|Risk||Low to Moderate|
|Min SIP Amount||₹100|
|NAV||₹36.08 (12 Apr 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹13,114 Cr|
|LIC Housing Finance Ltd.||Financial||NCD||3.0%|
|Reliance Industries Ltd.||Energy||NCD||2.8%|
|Housing Development Finance Corpn. Ltd.||Financial||Debenture||2.4%|
|Larsen & Toubro Ltd.||Construction||NCD||2.2%|
|Bajaj Finance Ltd.||Financial||Debenture||1.1%|
|Hindustan Petroleum Corpn. Ltd.||Energy||Debenture||1.1%|
|Hindustan Zinc Ltd.||Metals||ZCB||1.0%|
|Reliance Industries Ltd.||Energy||Debenture||0.8%|
|Housing Development Finance Corpn. Ltd.||Financial||Debenture||0.4%|
|Housing Development Finance Corpn. Ltd.||Financial||NCD||0.4%|
Nippon India Floating Rate Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹13,114 Cr and the Latest NAV as of 12 Apr 2021 is ₹36.08.
The Nippon India Floating Rate Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000.
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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.