|Min SIP Amount||₹100|
|NAV||₹10.39 (29 Oct 2020)|
|Fund Started||02 Nov 2004|
|Fund Size||₹12,372 Cr|
|Housing Development Finance Corpn. Ltd.||Financial||Debenture||4.2%|
|National Bank For Agriculture & Rural Development||Financial||Debenture||3.3%|
|Power Finance Corpn. Ltd.||Financial||NCD||3.2%|
|LIC Housing Finance Ltd.||Financial||NCD||3.1%|
|Reliance Industries Ltd.||Energy||NCD||2.9%|
Nippon India Floating Rate Fund Dividend Weekly is a Debt Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 02 Nov 2004. Amit Tripathi, Vivek Sharma is the Current Fund Manager of Nippon India Floating Rate Fund Dividend Weekly fund.The fund currently has an Asset Under Management(AUM) of ₹12,372 Cr and the Latest NAV as of 29 Oct 2020 is ₹10.39.
The Nippon India Floating Rate Fund Dividend Weekly is rated Moderately Low 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.