At 0.31%, the expense ratio is roughly in line with the Floater Fund category average of 0.29% — cost isn't a standout factor either way for this fund.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.7 — 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 0.89% is on the lower side, suggesting a comparatively smoother ride.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Debt fund.