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Unrated

Nippon India Floating Rate Fund


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 -0.36 -0.03 -0.10 -0.13 1.19 2.88 10.46 8.44 8.04 8.34 8.55
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 3.80 4.01 4.43 4.70
Debt: Floater -0.01 -0.02 -0.03 0.20 1.26 2.88 8.49 7.89 7.72 7.93 8.22
Rank within category 8 7 7 8 4 4 2 1 3 3 3
Number of funds in category 8 8 8 8 7 7 7 5 5 5 5

As on 22-Jan-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  | Invest Online
Unrated
Aug-04 10.46 8.44 8.04 0.57 15,771
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 8.78 8.20 8.06 0.48 15,274
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 9.11 8.12 7.96 1.41 12,059
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 7.79 8.04 8.11 0.39 8,926
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 7.79 8.04 8.11 0.28 8,926

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.64 (24-Mar-2020 - 31-Mar-2020) -1.93 (12-Mar-2020 - 19-Mar-2020)
Month 3.79 (24-Mar-2020 - 23-Apr-2020) -2.11 (20-Feb-2020 - 23-Mar-2020)
Quarter 6.66 (26-Mar-2020 - 25-Jun-2020) -1.15 (21-May-2013 - 20-Aug-2013)
Year 11.88 (12-Jul-2019 - 13-Jul-2020) 3.24 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.39 1.78 2.04 3.54 0.88 4.49
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Floater 7.75 1.17 2.65 4.96 0.24 3.22
Rank within category 1 5 5 4 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-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 111 118 79 89
Modified Duration (yrs) 1.95 2.59 1.95 2.59
Average Maturity (yrs) 2.58 3.01 2.58 3.21
Yield to Maturity (%) 4.65 7.11 4.63 4.18
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
equal 7.32% GOI 28/01/2024 GOI Securities SOV 7.86 - 16.14 12.77
down 6.18% GOI 2024 GOI Securities SOV 0.00 - 11.32 10.81
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 6.99 6.30
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 6.11 3.30
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.08 - 4.13 2.60
equal 7.04% Power Finance Corp. 14/04/2023 Non Convertible Debenture AAA 2.56 - 5.04 2.56
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 2.49 - 6.17 2.49
equal Reliance Industries 17/04/2023 Non Convertible Debenture AAA 0.00 - 3.90 2.32
new 5.60% Tata Capital Housing Finance 2023 Non Convertible Debenture AAA 0.00 - 1.91 1.91
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 2.80 1.84
equal 8.21% Haryana State 31/03/2023 State Development Loan SOV 1.81 - 4.02 1.81
equal 8.50% L&T Infrastructre Finance 17/02/2023 Debenture AAA 0.00 - 3.27 1.66
equal 8.21% Haryana State 31/03/2024 State Development Loan SOV 1.43 - 2.22 1.65
equal HDB Financial Services 2021 Debenture AAA 1.50 - 3.54 1.50
equal 6.30% Rajasthan State 2023 State Development Loan SOV 0.00 - 1.61 1.49
equal 8.60% India Grid Trust 31/08/2028 Non Convertible Debenture AAA 1.46 - 3.81 1.46
equal 7.12% REC 31/03/2023 Non Convertible Debenture AAA 1.35 - 2.74 1.35
equal Tata Capital Financial Services 29/04/2022 Debenture AAA 1.29 - 3.03 1.29
equal Axis Finance 2023 Zero Coupon Bonds AAA 0.00 - 2.29 1.25
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 1.25 - 2.81 1.25
equal First Business Receivable Trust Securitised Debt AAA 0.15 - 0.33 1.21
equal 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 1.58 1.20
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 1.18 1.16
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 0.00 - 1.11 1.09
equal 7.80% Nabha Power 23/04/2023 Debenture AAA 0.00 - 3.32 1.01

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-Dec-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:


