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Unrated

Nippon India Floating Rate Fund


Debt: Floater

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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(₹)
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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 9.60 0.09 0.26 1.38 1.52 6.42 11.13 8.14 8.09 8.49 8.58
CCIL T Bill Liquidity Weight 2.68 0.01 0.05 0.22 0.58 1.34 3.27 3.94 4.14 4.58 4.76
Debt: Floater 7.59 0.06 0.22 1.04 1.57 5.34 8.92 7.77 7.78 8.06 8.25
Rank within category 1 2 2 2 4 2 1 2 3 2 3
Number of funds in category 7 7 7 7 7 7 7 5 5 5 5

As on 20-Oct-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 11.13 8.14 8.09 0.57 12,372
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 9.04 8.09 8.11 0.48 13,351
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 9.22 7.76 7.91 1.31 9,844
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 8.81 8.15 8.31 0.36 7,110
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 8.81 8.15 8.31 0.28 7,110

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 7.62 1.82 1.41 2.52 1.21 3.96
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Floater 7.40 1.19 2.09 3.94 0.34 2.73
Rank within category 3 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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 89 106 79 95
Modified Duration (yrs) 2.18 2.59 0.67 1.78
Average Maturity (yrs) 2.77 3.01 0.74 2.23
Yield to Maturity (%) 5.49 7.26 5.34 5.32
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 0.00 - 16.14 9.83
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 6.99 6.87
up 6.18% GOI 2024 GOI Securities SOV 0.00 - 5.64 5.64
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 6.11 4.16
up 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 4.13 3.30
equal 7.04% Power Finance Corp. 14/04/2023 Non Convertible Debenture AAA 0.00 - 5.04 3.22
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 6.17 3.14
equal Reliance Industries 17/04/2023 Non Convertible Debenture AAA 0.00 - 3.90 2.93
equal 8.42% Orissa State 25/07/2023 State Development Loan SOV 0.00 - 5.88 2.82
new 8.67% Uttarakhand State 2023 State Development Loan SOV 0.00 - 2.39 2.39
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 2.80 2.33
equal 8.21% Haryana State 31/03/2023 State Development Loan SOV 0.00 - 4.02 2.28
equal 8.50% L&T Infrastructre Finance 17/02/2023 Debenture AAA 0.00 - 3.27 2.08
equal 8.21% Haryana State 31/03/2024 State Development Loan SOV 0.00 - 2.22 2.07
equal HDB Financial Services 2021 Debenture AAA 1.74 - 3.97 1.91
down 8.60% India Grid Trust 31/08/2028 Non Convertible Debenture AAA 1.79 - 4.32 1.79
equal 7.12% REC 31/03/2023 Non Convertible Debenture AAA 0.00 - 2.74 1.71
equal Tata Capital Financial Services 29/04/2022 Debenture AAA 0.00 - 3.03 1.67
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 0.00 - 2.81 1.57
up 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 1.54 1.54
equal Axis Finance 2023 Zero Coupon Bonds AAA 0.00 - 2.29 1.53
equal 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 1.58 1.50
equal First Business Receivable Trust Securitised Debt AAA 0.16 - 0.35 1.50
equal 7.80% Nabha Power 23/04/2023 Debenture AAA 0.00 - 3.32 1.28
equal 7.70% ICICI Home Finance Company 2022 Non Convertible Debenture AAA 0.00 - 1.28 1.25

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-Sep-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:


0.09%

Change from previous, NAV as on 20-Oct-2020

Growth: ₹ 34.0600

Dividend Weekly: ₹ 10.3845

More

Dividend Quarterly: ₹ 10.8005

Dividend Monthly: ₹ 10.9606

Dividend Daily: ₹ 10.3816

Dividend: ₹ 15.3791


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: 7.88%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 12,372 Cr (As on 30-Sep-2020)
Expense: 0.57% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily19-Oct-20200.0050

 16-Oct-20200.0016
 15-Oct-20200.0021
 14-Oct-20200.0028
 13-Oct-20200.0017
 12-Oct-20200.0053
 09-Oct-20200.0018
 08-Oct-20200.0017
 07-Oct-20200.0018
 06-Oct-20200.0029
 05-Oct-20200.0071
 01-Oct-20200.0017
 30-Sep-20200.0020
 29-Sep-20200.0035
 28-Sep-20200.0100
 25-Sep-20200.0017
 24-Sep-20200.0018
 23-Sep-20200.0018
 22-Sep-20200.0034
 21-Sep-20200.0054
 18-Sep-20200.0018
 17-Sep-20200.0044
 16-Sep-20200.0017
 15-Sep-20200.0018
 14-Sep-20200.0057
Dividend Weekly13-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
 28-Jul-20200.0135
 21-Jul-20200.0196
 14-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
Dividend Monthly21-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
 19-Oct-20180.0376
 20-Aug-20180.0471
 19-Jul-20180.0568
Dividend Quarterly21-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
 19-Jun-20140.1909
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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