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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
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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.

They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that 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.

If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

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
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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 4.00 0.02 0.14 0.47 0.65 2.20 4.39 8.59 7.61 8.11 --
CCIL T Bill Liquidity Weight 1.88 0.01 0.04 0.17 0.44 1.07 2.04 3.20 3.53 3.98 --
Debt: Floater 4.06 0.01 0.04 0.34 0.73 2.27 4.50 7.58 7.35 7.81 --
Rank within category 4 2 1 1 9 6 5 1 2 2 --
Number of funds in category 8 12 12 12 12 10 8 6 5 5 0

As on 07-Dec-2021

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 4.39 8.59 7.61 0.24% 19,094
HDFC Floating Rate Debt Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 4.75 7.64 7.38 0.23% 23,796
Aditya Birla Sun Life Floating Rate Fund - Direct Plan  | Invest Online
Unrated
 Jan-13 4.02 7.29 7.28 0.23% 19,376
ICICI Prudential Floating Interest Fund - Direct Plan  | Invest Now
Unrated
 Jan-13 5.29 8.25 7.91 0.59% 14,855
Kotak Floating Rate Fund - Direct Plan  | Invest Online
Unrated
 May-19 4.68 -- -- 0.22% 9,012

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 8.33 1.74 2.61 4.68 1.51 5.47
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Floater 7.40 1.27 2.87 5.10 1.03 4.24
Rank within category 1 6 5 5 5 1
Number of funds in category 6 6 6 6 6 6

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 157 169 114 105
Modified Duration (yrs) 1.43 2.03 1.38 --
Average Maturity (yrs) 1.98 2.71 1.97 --
Yield to Maturity (%) 4.86 5.24 4.53 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.35% GOI 22/06/2024 Central Government Loan SOV 4.73 - 7.41 5.09
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 1.05 - 3.75 3.75
equal 5.00% Bajaj Housing Finance 15/09/2023 Non Convertible Debenture AAA 0.00 - 3.20 3.20
equal 7.68% GOI 15/12/2023 GOI Securities SOV 0.00 - 3.72 2.93
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 2.61 2.61
equal 7.32% GOI 28/01/2024 GOI Securities SOV 2.21 - 13.09 2.45
equal National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 2.32 2.10
equal 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 2.15 2.10
equal Reliance Industries 17/04/2023 Non Convertible Debenture AAA 1.75 - 2.76 1.88
equal 4.82% Tata Capital Financial Services 28/02/2023 Non Convertible Debenture AAA 0.00 - 1.82 1.82
equal 6.99% HDFC 13/02/2023 Debenture AAA 1.49 - 3.38 1.59
equal 5.60% Tata Capital Housing Finance 2023 Non Convertible Debenture AAA 1.46 - 2.28 1.58
equal 6.79% Tata Capital 28/12/2023 Non Convertible Debenture AAA 0.00 - 2.29 1.58
equal 8.50% L&T Infrastructre Finance 17/02/2023 Debenture AAA 1.44 - 1.98 1.54
down Bajaj Finance 2022 Zero Coupon Bonds AAA 0.00 - 2.10 1.52
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 1.39 - 2.19 1.48
equal 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 0.26 - 1.45 1.41
up 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.00 - 1.37 1.37
equal 5.79% REC 20/03/2024 Debenture AAA 0.00 - 1.32 1.32
equal Aditya Birla Finance 16/03/2023 Non Convertible Debenture AAA 0.00 - 1.91 1.32
down 4.99% REC 31/01/2024 Debenture AAA 0.00 - 1.70 1.30
equal 6.18% GOI 2024 GOI Securities SOV 1.21 - 10.81 1.29
new Axis Bank 15/06/2022 Certificate of Deposit A1+ 0.00 - 1.28 1.28
equal 7.04% Power Finance Corporation 14/04/2023 Non Convertible Debenture AAA 1.18 - 2.91 1.27
equal 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 1.30 1.23

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-Nov-2021

*As on 31-Oct-2021

Fund Manager

— Anju Chhajer since 01-Feb-2020

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

Experience: Prior to joining Nippon India 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
0.02%

Change from previous, NAV as on 07-Dec-2021

Growth: ₹ 37.3272

IDCW Weekly: ₹ 10.2383

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IDCW Quarterly: ₹ 10.6157

IDCW Monthly: ₹ 11.2077

IDCW Daily: ₹ 10.2538

IDCW: ₹ 16.6742

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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.41%
Benchmark: CRISIL Short-Term Bond Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 19,094 Cr (As on 30-Nov-2021)
Expense: 0.24% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily07-Dec-20210.0017

 06-Dec-20210.0056
 03-Dec-20210.0009
 02-Dec-20210.0043
 01-Dec-20210.0021
 30-Nov-20210.0011
 29-Nov-20210.0016
 25-Nov-20210.0011
 24-Nov-20210.0016
 23-Nov-20210.0017
 22-Nov-20210.0066
 18-Nov-20210.0016
 17-Nov-20210.0015
 16-Nov-20210.0017
 15-Nov-20210.0049
 12-Nov-20210.0017
 11-Nov-20210.0016
 10-Nov-20210.0017
 09-Nov-20210.0016
 08-Nov-20210.0084
 03-Nov-20210.0017
 02-Nov-20210.0017
 01-Nov-20210.0044
 29-Oct-20210.0017
 28-Oct-20210.0017
IDCW Weekly07-Dec-20210.0146

 30-Nov-20210.0054
 23-Nov-20210.0114
 16-Nov-20210.0115
 09-Nov-20210.0117
 02-Nov-20210.0111
 26-Oct-20210.0091
 20-Oct-20210.0136
 12-Oct-20210.0118
 05-Oct-20210.0118
 28-Sep-20210.0111
 21-Sep-20210.0115
 14-Sep-20210.0113
 07-Sep-20210.0117
 31-Aug-20210.0116
 24-Aug-20210.0170
 17-Aug-20210.0117
 10-Aug-20210.0098
 03-Aug-20210.0104
 27-Jul-20210.0123
 20-Jul-20210.0113
 13-Jul-20210.0132
 06-Jul-20210.0121
 29-Jun-20210.0124
 22-Jun-20210.0116
IDCW Monthly22-Nov-20210.0359

 20-Oct-20210.0015
 20-Sep-20210.0407
 20-Aug-20210.0745
 19-Jul-20210.0555
 21-Jun-20210.0448
 19-May-20210.1009
 19-Apr-20210.0850
 21-Dec-20200.0393
 19-Nov-20200.0822
 19-Oct-20200.1303
 21-Sep-20200.0450
 19-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
IDCW Quarterly20-Sep-20210.1567

 21-Jun-20210.2143
 21-Dec-20200.2703
 21-Sep-20200.2004
 19-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
IDCW28-Mar-20160.3684

 29-Dec-20140.1628
 19-Sep-20140.7433

Contact Information

AMC: Nippon Life India Asset Management Ltd.

Address: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai - 400013

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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