Nippon India Floating Rate Fund Direct Growth

Debt
Direct
Floating Rate
Nippon India Floating Rate Fund Direct Growth

About the Fund

Nippon India Floating Rate Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai, Anju Chhajer. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Floating Rate Fund Direct Growth has ₹7817 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

Nippon India Floating Rate Fund Direct Growth has given a CAGR return of 7.93% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.74%, 6.01% and 7.15% respectively.

Holdings

Nippon India Floating Rate Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Industrial, Cash Equivalent, Consumer Defensive, Health. Its top holdings are 7.72% Govt Stock 2028, HDB Financial Services 8.04%, Small Industries Development Bank Of India, 8% Govt Stock 2034, Jamnagar Utilities & Power Private Limited

Taxation

As it is a floating rate mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Nippon India Floating Rate Fund Direct Growth

The primary objective of the scheme is to generate regular income through investment predominantly in floating rate and money market instruments and fixed rate debt instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Floating Rate Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
39 people have invested ₹ 97.8K in Nippon India Floating Rate Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.31%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹7817 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
108.82%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Corporate
62.2%
Government
34.1%
Cash Equivalent
3.8%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.72% Govt Stock 2028
7.72% Govt Stock 2028
7.63%
0%
HDB Financial Services 8.04%
HDB Financial Services 8.04%
4.46%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
4.17%
0%
8% Govt Stock 2034
8% Govt Stock 2034
3.92%
0%
Jamnagar Utilities & Power Private Limited
Jamnagar Utilities & Power Private Limited
3.47%
0%

Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Floating Rate Fund Direct Growth, since 25 May 2018
Anju Chhajer
Anju Chhajer
Fund Manager of Nippon India Floating Rate Fund Direct Growth, since 1 February 2020

Mutual Fund Insights

Insights icon
In the last 1 year, DSP Floater Fund Direct Growth has given 8.77% return, outperforming this fund by 1.03%.
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In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 6.77% return, outperforming this fund by 0.76% per annum.
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Over the last 15 months, this fund has increased expense ratio by 14.8% moving from 0.27 to 0.31.
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In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.43% return, outperforming this fund by 0.28% per annum.
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This fund has one of the lowest expense ratio in the category (floating rate). Its expense ratio is 0.31% which is lower than the category average expense ratio of 0.59%.

Nippon India Floating Rate Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.93% since inception which is more than its category average return of 5.16%
AUM size ₹7817 Cr

AUM size ₹7817 Cr

This fund has AUM of ₹7817 Cr which is more than its category average of ₹ 4699 Cr
Expense Ratio 0.31%

Expense Ratio 0.31%

This fund has an expense ratio of 0.31% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions

The current NAV of Nippon India Floating Rate Fund Direct Growth is ₹43.74 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
Nippon India Floating Rate Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.76%
0.76%
6 Month Returns
4.18%
4.18%
1 Year Returns
7.74%
7.74%
3 Years Returns
19.12%
6.01%
5 Years Returns
41.22%
7.15%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.31% as on June 2024
₹7817 Cr as on June 2024
7.72% Govt Stock 2028(7.63%), HDB Financial Services 8.04%(4.46%), Small Industries Development Bank Of India(4.17%), 8% Govt Stock 2034(3.92%), Jamnagar Utilities & Power Private Limited(3.47%) as on June 2024
Corporate(62.18%), Government(34.07%), Cash Equivalent(3.75%) as on June 2024
Yield to Maturity is 7.9 as on June 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 2.77 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Kinjal Desai, Anju Chhajer are the fund managers of Nippon India Floating Rate Fund Direct Growth
The Exit load of Nippon India Floating Rate Fund Direct Growth is 0%