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Unrated

Nippon India Floating Rate Fund - Direct Plan


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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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(₹)
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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 0.43 -0.06 -0.08 0.91 0.68 2.26 9.74 8.52 8.15 8.62 --
CCIL T Bill Liquidity Weight 0.54 0.02 0.02 0.20 0.49 0.99 2.47 3.65 3.86 4.33 --
Debt: Floater 0.60 0.00 0.01 0.73 0.57 2.17 8.32 7.93 7.85 8.21 --
Rank within category 7 10 10 2 5 3 2 1 2 2 --
Number of funds in category 8 10 10 9 8 7 7 5 5 5 0

As on 16-Apr-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 9.74 8.52 8.15 0.24 13,114
HDFC Floating Rate Debt Fund - Direct Plan  | Invest Online
Unrated
Jan-13 8.68 7.99 7.90 0.23 16,559
Aditya Birla Sun Life Floating Rate Fund - Direct Plan  | Invest Online
Unrated
Jan-13 7.57 7.88 7.98 0.22 14,250
ICICI Prudential Floating Interest Fund - Direct Plan  | Invest Now
Unrated
Jan-13 9.25 8.29 8.36 0.68 13,125
Kotak Floating Rate Fund - Direct Plan  | Invest Online
Unrated
May-19 9.81 -- -- 0.22 4,049

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 8.28 1.89 2.02 3.18 1.37 5.00
CCIL T Bill Liquidity Weight 3.60 0.37 -2.39 -5.59 -- --
Debt: Floater 7.72 1.27 2.67 3.96 0.69 3.85
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 31-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 107 126 89 93
Modified Duration (yrs) 1.54 2.30 1.54 1.26
Average Maturity (yrs) 2.36 2.90 2.36 2.38
Yield to Maturity (%) 5.11 7.02 4.63 4.77
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
down 7.32% GOI 28/01/2024 GOI Securities SOV 8.67 - 16.03 8.67
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 7.41 7.41
down 6.18% GOI 2024 GOI Securities SOV 0.00 - 11.32 6.08
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 2.43 - 4.15 2.96
equal Reliance Industries 17/04/2023 Non Convertible Debenture AAA 2.26 - 3.90 2.76
down 6.99% HDFC 13/02/2023 Debenture AAA 2.35 - 5.50 2.35
equal 6.79% Tata Capital 28/12/2023 Non Convertible Debenture AAA 0.00 - 2.29 2.29
equal 5.44% National Bank Agr. Rur. Devp 2024 Debenture AAA 0.00 - 2.29 2.29
equal 5.60% Tata Capital Housing Finance 2023 Non Convertible Debenture AAA 0.00 - 2.28 2.28
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 1.79 - 2.80 2.19
equal 8.50% L&T Infrastructre Finance 17/02/2023 Debenture AAA 1.62 - 2.75 1.98
equal 8.21% Haryana State 31/03/2024 State Development Loan SOV 1.43 - 2.22 1.95
new Aditya Birla Finance 16/03/2023 Non Convertible Debenture AAA 0.00 - 1.91 1.91
equal HDB Financial Services 2021 Debenture AAA 1.46 - 2.57 1.80
equal 8.60% India Grid Trust 31/08/2028 Non Convertible Debenture AAA 1.43 - 2.79 1.77
equal 7.12% REC 31/03/2023 Non Convertible Debenture AAA 1.32 - 1.98 1.61
equal Tata Capital Financial Services 29/04/2022 Debenture AAA 1.27 - 2.22 1.54
equal Axis Finance 2023 Zero Coupon Bonds AAA 1.22 - 1.97 1.51
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 1.22 - 2.04 1.48
equal First Business Receivable Trust Securitised Debt AAA 0.14 - 0.25 1.48
down 7.04% Power Finance Corp. 14/04/2023 Non Convertible Debenture AAA 1.47 - 4.29 1.47
equal 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 1.58 1.43
new National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 1.34 1.34
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 0.00 - 1.27 1.27
equal 7.80% Nabha Power 23/04/2023 Debenture AAA 0.98 - 3.32 1.19

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-Mar-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:


-0.06%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 36.0446

IDCW Weekly: ₹ 10.2770

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IDCW Quarterly: ₹ 10.6145

IDCW Monthly: ₹ 11.2543

IDCW Daily: ₹ 10.2909

IDCW: ₹ 16.1011


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: 8.64%
Benchmark: CRISIL Short-Term Bond TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 13,114 Cr (As on 31-Mar-2021)
Expense: 0.24% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily16-Apr-20210.0018

 15-Apr-20210.0052
 12-Apr-20210.0030
 09-Apr-20210.0011
 08-Apr-20210.0018
 07-Apr-20210.0017
 06-Apr-20210.0018
 05-Apr-20210.0086
 31-Mar-20210.0018
 30-Mar-20210.0063
 26-Mar-20210.0031
 25-Mar-20210.0017
 24-Mar-20210.0018
 23-Mar-20210.0032
 22-Mar-20210.0052
 19-Mar-20210.0018
 18-Mar-20210.0048
 17-Mar-20210.0059
 16-Mar-20210.0008
 15-Mar-20210.0053
 12-Mar-20210.0025
 10-Mar-20210.0009
 09-Mar-20210.0017
 08-Mar-20210.0051
 05-Mar-20210.0022
IDCW Weekly15-Apr-20210.0129

 06-Apr-20210.0121
 30-Mar-20210.0129
 23-Mar-20210.0208
 16-Mar-20210.0096
 09-Mar-20210.0145
 02-Mar-20210.0120
 23-Feb-20210.0142
 16-Feb-20210.0073
 09-Feb-20210.0095
 02-Feb-20210.0104
 27-Jan-20210.0139
 19-Jan-20210.0124
 12-Jan-20210.0124
 05-Jan-20210.0115
 29-Dec-20200.0124
 22-Dec-20200.0124
 15-Dec-20200.0128
 08-Dec-20200.0123
 01-Dec-20200.0123
 24-Nov-20200.0216
 17-Nov-20200.0152
 10-Nov-20200.0134
 03-Nov-20200.0119
 27-Oct-20200.0126
IDCW Monthly21-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
 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
IDCW Quarterly21-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
 19-Dec-20130.1973
 19-Mar-20130.0870
IDCW28-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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