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Nippon India Floating Rate Fund

Nippon India Floating Rate Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

6.49

as on 12 Aug 2022

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 12,083 today.

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NAV Performance

Nippon India Floating Rate Fund performance graph for last 3 years
Performance of Nippon India Floating Rate Fund for last 3 Years

Fund Information

  • ₹ 36.503

    as on 12 Aug 2022
  • Regular - Growth

  • -

  • ₹ 5,000

  • ₹ 19,094 Cr.

    as on 31 Dec 2021
  • 0.57%

  • 02 Jan 2013

  • Debt - Floater Fund

  • CRISIL 10 Year Gilt Index

  • Nippon India Mutual Fund

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Highlights of this fund

Nippon India Floating Rate Fund is an Open-ended Debt Fund. The fund belongs to Floater Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 02 Jan 2013. This fund is offered by one of the top AMC (Assets Management Company) Nippon India Mutual Fund. You can also view here all other Debt funds offered by Nippon India Mutual Fund.

Latest NAV of the fund is ₹ 36.503 as on 12 Aug 2022.

This fund has 9 years of track record. Since 30 Nov 2021 expense ratio of this fund is 0.57%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.

You can invest in this fund in SIP with the minimum investment of ₹ 100. Lumpsum invest is offered with minimum investment of ₹ 5,000.

Fund Objective

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

List of Fund Managers of Nippon India Floating Rate Fund

  • About Anju Chhajer

    Picture of Anju ChhajerAnju Chhajer is a Debt Fund Manager at Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited). She is a Chartered Accountant and had graduated in Commerce from Shib Nath Shastri College, Kolkata. She has over 16 years of experience in financial services. She joined Reliance Nippon Life Asset Management Company as a Fund Manager in 2007. Her earlier stint was from 1997 to 2007 with National Insurance Co. Ltd (Investment Department) where she used to manage the debt investment portfolio of the company.

Riskometer : Risk associated with this fund

Investors understand that their principal will be at Moderately Low Risk

Fund Return Comparison

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.41% 0.72% 1.29% 1.99% 3.59% 4.57% 6.49% 6.59% 7.73% 3.89% 4.03% 5.00% 6.26% 7.08%
Category Average 0.22% 0.54% 1.06% 1.27% 2.85% 4.09% 5.68% 6.25% 7.20% 2.85% 3.48% 4.53% 5.72% 6.61%
Nippon India Floating Rate Fund 0.13%₹ 10,013 0.43%₹ 10,042 1.22%₹ 10,122 1.22%₹ 10,121 2.82%₹ 10,282 2.89%₹ 12,186 4.32%₹ 10,882 3.60%₹ 24,905 6.49%₹ 12,083 5.00%₹ 38,845 6.49%₹ 13,696 6.26%₹ 70,275 7.61%₹ 20,838 7.07%₹ 1,72,678
Kotak Floating Rate Fund 0.31%₹ 10,030 0.62%₹ 10,062 1.21%₹ 10,120 0.79%₹ 10,079 2.89%₹ 10,289 2.53%₹ 12,163 4.37%₹ 10,892 3.61%₹ 24,906 6.16%₹ 11,972 5.00%₹ 38,845 - - - -
HDFC Floating Rate Debt Fund 0.26%₹ 10,025 0.64%₹ 10,063 1.12%₹ 10,112 1.45%₹ 10,144 3.22%₹ 10,322 3.24%₹ 12,209 4.57%₹ 10,934 3.86%₹ 24,969 6.04%₹ 11,930 4.91%₹ 38,792 6.59%₹ 13,765 6.03%₹ 69,872 7.73%₹ 21,078 7.08%₹ 1,72,767
Aditya Birla Sun Life Floating Rate Fund 0.14%₹ 10,014 0.44%₹ 10,043 1.29%₹ 10,128 1.99%₹ 10,198 3.59%₹ 10,359 3.89%₹ 12,250 4.29%₹ 10,875 4.03%₹ 25,014 5.84%₹ 11,862 4.85%₹ 38,754 6.55%₹ 13,739 5.97%₹ 69,762 - -
ICICI Prudential Floating Interest Fund 0.41%₹ 10,040 0.72%₹ 10,072 0.58%₹ 10,057 0.77%₹ 10,077 1.93%₹ 10,193 1.77%₹ 12,115 4.14%₹ 10,845 2.98%₹ 24,748 5.80%₹ 11,850 4.34%₹ 38,463 6.17%₹ 13,492 5.60%₹ 69,128 7.47%₹ 20,560 6.74%₹ 1,69,733
UTI Floater Fund 0.13%₹ 10,013 0.37%₹ 10,036 1.10%₹ 10,109 1.38%₹ 10,137 2.70%₹ 10,269 2.80%₹ 12,181 3.33%₹ 10,677 3.08%₹ 24,772 4.84%₹ 11,528 3.88%₹ 38,192 - - - -

Portfolio Holdings

Portfolio holdings pattern of Nippon India Floating Rate Fund as on 14 Aug 2022 are listed below:

  • Equity Holdings:

    0.00%
  • Debt Holdings:

    92.96%
  • Others Holdings:

    7.04%

Top Debt Instrument Type holdings of Nippon India Floating Rate Fund

Instrument TypeHolding PercentageHolding Values in Crore
NCD & Bonds 61.85% ₹ 11,721.21 Cr.
GOI 28.12% ₹ 5,330.43 Cr.
PTC 1.08% ₹ 203.78 Cr.
CP 1.02% ₹ 193.37 Cr.
CD 0.89% ₹ 168.02 Cr.
Others 7.04% -

Top Debt Holdings of Nippon India Floating Rate Fund

Name of Debt InstrumentHolding PercentageHolding Values in Crore
Bond - Govt of India 28.12% ₹ 5,330.43 Cr.
Bond - National Bank for Agriculture & Rural Development 5.92% ₹ 1,122.11 Cr.
Bond - Rural Electrification Corporation Limited 5.29% ₹ 1,003.98 Cr.
Bond - L&T Finance Ltd. 4.14% ₹ 783.60 Cr.
Bond - Tata Capital Financial Services Ltd. 4.07% ₹ 771.66 Cr.
Others 52.46%

Other Holdings

Holding TypeHolding Percentage
TREPS 6.30%
Net Receivables 0.70%
Interest Rate Swaps 0.02%
Margin 0.02%