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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.
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.
Low
Moderately Low
Moderate
Moderately High
High
Moderately Low risk
0.54%
Expense Ratio
27th Aug, 2004
Launched (16y ago)
₹
12,158
AUM in Crores
INF204K01CG1
ISIN
No Lock-in
Lock-in
CRISIL Short Term Bond Fund TR INR
Benchmark
₹
1000
SIP Minimum
₹
5000
Lumpsum Min.
Fund Managers
Amit Tripathi
Fund Manager
Anju Chhajer
Fund Manager
Kinjal Desai
Fund Manager
Vivek Sharma
Fund Manager
Returns Calculator Comparison
of
for
Instrument
Returns
Total Corpus
Gains
Annualised %
Mutual Fund
11.25%
EPF
Property
PPF
Bank FD
Gold
Savings Bank
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 ₹ 175,847 crores. It's current offering of mutual fund schemes includes 87 equity, 369 debt and 31 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
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.
Not 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.
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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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.
All week call assistance
Our customer champions are available 7 days a week from 8AM to 8PM.
Annual reviews rebalances
We review your investments and make course corrections every year to
make the best out of your investments
About Nippon India Floating Rate Fund (Growth)
About Nippon India Floating Rate Fund (Growth)
Nippon India Floating Rate Fund (Growth) is a Floater Debt fund and has delivered an annualised return of 7.84% over a period of 16 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 Amit Tripathi, Anju Chhajer, Kinjal Desai, Vivek Sharma.
Nippon India Floating Rate Fund (Growth) 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 (Growth) NAV, AUM and Risk
The fund was launched on 2004-08-27. The NAV of the fund as of 2020-09-18 is ₹ 33.60. The total AUM of the fund as of 2020-09-18 is ₹ 12,158 Cr. The category risk of the fund is Moderately Low risk
The fund charges 0.54 % as expense ratio.
Nippon India Floating Rate Fund (Growth) Holdings
The fund’s highest allocation is towards debt and has invested 96.31% in this asset class.
The top three holdings of the fund are 7.32% govt stock 2024, 7.35% govt stock 2024 and housing development finance corporation limited.
Nippon India Floating Rate Fund (Growth) 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 (Growth) 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.
