Nippon India Floating Rate Fund Dividend Daily-0.02%

1
9.83%
1 Year Return
Debt
Floater
1.0star
6M
1Y
3Y
5Y
All

Fund Details

Nippon India Floating Rate Fund Dividend Daily

RiskModerately Low
Min SIP Amount₹100
Expense Ratio0.54%
NAV10.23 (02 Jun 2020)
Fund Started02 Nov 2004
Fund Size8,964 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Nippon India Floating Rate Fund Dividend Daily
9.8%
7.7%
7.9%
7.8%
Category Average
8.1%
7.3%
7.6%
-
Rank within category
1
2
3
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 9.8% annual returns

    Comparison

    Data not available
    Pros
    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
    Cons
    1. Risk is higher compared to the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Housing Development Finance Corpn. Ltd.FinancialDebenture5.5%
    Orissa StateOthersSDL4.5%
    Reliance Industries Ltd.EnergyNCD3.9%
    Nabha Power Ltd.EngineeringDebenture3.3%
    Larsen & Toubro Ltd.ConstructionNCD2.8%
    L&T Infrastructure Finance Co. Ltd.FinancialDebenture2.8%
    Rajasthan StateOthersSDL2.3%
    Indian Railway Finance Corpn. Ltd.FinancialDebenture2.3%
    Tata Capital Financial Services Ltd.FinancialDebenture2.2%
    Tata Capital Housing Finance Ltd.FinancialNCD2.1%
    See All

    Fund Managers

    addAmit Tripathi
    Education
    Mr. Tripathi is a B.Com (H) and PGDM.
    Experience
    Prior to joining Reliance Mutual Fund he has worked with New India Assurance Co. Ltd, Sun Invest Associates Ltd and CFS Financial Services Pvt. Ltd.
    Funds Managed
    addAnju Chhajer
    Education
    Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
    Experience
    Prior to joining Reliance Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
    Funds Managed
    addVivek Sharma
    Education
    Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).
    Experience
    He has been associated with Reliance AMC since 2006.
    Funds Managed

    Nippon India Floating Rate Fund Dividend Daily Details

    Nippon India Floating Rate Fund Dividend Daily is a Debt Mutual Fund Scheme launched by Reliance 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 ₹8,964 Cr and the Latest NAV as of 02 Jun 2020 is ₹10.23.

    The Nippon India Floating Rate Fund Dividend Daily is rated Moderately Low risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. Exit load of 0.50% if redeemed within 1 month

    Investment Objective

    The primary investment objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of Floating Rate Debt Securities (including floating rate securitised debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for floating rate returns). The scheme shall also invest in Fixed Rate Debt Securities (including fixed rate securitised debt, Money Market Instruments and Fixed 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.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Exit load of 0.50% if redeemed within 1 month
    Exit Load

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    About Reliance Mutual Fund

    Address
    Corporate Office : Reliance Centre, 7th Floor South Wing, OFf Western Express Highway, Santacruz(E) Mumbai-400055
    Phone
    022-33031000/30301111
    Launch Date
    30 Jun 1995
    Reliance 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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