Nippon India Floating Rate Fund Direct Growth
DebtFloating RateModerate Risk
Direct
NAV (17-May-24)
₹43.110.01%1D
Returns (Since Inception)
7.91%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹7,946 Cr
Expense Ratio
0.31%
ISIN
INF204K01E05
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Nippon India Floating Rate Fund Direct Growth is a Floating Rate mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 11 years, 4 months and 17 days, having been launched on 01-Jan-13.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹43.11, Assets Under Management (AUM) of 7946.15 Crores, and an expense ratio of 0.31%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹43.11, Assets Under Management (AUM) of 7946.15 Crores, and an expense ratio of 0.31%.
- Nippon India Floating Rate Fund Direct Growth has given a CAGR return of 7.91% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 92.03% in debts, and 7.73% in cash & cash equivalents.
- You can start investing in Nippon India Floating Rate Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.53%
+6.59% (Cat Avg.)
3 Years
+5.84%
+5.37% (Cat Avg.)
5 Years
+7.26%
+6.20% (Cat Avg.)
10 Years
+7.78%
+6.29% (Cat Avg.)
Since Inception
+7.91%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Debt | ₹7,313.05 Cr | 92.03% |
| Others | ₹633.1 Cr | 7.97% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 7.72% Govt Stock 2028 | Bond - Gov't/Treasury | ₹595.29 Cr | 7.49% |
| HDB Financial Services 8.04% | Bond - Corporate Bond | ₹348.64 Cr | 4.39% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹325.05 Cr | 4.09% |
| 8.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹306.22 Cr | 3.85% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹299.28 Cr | 3.77% |
| Jamnagar Utilities & Power Private Limited | Bond - Corporate Bond | ₹270.34 Cr | 3.40% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹250.1 Cr | 3.15% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹249.87 Cr | 3.14% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹239.41 Cr | 3.01% |
| ICICI Home Finance Company Limited | Bond - Corporate Bond | ₹239.31 Cr | 3.01% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹209.98 Cr | 2.64% |
| State Bank Of India | Bond - Corporate Bond | ₹208.97 Cr | 2.63% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹201.46 Cr | 2.54% |
| 7.17% Govt Stock 2030 | Bond - Gov't/Treasury | ₹199.58 Cr | 2.51% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹195.24 Cr | 2.46% |
| 06.90 OIL SPL 2026 | Bond - Gov't Agency Debt | ₹184.48 Cr | 2.32% |
| LIC Housing Finance Ltd. 7.84% | Bond - Corporate Bond | ₹174.69 Cr | 2.20% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹163.38 Cr | 2.06% |
| Net Current Assets | Cash | ₹162.28 Cr | 2.04% |
| Toyota Financial Services India Limited | Bond - Corporate Bond | ₹150.3 Cr | 1.89% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹141.1 Cr | 1.78% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹140.66 Cr | 1.77% |
| Canara Bank | Cash - CD/Time Deposit | ₹124.83 Cr | 1.57% |
| Mahindra And Mahindra Limited | Bond - Corporate Bond | ₹124.48 Cr | 1.57% |
| 7.37% Govt Stock 2028 | Bond - Gov't/Treasury | ₹100.65 Cr | 1.27% |
| Tata Capital Limited | Bond - Corporate Bond | ₹100.2 Cr | 1.26% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹99.48 Cr | 1.25% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹96.36 Cr | 1.21% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹90.18 Cr | 1.13% |
| Kotak Mahindra Investments Limited | Bond - Corporate Bond | ₹87.89 Cr | 1.11% |
| Rec Limited | Bond - Corporate Bond | ₹82.58 Cr | 1.04% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹81.11 Cr | 1.02% |
| Bajaj Housing Finance Ltd. 7.78% | Bond - Corporate Bond | ₹74.61 Cr | 0.94% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹74.59 Cr | 0.94% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹74.36 Cr | 0.94% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹70.42 Cr | 0.89% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹63.04 Cr | 0.79% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹59.53 Cr | 0.75% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹59.09 Cr | 0.74% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹59.03 Cr | 0.74% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹50.31 Cr | 0.63% |
| 07.49 GJ Sdl 2028 | Bond - Gov't/Treasury | ₹50.07 Cr | 0.63% |
| Nomura Capital (India) Pvt. Ltd. | Bond - Corporate Bond | ₹50.03 Cr | 0.63% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹49.98 Cr | 0.63% |
| Nomura Capital (India) Pvt. Ltd. | Bond - Corporate Bond | ₹49.96 Cr | 0.63% |
| Tata Communications Limited | Bond - Corporate Bond | ₹49.91 Cr | 0.63% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹49.89 Cr | 0.63% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹49.64 Cr | 0.62% |
| L&T Metro Rail (Hyderabad) Limited | Bond - Corporate Bond | ₹49.23 Cr | 0.62% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹48.98 Cr | 0.62% |
| Panatone Finvest Limited | Cash - Commercial Paper | ₹47.3 Cr | 0.60% |
| Tata Capital Financial Services Limited | Bond - Corporate Bond | ₹44.86 Cr | 0.56% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹44.77 Cr | 0.56% |
| Pipeline Infrastructure Ltd. 7.96% | Bond - Corporate Bond | ₹44.1 Cr | 0.55% |
| Pipeline Infrastructure Ltd. 7.96% | Bond - Corporate Bond | ₹43.9 Cr | 0.55% |
| National Bank for Agriculture and Rural Development 7.62% | Bond - Gov't Agency Debt | ₹39.81 Cr | 0.50% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹34.71 Cr | 0.44% |
| Triparty Repo | Cash - Repurchase Agreement | ₹33.08 Cr | 0.42% |
| 07.17 GJ Sdl 2027 | Bond - Gov't/Treasury | ₹29.81 Cr | 0.38% |
| FIRST BUSINESS RECEIVABLES TRUST | Bond - Asset Backed | ₹29.63 Cr | 0.37% |
