- Mutual Funds
- Nippon India Mutual Fund
- Nippon India Floating Rate Fund (RIDCW-Q)
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.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 11.069
NAV (Sep 6)
Fund Returns
Last 1Y | 7.7% |
Last 3Y | 5.7% |
Last 5Y | 6.8% |
Last 10Y | 7.3% |
Since Inception | 7.4% |
6 Month CAGR | 4.2% |
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 (0y ago) | 0.6 |
AUM in Crores | 7708.1 |
ISIN | INF204K01HL0 |
Lock-in | |
Benchmark | NIFTY Short Duration Debt Index A-II |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | |
Standard Deviation | 0.9 |
Beta | 1.8 |
Sharpe Ratio | 0 |
YTM |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Nippon India Floating Rate Fund (RIDCW-Q) | 8,62,557 | 1,29,945 | 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.
Asset allocation and Holdings
Top Debt Holdings
GOI
5.1%Others
4.5%Small Industries Devp. Bank of India Ltd.
4.2%GOI
4%HDB Financial Services Ltd.
3.9%Comparison with Debt Funds
| Fund Name | Fund Size | |
|---|---|---|
₹ 4,457 cr | ||
₹ 9,577 cr | ||
₹ 8,093 cr | ||
₹ 15,209 cr | ||
₹ 4,566 cr |
About the AMC
Nippon India Mutual Fund
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
5.85% | 6.865% | ||
6.782% | 8.857% | ||
18.132% | 21.059% | ||
22.48% | 13.701% | ||
13.49% | 7.932% |
Nippon India Floating Rate Fund (RIDCW-Q) Review
Nippon India Floating Rate Fund (RIDCW-Q) is a Debt Debt fund and has delivered an annualised return of 7.445% over a period of 54 years. The fund is managed by Nippon India Mutual Fund. The fund manager’s name is [object Object].
Nav of Nippon India Floating Rate Fund (RIDCW-Q) as of 9/6/2024 is ₹11.07 with the total AUM as of 9/7/2024 is ₹7708.0534. With Scripbox you can compare and check the latest nav for all mutual funds in India. Nippon India Floating Rate Fund (RIDCW-Q) was launched on null. The category risk of the fund is Average.
The minimum SIP amount for Nippon India Floating Rate Fund (RIDCW-Q) 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 (RIDCW-Q) 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.
Nippon India Floating Rate Fund (RIDCW-Q) is rated as a 3 fund in Debt and delivered 7.718% 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 (RIDCW-Q).
Frequently Asked Questions
What is Nippon India Floating Rate Fund (RIDCW-Q)?
How to invest in Nippon India Floating Rate Fund (RIDCW-Q)?
You can invest in Nippon India Floating Rate Fund (RIDCW-Q) 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 (RIDCW-Q)?
The minimum sip amount for Nippon India Floating Rate Fund (RIDCW-Q) is ₹1000. You can invest in multiples of ₹5000.
Is Nippon India Floating Rate Fund (RIDCW-Q) good to invest in?
As per Scripbox experts, Nippon India Floating Rate Fund (RIDCW-Q) is a 3 fund. You can investNippon India Floating Rate Fund (RIDCW-Q) 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 (RIDCW-Q)?
The expense ratio of the Nippon India Floating Rate Fund (RIDCW-Q) is 0.6% for regular plan.