Floating Interest Rates Funds Compared
Every floating interest rates mutual fund's 1, 3 and 5-year return, SIP return and record against the Nifty 50, ranked by a stated measure, from AMFI NAVs.
As of 30 Sep 2026, there are 12 floating interest rates funds with at least 3 years of NAVs. Over 5 years their direct plans returned a median 6.8% a year. The highest 5-year return was Axis Floating Interest Rates Fund at 7.2% a year.
All floating interest rates funds, ranked by 5-year return
| # | Fund | 1y | 3y | 5y | 10y | 5y regular | 5y SIP XIRR | Expense ratio (direct) |
|---|---|---|---|---|---|---|---|---|
| 1 | Axis Floating Interest Rates Fund | 7.0% | 8.3% | 7.2% | — | 6.8% | 7.7% | 0.22% |
| 2 | Franklin India Floating Interest Rates Fund | 6.4% | 8.0% | 7.2% | 6.9% | 6.4% | 7.7% | 0.38% |
| 3 | ICICI Prudential Floating Interest Rates Fund | 6.6% | 7.7% | 7.0% | 7.6% | 6.3% | 7.6% | 0.29% |
| 4 | HDFC Floating Interest Rates Fund | 5.8% | 7.5% | 6.8% | 7.2% | 6.6% | 7.3% | 0.27% |
| 5 | Aditya Birla Sun Life Floating Interest Rates Fund | 6.1% | 7.4% | 6.8% | 7.2% | 6.5% | 7.2% | 0.25% |
| 6 | Bandhan Floating Interest Rates Fund | 6.6% | 7.8% | 6.8% | — | 6.2% | 7.4% | 0.09% |
| 7 | Tata Floating Interest Rates Fund | 6.3% | 7.4% | 6.7% | — | 6.3% | 7.1% | 0.32% |
| 8 | SBI Floating Interest Rates Fund | 6.3% | 7.4% | 6.7% | — | 6.5% | 7.2% | 0.28% |
| 9 | Kotak Floating Interest Rates Fund | 5.7% | 7.7% | 6.7% | — | 6.3% | 7.3% | 0.24% |
| 10 | DSP Floating Interest Rates Fund | 5.5% | 7.7% | 6.6% | — | 6.4% | 7.2% | 0.28% |
| 11 | Nippon India Floating Interest Rates Fund | 5.3% | 7.4% | 6.6% | 7.2% | 6.2% | 7.0% | 0.35% |
| 12 | UTI Floating Interest Rates Fund | 6.1% | 7.1% | 6.3% | — | 5.8% | 6.8% | 0.44% |
Direct plans, Growth option, to 30 Sep 2026. Funds that closed or merged are not in AMFI's current list, so the category looks a little better than investors actually did (survivorship). Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund. Other categories: all mutual fund categories.
Key takeaways
Frequently asked questions
Which floating interest rates fund has given the highest returns?
Over the 5 years to 30 Sep 2026, Axis Floating Interest Rates Fund (direct plan) at 7.2% a year. Past returns do not predict future ones.
What is the average return of floating interest rates funds?
The median direct plan returned 6.8% a year over 5 years to 30 Sep 2026.