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

INVEST VIA NRE/NRO

Tata Floating Rate Fund - Growth for NRI [13.25]

Min Investment

₹5,000

Fund Size

₹136.73 Cr

Expense Ratio

0.7%

Exit Load

0%

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

₹13.25

0.01%

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

7.38%p.a.

Last 1Y

7.40%p.a.

Last 3Y

0.00%p.a.

Last 5Y

6.28%p.a.

Since Inception

About Tata Floating Rate Fund - Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Tata Floating Rate Fund - Growth scheme from Tata Asset Management Private Limited. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Jul 2021, Tata Floating Rate Fund - Growth is Floating Rate fund of its category with 136.73 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.

  • Tata Floating Rate Fund - Growth delivered 7.4% annual returns during the last year. It has delivered 6.3% average annual returns since the fund was launched.
  • Tata Floating Rate 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 objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn‘t assure or guarantee any returns.

Top 10 Holdings

Repo

7.47%

Cash/Net Current Assets

1.73%

REC Ltd SR-140 Bonds 7.52 07/11/2026

7.32%

RELIANCE INDUSTRIES LIMITED SERIES H 8.95 NCD 09NV28 FVRS10LAC

7.69%

CENTRAL GOVERNMENT LOAN 31280 GOI 17JN32 6.54 FV RS 100

3.64%

Others Class A2 AIF

0.59%

SHRIRAM FINANCE LIMITED SR PPD XII OP I TR I 8.75 NCD 05OT26 FVRS1LAC

3.67%

Maharastra State Government Securities (20/03/2037)

3.67%

STATE DEVELOPMENT LOAN 34106 KAR 20MR37 7.45 FV RS 100

10.94%

NATIONAL HOUSING BANK 7.59 BD 08SP27 FVRS1LAC

7.37%

Fund Managers

  1. Akhil Mittal (Jun 2021 - Present)

Key Information

View Scheme Document

Tata Floating Rate 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 Tata Floating Rate 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 Tata Floating Rate 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 Tata Floating Rate 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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Frequently Asked Questions

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