Fund Details
Nippon India Floating Rate Fund Direct IDCW Quarterly
| Risk | Low to Moderate |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 0.24% |
| NAV | ₹10.61 (16 Apr 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹13,114 Cr |
Returns
Comparison
1. Lower expense ratio - 0.24%
2. 1Y Returns are higher than the category average returns
3. 3Y Returns are higher than the category average returns
4. 5Y Returns are higher than the category average returns
5. Exit load is zero
Found nothing so far.
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| 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% |
Fund Managers
Nippon India Floating Rate Fund Direct IDCW Quarterly Details
Nippon India Floating Rate Fund Direct IDCW Quarterly 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 IDCW Quarterly fund.The fund currently has an Asset Under Management(AUM) of ₹13,114 Cr and the Latest NAV as of 16 Apr 2021 is ₹10.61.
The Nippon India Floating Rate Fund Direct IDCW Quarterly is rated Low to 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.
