fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » Mutual Funds » Nippon India Floating Rate Fund

Nippon India Floating Rate Fund - G

NAV  ₹37.8049 ↑ 0.04  (0.12 %) as on 31 Mar 23

(Erstwhile Reliance Floating Rate Fund - Short Term Plan)

Scheme Objective

The primary objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of Floating Rate Debt Securities (including floating rate securitized debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for floating rate returns). The scheme shall also invest in Fixed rate Debt Securities (including fixed rate Securitized Debt, Money Market Instruments and Floating Rate Debt Instruments swapped for fixed returns).

Nippon India Floating Rate Fund is a Debt - Floating Rate fund launched on 27 Aug 04. It is a fund with Moderately Low risk and has given a CAGR return of 7.4% since its launch.  Ranked 32 in Floating Rate category.  Return for 2022 was 3.8% , 2021 was 3.7% and 2020 was 11.3% .

Below is the key information for Nippon India Floating Rate Fund

NAV as on 31 Mar 23₹37.8049 ↑ 0.04  (0.12 %)
Net Assets (AUM) as on 28 Feb 2023 ₹7,288 Cr.
Launch Date27 Aug 2004
CategoryDebt - Floating Rate
Rating
TypeOpen Ended Fund
RiskModerately Low
Yield To Maturity7.73%
Effective Maturity3 Years 1 Month 10 Days
Modified Duration2 Years 3 Months 29 Days
Alpha Ratio-0.65
Expense Ratio0.58 %
Sharpe Ratio-1.826
Information Ratio0.3
BenchmarkNot Available
ISININF204K01CG1
AMCNippon Life Asset Management Ltd.
Min Investment ₹5,000
Min SIP Investment ₹100
Exit Load 0-1 Months (0.5%),1 Months and above(NIL)

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 23

DurationReturns
1 Month 0.8%
3 Month 1.5%
6 Month 3.1%
1 Year 4.3%
3 Year 6%
5 Year 6.7%
10 Year
15 Year
Since launch 7.4%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2022 3.8%
2021 3.7%
2020 11.3%
2019 9%
2018 5.8%
2017 5.9%
2016 9%
2015 8.6%
2014 9.8%

Growth of 10k Over Years

DateValue
31 Mar 18₹10,000
31 Mar 19₹10,668
31 Mar 20₹11,602
31 Mar 21₹12,654
31 Mar 22₹13,228
31 Mar 23₹13,803
Nippon India Floating Rate Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash5.9%
Debt94.1%
Nippon India Floating Rate Fund Asset Allocation

Sector Allocation

SectorValue
Corporate52.21%
Government40.03%
Cash Equivalent5.9%
Securitized1.86%
RatingValue
AAA100%
Nippon India Floating Rate Fund Debt Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
7.01 10/4/2028 12:00:00 Am
Sovereign Bonds | -
12%₹862 Cr87,500,000
↑ 40,000,000
Small Industries Development Bank Of India
Debentures | -
7%₹518 Cr5,250
Power Finance Corporation Ltd.
Debentures | -
6%₹399 Cr4,000
HDB Financial Services 8.04%
Debentures | -
5%₹348 Cr3,500
Tata Capital Housing Finance Limited
Debentures | -
4%₹299 Cr3,000
Bajaj Finance Limited
Debentures | -
4%₹288 Cr2,900
Reliance Industries Limited
Debentures | -
4%₹277 Cr2,750
7.1 4/18/2029 12:00:00 Am
Sovereign Bonds | -
4%₹267 Cr27,000,000
7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -
3%₹251 Cr25,000,000
Bajaj Housing Finance Limited
Debentures | -
3%₹249 Cr2,500
1 - 10 of 94
Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Fund Managers

NameSinceTenure
Anju Chhajer1 Feb 203.08 Yr.
Kinjal Desai25 May 184.77 Yr.
Akshay Sharma1 Dec 220.24 Yr.

Custodians

CompanyAddress
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Nippon India Mutual Fund9th Floor, Crescenzo, C-38 & 39,,G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051

Auditors

CompanyAddress
Haribhakti & Co. Chartered Accountants42, Free Press House,4th Floor,,215, Nariman Point,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Nippon India Floating Rate Fund
Growth
₹37.8049
↑ 0.04
3.15 %4.35 %5.96 %6.66 %
Nippon India Floating Rate Fund
Quarterly Dividend, Payout
₹10.802
↑ 0.01
0.91 %2.07 %5.18 %4.91 %
Nippon India Floating Rate Fund
Quarterly Dividend, Reinvestment
₹10.802
↑ 0.01
0.91 %2.07 %5.18 %4.91 %
Nippon India Floating Rate Fund
Monthly Dividend, Payout
₹11.0389
↑ 0.01
0.32 %0.3 %4.57 %4.89 %
Nippon India Floating Rate Fund
Monthly Dividend, Reinvestment
₹11.0389
↑ 0.01
0.32 %0.3 %4.57 %4.89 %
Nippon India Floating Rate Fund
Normal Dividend, Payout
₹17.07
↑ 0.02
5.04 %7.14 %8.05 %7.92 %
Nippon India Floating Rate Fund
Normal Dividend, Reinvestment
₹17.07
↑ 0.02
5.04 %7.14 %8.05 %7.92 %
Data as on 31 Mar 23

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.