Nippon India Floating Rate Fund Direct Growth
Debt
Direct
Floating Rate
NAV as on 23-12-2024
₹ 45.32
Inception Returns
8%
/yr
About Nippon India Floating Rate Fund Direct Growth
Nippon India Floating Rate Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai, Vikash Agarwal. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Floating Rate Fund Direct Growth has ₹7723 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Returns
Nippon India Floating Rate Fund Direct Growth has given a CAGR return of 7.95% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.55%, 6.64% and 7.15% respectively.
Holdings
Nippon India Floating Rate Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent, Industrial, Consumer Defensive, Health. Its top holdings are Small Industries Development Bank Of India, Jamnagar Utilities & Power Private Limited, Indian Railway Finance Corporation Limited, Rural Electrification Corporation Limited, National Bank For Agriculture And Rural Development
Taxation
As it is a floating rate mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Nippon India Floating Rate Fund Direct Growth
The primary objective of the scheme is to generate regular income through investment predominantly in floating rate and money market instruments and fixed rate debt instruments.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Floating Rate Fund Direct Growth has no lock in period.
Historical NAV & Returns
Nippon India Floating Rate Fund Direct Growth Overview
| Expense ratio | 0.31% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹7723 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 131.45% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 7.7K Cr as of Nov'24
- AUM decreased by 98.4 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Corporate & Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Small Industries Development Bank Of India | 4.52% | 0% | |
Jamnagar Utilities & Power Private Limited | 3.52% | 0% | |
Indian Railway Finance Corporation Limited | 3.24% | 0% | |
Rural Electrification Corporation Limited | 3.21% | 0% | |
National Bank For Agriculture And Rural Development | 2.84% | 0% |
Mutual Fund Insights
Nippon India Floating Rate Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹7723 Cr
Expense Ratio 0.31%
Frequently Asked Questions for Nippon India Floating Rate Fund Direct Growth
Nippon India Floating Rate Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.55% | 0.55% |
6 Month Returns | 4.3% | 4.3% |
1 Year Returns | 8.55% | 8.55% |
3 Years Returns | 21.26% | 6.64% |
5 Years Returns | 41.23% | 7.15% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |