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Home>Mutual Funds>Nippon India Mutual Fund>Nippon India Floating Rate Fund Direct IDCW Quarterly

Nippon India Floating Rate Fund Direct IDCW Quarterly

Debt
Floater
Low to Moderate Risk
Payout
6.87%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 11 Aug 2022₹10.69
Min. SIP amount₹100
RatingNA
Fund size₹10,643.18Cr

Returns and rankings

Category: Debt Floater
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.2%6.9%6.9%8.0%
Category average5.3%7.6%7.3%NA
Rank with in category912NA
Understand terms

Holdings (99)

NameSectorInstrumentAssets
GOI
SovereignCGL7.3%
State Bank of IndiaFinancialAdditional Tier 2 Bo4.7%
Bajaj Housing Finance Ltd.
FinancialNCD3.4%
Reliance Industries Ltd.EnergyNCD2.7%
Tata Capital Ltd.
FinancialNCD2.3%
GOI
SovereignGOI Sec2.2%
Tata Capital Housing Finance Ltd.
FinancialNCD2.2%
Reliance Industries Ltd.EnergyDebenture2.2%
Larsen & Toubro Ltd.
ConstructionNCD2.1%
GOI
SovereignGOI Sec2.0%
See All

Pros and cons

Category: Debt Floater

Pros

Cons

Higher alpha: 5.0 The fund has generated returns higher than benchmark - CRISIL Short-Term Bond Index - in the last 3Y
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Exit load is zero
Lower expense ratio: 0.28%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.28%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹100

Fund management

Anju Chhajer
Feb 2020 - Present
View details

Education
Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
Experience
Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
4th Floor, Tower A, Peninsula Business Park,Ganapatrao Kadam Marg,Lower Parel (W), Mumbai 400013
Phone
022-68334800 / 18602660111
Launch Date
30 Jun 1995
Website
NA
Nippon India Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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FAQs

How to Invest in Nippon India Floating Rate Fund Direct IDCW Quarterly?

You can easily invest in Nippon India Floating Rate Fund Direct IDCW Quarterly in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Nippon India Floating Rate Fund Direct IDCW Quarterly from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Nippon India Floating Rate Fund Direct IDCW Quarterly as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Nippon India Floating Rate Fund Direct IDCW Quarterly provide?

The Nippon India Floating Rate Fund Direct IDCW Quarterly has been there from 31 Dec 2012 and the average annual returns provided by this fund is 3.20% since its inception.

How much expense ratio is charged by Nippon India Floating Rate Fund Direct IDCW Quarterly?

The term Expense Ratio used for Nippon India Floating Rate Fund Direct IDCW Quarterly or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Nippon India Floating Rate Fund Direct IDCW Quarterly is 0.28% as of 12 Aug 2022...

What is the AUM of Nippon India Floating Rate Fund Direct IDCW Quarterly?

The AUM, short for Assets Under Management of Nippon India Floating Rate Fund Direct IDCW Quarterly is ₹10,643.18Cr as of 12 Aug 2022.

How to Redeem Nippon India Floating Rate Fund Direct IDCW Quarterly?

If you want to sell your Nippon India Floating Rate Fund Direct IDCW Quarterly holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Nippon India Floating Rate Fund Direct IDCW Quarterly?

You can select either SIP or Lumpsum investment of Nippon India Floating Rate Fund Direct IDCW Quarterly based on your investment objective and risk tolerance.

What is the NAV of Nippon India Floating Rate Fund Direct IDCW Quarterly?

The NAV of Nippon India Floating Rate Fund Direct IDCW Quarterly is ₹10.69 as of 11 Aug 2022.

What is the PE and PB ratio of Nippon India Floating Rate Fund Direct IDCW Quarterly?

The PE ratio ratio of Nippon India Floating Rate Fund Direct IDCW Quarterly is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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