Click here for top ranked funds in floater mutual funds.
However, Scripbox does not recommend investing in floater mutual funds.
Floater Funds are mandated to invest a minimum of 65% of total assets in Floating Rate Instruments.
This is a relatively small category with a limited number of funds.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher interest rate risk.
No single fund can achieve what a plan can. Learn why
Scheme Information
Investment Objective
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.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Nippon Life India Asset Management Ltd manages assets worth 190,624 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 87 equity,369 debt and 34 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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Invest online & transfer
Invest via netbanking, UPI or through an SIP (eNACH mandate).
Track your investments
Track, invest more and withdraw your investments through the Scripbox dashboard
The Scripbox Promise
Scripbox has helped over 2500 people become millionaires in the last 7 years
You'll never have to worry about what funds to choose. We'll suggest what's best for you.
Continuous monitoring & alerts
We will track our recommendations and suggest changes & fund exists whenever required.
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Annual reviews & rebalances
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About Nippon India Floating Rate Fund (DR-D)
About Nippon India Floating Rate Fund (DR-D)
Nippon India Floating Rate Fund (DR-D) is a floater debt fund and has delivered an annualised return of 5.9% over a period of 17 years .The fund was previously known as Reliance FRF Dl DR.The fund is managed by Nippon Life India Asset Management Ltd.The fund managers are Amit Tripathi, Anju Chhajer, Kinjal Desai, Vivek Sharma
Nippon India Floating Rate Fund (DR-D) Investment Objective
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. However, there is no assurance that the objective of the scheme will be realized.
Nippon India Floating Rate Fund (DR-D) NAV,AUM,Risk
The Nippon India Floating Rate Fund (DR-D) fund was launched on Nov 02, 2004. The NAV (Net Asset Value) of this floater debt as of 2021-03-05 is ₹ 10.2623. The total AUM (Asset Under Management) of the fund as of 2021-03-08 is ₹ 16056.849. The category risk of the Nippon India Floating Rate Fund (DR-D) fund is Very High Risk.
The fund charges 0.57 % as expense ratio.
Nippon India Floating Rate Fund (DR-D) Holdings
The fund’s highest allocation is towards debt and has invested 96.2% in this asset class. The top three holdings of the fund are 7.32% govt stock 2024,6.18% govt stock 2024 and 7.35% govt stock 2024
Nippon India Floating Rate Fund (DR-D) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
Nippon India Floating Rate Fund (DR-D) Investment volatility and Horizon
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Short Term Bond Fund TR INR.
Nippon India Floating Rate Fund (DR-D) Review
Nippon India Floating Rate Fund (DR-D) has a score of 3 on a scale of 5. The fund scores 5 out of 5 based on historical performance. As compared to the other funds in its category, Nippon India Floating Rate Fund (DR-D) has a score of 5 out of 5.
The credit risk of the fund is 3 out of 5 as compared to other debt funds.
