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Unrated

Nippon India Floating Rate Fund - Direct Plan

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Debt: Floater

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 7.91 -0.08 0.35 2.37 5.99 7.67 12.15 8.67 8.73 8.92 --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 4.69 --
Debt: Floater 6.05 -0.02 0.35 1.96 4.38 5.76 9.91 8.22 8.35 8.60 --
Rank within category 1 7 3 2 1 1 1 1 2 3 --
Number of funds in category 7 7 7 7 7 7 7 5 5 5 0

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Floating Rate Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 12.15 8.67 8.73 0.21 11,636
HDFC Floating Rate Debt Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 9.52 8.18 8.33 0.23 9,331
Aditya Birla Sun Life Floating Rate Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 9.72 8.46 8.71 0.19 6,360
ICICI Prudential Floating Interest Fund - Direct Plan  | Invest Now
Unrated
 Jan-13 10.17 8.43 8.82 0.60 6,291
UTI Floater Fund - Direct Plan
Unrated
 Oct-18 9.80 -- -- 0.31 1,518

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.64 (24-Mar-2020 - 31-Mar-2020) -1.92 (12-Mar-2020 - 19-Mar-2020)
Month 3.82 (24-Mar-2020 - 23-Apr-2020) -2.08 (20-Feb-2020 - 23-Mar-2020)
Quarter 6.75 (26-Mar-2020 - 25-Jun-2020) -1.02 (21-May-2013 - 20-Aug-2013)
Year 12.30 (11-Jul-2019 - 10-Jul-2020) 3.71 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.20 1.78 1.63 2.80 1.12 4.27
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Floater 7.82 1.16 2.32 4.15 0.24 2.82
Rank within category 1 5 5 5 5 1
Number of funds in category 5 5 5 5 5 5

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 94 106 79 78
Modified Duration (yrs) 2.28 2.59 0.67 1.55
Average Maturity (yrs) 2.90 3.01 0.74 1.86
Yield to Maturity (%) 5.65 7.87 5.65 5.44

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 16.14 13.16
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 6.11 4.41
equal 8.42% Orissa State 25/07/2023 State Development Loan SOV 0.00 - 5.88 3.47
equal 7.04% Power Finance Corp. 14/04/2023 Non Convertible Debenture AAA 0.00 - 5.04 3.42
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 6.17 3.33
up 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 3.12 3.12
equal Reliance Industries 17/04/2023 Non Convertible Debenture AAA 0.00 - 3.90 3.10
equal 7.80% Nabha Power 23/04/2023 Debenture AAA 0.00 - 3.32 2.64
up 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 3.04 2.46
up 8.21% Haryana State 31/03/2023 State Development Loan SOV 0.00 - 4.02 2.45
up 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 4.13 2.27
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 2.80 2.24
up 8.21% Haryana State 31/03/2024 State Development Loan SOV 0.00 - 2.22 2.22
equal 8.50% L&T Infrastructre Finance 17/02/2023 Debenture AAA 0.00 - 3.27 2.19
equal 8.60% India Grid Trust 31/08/2028 Non Convertible Debenture AAA 2.19 - 4.32 2.19
equal HDB Financial Services 2021 Debenture AAA 2.02 - 3.97 2.02
equal Tata Capital Financial Services 29/04/2022 Debenture AAA 0.00 - 3.03 1.76
new Reliance Industries 91-D 09/07/2020 Commercial Paper A1+ 0.00 - 1.72 1.72
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 0.00 - 2.81 1.66
up 6.18% GOI 2024 GOI Securities SOV 0.00 - 1.62 1.62
equal Axis Finance 2023 Zero Coupon Bonds AAA 0.00 - 2.29 1.59
new 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 1.58 1.58
equal 7.12% REC 31/03/2023 Non Convertible Debenture AAA 0.00 - 2.74 1.58
up 6.72% National Bank Agr. Rur. Devp 14/04/2023 Bonds/NCDs AAA 0.00 - 1.70 1.56
equal 7.29% HDB Financial Services 27/07/2023 Debenture AAA 0.00 - 1.81 1.54

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2020

Fund Manager

— Anju Chhajer since 01-Feb-2020

Education: Ms. Chhajer is a B.Com (H) and a Chartered Accountant.

Experience: Prior to joining Reliance Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.

Funds Managed:

Invest Online
-0.08%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 34.6666

Dividend Weekly: ₹ 10.4294

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Dividend Quarterly: ₹ 10.6754

Dividend Monthly: ₹ 11.3034

Dividend Daily: ₹ 10.4451

Dividend: ₹ 15.4973

Investment Strategy

The scheme aims to generate regular income through investment in a portfolio comprising substantially of floating rate debt. It would not invest more than 75% of its assets in fixed rate debt securities including fixed rate securitised debt, money market instruments and floating rate debt Instruments swapped for fixed returns.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0.5% for redemption within 30 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.98%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 11,636 Cr (As on 30-Jun-2020)
Expense: 0.21% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Jul-20200.0019

 13-Jul-20200.0057
 10-Jul-20200.0020
 09-Jul-20200.0020
 08-Jul-20200.0021
 07-Jul-20200.0019
 06-Jul-20200.0057
 03-Jul-20200.0020
 02-Jul-20200.0020
 01-Jul-20200.0019
 30-Jun-20200.0031
 29-Jun-20200.0056
 26-Jun-20200.0026
 25-Jun-20200.0022
 24-Jun-20200.0019
 23-Jun-20200.0019
 22-Jun-20200.0057
 19-Jun-20200.0019
 18-Jun-20200.0019
 17-Jun-20200.0020
 16-Jun-20200.0018
 15-Jun-20200.0081
 12-Jun-20200.0018
 11-Jun-20200.0020
 10-Jun-20200.0019
Dividend Weekly14-Jul-20200.0137

 07-Jul-20200.0135
 30-Jun-20200.0154
 23-Jun-20200.0133
 16-Jun-20200.0156
 09-Jun-20200.0144
 02-Jun-20200.0068
 26-May-20200.0158
 19-May-20200.0150
 12-May-20200.0336
 05-May-20200.0155
 28-Apr-20200.0125
 21-Apr-20200.0479
 31-Mar-20200.0345
 11-Mar-20200.0119
 03-Mar-20200.0155
 25-Feb-20200.0098
 18-Feb-20200.0097
 11-Feb-20200.0205
 04-Feb-20200.0198
 28-Jan-20200.0205
 21-Jan-20200.0122
 14-Jan-20200.0060
 07-Jan-20200.0099
 31-Dec-20190.0081
Dividend Monthly19-Jun-20200.1252

 19-May-20200.0888
 20-Apr-20200.2120
 20-Feb-20200.1233
 20-Jan-20200.0335
 19-Dec-20190.0398
 19-Nov-20190.0450
 22-Oct-20190.0560
 19-Sep-20190.0523
 19-Aug-20190.0489
 19-Jul-20190.0676
 19-Jun-20190.0563
 20-May-20190.0333
 22-Apr-20190.0527
 19-Mar-20190.0667
 20-Feb-20190.0509
 21-Jan-20190.0662
 19-Dec-20180.0565
 19-Nov-20180.0409
 19-Oct-20180.0406
 20-Aug-20180.0504
 19-Jul-20180.0601
 19-Jun-20180.0280
 19-Apr-20180.0641
 19-Mar-20180.0468
Dividend Quarterly19-Jun-20200.5033

 19-Mar-20200.1987
 19-Dec-20190.1445
 19-Sep-20190.1691
 19-Jun-20190.1607
 19-Mar-20190.1454
 19-Dec-20180.1516
 19-Sep-20180.1140
 19-Mar-20180.0509
 19-Dec-20170.0643
 19-Sep-20170.1543
 19-Jun-20170.1621
 20-Mar-20170.0657
 19-Dec-20160.1538
 19-Sep-20160.1812
 20-Jun-20160.1513
 21-Mar-20160.1060
 21-Dec-20150.1499
 21-Sep-20150.1208
 19-Jun-20150.1385
 19-Mar-20150.0262
 19-Dec-20130.1973
 19-Mar-20130.0870
Dividend28-Mar-20160.3684

 29-Dec-20140.1628
 19-Sep-20140.7433

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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