Axis Mutual Fund launches ‘Axis Floater Fund'.

one of the fastest-growing fund houses in India, today announced the launch of their new fund offer – ‘Axis Floater Fund’. The fund offers efficient solutions for short term investors looking to navigate a possible rising interest rate environment and also an ideal parking solution for their investment. The fund will be actively managed by Mr. Aditya Pagaria, Fund Manager –Fixed Income.

Introducing ‘Axis Floater Fund’

• A well-crafted portfolio with an efficient way to park money: The new fund offer is crafted with a dynamic mix of high-quality instruments & AA issuers. It targets a portfolio average maturity of 6-18 months. This makes it suitable for investors looking to park short-term surplus funds or for those looking to limit the interest rate risks in their debt portfolio

• Superior risk rewards: The fund attempts to offer better risk reward opportunities over other traditional alternatives in the short term space

• Managing interest rate risks: Axis Floater Fund is an actively managed portfolio of floating rate instruments and fixed rate bonds that are swapped for floating rate characteristics through swaps. The floating rate strategies aim to manage interest rate risks by investing in bonds where the coupon is linked to market movements

• Portfolio structure: Target 80% AAA/A1 + along with 20% allocation to AA issuers to capture opportunities across the debt market