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 Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 years₹ 42.8392
NAV (Nov 11)
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% |
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 | - |
of
for
with step up of
Asset | Returns | Total Corpus | Gains | CAGR |
---|---|---|---|---|
Nippon India Floating Rate Fund (G) | 8,63,862 | 1,31,250 | 6.8% | |
EPF | 9,00,761 | 1,68,149 | 8.50% | |
Property | 8,67,662 | 1,35,050 | 7.00% | |
PPF | 8,69,819 | 1,37,207 | 7.10% | |
Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
Gold | 8,46,471 | 1,13,859 | 6.00% | |
Savings Bank | 8,25,950 | 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.
GOI
5.11%Others
4.52%Small Industries Devp. Bank of India Ltd.
4.2%GOI
3.96%HDB Financial Services Ltd.
3.85%Fund Name | Fund Size | |
---|---|---|
₹ 14,839 cr | ||
₹ 4,550 cr | ||
₹ 7,945 cr | ||
₹ 12,473 cr | ||
₹ 4,616 cr |
Nippon India Mutual Fund
Fund Name | Scripbox 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) 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).
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?
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.