|Min SIP Amount||₹100|
|NAV||₹33.47 (10 Jul 2020)|
|Fund Started||27 Aug 2004|
|Fund Size||₹11,636 Cr|
|Housing Development Finance Corpn. Ltd.||Financial||Debenture||5.2%|
|Power Finance Corpn. Ltd.||Financial||NCD||4.0%|
|LIC Housing Finance Ltd.||Financial||NCD||3.9%|
|Reliance Industries Ltd.||Energy||NCD||3.6%|
|Nabha Power Ltd.||Engineering||Debenture||3.1%|
|Larsen & Toubro Ltd.||Construction||NCD||2.6%|
Nippon India Floating Rate Fund Growth is a Debt Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 27 Aug 2004. Amit Tripathi, Vivek Sharma is the Current Fund Manager of Nippon India Floating Rate Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹11,636 Cr and the Latest NAV as of 10 Jul 2020 is ₹33.47.
The Nippon India Floating Rate Fund Growth is rated Moderately Low risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. Exit load of 0.50% if redeemed within 1 month
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).
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.