Nippon India Floating Rate Fund Direct Growth
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
Fund Performance
as on (09-May-25)
Peer comparison
Nippon India Floating Rate Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Nippon India Floating Rate Fund Asset Allocation
as on (31-Dec-69)
Fund Distribution
as on (31-Dec-69)
Debt & Cash 99.7%
Nippon India Floating Rate Fund Sector Allocation
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%
Nippon India Floating Rate Fund Holdings Details
as on (30-Apr-25)
Debt & Cash
Nippon India Floating Rate Fund Direct Growth Overview
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 |
About Nippon India Floating Rate 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 Vikash Agarwal. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Floating Rate Fund Direct Growth has ₹7731 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.
Returns
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.
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 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
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: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.
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 Manager
Vikash Agarwal
Fund Manager of Nippon India Floating Rate Fund Direct Growth, since 14 September 2024
- AUM of the fund stands at 7.6K Cr as of Mar'25
- AUM increased by 21.4 Cr between Mar'25 and Feb'25
Frequently Asked Questions for Nippon India Floating Rate Fund Direct Growth
What is the current NAV of Nippon India Floating Rate Fund Direct Growth?
What are the average returns of Nippon India Floating Rate Fund Direct Growth?
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% |
How do I invest in Nippon India Floating Rate Fund Direct Growth?
- 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.
What is the expense ratio of Nippon India Floating Rate Fund Direct Growth?
What is net assets under management (AUM) of Nippon India Floating Rate Fund Direct Growth?
What are the top 5 holdings of Nippon India Floating Rate Fund Direct Growth?
What are the top 3 sectors that this Nippon India Floating Rate Fund Direct Growth has invested in?
What is the yield to maturity ratio of Nippon India Floating Rate Fund Direct Growth?
What is the modified duration of Nippon India Floating Rate Fund Direct Growth?
What is the credit rating breakup of Nippon India Floating Rate Fund Direct Growth?
AAA | 100 |