Nippon India Floating Rate Fund - Growth - Regular Plan

Other Plans and Options
  • 0.02 %Nav, as on 25-09-2023

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  • Net Change on 25-09-2023

  • PersonalFN Rating

  • Assets (Cr.)

  • Expense Ratio

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 8.52 7.41 7.30 5.32 7.18 7.44
Crisil 10 Yr Gilt Index N/A N/A N/A N/A N/A N/A
CRISIL Short Term Bond 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 7.30 5.32 7.18 0.61 8,160.56
HDFC Floating Rate Debt Fund - Growth Option Oct 23, 2007 7.67 5.74 6.93 0.48 18,288.48
ICICI Prudential Floating Interest Fund - Growth Nov 17, 2005 7.79 5.67 6.84 1.28 13,742
Aditya Birla Sun Life Floating Rate Fund-Regular Plan-Growth Mar 25, 2009 7.42 5.38 6.77 0.45 13,031.83
Franklin India Floating Rate Fund - Growth Plan Apr 23, 2001 7.61 4.94 5.73 0.91 323.33

Fund Holdings as on 31-August-2023

  • 7.88% Government of India

  • 7.23% Small Industries Dev Bank of India **

  • 7.93% Government of India

  • 8.04% HDB Financial Services Limited **

  • 7.59% Power Finance Corporation Limited **

  • 6.24% State Bank of India **

  • 8.51% Government of India

  • 7.92% Bajaj Housing Finance Limited

  • 7.97% Tata Capital Housing Finance Limited **

  • HDFC Bank Limited **

  • Net Current Assets

  • Triparty Repo

  • 7.95% ICICI Home Finance Company Limited **

  • Axis Bank Limited **

  • 6.9% Government of India

  • Axis Bank Limited

  • 7.64% Power Finance Corporation Limited **

  • 5.85% REC Limited **

  • 7.57% Mahindra & Mahindra Limited **

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

  • HDFC Bank Limited **

  • 5.14% National Bank For Agriculture and Rural Development **

  • Bank of Baroda

  • 6.3% HDB Financial Services Limited **

  • Panatone Finvest Limited **

  • Axis Bank Limited

  • 7.2% National Bank For Agriculture and Rural Development **

  • 7.58% National Bank For Agriculture and Rural Development **

  • 7.7% HDFC Bank Limited **

  • 6.75% L&T Finance Limited **

  • 5.81% REC Limited **

  • 6.5% Tata Capital Housing Finance Limited **

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

  • 7.49% National Bank For Agriculture and Rural Development **

  • 7.46% REC Limited **

  • 7.77% REC Limited **

  • 8.05% Summit Digitel Infrastructure Limited **

  • 7.44% Small Industries Dev Bank of India

  • Canara Bank

  • HDFC Bank Limited **

  • HDFC Bank Limited **

  • Small Industries Dev Bank of India **

  • 7.7% HDFC Bank Limited **

  • 8.21% State Government Securities

  • First Business Receivables Trust **

  • First Business Receivables Trust **

  • First Business Receivables Trust **

  • First Business Receivables Trust **

  • 7.6% REC Limited **

  • 7.72% LIC Housing Finance Limited

  • 7.54% REC Limited **

  • GOVT. STOCK 17DEC2023C STRP

  • 8.67% State Government Securities

  • 8.21% State Government Securities

  • 9.19% State Government Securities

  • 8.48% State Government Securities

  • 5.63% GOI Strips (MD 12/04/2026)

  • 9.79% State Government Securities

  • 6.80% GOI (MD15/12/2060)-Strips (C)-(MD15/12/2023)

  • 7.47% State Government Securities

  • Interest Rate Swaps Pay Floating Receive Fix (26/06/2025) (FV 10000 Lacs)

  • GOI Strips (MD 12/10/2024 )

  • 7.32% Government of India

  • GOI Strips (MD 12/10/2025 )

  • Cash Margin - CCIL

  • Interest Rate Swaps Pay Floating Receive Fix (29/08/2025) (FV 10000 Lacs)

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  • Miscellaneous

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Fund Manager

  • CARE A1+

  • Cash

  • CRISIL A1+

  • CRISIL AAA

  • CRISIL AAA(CE)

  • CRISIL AAA(SO)

  • Derivatives

  • FITCH A1+

  • ICRA A1+

  • ICRA AAA

  • SOVEREIGN

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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 ₹8,160.56 crore. Nippon India Floating Rate Fund is benchmarked against Crisil 10 Yr Gilt Index as primary index and CRISIL Short Term Bond Index as secondary index.

The NAV of Nippon India Floating Rate Fund ended up ₹0.01(0.02%)yesterday to ₹39.2961.

Among its top 3 holdings the fund has exposure to 7.88% 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