Fund Overview Growth | Regular Plan

  • Fund House

  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

  • 52 Week Low Nav (₹)

  • 52 Week Low Nav Date

  • 52 Week High Nav (₹)

  • 52 Week High Nav Date

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.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
Nippon India Floating Rate Fund - Growth Plan-Growth Option 6.75 7.82 7.27 5.54 6.87 7.43
Crisil 10 Yr Gilt Index N/A N/A N/A N/A N/A N/A
Nifty Short Duration Debt Index N/A N/A N/A N/A N/A N/A

Returns upto 1 year is Annualised, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
Nippon India Floating Rate Fund - Growth Plan-Growth Option Sep 02, 2004 Unrated 7.27 5.54 6.87 0.60 7,942.80
HDFC Floating Rate Debt Fund - Growth Option Oct 23, 2007 7.88 5.99 6.77 0.52 13,848.11
Aditya Birla Sun Life Floating Rate Fund-Regular Plan-Growth Mar 25, 2009 7.56 5.91 6.57 0.48 11,408.57
ICICI Prudential Floating Interest Fund - Growth Nov 17, 2005 8.05 5.96 6.71 1.27 9,927.07
UTI - Floater Fund - Regular Plan - Growth Option Oct 30, 2018 Unrated 6.89 5.08 5.73 0.85 1,488.67
Franklin India Floating Rate Fund - Growth Plan Apr 23, 2001 7.58 5.48 5.70 0.99 266.31

Fund Holdings as on 31-March-2024

  • 7.69% Government of India

  • 8.04% HDB Financial Services Limited**

  • 7.79% Small Industries Dev Bank of India**

  • 8.1% Government of India

  • 7.97% Tata Capital Housing Finance Limited**

  • 6.4% Jamnagar Utilities & Power Private Limited**

  • 7.57% Indian Railway Finance Corporation Limited**

  • 7.77% REC Limited**

  • 7.92% Bajaj Housing Finance Limited**

  • 7.95% ICICI Home Finance Company Limited**

  • 7.8% National Bank For Agriculture and Rural Development

  • 6.24% State Bank of India**

  • 8.19% Summit Digitel Infrastructure Limited**

  • 7.17% Government of India

  • 7.77% Power Finance Corporation Limited**

  • 6.9% Government of India

  • Net Current Assets

  • 7.84% LIC Housing Finance Limited

  • 7.23% Small Industries Dev Bank of India**

  • 8.36% Toyota Financial Services India Limited**

  • HDFC Bank Limited**

  • 7.64% Power Finance Corporation Limited**

  • HDFC Bank Limited**

  • 7.57% Mahindra & Mahindra Limited**

  • Kotak Mahindra Investments Limited**

  • 8.29% Tata Capital Limited**

  • 7.62% National Bank For Agriculture and Rural Development**

  • Panatone Finvest Limited**

  • 7.68% Indian Railway Finance Corporation Limited**

  • Triparty Repo

  • 5.85% REC Limited**

  • 7.9% Sikka Ports and Terminals Limited**

  • 8.1% Tata Capital Limited**

  • 7.58% National Bank For Agriculture and Rural Development

  • 7.44% Small Industries Dev Bank of India

  • 7.7% HDFC Bank Limited

  • Punjab National Bank**

  • 6.5% Tata Capital Housing Finance Limited**

  • 7.49% National Bank For Agriculture and Rural Development

  • 8.45% Indian Railway Finance Corporation Limited**

  • 7.4% Summit Digitel Infrastructure Limited**

  • 8.05% Summit Digitel Infrastructure Limited**

  • 7.49% State Government Securities

  • 7.83% National Bank For Agriculture and Rural Development**

  • 8.55% Nomura Capital India Pvt Limited**

  • 8.5% Nomura Capital India Pvt Limited**

  • 7.75% Tata Communications Limited**

  • 7.64% Power Finance Corporation Limited

  • 7.5% National Bank For Agriculture and Rural Development**

  • 6.37% L&T Metro Rail (Hyderabad) Limited**

  • 7.08% Indian Railway Finance Corporation Limited**

  • ICICI Home Finance Company Limited**

  • 7.96% Pipeline Infrastructure Private Limited**

  • 7.96% Pipeline Infrastructure Private Limited**

  • 7.7% HDFC Bank Limited**

  • 7.17% State Government Securities

  • First Business Receivables Trust**

  • 8.6% REC Limited**

  • 8.34% Government of India

  • 8.04% Tata Capital Housing Finance Limited**

  • 7.6% REC Limited

  • 7.56% REC Limited**

  • 7.54% REC Limited**

  • 7.51% REC Limited**

  • 7.35% National Bank For Agriculture and Rural Development

  • 8.38% Kotak Mahindra Investments Limited**

  • Corporate Debt Market Development Fund Class A2

  • 8.57% REC Limited**

  • 8% Mahindra & Mahindra Financial Services Limited**

  • 6.75% L&T Finance Holdings Limited**

  • 5.63% GOI Strips (MD 12/04/2026)

  • 8.67% State Government Securities

  • 8.9% Bajaj Finance Limited**

  • 8.08% State Government Securities

  • 9.19% State Government Securities

  • 8% Aditya Birla Finance Limited**

  • 6.43% HDFC Bank Limited**

  • 7.47% State Government Securities

  • Cash Margin - CCIL

  • GOI Strips (MD 12/10/2024 )

  • GOI Strips (MD 12/10/2025 )

  • Interest Rate Swaps Pay Fix Receive Floating (29/05/2024) (FV 25000 Lacs)

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  • Miscellaneous

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Fund Manager

  • CARE A1+

  • CARE AAA

  • Cash

  • CRISIL A1+

  • CRISIL AAA

  • CRISIL AAA(CE)

  • CRISIL AAA(SO)

  • Derivatives

  • FITCH A1+

  • FITCH AAA

  • ICRA AAA

  • Sov

  • Unrated

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About Nippon India Floating Rate Fund

Scheme Analysis

Nippon India Floating Rate Fund is a Debt - Floater Fund fund and belongs to Nippon India Mutual Fund. It was launched on 02-Sep-2004 and currently has an AUM of ₹7,942.80 crore. Nippon India Floating Rate Fund is benchmarked against Crisil 10 Yr Gilt Index as primary index and Nifty Short Duration Debt Index as secondary index.

The NAV of Nippon India Floating Rate Fund ended up ₹0.04(0.09%)yesterday to ₹40.8787.

Among its top 3 holdings the fund has exposure to 7.69% Government of India, and

The Nippon India Floating Rate Fund is managed by Anju Chhajer and Kinjal Desai.

Fund House Contact

4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W) Mumbai - 400 013

022-68087000
022-68087097