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Nippon India Floating Rate Fund download report

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Debt: Floater

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1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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
Nippon India Floating Rate-G 0.89 0.04 0.09 0.27 0.02 0.93 2.95 6.74 6.60 7.10 7.67
CCIL T Bill Liquidity Weight 0.83 -0.02 0.06 0.18 0.33 0.88 1.92 2.68 3.31 3.68 4.25
Debt: Floater 0.88 0.02 0.08 0.08 0.13 0.93 2.76 5.82 6.27 6.77 7.35
Rank within category 8 5 8 3 9 9 4 1 2 3 3
Number of funds in category 12 12 12 12 12 12 10 7 5 5 5

As on 27-Jun-2022

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 2.95 6.74 6.60 0.61% 13,473
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
 Oct-07 2.96 6.14 6.59 0.48% 18,174
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
 Nov-05 1.61 5.80 6.12 1.33% 15,667
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
 Mar-09 3.56 6.06 6.61 0.48% 14,069
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
 Jun-03 3.56 6.06 6.61 0.28% 14,069

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 2.53 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Nippon India Floating Rate-G 6.63 1.81 1.73 3.51 1.95 4.71
CCIL T Bill Liquidity Weight 2.69 0.37 -2.20 -4.41 -- --
Debt: Floater 5.84 1.49 1.61 3.06 1.28 3.38
Rank within category 1 6 3 3 7 1
Number of funds in category 7 7 7 7 7 7

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 130 169 130 73
Modified Duration (yrs) 1.13 1.55 1.11 --
Average Maturity (yrs) 1.51 2.16 1.51 --
Yield to Maturity (%) 5.75 5.75 4.53 --
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 7.35% GOI 22/06/2024 Central Government Loan SOV 4.73 - 7.15 7.15
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 2.18 - 4.64 4.64
equal 5.00% Bajaj Housing Finance 15/09/2023 Non Convertible Debenture AAA 0.00 - 3.59 3.38
equal Reliance Industries 17/04/2023 Non Convertible Debenture AAA 1.75 - 2.61 2.61
equal 6.79% Tata Capital 28/12/2023 Non Convertible Debenture AAA 1.48 - 2.22 2.22
equal 7.68% GOI 15/12/2023 GOI Securities SOV 2.07 - 3.34 2.16
equal 5.60% Tata Capital Housing Finance 2023 Non Convertible Debenture AAA 1.46 - 2.15 2.15
equal Reliance Industries 21/09/2023 Debenture AAA 0.00 - 2.12 2.12
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 1.39 - 2.06 2.06
down 8.50% L&T Finance 17/02/2023 Debenture AAA 1.44 - 2.05 1.99
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 2.61 1.98
equal 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 0.64 - 1.96 1.96
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.00 - 1.91 1.91
equal Aditya Birla Finance 16/03/2023 Non Convertible Debenture AAA 1.23 - 1.87 1.87
equal 5.79% REC 20/03/2024 Debenture AAA 0.58 - 1.82 1.82
down 7.16% GOI 20/05/2023 Central Government Loan SOV 0.38 - 3.23 1.77
equal 7.04% Power Finance Corporation 14/04/2023 Non Convertible Debenture AAA 1.18 - 1.75 1.75
equal 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 1.05 - 1.70 1.70
equal 8.60% India Grid Trust 31/08/2028 Non Convertible Debenture AAA 1.13 - 1.67 1.67
equal First Business Receivable Trust Securitised Debt AAA 0.12 - 0.20 1.53
equal Axis Finance 2023 Zero Coupon Bonds AAA 1.00 - 1.51 1.51
equal 5.84% Tata Capital Financial Services 17/03/2023 Debenture AAA 0.00 - 1.48 1.48
equal 4.82% Tata Capital Financial Services 28/02/2023 Non Convertible Debenture AAA 0.00 - 1.97 1.47
equal 5.75% India Infradebt 15/09/2023 Debenture AAA 0.92 - 1.39 1.39
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 0.93 - 1.37 1.37

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-2022

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:

Invest Online
0.04%

Change from previous, NAV as on 27-Jun-2022

Growth: ₹ 36.2058

IDCW Weekly: ₹ 10.2209

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IDCW Quarterly: ₹ 10.7121

IDCW Monthly: ₹ 10.9982

IDCW Daily: ₹ 10.2152

IDCW: ₹ 16.3479

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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 100
Min. 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: 7.48%
Benchmark: CRISIL Short-Term Bond Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 13,473 Cr (As on 31-May-2022)
Expense: 0.61% (As on 31-May-2022)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-May-20220.0015

 07-Apr-20220.0014
 05-Apr-20220.0029
 04-Apr-20220.0046
 31-Mar-20220.0021
 30-Mar-20220.0017
 29-Mar-20220.0004
 28-Mar-20220.0047
 25-Mar-20220.0021
 24-Mar-20220.0021
 23-Mar-20220.0001
 22-Mar-20220.0001
 21-Mar-20220.0061
 17-Mar-20220.0038
 15-Mar-20220.0062
 14-Mar-20220.0010
 28-Feb-20220.0011
 23-Feb-20220.0031
 22-Feb-20220.0005
 21-Feb-20220.0019
 18-Feb-20220.0035
 17-Feb-20220.0001
 16-Feb-20220.0011
 14-Feb-20220.0053
 11-Feb-20220.0041
IDCW Monthly19-Apr-20220.0055

 21-Mar-20220.0229
 21-Feb-20220.0450
 19-Jan-20220.0251
 20-Dec-20210.0214
 22-Nov-20210.0342
 20-Sep-20210.0372
 20-Aug-20210.0702
 19-Jul-20210.0519
 21-Jun-20210.0409
 19-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
IDCW Weekly05-Apr-20220.0114

 29-Mar-20220.0094
 22-Mar-20220.0100
 15-Mar-20220.0114
 22-Feb-20220.0071
 15-Feb-20220.0254
 08-Feb-20220.0021
 25-Jan-20220.0121
 18-Jan-20220.0106
 11-Jan-20220.0034
 14-Dec-20210.0079
 07-Dec-20210.0140
 30-Nov-20210.0047
 23-Nov-20210.0108
 16-Nov-20210.0108
 09-Nov-20210.0111
 02-Nov-20210.0105
 26-Oct-20210.0085
 20-Oct-20210.0128
 12-Oct-20210.0112
 05-Oct-20210.0112
 28-Sep-20210.0104
 21-Sep-20210.0109
 14-Sep-20210.0106
 07-Sep-20210.0110
IDCW Quarterly21-Mar-20220.0698

 20-Dec-20210.0498
 20-Sep-20210.1510
 21-Jun-20210.2090
 21-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
IDCW28-Mar-20160.3468

 29-Dec-20140.1553
 19-Sep-20140.6972

Registrar & Transfer Agent: KFin Technologies 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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