|Min SIP Amount||₹100|
|NAV||₹10.99 (15 Jan 2021)|
|Fund Started||27 Aug 2004|
|Fund Size||₹15,771 Cr|
|Housing Development Finance Corpn. Ltd.||Financial||Debenture||3.4%|
|National Bank For Agriculture & Rural Development||Financial||Debenture||2.6%|
|Power Finance Corpn. Ltd.||Financial||NCD||2.6%|
|LIC Housing Finance Ltd.||Financial||NCD||2.5%|
|Reliance Industries Ltd.||Energy||NCD||2.4%|
|Larsen & Toubro Ltd.||Construction||NCD||1.9%|
Nippon India Floating Rate Fund Dividend Monthly 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 Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹15,771 Cr and the Latest NAV as of 15 Jan 2021 is ₹10.99.
The Nippon India Floating Rate Fund Dividend Monthly is rated Moderate risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000.
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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.