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Fincash » Mutual Funds » Nippon India Floating Rate Fund

Nippon India Floating Rate Fund - G

NAV  ₹39.007 ↓ 0.00  (-0.01 %) as on 22 Aug 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 22 Aug 23₹39.007 ↓ 0.00  (-0.01 %)
Net Assets (AUM) as on 31 Jul 2023 ₹7,253 Cr.
Launch Date27 Aug 2004
CategoryDebt - Floating Rate
Rating
TypeOpen Ended Fund
RiskModerately Low
Yield To Maturity7.59%
Effective Maturity3 Years 3 Months 18 Days
Modified Duration2 Years 5 Months 5 Days
Alpha Ratio0.0
Expense Ratio0.6 %
Sharpe Ratio0.29
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 Aug 23

DurationReturns
1 Month 0.5%
3 Month 1.5%
6 Month 4%
1 Year 6.7%
3 Year 5.2%
5 Year 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 Aug 18₹10,000
31 Aug 19₹10,900
31 Aug 20₹12,048
31 Aug 21₹12,801
31 Aug 22₹13,153
31 Aug 23₹14,048
Nippon India Floating Rate Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash21.99%
Debt78.01%
Nippon India Floating Rate Fund Asset Allocation

Sector Allocation

SectorValue
Corporate52.46%
Government37.79%
Cash Equivalent8.72%
Securitized1.03%
RatingValue
AAA100%
Nippon India Floating Rate Fund Debt Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
7.879999999999999% Govt Stock 2028
Sovereign Bonds | -
16%₹1,290 Cr129,500,000
↑ 7,500,000
Small Industries Development Bank Of India
Debentures | -
6%₹471 Cr4,750
7.93% Govt Stock 2034
Sovereign Bonds | -
5%₹428 Cr43,000,000
↑ 10,500,000
HDB Financial Services 8.04%
Debentures | -
4%₹350 Cr3,500
Power Finance Corporation Ltd.
Debentures | -
4%₹350 Cr3,500
State Bank Of India
Debentures | -
4%₹345 Cr3,550
8.51% Govt Stock 2033
Sovereign Bonds | -
4%₹335 Cr33,000,000
↑ 28,000,000
Bajaj Housing Finance Limited
Debentures | -
4%₹326 Cr3,250
↓ -500
Tata Capital Housing Finance Limited
Debentures | -
4%₹301 Cr3,000
ICICI Home Finance Company Limited
Debentures | -
3%₹240 Cr2,400
1 - 10 of 83
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Fund Managers

NameSinceTenure
Anju Chhajer1 Feb 203.58 Yr.
Kinjal Desai25 May 185.27 Yr.
Akshay Sharma1 Dec 220.75 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
₹39.007
↓ 0.00
3.97 %6.68 %5.22 %7 %
Nippon India Floating Rate Fund
Quarterly Dividend, Payout
₹10.8924
↓ 0.00
0.72 %1.98 %3.65 %4.77 %
Nippon India Floating Rate Fund
Quarterly Dividend, Reinvestment
₹10.8924
↓ 0.00
0.72 %1.98 %3.65 %4.77 %
Nippon India Floating Rate Fund
Monthly Dividend, Payout
₹11.033
↓ -0.05
0.32 %0.23 %2.74 %4.71 %
Nippon India Floating Rate Fund
Normal Dividend, Payout
₹17.6128
↓ 0.00
6.36 %11.05 %8.02 %8.7 %
Nippon India Floating Rate Fund
Normal Dividend, Reinvestment
₹17.6128
↓ 0.00
6.36 %11.05 %8.02 %8.7 %
Nippon India Floating Rate Fund
Monthly Dividend, Reinvestment
₹11.033
↓ -0.05
0.32 %0.23 %2.74 %4.71 %
Data as on 22 Aug 23

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