- Mutual Funds
- Nippon Mutual Fund
- Nippon India Floating Rate Fund (RIDCW-M)
Formerly Nippon India FRF DR
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 Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 17.7402
NAV (Sep 22)
Fund Returns
Last 1Y | 12% |
Last 3Y | 8.3% |
Last 5Y | 9% |
Last 10Y | NA |
Since Inception | 7.9% |
6 Month CAGR | 6.8% |
Scheme Information
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 | 0.61 |
Launched (10y ago) | Sep 26, 2013 |
AUM in Crores | 7979.349 |
ISIN | INF204KA1DT0 |
Lock-in | No Lock-in |
Benchmark | CRISIL Short Term Bond TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 1.6 |
Standard Deviation (5yr) | 1.7 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | 2.066 |
Sharpe Ratio (5yr) | 2.096 |
YTM | 7.6 |
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Nippon India Floating Rate Fund (RIDCW-M) | 9,12,156 | 1,79,544 | 9% | |
| 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
7.879999999999999% govt stock 2028
16.2%small industries development bank of india
5.9%7.93% govt stock 2034
5.4%hdb financial services 8.04%
4.4%power finance corporation ltd.
4.4%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 44,468 cr | ||
₹ 18,357 cr | ||
₹ 10,408 cr | ||
₹ 14,357 cr | ||
₹ 9,121 cr |
About the AMC
Nippon Life India Asset Management Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
4.7% | 6.8% | ||
4.7% | 6.6% | ||
4.7% | 5.6% | ||
4.7% | 6.6% | ||
4.7% | 5.6% |
Nippon India Floating Rate Fund (RIDCW-M) Review
Nippon India Floating Rate Fund (RIDCW-M) is a Floater Debt fund and has delivered an annualised return of 7.9% over a period of 9 years. The fund was previously known as Nippon India FRF DR. The fund is managed by Nippon Life India Asset Management Ltd. The fund managers are Akshay Sharma, Anju Chhajer, Kinjal Desai.
Nav of Nippon India Floating Rate Fund (RIDCW-M) as of 9/22/2023 is ₹17.74 with the total AUM as of 9/23/2023 is ₹7979.349. With Scripbox you can compare and check the latest nav for all mutual funds in India. Nippon India Floating Rate Fund (RIDCW-M) was launched on Sep 26, 2013. The category risk of the fund is Low to Moderate Risk.
The minimum SIP amount for Nippon India Floating Rate Fund (RIDCW-M) 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-M) 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-M) is rated as a 4 fund in Debt and delivered 12% 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-M).
Frequently Asked Questions
What is Nippon India Floating Rate Fund (RIDCW-M)?
How to invest in Nippon India Floating Rate Fund (RIDCW-M)?
You can invest in Nippon India Floating Rate Fund (RIDCW-M) 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-M)?
The minimum sip amount for Nippon India Floating Rate Fund (RIDCW-M) is ₹1000. You can invest in multiples of ₹5000.
Is Nippon India Floating Rate Fund (RIDCW-M) good to invest in?
As per Scripbox experts, Nippon India Floating Rate Fund (RIDCW-M) is a Top Ranked fund. You can investNippon India Floating Rate Fund (RIDCW-M) 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-M)?
The expense ratio of the Nippon India Floating Rate Fund (RIDCW-M) is 0.61% for regular plan.