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Home>Mutual Funds>Nippon India Mutual Fund>Nippon India Floating Rate Fund Direct IDCW Quarterly

Nippon India Floating Rate Fund Direct IDCW Quarterly

Debt
Floater
Low to Moderate Risk
Payout
8.23%
3Y annualised
+0.03% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 20 Jan 2022₹10.59
Min. SIP amount₹100
RatingNA
Fund size₹18,946.57Cr

Returns and rankings

Category: Debt Floater
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.6%8.2%7.5%8.3%
Category average5.3%7.6%7.3%NA
Rank with in category212NA
Understand terms

Holdings (121)

NameSectorInstrumentAssets
GOI
SovereignCGL5.1%
FinancialAdditional Tier 2 Bo3.4%
Bajaj Housing Finance Ltd.
FinancialNCD3.2%
GOI
SovereignGOI Sec2.8%
GOI
SovereignGOI Sec2.6%
GOI
SovereignGOI Sec2.5%
GOI
SovereignCGL2.3%
FinancialNCD2.1%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture2.1%
EnergyNCD1.9%
See All

Pros and cons

Category: Debt Floater

Pros

3Y and 5Y annualised returns higher than category average
Higher alpha: 5.3 The fund has generated returns higher than benchmark - CRISIL Short-Term Bond Index - in the last 3Y
Exit load is zero
Lower expense ratio: 0.24%
Consistently top ranked fund
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Cons

1Y annualised returns lower than category average by 1.36%
Low rating: 0

Expense ratio, exit load and tax

Expense ratio: 0.26%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹100

Fund management

Anju Chhajer
Feb 2020 - Present
View details

Fund house & investment objective

Fund house contact details

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