Nippon India Floating Rate Fund Direct Plan Growth Plan
Debt
Direct
Floating Rate
NAV: ₹ 41.6 as on 05-12-2023
Fund Performance
46 people have invested ₹ 11.3L in Nippon India Floating Rate Fund Direct Plan Growth Plan in the last three months
Mutual Fund Insights
In the last 1 year, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 8.2% return, outperforming this fund by 0.83%.
In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.51% return, outperforming this fund by 0.1% per annum.
Over the last 6 months, this fund has experienced a 8.3% growth in AUM moving from 7.26K Cr to 7.86K Cr.
In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 6.01% return, outperforming this fund by 0.83% per annum.
Over the last 6 months, this fund has increased expense ratio by 14.8% moving from 0.27 to 0.31.
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 0.61%.
About the Nippon India Floating Rate Fund Direct Plan Growth Plan
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
- Nippon India Floating Rate Fund Direct Plan Growth Plan has ₹7866 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Nippon India Floating Rate Fund Direct Plan Growth Plan Overview
 | 0.31% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹7866 Cr |
 | 1 January, 2013 |
 | ₹5000/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 108.82% |
Nippon India Floating Rate Fund Direct Plan Growth Plan Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
52.7%
Government
37.7%
Cash Equivalent
8.8%
Securitize
0.7%
Top Holdings of Nippon India Floating Rate Fund Direct Plan Growth Plan as on (30-Nov-23)
Debt Holdings66
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.68% Govt Stock 2028 | 13.29% | 0% | |
Small Industries Development Bank Of India | 5.97% | 0% | |
Power Finance Corporation Ltd. | 4.44% | 0% | |
HDB Financial Services 8.04% | 4.43% | 0% | |
State Bank Of India | 4.38% | 0% |
See all
Nippon India Floating Rate Fund Direct Plan Growth Plan: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 7.8K Cr as of Oct'23
- AUM increased by 623.2 Cr between Oct'23 and Sep'23
Fund Portfolio Changes
Peer Analysis
Nippon India Floating Rate Fund Direct Plan Growth Plan Fund Manager
Kinjal Desai
Fund Manager of Nippon India Floating Rate Fund Direct Plan Growth Plan, since 25 May 2018
Top funds managed
Anju Chhajer
Fund Manager of Nippon India Floating Rate Fund Direct Plan Growth Plan, since 1 February 2020
Top funds managed
Nippon India Floating Rate Fund Direct Plan Growth Plan Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.9% since inception which is more than its category average return of 4.98%
AUM size ₹7866 Cr
This fund has AUM of ₹7866 Cr which is more than its category average of ₹ 5145 Cr
Expense Ratio 0.31%
This fund has an expense ratio of 0.31% 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 ₹41.59 as on 05-Dec-2023.
Existing (Absolute + CAGR) as on 05-Dec-2023.
Nippon India Floating Rate Fund Direct Plan Growth Plan | Absolute Returns | CAGR Returns |
1 Month Returns | 0.55% | 0.55% |
6 Month Returns | 3.36% | 3.36% |
1 Year Returns | 7.36% | 7.36% |
3 Years Returns | 16.35% | 5.18% |
5 Years Returns | 42.93% | 7.41% |
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 November 2023
₹7866 Cr as on November 2023
7.68% Govt Stock 2028(13.29%), Small Industries Development Bank Of India(5.97%), Power Finance Corporation Ltd.(4.44%), HDB Financial Services 8.04%(4.43%), State Bank Of India(4.38%) as on November 2023
Corporate(57.68%), Government(34.33%), Cash Equivalent(7.25%) as on November 2023
Yield to Maturity is 7.85 as on November 2023. 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 2.59 as on November 2023. 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 Plan Growth Plan
The Exit load of Nippon India Floating Rate Fund Direct Plan Growth Plan is 0%