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Unrated

Nippon India Floating Rate Fund


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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(₹)
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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 7.69 -0.08 0.35 2.34 5.90 7.48 11.69 8.19 8.25 8.42 8.56
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 4.79
Debt: Floater 5.76 -0.03 0.34 1.91 4.25 5.49 9.38 7.75 7.86 8.11 8.22
Rank within category 1 7 3 2 1 1 1 2 2 3 3
Number of funds in category 7 7 7 7 7 7 7 5 5 5 5

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  | Invest Online
Unrated
Aug-04 11.69 8.19 8.25 0.55 11,636
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 9.35 8.01 8.18 0.48 9,331
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 9.49 8.20 8.46 0.36 6,360
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 9.49 8.20 8.46 0.28 6,360
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 9.36 7.61 7.94 1.32 6,291

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 11.84 (11-Jul-2019 - 10-Jul-2020) 3.24 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.76 1.78 1.38 2.37 1.11 3.83
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Floater 7.39 1.16 1.89 3.49 0.24 2.38
Rank within category 2 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 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:


-0.08%

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

Growth: ₹ 33.4682

Dividend Weekly: ₹ 10.4262

More

Dividend Quarterly: ₹ 10.8083

Dividend Monthly: ₹ 11.1142

Dividend Daily: ₹ 10.4233

Dividend: ₹ 15.1118


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: 27-Aug-2004
Return Since Launch: 7.90%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 11,636 Cr (As on 30-Jun-2020)
Expense: 0.55% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Jul-20200.0018

 13-Jul-20200.0055
 10-Jul-20200.0018
 09-Jul-20200.0019
 08-Jul-20200.0020
 07-Jul-20200.0018
 06-Jul-20200.0055
 03-Jul-20200.0018
 02-Jul-20200.0019
 01-Jul-20200.0018
 30-Jun-20200.0030
 29-Jun-20200.0054
 26-Jun-20200.0024
 25-Jun-20200.0021
 24-Jun-20200.0018
 23-Jun-20200.0018
 22-Jun-20200.0054
 19-Jun-20200.0018
 18-Jun-20200.0018
 17-Jun-20200.0019
 16-Jun-20200.0018
 15-Jun-20200.0077
 12-Jun-20200.0018
 11-Jun-20200.0018
 10-Jun-20200.0018
Dividend Weekly14-Jul-20200.0130

 07-Jul-20200.0129
 30-Jun-20200.0147
 23-Jun-20200.0126
 16-Jun-20200.0150
 09-Jun-20200.0137
 02-Jun-20200.0061
 26-May-20200.0151
 19-May-20200.0143
 12-May-20200.0330
 05-May-20200.0178
 28-Apr-20200.0089
 21-Apr-20200.0489
 31-Mar-20200.0309
 11-Mar-20200.0113
 03-Mar-20200.0148
 25-Feb-20200.0092
 18-Feb-20200.0089
 11-Feb-20200.0221
 04-Feb-20200.0192
 28-Jan-20200.0198
 21-Jan-20200.0116
 14-Jan-20200.0053
 07-Jan-20200.0092
 31-Dec-20190.0074
Dividend Monthly19-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
 19-Oct-20180.0376
 20-Aug-20180.0471
 19-Jul-20180.0568
 19-Jun-20180.0254
 19-Apr-20180.0607
 19-Mar-20180.0441
Dividend Quarterly19-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
 19-Jun-20140.1909
 19-Mar-20140.1522
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

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