Nippon India Floating Rate Fund Dividend+0.02%

1Groww
9.25%
1 Year Return
Debt
Floater
1.0 star
6M
1Y
3Y
5Y
All

Fund Details

Nippon India Floating Rate Fund Dividend

RiskModerately Low
Min SIP Amount₹100
Expense Ratio0.60%
NAV13.98 (09 Dec 2019)
Fund Started20 Sep 2013
Fund Size5,842 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Nippon India Floating Rate Fund Dividend
9.3%
6.9%
7.7%
7.7%
Category Average
8.6%
7.2%
7.7%
-
Rank within category
1
4
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 9.3% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 10 years
    2. 1Y Returns are higher than the benchmark
    Cons
    1. Risk is higher compared to the benchmark
    2. 3Y Returns are lower than the benchmark

    Top Holdings

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    Tata Sons Ltd.FinancialDebenture6.5%
    Nabha Power Ltd.EngineeringDebenture6.0%
    Mahindra & Mahindra Financial Services Ltd.FinancialDebenture5.2%
    Reliance Jio Infocomm Ltd.CommunicationDebenture5.0%
    Sikka Ports and Terminals Ltd.EnergyBonds/NCD4.8%
    India Grid TrustEngineeringNCD4.3%
    LIC Housing Finance Ltd.FinancialDebenture4.0%
    HDB Financial Services Ltd.FinancialDebenture4.0%
    National Bank For Agriculture & Rural DevelopmentFinancialDebenture3.9%
    REC Ltd.FinancialDebenture3.3%
    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
    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

    Other Details

    Nippon India Floating Rate Fund Dividend is a Debt Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 20 Sep 2013. Amit Tripathi, Vivek Sharma is the Current Fund Manager of Nippon India Floating Rate Fund Dividend.The fund currently has an Asset Under Management(AUM) of ₹5,842 Cr and the Latest NAV as of 09 Dec 2019 is ₹13.98.

    The Nippon India Floating Rate Fund Dividend is rated Moderately Low risk. Minimum SIP Investment is 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
    29 Jun 1995
    Reliance Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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