| Rec Limited | Bond - Corporate Bond | ₹26.07 Cr | 0.33% |
| 8.34% Govt Stock 2033 | Bond - Gov't/Treasury | ₹25.59 Cr | 0.32% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹24.95 Cr | 0.31% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹24.94 Cr | 0.31% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹24.91 Cr | 0.31% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹24.88 Cr | 0.31% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹24.88 Cr | 0.31% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.86 Cr | 0.31% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹18.76 Cr | 0.24% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10.07 Cr | 0.13% |
| L&T Finance Holdings Limited | Bond - Corporate Bond | ₹9.93 Cr | 0.12% |
| Goi 12.04.2026 Gov | Bond - Gov't/Treasury | ₹5.28 Cr | 0.07% |
| 08.67 KA Sdl 2026 | Bond - Gov't/Treasury | ₹5.11 Cr | 0.06% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹5.04 Cr | 0.06% |
| 08.08 KA Sdl 2025 | Bond - Gov't/Treasury | ₹5.04 Cr | 0.06% |
| 09.19 KL Sdl 2024 | Bond - Gov't/Treasury | ₹5.01 Cr | 0.06% |
| Aditya Birla Finance Limited | Bond - Corporate Bond | ₹4.97 Cr | 0.06% |
| 07.47 GJ Sgs 2025 | Bond - Gov't/Treasury | ₹3.22 Cr | 0.04% |
| Goi 12.10.2024 Gov | Bond - Gov't/Treasury | ₹1.64 Cr | 0.02% |
| Goi 12.10.2025 Gov | Bond - Gov't/Treasury | ₹1.53 Cr | 0.02% |
| Cash Margin - Ccil | Cash - Collateral | ₹0.7 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (16/11/2024) (Fv 20000 Lacs) | Interest Rate Swap | ₹0.28 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (22/11/2024) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.22 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (23/11/2024) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.14 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (28/05/2024) (Fv 25000 Lacs) | Interest Rate Swap | ₹0.04 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (24/05/2024) (Fv 25000 Lacs) | Interest Rate Swap | ₹0.03 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (15/05/2024) (Fv 25000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (21/06/2024) (Fv 30000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (05/06/2024) (Fv 25000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (20/05/2024) (Fv 25000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (29/05/2024) (Fv 25000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (05/06/2024) (Fv 15000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (26/06/2024) (Fv 30000 Lacs) | Interest Rate Swap | ₹0 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹5,758.96 Cr | 72.47% |
| Bond - Gov't/Treasury | ₹1,334.02 Cr | 16.79% |
| Cash - CD/Time Deposit | ₹336.35 Cr | 4.23% |
| Bond - Gov't Agency Debt | ₹224.29 Cr | 2.82% |
| Cash | ₹162.28 Cr | 2.04% |
| Cash - Commercial Paper | ₹47.3 Cr | 0.60% |
| Cash - Repurchase Agreement | ₹33.08 Cr | 0.42% |
| Bond - Asset Backed | ₹29.63 Cr | 0.37% |
| Mutual Fund - Open End | ₹18.76 Cr | 0.24% |
| Interest Rate Swap | ₹0.79 Cr | 0.01% |
| Cash - Collateral | ₹0.7 Cr | 0.01% |
Risk & Performance Ratios
Standard Deviation
This fund
0.90%
Cat. avg.
1.21%
Lower the better
Sharpe Ratio
This fund
0.31
Cat. avg.
-0.07
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.27
Higher the better
Fund Managers
Anju Chhajer
Since February 2020
KD
Kinjal Desai
Since May 2018
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF204K01E05 | Expense Ratio | 0.31% | Exit Load | No Charges | Fund Size | ₹7,946 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Short Term Bond TR INR |
|---|
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Withdrawal (irrespective of holding period)
Realised Gain (capital gains) are taxed at your marginal income tax rate
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Floating Rate Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| DSP Floater Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹881.80 Cr | 8.3% |
| DSP Floater Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹881.80 Cr | 8.0% |
| Axis Floater Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹252.36 Cr | 7.8% |
| Axis Floater Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹252.36 Cr | 7.4% |
| Franklin India Floating Rate Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹271.22 Cr | 7.7% |
| Nippon India Floating Rate Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹7946.15 Cr | 7.2% |
| ICICI Prudential Floating Interest Fund Regular Growth Low to Moderate Risk | 1.3% | 0.0% | ₹9866.99 Cr | 7.9% |
| HDFC Floating Rate Debt Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹14482.53 Cr | 8.1% |
| Franklin India Floating Rate Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹271.22 Cr | 8.5% |
| Aditya Birla Sun Life Floating Rate Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹12773.11 Cr | 7.8% |
About the AMC
Total AUM
₹4,54,004 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
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Still got questions?
We're here to help.
What is the current NAV of Nippon India Floating Rate Fund Direct Growth?
The NAV of Nippon India Floating Rate Fund Direct Growth, as of 17-May-2024, is ₹43.11.
What are the returns of Nippon India Floating Rate Fund Direct Growth?
The fund has generated 7.53% over the last 1 year and 5.84% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Nippon India Floating Rate Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 92.03% in bonds, and 7.73% in cash and cash equivalents.
Who manages the Nippon India Floating Rate Fund Direct Growth?
The fund managers responsible for Nippon India Floating Rate Fund Direct Growth are:-
- Anju Chhajer
- Kinjal Desai
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.