Should I invest in Principal Floating Rate Fund - FMP-Insti. Daily Dividend?

We don't give personal investment advice. Principal Floating Rate Fund - FMP-Insti. Daily Dividend 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. Worst 5-year drawdown: 16.6%. 5-year CAGR: -0.98%.

PRINCIPAL

Principal Floating Rate Fund - FMP-Insti. Daily Dividend

Unit split applied to historical metrics

This scheme had a 100× unit consolidation on 26 Dec 2011. Returns, SIP simulations and risk metrics on this page are split-adjusted — they reflect what a real investor's portfolio experienced (a consolidation doesn't change portfolio value, only the unit count and per-unit NAV).

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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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	+0.01%	-9.99%	+10.00	213 / 1129	Q1
1W	+0.08%	-13.04%	+13.12	289 / 1151	Q2
2W	+0.10%	-13.18%	+13.28	290 / 1149	Q2
1M	+0.21%	-13.26%	+13.47	288 / 1137	Q2
3M	+0.71%	-13.15%	+13.86	319 / 1116	Q2
6M	+1.64%	-15.45%	+17.09	369 / 906	Q2
YTD	+3.35%	-15.77%	+19.12	202 / 952	Q1
1Y	+3.38%	-13.09%	+16.47	358 / 820	Q2
2Y	+4.68%	-12.72%	+17.41	152 / 446	Q2
3Y	-1.66%	-11.01%	+9.35	312 / 385	Q4
4Y	-1.25%	-6.52%	+5.27	286 / 339	Q4
5Y	-0.98%	-7.36%	+6.38	265 / 314	Q4
7Y	-0.66%	+2.53%	-3.19	225 / 234	Q4
10Y	-0.46%	+3.14%	-3.60	93 / 101	Q4
Inception	-0.30%	-13.63%	+13.33	947 / 1199	Q4

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
2021 YTD	+3.35%	+5.14%	-1.80	21 / 42
2020	+5.98%	+5.20%	+0.78	18 / 45
2019	-13.21%	-4.85%	-8.36	50 / 56
2018	+0.00%	+1.30%	-1.30	65 / 90
2017	+0.09%	+1.63%	-1.53	83 / 137
2016	+0.14%	+3.02%	-2.89	127 / 181
2015	+0.18%	+2.22%	-2.04	138 / 216
2014	+0.04%	+5.51%	-5.47	172 / 240
2013	+0.00%	-1.95%	+1.95	173 / 276
2012	+0.00%	+1.38%	-1.38	220 / 295
2011	+0.00%	-3.16%	+3.16	210 / 317

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

-0.30%

168 windows

min -15.5% · max 10.3%

45% positive

3-Year rolling

-0.72%

143 windows

min -5.4% · max 0.1%

43% positive

5-Year rolling

-0.51%

119 windows

min -3.2% · max 0.1%

52% positive

7-Year rolling

-0.45%

95 windows

min -2.3% · max 0.1%

65% positive

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

9.96%

3-year · annualised

Sharpe ratio

-0.77

vs risk-free 6.5%

Sortino ratio

-0.83

Downside-only deviation

Max drawdown

-16.65%

Dec 2018 → Jun 2019

% positive months

80.6%

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
30 Dec 2021	₹956.5089
29 Dec 2021	₹956.3953
28 Dec 2021	₹956.2428
27 Dec 2021	₹956.1750
24 Dec 2021	₹955.8995
23 Dec 2021	₹955.7544
22 Dec 2021	₹955.6466
21 Dec 2021	₹955.6807
20 Dec 2021	₹955.7773
17 Dec 2021	₹955.6586

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 - FMP-Insti. Daily Dividend is a Income 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 - FMP-Insti. Daily Dividend has NAV history starting from 12 Apr 2007, a track record of about 19 years 1 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 - FMP-Insti. Daily Dividend is managed by PRINCIPAL. It's classified by AMFI under the 'Income' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Principal Floating Rate Fund - FMP-Insti. Daily Dividend has delivered a absolute return of 3.38% — +16.47 pp ahead of the Income category average of -13.09%. The fund ranks #358 of 820 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Principal Floating Rate Fund - FMP-Insti. Daily Dividend has delivered a CAGR of -1.66% — +9.35 pp ahead of the Income category average of -11.01%. The fund ranks #312 of 385 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Principal Floating Rate Fund - FMP-Insti. Daily Dividend has delivered a CAGR of -0.98% — +6.38 pp ahead of the Income category average of -7.36%. The fund ranks #265 of 314 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Principal Floating Rate Fund - FMP-Insti. Daily Dividend exactly 10 years ago would be worth approximately ₹95,533 today — a multiplier of 0.96×, based on the 10-year CAGR of -0.46%. The category average over the same window would have grown ₹1 lakh to ₹136,244.

A ₹10,000 monthly SIP in Principal Floating Rate Fund - FMP-Insti. Daily Dividend over the last 5 years — total invested ₹600,000 — would be worth ₹602,923 today. That's an XIRR (money-weighted annualised return) of 0.19%.

A ₹10,000 monthly SIP for 10 years in Principal Floating Rate Fund - FMP-Insti. Daily Dividend = ₹1,200,000 invested. It would currently be worth ₹1,175,715 (multiplier 0.98×). XIRR: -0.41%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Principal Floating Rate Fund - FMP-Insti. Daily Dividend ranks #265 out of 314 funds in the Income category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is -7.36%; this fund delivered -0.98%.

The worst peak-to-trough decline Principal Floating Rate Fund - FMP-Insti. Daily Dividend has experienced over the last 5-year window is 16.65% — its NAV fell from a high on 04 Aug 2017 to a low on 04 Jun 2019. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Principal Floating Rate Fund - FMP-Insti. Daily Dividend averaged -0.51% (best 0.12%, worst -3.24%). 52% of rolling windows ended positive. The 5-year Sharpe ratio is -0.93 — negative risk-adjusted performance.

In calendar year 2020, Principal Floating Rate Fund - FMP-Insti. Daily Dividend returned 5.98% — beating the Income category average of 5.20% by 0.78 pp. It ranked #18 of 45 in its category that year.

Principal Floating Rate Fund - FMP-Insti. Daily Dividend 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 - FMP-Insti. Daily Dividend 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. Worst 5-year drawdown: 16.6%. 5-year CAGR: -0.98%.

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