• Mutual Funds
  • Nippon Mutual Fund
  • Nippon India Floating Rate Fund (RIDCW-Q)

Formerly Nippon India FRF Qt DR

Nippon Mutual Fund

Nippon India Floating Rate Fund (RIDCW-Q)

DebtFloater

11.0302

NAV (Jun 14)

2.3%
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.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Good

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

Rolling Returns

Category Leader

The fund has been a Category Leader on the Rolling Returns metric

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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

11.0302

NAV (Jun 14)

Fund Returns

Last 1Y
7.3%
Last 3Y
5.5%
Last 5Y
6.8%
Last 10Y
7.3%
Since Inception
7.4%
6 Month CAGR
3.9%

Scheme Information

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.

Expense Ratio
0.6
Launched (14y ago)
Jun 30, 2010
AUM in Crores
7955.531
ISIN
INF204K01HL0
Lock-in
No Lock-in
Benchmark
CRISIL Short Term Bond TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
2.1
Standard Deviation (5yr)
2.2
Beta (3yr)
0
Beta (5yr)
0
Sharpe Ratio (3yr)
-1.429
Sharpe Ratio (5yr)
-0.314
YTM
7.8
Fund Managers

Kinjal Desai

Fund Manager

Anju Chhajer

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 (RIDCW-Q)70%8,13,950 81,3384.4%
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 2024-06-14

Top Debt Holdings

7.72% govt stock 2028

7.5%
7.5%

hdb financial services 8.04%

4.4%
4.4%

small industries development bank of india

4.1%
4.1%

8% govt stock 2034

3.8%
3.8%

jamnagar utilities & power private limited

3.4%
3.4%
See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)

₹ 5,001 cr

₹ 10,797 cr

₹ 46,422 cr

₹ 14,535 cr

₹ 15,157 cr

amc-img

About the AMC

Nippon Life India Asset Management Ltd

Nippon Life India Asset Management Ltd manages assets worth 380,402 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 105 equity,425 debt and 71 hybrid funds.amc-img
phone-img022-33031000
Fund NameScripbox Opinion
Till Date CAGR

5.7%

6.9%

5.7%

6.7%

5.7%

5.8%

5.7%

6.7%

5.7%

5.8%

Nippon India Floating Rate Fund (RIDCW-Q) Review

Nippon India Floating Rate Fund (RIDCW-Q) is a Floater Debt fund and has delivered an annualised return of 5.7% over a period of 13 years. The fund was previously known as Nippon India FRF Qt DR. The fund is managed by Nippon Life India Asset Management Ltd. The fund managers are Anju Chhajer, Kinjal Desai.

Nav of Nippon India Floating Rate Fund (RIDCW-Q) as of 6/14/2024 is ₹11.03 with the total AUM as of 6/16/2024 is ₹7955.531. 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 Jun 30, 2010. The category risk of the fund is Moderate Risk.

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 CRISIL Short Term Bond TR INR.

Nippon India Floating Rate Fund (RIDCW-Q) is rated as a 3 fund in Debt and delivered 0.2% 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 (RIDCW-Q).

Frequently Asked Questions

What is Nippon India Floating Rate Fund (RIDCW-Q)?

Nippon India Floating Rate Fund (RIDCW-Q) 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 (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 Neutral 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.