Nippon India Floating Rate Fund Direct Plan Growth Plan
Nippon India Floating Rate Fund Direct Plan Growth Plan

Nippon India Floating Rate Fund Direct Plan Growth Plan

Debt
Direct
Floating Rate

NAV: ₹ 38.2 as on 30-09-2022

Fund Performance
zero opening, trading, fund transfer fee
55 people have invested ₹ 5.9L in mutual fund in the last three months

Fund Performance

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
0.2%
1.2%
1.3%
3.2%
6.7%
6.9%
Benchmark
0.3%
1.6%
1.7%
3.1%
5.5%
5.7%
About the Fund

Nippon India Floating Rate Fund Direct Plan Growth Plan 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 Plan Growth Plan has a NAV of 38.2467 as on 30-09-2022.

2) Nippon India Floating Rate Fund Direct Plan Growth Plan has 9944 Cr worth of assets under management (AUM) as on 31-08-2022 and is more than category average.

3) The fund has an expense ratio 0.27 %.

Fund Overview

Expense ratio
Expense ratio
0.27%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹9944 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
102.11%

Fund Distribution

  • Debt & Cash 100%
Credit rating breakup
AAA
100%

Sector Allocation

Aug'22

Jul'22

Jun'22

Corporate

52.5%

Government

36.5%

Cash Equivalent

9.1%

Securitize

1.9%

Top Holdings

  • All
  • Debt & Cash
Total Holdings135
Debt Holdings135
Holdings
Weight%
Holdings Trend
1M Change
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7.35% Govt Stock 2024
6.04%
0%
icon
Small Industries Development Bank Of India
5.56%
0%
icon
Net Current Assets
4.57%
0%
icon
Reliance Industries Limited
3.57%
0%
icon
Bajaj Housing Finance Limited
3.03%
-9%

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 20.3 Cr in last 1M
Aug'22 return underperformed benchmark

Change in AUM

Aug'22
₹ 9.9K Cr
Jul'22
₹ 9.9K Cr
Jun'22
₹ 11.4K Cr

Fund Returns vs Benchmark

Aug'22
0.55%
0.58%
Jul'22
0.55%
0.58%
Jun'22
0.30%
0.16%
Fund Return
Benchmark Return

Fund Manager

Kinjal Desai

Kinjal Desai

Managing this fund since 25 May 2018

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Nippon India Small Cap Fund - Direct Plan - Growth Plan
35.32%
30.04%
Nippon India Growth Fund - Direct Plan - Growth
26.32%
22.92%
Nippon India Liquid Fund Direct Plan Growth Plan
4.13%
3.25%
Anju Chhajer

Anju Chhajer

Managing this fund since 1 February 2020

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Nippon India Liquid Fund Direct Plan Growth Plan
4.13%
3.25%
Nippon India Money Market Fund Direct Plan Growth Option
5.02%
4.32%
Nippon India Overnight Fund Direct Growth
3.69%
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AMC details

Address
null
Phone
022-68087000/18602660111
Fund House
Nippon Life India Asset Management Ltd

Fund Highlights

meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 7.96% since inception which is more than its category average return of 4.68%
AUM size ₹9944 Cr

AUM size ₹9944 Cr

This fund has AUM of ₹9944 Cr which is more than its category average of ₹ 5603 Cr
Expense Ratio 0.27%

Expense Ratio 0.27%

This fund has an expense ratio of 0.27% which is less than its category average expense ratio of 0.56%

Frequently Asked Questions

The current NAV of Nippon India Floating Rate Fund Direct Plan Growth Plan is 38.19.
Existing (Absolute + CAGR)
Nippon India Floating Rate Fund Direct Plan Growth Plan
Absolute Returns
CAGR Returns
1 Month Returns
0.06%
0.06%
6 Month Returns
1.23%
1.23%
1 Year Returns
2.95%
2.95%
3 Years Returns
21.49%
6.71%
5 Years Returns
39.2%
6.84%
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.
0.27 as on September 2022
9944 Cr as on September 2022
6.57
0.83
AAA
100
Kinjal Desai,Anju Chhajer are the fund managers of Nippon India Floating Rate Fund Direct Plan Growth Plan
The Exit load of Nippon India Floating Rate Fund Direct Plan Growth Plan is 0%