Should I invest in Principal Floating Rate Fund - SMP?

We don't give personal investment advice. Principal Floating Rate Fund - SMP-Growth is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding.

PRINCIPAL

Principal Floating Rate Fund - SMP-Growth

Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.02%	-3.56%	+3.57	27 / 84	Q2
1W	+0.10%	-3.52%	+3.63	23 / 84	Q2
2W	+0.20%	-3.50%	+3.70	16 / 84	Q1
1M	+0.41%	-6.74%	+7.15	16 / 87	Q1
3M	+1.19%	-6.22%	+7.41	20 / 86	Q1
6M	+2.35%	-6.43%	+8.77	16 / 84	Q1
YTD	+3.27%	-6.15%	+9.42	12 / 85	Q1
1Y	+4.29%	-5.38%	+9.68	25 / 84	Q2
2Y	+5.52%	-6.52%	+12.04	15 / 86	Q1
3Y	+6.56%	-6.38%	+12.94	11 / 85	Q1
4Y	+6.96%	-7.58%	+14.54	9 / 74	Q1
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+6.94%	-6.05%	+12.99	12 / 88	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2010 YTD	+3.27%	-2.87%	+6.14	19 / 68
2009	+5.05%	-0.61%	+5.66	5 / 63
2008	+9.13%	+2.48%	+6.65	4 / 54
2007	+8.35%	+2.06%	+6.29	1 / 45
2006	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+7.26%

43 windows

min 4.1% · max 9.1%

100% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+7.46%

19 windows

min 6.6% · max 8.2%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.62%

3-year · annualised

Sharpe ratio

-0.19

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.09%

Aug 2009 → Aug 2009

% positive months

100.0%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Recent NAVs

Date	NAV
23 Sep 2010	₹14.6459
22 Sep 2010	₹14.6436
21 Sep 2010	₹14.6414
20 Sep 2010	₹14.6391
19 Sep 2010	₹14.6369
18 Sep 2010	₹14.6348
17 Sep 2010	₹14.6327
16 Sep 2010	₹14.6306
15 Sep 2010	₹14.6285
14 Sep 2010	₹14.6264

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

Principal Floating Rate Fund - SMP-Growth is a Liquid from PRINCIPAL (Unknown plan, IDCW (dividend) option). Latest NAV isn't currently available in our feed — the AMC publishes it once per business day after market close.

Principal Floating Rate Fund - SMP-Growth has NAV history starting from 01 Apr 2006, a track record of about 20 years 2 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

Principal Floating Rate Fund - SMP-Growth is managed by PRINCIPAL. It's classified by AMFI under the 'Liquid' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Principal Floating Rate Fund - SMP-Growth has delivered a absolute return of 4.29% — +9.68 pp ahead of the Liquid category average of -5.38%. The fund ranks #25 of 84 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Principal Floating Rate Fund - SMP-Growth has delivered a CAGR of 6.56% — +12.94 pp ahead of the Liquid category average of -6.38%. The fund ranks #11 of 85 in its category — the top (Q1) quartile.

Principal Floating Rate Fund - SMP-Growth doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in Principal Floating Rate Fund - SMP-Growth exactly 3 years ago would be worth approximately ₹121,015 today — a multiplier of 1.21×, based on the 3-year CAGR of 6.56%. The category average over the same window would have grown ₹1 lakh to ₹82,055.

A ₹10,000 monthly SIP in Principal Floating Rate Fund - SMP-Growth over the last 3 years — total invested ₹360,000 — would be worth ₹391,846 today. That's an XIRR (money-weighted annualised return) of 5.57%.

Principal Floating Rate Fund - SMP-Growth doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹391,846 — XIRR 5.57%.

On a 3-year basis, Principal Floating Rate Fund - SMP-Growth ranks #11 out of 85 funds in the Liquid category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is -6.38%; this fund delivered 6.56%.

The worst peak-to-trough decline Principal Floating Rate Fund - SMP-Growth has experienced over the last 3-year window is 0.09% — its NAV fell from a high on 29 Aug 2009 to a low on 30 Aug 2009. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, Principal Floating Rate Fund - SMP-Growth averaged 7.46% (best 8.20%, worst 6.56%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is -0.19 — negative risk-adjusted performance.

In calendar year 2009, Principal Floating Rate Fund - SMP-Growth returned 5.05% — beating the Liquid category average of -0.61% by 5.66 pp. It ranked #5 of 63 in its category that year.

Principal Floating Rate Fund - SMP-Growth is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Principal Floating Rate Fund - SMP-Growth is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.