NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

DSP Floater Fund - Growth for NRI [13.67]

Min Investment

₹100

Fund Size

₹405.78 Cr

Expense Ratio

0.5%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹13.67

0.02%

NAV as on 17 Feb 26, 12:00 AM

moderate risk

floating rate

debt

NAV as on 17 Feb 26, 12:00 AM

moderate risk

floating rate

debt

7.12%p.a.

Last 1Y

8.08%p.a.

Last 3Y

0.00%p.a.

Last 5Y

6.56%p.a.

Since Inception

About DSP Floater Fund - Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the DSP Floater Fund - Growth scheme from DSP Investment Managers Private Limited. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Mar 2021, DSP Floater Fund - Growth is Floating Rate fund of its category with 405.78 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.

  • DSP Floater Fund - Growth delivered 7.1% annual returns during the last year. It has delivered 6.6% average annual returns since the fund was launched.
  • DSP Floater Fund - Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

The primary objective of the scheme is to generate regular income through investment predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives).

Top 10 Holdings

Reverse Repo

13.20%

Net Receivables

0.34%

CENTRAL GOVERNMENT LOAN 20388 GOI 07DC31 FLT FV RS 100

14.97%

CENTRAL GOVERNMENT LOAN 23277 GOI 22SP33 FLT FV RS 100

16.93%

GOVERNMENT OF INDIA 31719 GOI 20JU27 7.38 FV RS 100

5.08%

CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD SR 634 8.25 NCD 15MY26 FVRS1LAC

4.47%

MUTHOOT FINANCE LIMITED SR 28-A OP II 8.40 NCD 27JL28 FVRS1LAC

6.48%

Others Class A2 AIF

0.85%

BHARTI TELECOM LIMITED SR XVII 8.95 NCD 04DC26 FVRS1LAC

4.69%

NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT SR NABFID2025-1 7.43 BD 04JL34 FVRS1LAC

5.76%

Fund Managers

  1. Karan Mundhra (Aug 2024 - Present)
  2. Shantanu Godambe (Jun 2023 - Present)

Key Information

View Scheme Document

DSP Floater Fund - Growth SIP Calculator

If invested

₹5,000

per month

For a period of

Investment of ₹0 could have been

₹0(+0.0%)

₹0 (+0.0%)

This Fund

₹0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on DSP Floater Fund - Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in DSP Floater Fund - Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in DSP Floater Fund - Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

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