Nippon India Floating Rate Fund Dividend Monthly is a Debt Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 27 Aug 2004. Amit Tripathi, Vivek Sharma is the Current Fund Manager of Nippon India Floating Rate Fund Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹6,271 Cr and the Latest NAV as of 18 Oct 2019 is ₹10.94.
The Nippon India Floating Rate Fund Dividend Monthly 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.
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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 0.50% if redeemed within 1 month