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Unrated

Nippon India Floating Rate Fund


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.08 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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(₹)
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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 1.80 0.04 0.25 0.63 2.22 2.15 7.72 8.90 7.79 8.12 8.39
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 4.62
Debt: Floater 1.68 0.04 0.21 0.57 1.63 2.06 6.90 7.80 7.40 7.67 8.06
Rank within category 3 6 2 4 2 3 3 1 1 1 3
Number of funds in category 8 10 10 10 9 8 7 5 5 5 5

As on 11-Jun-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 7.72 8.90 7.79 0.57 15,676
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 7.43 8.04 7.74 0.48 17,250
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 6.28 7.89 7.75 0.28 14,324
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 6.28 7.89 7.75 0.38 14,324
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 7.85 7.91 7.56 1.32 12,113

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 8.42 1.73 2.38 3.83 1.08 4.96
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Floater 7.49 1.22 2.64 4.01 0.62 3.67
Rank within category 1 5 4 3 4 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-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 131 138 92 96
Modified Duration (yrs) 1.54 2.28 1.54 --
Average Maturity (yrs) 2.24 2.90 2.24 --
Yield to Maturity (%) 4.84 6.29 4.63 --
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 7.32% GOI 28/01/2024 GOI Securities SOV 6.56 - 16.03 9.71
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 3.12 - 7.41 6.23
up 7.68% GOI 15/12/2023 GOI Securities SOV 0.00 - 3.72 3.72
down 6.18% GOI 2024 GOI Securities SOV 1.51 - 11.32 3.07
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 2.43 - 3.33 2.48
up 8.90% State Bank of India Additional Tier 2 Bond AAA 0.00 - 2.45 2.45
equal Reliance Industries 17/04/2023 Non Convertible Debenture AAA 2.26 - 3.10 2.31
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 2.00 2.00
up 5.44% National Bank Agr. Rur. Devp 2024 Debenture AAA 0.00 - 2.29 1.96
equal 6.99% HDFC 13/02/2023 Debenture AAA 1.96 - 4.41 1.96
equal 6.79% Tata Capital 28/12/2023 Non Convertible Debenture AAA 0.00 - 2.29 1.94
equal 5.60% Tata Capital Housing Finance 2023 Non Convertible Debenture AAA 0.00 - 2.28 1.92
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 1.79 - 2.52 1.83
up 8.50% L&T Infrastructre Finance 17/02/2023 Debenture AAA 1.62 - 2.19 1.77
new Reliance Industries Corporate Bond Repo -- 0.00 - 1.71 1.71
equal Aditya Birla Finance 16/03/2023 Non Convertible Debenture AAA 0.00 - 1.91 1.61
equal 8.60% India Grid Trust 31/08/2028 Non Convertible Debenture AAA 1.43 - 2.19 1.48
equal 8.64% Madhya Pradesh State 20/02/2023 State Development Loan SOV 0.00 - 1.54 1.40
equal 7.12% REC 31/03/2023 Non Convertible Debenture AAA 1.32 - 1.74 1.35
equal Tata Capital Financial Services 29/04/2022 Debenture AAA 1.27 - 1.76 1.29
new 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 1.28 1.28
equal National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 1.42 1.28
equal Axis Finance 2023 Zero Coupon Bonds AAA 1.22 - 1.59 1.28
equal First Business Receivable Trust Securitised Debt AAA 0.14 - 0.20 1.25
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 1.22 - 1.66 1.24

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-May-2021

*As on 30-Apr-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:


0.04%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 35.2160

IDCW Weekly: ₹ 10.3329

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IDCW Quarterly: ₹ 10.8943

IDCW Monthly: ₹ 11.0471

IDCW Daily: ₹ 10.3250

IDCW: ₹ 15.9010


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: 27-Aug-2004
Return Since Launch: 7.78%
Benchmark: CRISIL Short-Term Bond TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 15,676 Cr (As on 31-May-2021)
Expense: 0.57% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily11-Jun-20210.0016

 10-Jun-20210.0016
 09-Jun-20210.0017
 08-Jun-20210.0017
 07-Jun-20210.0049
 04-Jun-20210.0016
 03-Jun-20210.0017
 02-Jun-20210.0011
 01-Jun-20210.0018
 31-May-20210.0042
 27-May-20210.0032
 25-May-20210.0017
 24-May-20210.0049
 21-May-20210.0016
 20-May-20210.0017
 19-May-20210.0016
 18-May-20210.0016
 17-May-20210.0050
 14-May-20210.0033
 12-May-20210.0016
 11-May-20210.0017
 10-May-20210.0046
 07-May-20210.0017
 06-May-20210.0029
 05-May-20210.0011
IDCW Weekly08-Jun-20210.0110

 01-Jun-20210.0110
 25-May-20210.0115
 18-May-20210.0115
 11-May-20210.0120
 04-May-20210.0141
 27-Apr-20210.0116
 20-Apr-20210.0082
 15-Apr-20210.0120
 06-Apr-20210.0115
 30-Mar-20210.0122
 23-Mar-20210.0202
 16-Mar-20210.0089
 09-Mar-20210.0138
 02-Mar-20210.0114
 23-Feb-20210.0135
 16-Feb-20210.0066
 09-Feb-20210.0088
 02-Feb-20210.0098
 27-Jan-20210.0131
 19-Jan-20210.0117
 12-Jan-20210.0117
 05-Jan-20210.0108
 29-Dec-20200.0117
 22-Dec-20200.0117
IDCW Monthly19-May-20210.0963

 19-Apr-20210.0714
 21-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
IDCW 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
IDCW28-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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