Nippon India Floating Rate Fund Direct Plan Quarterly Payout Inc Dist cum Cap Wdrl

Debt
Direct
Floating Rate
Nippon India Floating Rate Fund Direct Plan Quarterly Payout Inc Dist cum Cap Wdrl

About the Fund

Nippon India Floating Rate Fund Direct Plan Quarterly Payout Inc Dist cum Cap Wdrl is a debt fund. This fund was started on 17 January, 2013. The fund is managed by Anju Chhajer, Kinjal Desai. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Floating Rate Fund Direct Plan Quarterly Payout Inc Dist cum Cap Wdrl has ₹7956 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 Plan Quarterly Payout Inc Dist cum Cap Wdrl has given a CAGR return of 6.12% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.43%, 5.71% and 6.60% respectively.

Holdings

Nippon India Floating Rate Fund Direct Plan Quarterly Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent, Industrial, 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 Plan Quarterly Payout Inc Dist cum Cap Wdrl

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 Plan Quarterly Payout Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.31%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹7956 Cr
Inception Date17 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

May'24

Apr'24

Mar'24

Corporate
60.9%
Government
33.5%
Cash Equivalent
5.6%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.72% Govt Stock 2028
7.72% Govt Stock 2028
7.49%
0%
HDB Financial Services 8.04%
HDB Financial Services 8.04%
4.37%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
4.09%
0%
8% Govt Stock 2034
8% Govt Stock 2034
3.83%
0%
Jamnagar Utilities & Power Private Limited
Jamnagar Utilities & Power Private Limited
3.41%
0%

Anju Chhajer
Anju Chhajer
Fund Manager of Nippon India Floating Rate Fund Direct Plan Quarterly Payout Inc Dist cum Cap Wdrl, since 1 February 2020
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Floating Rate Fund Direct Plan Quarterly Payout Inc Dist cum Cap Wdrl, since 25 May 2018

Nippon India Floating Rate Fund Direct Plan Quarterly Payout Inc Dist cum Cap Wdrl 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 6.12% since inception which is more than its category average return of 5.14%
AUM size ₹7956 Cr

AUM size ₹7956 Cr

This fund has AUM of ₹7956 Cr which is more than its category average of ₹ 4697 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 0.56%

Frequently Asked Questions

The current NAV of Nippon India Floating Rate Fund Direct Plan Quarterly Payout Inc Dist cum Cap Wdrl is ₹10.93 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Nippon India Floating Rate Fund Direct Plan Quarterly Payout Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.71%
0.71%
6 Month Returns
4.04%
4.04%
1 Year Returns
7.43%
7.43%
3 Years Returns
18.12%
5.71%
5 Years Returns
37.68%
6.6%
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 May 2024
₹7956 Cr as on May 2024
7.72% Govt Stock 2028(7.49%), HDB Financial Services 8.04%(4.37%), Small Industries Development Bank Of India(4.09%), 8% Govt Stock 2034(3.83%), Jamnagar Utilities & Power Private Limited(3.41%) as on May 2024
Corporate(60.89%), Government(33.51%), Cash Equivalent(5.6%) as on May 2024
Yield to Maturity is 7.8 as on May 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 2.6 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Anju Chhajer, Kinjal Desai are the fund managers of Nippon India Floating Rate Fund Direct Plan Quarterly Payout Inc Dist cum Cap Wdrl
The Exit load of Nippon India Floating Rate Fund Direct Plan Quarterly Payout Inc Dist cum Cap Wdrl is 0%