Get the latest NAV of Nippon India Floating Rate Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹47.04
1D
NAV as on 09 May 2025
8.03%/per year
Since Inception
▲▼
43 people have invested ₹ 2.9L in Nippon India Floating Rate Fund Direct Growth in the last three months
as on (09-May-25)
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
as on (31-Dec-69)
Fund Distribution
as on (31-Dec-69)
Debt & Cash 99.7%
as on (31-Dec-69)
Sector Allocation
Debt & Cash 99.7%
Top 3 Sectors in March were Financial Services, Corporate & Government
Financial Services
91%
Corporate
65%
Government
32%
Financial Services
91%
Corporate
64%
Government
31%
as on (30-Apr-25)
Debt & Cash
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
Expense ratio | 0.32% |
Benchmark | Nifty Short Dura Debt Idx A-II TR INR |
AUM | ₹7731 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 131.45% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Low to Moderate Risk |
Nippon India Floating Rate Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Vikash Agarwal. This fund is suitable to keep your money safe.
Nippon India Floating Rate Fund Direct Growth has given a CAGR return of 8.03% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.38%, 7.79% and 7.10% respectively.
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 Small Industries Development Bank Of India, Jamnagar Utilities & Power Private Limited, Indian Railway Finance Corporation Limited, National Bank For Agriculture And Rural Development, LIC Housing Finance Ltd
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:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
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 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 Manager of Nippon India Floating Rate Fund Direct Growth, since 14 September 2024
Nippon India Floating Rate Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.78% | 0.78% |
6 Month Returns | 4.62% | 4.62% |
1 Year Returns | 9.38% | 9.38% |
3 Years Returns | 25.22% | 7.79% |
AAA | 100 |