The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. (clearfunds.com)
Under normal circumstances, the fund invests at least 80 % of its total assets in income producing floating rate loans and other floating rate debt securities. (mutualfunds.com)
When I was a corporate bond manager, aside from rare occasions, I never bought floating rate debt. (alephblog.com)