- Mutual Funds
- Nippon Mutual Fund
- Nippon India Floating Rate Fund (Growth)
Formerly Reliance FRF Gr
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.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 37.6886
NAV (Mar 21)
Fund Returns
Last 1Y | 4.2% |
Last 3Y | 6.6% |
Last 5Y | 6.7% |
Last 10Y | 7.4% |
Since Inception | 7.4% |
6 Month CAGR | 2.9% |
Scheme Information
The fund will endeavour to invest in high quality AAA/A1+ rated papers. SEBI restriction of up to 65% investments in floating rate instruments will be taken care through a mix of OIS trades & floating rate instruments.
Expense Ratio | 0.6 |
Launched (19y ago) | Aug 27, 2004 |
AUM in Crores | 7247.840 |
ISIN | INF204K01CG1 |
Lock-in | No Lock-in |
Benchmark | CRISIL Short Term Bond Fund TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 1.7 |
Standard Deviation (5yr) | 1.7 |
Beta (3yr) | 0.94 |
Beta (5yr) | 0.93 |
Sharpe Ratio (3yr) | 0.813 |
Sharpe Ratio (5yr) | 0.962 |
YTM | 7.73 |
Returns Calculator Comparison
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for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Nippon India Floating Rate Fund (Growth) | 861,233 | 128,621 | 6.7% | |
| EPF | 900,761 | 168,149 | 8.50% | |
| Property | 867,662 | 135,050 | 7.00% | |
| PPF | 869,819 | 137,207 | 7.10% | |
| Bank FD | 846,471 | 113,859 | 6.00% | |
| Gold | 846,471 | 113,859 | 6.00% | |
| Savings Bank | 825,950 | 93,338 | 5.00% |
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.
Asset allocation and Holdings
Top Debt Holdings
small industries development bank of india
7.1%7.01 10/4/2028 12:00:00 am
6.4%power finance corporation ltd.
5.5%hdb financial services 8.04%
4.8%7.59 1/11/2026 12:00:00 am
4.7%Compare Nippon India Floating Rate Fund (Growth)
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 49,144 cr | ||
₹ 13,831 cr | ||
₹ 18,485 cr | ||
₹ 12,884 cr | ||
₹ 49,144 cr |
About the AMC
Nippon Life India Asset Management Ltd
Nippon Life India Asset Management Ltd manages assets worth 241,523 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 99 equity,377 debt and 32 hybrid funds.
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
29.5% | 15% | ||
4.1% | 6.8% | ||
4.1% | 6.6% | ||
30.6% | 17.2% | ||
4.1% | 5.5% |
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 7.4% over a period of 18 years. The fund was previously known as Reliance FRF Gr. The fund is managed by Nippon Life India Asset Management Ltd. The fund managers are Akshay Sharma, Anju Chhajer, Kinjal Desai.
Nav of Nippon India Floating Rate Fund (G) as of 3/21/2023 is ₹37.69 with the total AUM as of 3/23/2023 is ₹7247.84. 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 Aug 27, 2004. The category risk of the fund is Low to Moderate Risk.
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 CRISIL Short Term Bond Fund TR INR.
Nippon India Floating Rate Fund (G) is rated as a 3 fund in Debt and delivered 4.2% 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).
Frequently Asked Questions
What is Nippon India Floating Rate Fund (G)?
How to invest in Nippon India Floating Rate Fund (G)?
You can invest in Nippon India Floating Rate Fund (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Nippon India Floating Rate Fund (G)?
The minimum sip amount for Nippon India Floating Rate Fund (G) is ₹1000. You can invest in multiples of ₹5000.
Is Nippon India Floating Rate Fund (G) good to invest in?
As per Scripbox experts, Nippon India Floating Rate Fund (G) is a Neutral fund. You can investNippon India Floating Rate Fund (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Nippon India Floating Rate Fund (G)?
The expense ratio of the Nippon India Floating Rate Fund (G) is 0.6% for regular plan.