Fund Details
Nippon India Floating Rate Fund Dividend Daily
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 0.57% |
| NAV | ₹10.33 (25 Jan 2021) |
|---|---|
| Fund Started | 02 Nov 2004 |
| Fund Size | ₹15,771 Cr |
Returns
Comparison
1. Age is more than 10 years
2. Risk-adjusted returns are higher compared to the category
3. 1Y Returns are higher than the benchmark
4. 3Y Returns are higher than the benchmark
5. Age is more than 10 years
6. Risk-adjusted returns are higher compared to the category
7. 1Y Returns are higher than the category average returns
8. 3Y Returns are higher than the category average returns
9. 5Y Returns are higher than the category average returns
10. Exit load is zero
1. Risk is higher compared to the benchmark
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 12.8% |
| GOI | Sovereign | GOI Sec | 10.8% |
| GOI | Sovereign | CGL | 6.3% |
| Housing Development Finance Corpn. Ltd. | Financial | Debenture | 3.3% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 2.6% |
| Power Finance Corpn. Ltd. | Financial | NCD | 2.6% |
| LIC Housing Finance Ltd. | Financial | NCD | 2.5% |
| Reliance Industries Ltd. | Energy | NCD | 2.3% |
| Tata Capital Housing Finance Ltd. | Financial | NCD | 1.9% |
| Larsen & Toubro Ltd. | Construction | NCD | 1.8% |
Fund Managers
Nippon India Floating Rate Fund Dividend Daily Details
Nippon India Floating Rate Fund Dividend Daily is a Debt Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 02 Nov 2004. Amit Tripathi, Vivek Sharma is the Current Fund Manager of Nippon India Floating Rate Fund Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹15,771 Cr and the Latest NAV as of 25 Jan 2021 is ₹10.33.
The Nippon India Floating Rate Fund Dividend Daily is rated Moderate risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000.
Investment Objective
The scheme aims to generate regular income through investment in a portfolio comprising substantially of floating rate debt. It would not invest more than 75% of its assets in fixed rate debt securities including fixed rate securitised debt, money market instruments and floating rate debt Instruments swapped for fixed returns.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
