- Mutual Funds
- Nippon India Mutual Fund
- Nippon India Floating Rate Fund (G)
Floater funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
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.
Scheme Information
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.
Expense Ratio | 0.6 % |
Launched 20Y ago | 2004-08-27 |
AUM in Crores | 7645.7 |
ISIN | INF204K01CG1 |
Lock-in (days) | No Lock-in |
Benchmark | NIFTY Short Duration Debt Index A-II |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation | 0.8 |
Beta | 1.8 |
Sharpe Ratio | 0.3 |
YTM | - |
Fund Managers
Asset allocation and Holdings
Top Debt Holdings
GOI
5.11%Others
4.52%Small Industries Devp. Bank of India Ltd.
4.2%GOI
3.96%HDB Financial Services Ltd.
3.85%
Comparison with Debt Funds
| Fund Name | Fund Size | |
|---|---|---|
₹ 7,713 cr | ||
₹ 14,724 cr | ||
₹ 9,086 cr | ||
₹ 4,484 cr | ||
₹ 14,987 cr |
Nippon India Floating Rate Fund (G) Review
Nippon India Floating Rate Fund (G) is a Floater Debt fund and has delivered an annualised return of 7.49% over 20 years. The fund has grown over a period of 20 years. The fund is managed by Nippon India Mutual Fund. The fund managers are Anju Chhajer, Vikash Agarwal.
Nav of Nippon India Floating Rate Fund (G) as of 4/9/2025 is ₹44.39 with the total AUM as of 4/11/2025 is ₹7645.68. With Scripbox you can compare and check the latest nav for all mutual funds in India. Nippon India Floating Rate Fund (G) was launched on 2004-08-27. The category risk of the fund is Moderate.
The minimum SIP amount for Nippon India Floating Rate Fund (G) 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. Check your estimated returns on mutual funds by using sip calculator.
Nippon India Floating Rate Fund (G) 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 NIFTY Short Duration Debt Index A-II.
Scripbox has rated it 3 stars, indicating it's a neutral fund in the Debt category and delivered 8.78% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Nippon India Floating Rate Fund (G).