• Mutual Funds
  • Nippon India Mutual Fund
  • Nippon India Floating Rate Fund (G)
Nippon Mutual Fund

Nippon India Floating Rate Fund (G)

DebtFloater

42.8392

NAV (Nov 11)

6.194%
3 Year CAGR
Scripbox Opinion
Neutral
Click here for top ranked funds in floater mutual funds.

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.

Our analysis of this fundLearn how we rate funds ->

Category Leader

The fund has been a Category Leader on the Consistency of Credit Quality metric

Fund Size

Good

The performance of the fund on a Fund Size metric has been Good

Scripbox Recommended Debt Funds
Want the Debt funds that are right for your short term investment needs?Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

42.8392

NAV (Nov 11)

Fund Returns

Last 1Y
8.3%
Last 3Y
6.2%
Last 5Y
6.8%
Last 10Y
7.3%
Since Inception
7.5%
6 Month CAGR
4.4%

Scheme Information

Investment Objective

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
7821.5
ISIN
INF204K01CG1
Lock-in (days)
No Lock-in
Benchmark
NIFTY Short Duration Debt Index A-II
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
-
Standard Deviation
0.9
Beta
1.9
Sharpe Ratio
0.1
YTM
-
Fund Managers

Anju Chhajer

Fund Manager

Vikash Agarwal

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Nippon India Floating Rate Fund (G)70%8,63,862 1,31,2506.8%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

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

Last updated on 2024-05-16

Top Debt Holdings

GOI

5.11%
5.11%

Others

4.52%
4.52%

Small Industries Devp. Bank of India Ltd.

4.2%
4.2%

GOI

3.96%
3.96%

HDB Financial Services Ltd.

3.85%
3.85%
See all holdings

Comparison with Debt Funds

Fund NameFund Size
hdfc
HDFC Floating Rate Debt Fund (G)

₹ 14,839 cr

₹ 4,550 cr

₹ 7,945 cr

₹ 12,473 cr

₹ 4,616 cr

amc-img

About the AMC

Nippon India Mutual Fund

Reliance Nippon India Mutual Fund was established in 1996. It is a joint venture between India's Reliance Mutual Fund and Japan's Nippon Life Insurance Company. It is india's top asset management company with a total AUM of Rs 1.8 Lac Crore with about 91.9 lac active folios. It is the first compnay to be listed and traded on both the NSE and Bombay Stock Exchange (BSE).amc-img
Fund NameScripbox Opinion
Till Date CAGR

6.1%

6.9%

6.8%

8.8%

18.9%

13.3%

15.8%

20.8%

14.3%

8.3%

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 7.46% 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 11/11/2024 is ₹42.84 with the total AUM as of 11/14/2024 is ₹7821.51. 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 8.26% 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)?

It is a Floater Debt scheme predominantly investing across Debt instruments with an investment objective to generate wealth over the long term.

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?

According to Scripbox opinion, it is a 3-star fund. You can invest in this fund if its investment objective and risk level align with your 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.

What is the NAV of Nippon India Floating Rate Fund (G)?

Today's Nippon India Floating Rate Fund (G) NAV is ₹42.84.