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Fincash » Mutual Funds » Nippon India Floating Rate Fund

Nippon India Floating Rate Fund - G

NAV  ₹41.1705 ↑ 0.02  (0.05 %) as on 22 May 24

(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 2023 was 7.2% , 2022 was 3.8% and 2021 was 3.7% .

Below is the key information for Nippon India Floating Rate Fund

NAV as on 22 May 24₹41.1705 ↑ 0.02  (0.05 %)
Net Assets (AUM) as on 30 Apr 2024 ₹7,946 Cr.
Launch Date27 Aug 2004
CategoryDebt - Floating Rate
Rating
TypeOpen Ended Fund
RiskModerately Low
Yield To Maturity7.83%
Effective Maturity3 Years 2 Months 23 Days
Modified Duration2 Years 6 Months 4 Days
Alpha Ratio0.0
Expense Ratio0.6 %
Sharpe Ratio0.422
Information Ratio0.0
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 22 May 24

DurationReturns
1 Month 0.7%
3 Month 2%
6 Month 3.9%
1 Year 7.2%
3 Year 5.5%
5 Year 6.9%
10 Year
15 Year
Since launch 7.4%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 7.2%
2022 3.8%
2021 3.7%
2020 11.3%
2019 9%
2018 5.8%
2017 5.9%
2016 9%
2015 8.6%

Growth of 10k Over Years

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,908
30 Apr 21₹11,911
30 Apr 22₹12,366
30 Apr 23₹13,022
30 Apr 24₹13,965
Nippon India Floating Rate Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash9.42%
Debt90.35%
Other0.24%
Nippon India Floating Rate Fund Asset Allocation

Sector Allocation

SectorValue
Corporate64.27%
Government30.52%
Cash Equivalent4.97%
RatingValue
AAA100%
Nippon India Floating Rate Fund Debt Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
7.69% Govt Stock 2028
Sovereign Bonds | -
7%₹595 Cr59,500,000
HDB Financial Services 8.04%
Debentures | -
4%₹348 Cr3,500
Small Industries Development Bank Of India
Debentures | -
4%₹326 Cr32,500
8.1% Govt Stock 2034
Sovereign Bonds | -
4%₹305 Cr30,500,000
Tata Capital Housing Finance Limited
Debentures | -
4%₹299 Cr3,000
Jamnagar Utilities & Power Private Limited
Debentures | -
3%₹270 Cr2,800
Indian Railway Finance Corporation Limited
Debentures | -
3%₹250 Cr25,000
Rural Electrification Corporation Limited
Debentures | -
3%₹250 Cr25,000
Bajaj Housing Finance Limited
Debentures | -
3%₹240 Cr2,400
ICICI Home Finance Company Limited
Debentures | -
3%₹240 Cr2,400
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Fund Managers

NameSinceTenure
Anju Chhajer1 Feb 204.17 Yr.
Kinjal Desai25 May 185.86 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
₹41.1705
↑ 0.02
3.87 %7.16 %5.51 %6.89 %
Nippon India Floating Rate Fund
Quarterly Dividend, Payout
₹10.9827
↑ 0.01
0.81 %0.05 %2.36 %4.48 %
Nippon India Floating Rate Fund
Quarterly Dividend, Reinvestment
₹10.9827
↑ 0.01
0.81 %0.05 %2.36 %4.48 %
Nippon India Floating Rate Fund
Monthly Dividend, Payout
₹11.0623
↓ -0.07
0.25 %0.34 %1.28 %3.94 %
Nippon India Floating Rate Fund
Monthly Dividend, Reinvestment
₹11.0623
↓ -0.07
0.25 %0.34 %1.28 %3.94 %
Nippon India Floating Rate Fund
Normal Dividend, Payout
₹18.5893
↑ 0.01
5.37 %10.79 %8.81 %9.12 %
Nippon India Floating Rate Fund
Normal Dividend, Reinvestment
₹18.5893
↑ 0.01
5.37 %10.79 %8.81 %9.12 %
Data as on 22 May 24

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