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Nippon India Floating Rate Fund Direct Dividend Daily-0.05%

11.16%
1 Year Return
Debt
Floater
3.0star
6M
1Y
3Y
5Y
All

Fund Details

Nippon India Floating Rate Fund Direct Dividend Daily

RiskModerate
Min SIP Amount₹100
Expense Ratio0.22%
NAV₹10.38 (15 Jan 2021)
Fund Started01 Jan 2013
Fund Size15,771 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
11.2%
9.0%
8.6%
8.8%
Category Average
8.7%
7.9%
7.8%
-
Rank Within Category
2
2
2
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount100
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 11.2% returns per annum

Comparison

Data not available
Pros
1. Risk-adjusted returns are higher compared to the category
2. Lower expense ratio - 0.22%
3. 1Y Returns are higher than the category average returns
4. 3Y Returns are higher than the category average returns
5. 5Y Returns are higher than the category average returns
6. Exit load is zero
Cons
Found nothing so far.

Top Holdings

NameSectorInstrument% Assets
GOISovereignGOI Sec13.0%
GOISovereignGOI Sec11.3%
GOISovereignCGL6.4%
Housing Development Finance Corpn. Ltd.FinancialDebenture3.4%
National Bank For Agriculture & Rural DevelopmentFinancialDebenture2.6%
Power Finance Corpn. Ltd.FinancialNCD2.6%
LIC Housing Finance Ltd.FinancialNCD2.5%
Reliance Industries Ltd.EnergyNCD2.4%
Larsen & Toubro Ltd.ConstructionNCD1.9%
Haryana StateOthersSDL1.9%
See All

Fund Managers

Amit Tripathi
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Anju Chhajer
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Vivek Sharma
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Nippon India Floating Rate Fund Direct Dividend Daily Details

Nippon India Floating Rate Fund Direct Dividend Daily is a Debt Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Amit Tripathi, Vivek Sharma is the Current Fund Manager of Nippon India Floating Rate Fund Direct Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹15,771 Cr and the Latest NAV as of 15 Jan 2021 is ₹10.38.

The Nippon India Floating Rate Fund Direct 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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

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About Nippon India 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
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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