-0.03%

Change from previous, NAV as on 22-Jan-2021

Growth: ₹ 34.4677

Dividend Weekly: ₹ 10.3445

More

Dividend Quarterly: ₹ 10.6628

Dividend Monthly: ₹ 10.9779

Dividend Daily: ₹ 10.3369

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: 27-Aug-2004
Return Since Launch: 7.83%
Benchmark: CRISIL Short-Term Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 15,771 Cr (As on 31-Dec-2020)
Expense: 0.57% (As on 31-Dec-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Jan-20210.0014

 21-Jan-20210.0016
 20-Jan-20210.0017
 19-Jan-20210.0017
 18-Jan-20210.0050
 15-Jan-20210.0017
 14-Jan-20210.0016
 13-Jan-20210.0017
 12-Jan-20210.0017
 11-Jan-20210.0049
 08-Jan-20210.0017
 07-Jan-20210.0017
 06-Jan-20210.0017
 05-Jan-20210.0016
 04-Jan-20210.0050
 01-Jan-20210.0017
 31-Dec-20200.0017
 30-Dec-20200.0008
 29-Dec-20200.0017
 28-Dec-20200.0066
 24-Dec-20200.0017
 23-Dec-20200.0017
 22-Dec-20200.0017
 21-Dec-20200.0050
 18-Dec-20200.0016
Dividend Weekly19-Jan-20210.0117

 12-Jan-20210.0117
 05-Jan-20210.0108
 29-Dec-20200.0117
 22-Dec-20200.0117
 15-Dec-20200.0121
 08-Dec-20200.0116
 01-Dec-20200.0116
 24-Nov-20200.0208
 17-Nov-20200.0146
 10-Nov-20200.0127
 03-Nov-20200.0111
 27-Oct-20200.0119
 20-Oct-20200.0132
 13-Oct-20200.0123
 06-Oct-20200.0138
 29-Sep-20200.0188
 22-Sep-20200.0167
 15-Sep-20200.0129
 08-Sep-20200.0127
 01-Sep-20200.0159
 25-Aug-20200.0215
 18-Aug-20200.0183
 11-Aug-20200.0164
 04-Aug-20200.0176
Dividend Monthly21-Dec-20200.0358

 19-Nov-20200.0780
 19-Oct-20200.1257
 21-Sep-20200.0400
 19-Aug-20200.0009
 20-Jul-20200.1801
 19-Jun-20200.1203
 19-May-20200.0848
 20-Apr-20200.2057
 20-Feb-20200.1186
 20-Jan-20200.0305
 19-Dec-20190.0367
 19-Nov-20190.0421
 22-Oct-20190.0526
 19-Sep-20190.0488
 19-Aug-20190.0460
 19-Jul-20190.0640
 19-Jun-20190.0531
 20-May-20190.0307
 22-Apr-20190.0494
 19-Mar-20190.0636
 20-Feb-20190.0480
 21-Jan-20190.0626
 19-Dec-20180.0534
 19-Nov-20180.0381
Dividend Quarterly21-Dec-20200.2673

 21-Sep-20200.1964
 19-Jun-20200.5019
 19-Mar-20200.1938
 19-Dec-20190.1395
 19-Sep-20190.1640
 19-Jun-20190.1554
 19-Mar-20190.1400
 19-Dec-20180.1459
 19-Sep-20180.1078
 19-Mar-20180.0445
 19-Dec-20170.0579
 19-Sep-20170.1491
 19-Jun-20170.1572
 20-Mar-20170.0595
 19-Dec-20160.1488
 19-Sep-20160.1769
 20-Jun-20160.1464
 21-Mar-20160.1005
 21-Dec-20150.1452
 21-Sep-20150.1156
 19-Jun-20150.1335
 19-Mar-20150.1636
 19-Dec-20140.1976
 19-Sep-20140.1645
Dividend28-Mar-20160.3468

 29-Dec-20140.1553
 19-Sep-20140.6972

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

Upcoming Video

Investors' Hangout

Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM