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Unrated

Nippon India Floating Rate Fund - Direct Plan

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Debt: Floater

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1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 8.39 0.04 0.14 0.15 2.30 7.66 10.77 8.27 8.56 9.02 --
CCIL T Bill Liquidity Weight 2.45 0.02 0.02 0.17 0.56 1.65 3.48 4.01 4.19 4.68 --
Debt: Floater 6.86 0.03 0.10 0.33 2.27 6.14 9.05 8.06 8.25 8.58 --
Rank within category 1 2 2 6 4 1 1 2 3 2 --
Number of funds in category 7 7 7 7 7 7 7 5 5 5 0

As on 18-Sep-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 10.77 8.27 8.56 0.22 12,158
HDFC Floating Rate Debt Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 8.84 8.07 8.23 0.23 10,681
ICICI Prudential Floating Interest Fund - Direct Plan  | Invest Now
Unrated
 Jan-13 9.83 8.40 8.78 0.59 8,837
Aditya Birla Sun Life Floating Rate Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 8.81 8.26 8.57 0.19 6,886
UTI Floater Fund - Direct Plan
Unrated
 Oct-18 8.55 -- -- 0.34 1,921

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 12.34 (12-Jul-2019 - 13-Jul-2020) 3.71 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.01 1.83 1.57 2.83 1.11 4.17
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Floater 7.78 1.19 2.37 4.40 0.26 2.94
Rank within category 2 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 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 85 106 79 89
Modified Duration (yrs) 2.23 2.59 0.67 1.91
Average Maturity (yrs) 2.82 3.01 0.74 2.40
Yield to Maturity (%) 5.47 7.87 5.34 5.39

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 16.14 12.69
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 6.99 6.99
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 6.11 4.24
equal 7.04% Power Finance Corp. 14/04/2023 Non Convertible Debenture AAA 0.00 - 5.04 3.28
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 6.17 3.21
equal Reliance Industries 17/04/2023 Non Convertible Debenture AAA 0.00 - 3.90 2.98
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 4.13 2.93
down 8.42% Orissa State 25/07/2023 State Development Loan SOV 0.00 - 5.88 2.88
up 6.18% GOI 2024 GOI Securities SOV 0.00 - 2.80 2.80
down 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 2.80 2.37
equal 8.21% Haryana State 31/03/2023 State Development Loan SOV 0.00 - 4.02 2.33
equal 8.21% Haryana State 31/03/2024 State Development Loan SOV 0.00 - 2.22 2.11
equal 8.60% India Grid Trust 31/08/2028 Non Convertible Debenture AAA 1.86 - 4.32 2.09
equal 8.50% L&T Infrastructre Finance 17/02/2023 Debenture AAA 0.00 - 3.27 2.09
equal HDB Financial Services 2021 Debenture AAA 1.74 - 3.97 1.94
equal 7.12% REC 31/03/2023 Non Convertible Debenture AAA 0.00 - 2.74 1.74
equal Tata Capital Financial Services 29/04/2022 Debenture AAA 0.00 - 3.03 1.70
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 0.00 - 2.81 1.60
equal Axis Finance 2023 Zero Coupon Bonds AAA 0.00 - 2.29 1.55
equal 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 1.58 1.53
equal First Business Receivable Trust Securitised Debt AAA 0.16 - 0.35 1.52
equal REC 13/12/2022 Debenture AAA 0.00 - 2.09 1.37
equal 7.80% Nabha Power 23/04/2023 Debenture AAA 0.00 - 3.32 1.30
equal 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 1.96 1.29
down 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 3.04 1.28

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 31-Aug-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
0.04%

Change from previous, NAV as on 18-Sep-2020

Growth: ₹ 34.8202

Dividend Weekly: ₹ 10.3207

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Dividend Quarterly: ₹ 10.7217

Dividend Monthly: ₹ 11.1639

Dividend Daily: ₹ 10.3280

Dividend: ₹ 15.5631

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

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.82%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 12,158 Cr (As on 31-Aug-2020)
Expense: 0.22% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily18-Sep-20200.0019

 17-Sep-20200.0045
 16-Sep-20200.0019
 15-Sep-20200.0019
 14-Sep-20200.0060
 11-Sep-20200.0019
 10-Sep-20200.0019
 09-Sep-20200.0018
 08-Sep-20200.0019
 07-Sep-20200.0056
 04-Sep-20200.0019
 03-Sep-20200.0021
 02-Sep-20200.0019
 01-Sep-20200.0020
 31-Aug-20200.0091
 28-Aug-20200.0018
 27-Aug-20200.0019
 26-Aug-20200.0019
 25-Aug-20200.0019
 24-Aug-20200.0057
 21-Aug-20200.0018
 20-Aug-20200.0019
 19-Aug-20200.0109
 18-Aug-20200.0055
 17-Aug-20200.0077
Dividend Weekly15-Sep-20200.0135

 08-Sep-20200.0134
 01-Sep-20200.0167
 25-Aug-20200.0222
 18-Aug-20200.0189
 11-Aug-20200.0171
 04-Aug-20200.0184
 28-Jul-20200.0141
 21-Jul-20200.0203
 14-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
Dividend Monthly19-Aug-20200.0035

 20-Jul-20200.1856
 19-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
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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