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Nippon India Floating Rate Fund Direct Growth
DebtFloating RateModerate Risk
Direct
NAV (21-Nov-24)
₹45.060.02%1D
Returns (Since Inception)
7.96%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹7,821 Cr
Expense Ratio
0.31%
ISIN
INF204K01E05
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Nippon India Floating Rate Fund Direct Growth is a Floating Rate mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 11 years, 10 months and 21 days, having been launched on 01-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹45.06, Assets Under Management (AUM) of 7820.98 Crores, and an expense ratio of 0.31%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹45.06, Assets Under Management (AUM) of 7820.98 Crores, and an expense ratio of 0.31%.
- Nippon India Floating Rate Fund Direct Growth has given a CAGR return of 7.96% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 94.13% in debts, and 5.57% in cash & cash equivalents.
- You can start investing in Nippon India Floating Rate Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.56%
+8.30% (Cat Avg.)
3 Years
+6.56%
+6.41% (Cat Avg.)
5 Years
+7.16%
+6.38% (Cat Avg.)
10 Years
+7.68%
+6.43% (Cat Avg.)
Since Inception
+7.96%
— (Cat Avg.)
Portfolio Summaryas of 15th November 2024
| Debt | ₹7,362.18 Cr | 94.13% |
| Others | ₹458.79 Cr | 5.87% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹352.49 Cr | 4.51% |
| Jamnagar Utilities & Power Private Limited | Bond - Corporate Bond | ₹273.88 Cr | 3.50% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹252.82 Cr | 3.23% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹251.06 Cr | 3.21% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹221.84 Cr | 2.84% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹217.7 Cr | 2.78% |
| 7.93% Govt Stock 2033 | Bond - Gov't/Treasury | ₹216.89 Cr | 2.77% |
| 7.53% Govt Stock 2034 | Bond - Gov't/Treasury | ₹212.94 Cr | 2.72% |
| State Bank Of India | Bond - Corporate Bond | ₹211.29 Cr | 2.70% |
| 08.37 MP Sdl 2028 | Bond - Gov't/Treasury | ₹209.23 Cr | 2.68% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹204.63 Cr | 2.62% |
| 7.17% Govt Stock 2030 | Bond - Gov't/Treasury | ₹202.9 Cr | 2.59% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹201.84 Cr | 2.58% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹201.13 Cr | 2.57% |
| Net Current Assets | Cash | ₹185.89 Cr | 2.38% |
| Sundaram Home Finance Limited | Bond - Corporate Bond | ₹176.79 Cr | 2.26% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹167.86 Cr | 2.15% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹155 Cr | 1.98% |
| Triparty Repo | Cash - Repurchase Agreement | ₹151.77 Cr | 1.94% |
| Toyota Financial Services India Limited | Bond - Corporate Bond | ₹151.44 Cr | 1.94% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹150.33 Cr | 1.92% |
| INDIA UNIVERSAL TRUST AL1 | Bond - Asset Backed | ₹147.68 Cr | 1.89% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹145.58 Cr | 1.86% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹142.72 Cr | 1.82% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹125.99 Cr | 1.61% |
| Mahindra & Mahindra Financial Services Ltd | Bond - Corporate Bond | ₹101.15 Cr | 1.29% |
| Smfg India Credit Company Limited | Bond - Corporate Bond | ₹100.52 Cr | 1.29% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹99.85 Cr | 1.28% |
| Hdfc Bank Limited** | Cash | ₹98 Cr | 1.25% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹90.46 Cr | 1.16% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹90.41 Cr | 1.16% |
| INDIA UNIVERSAL TRUST AL1 | Bond - Asset Backed | ₹85.86 Cr | 1.10% |
| 07.17 Up SDL 2029 | Bond - Gov't/Treasury | ₹83.74 Cr | 1.07% |
| 08.14 GJ Sdl 2029 | Bond - Gov't/Treasury | ₹82.54 Cr | 1.06% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹81.51 Cr | 1.04% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹80.38 Cr | 1.03% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹80.09 Cr | 1.02% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹76.07 Cr | 0.97% |
| National Housing Bank | Bond - Corporate Bond | ₹75.35 Cr | 0.96% |
| Small Industries Development Bank of India 7.44% | Bond - Corporate Bond | ₹74.97 Cr | 0.96% |
| Aditya Birla Housing Finance Ltd. 8.2% | Bond - Corporate Bond | ₹68.39 Cr | 0.87% |
| 07.61 Ts SDL 2027 | Bond - Gov't/Treasury | ₹65.99 Cr | 0.84% |
| Reliance Jio Infratel Private Limited | Bond - Corporate Bond | ₹60.79 Cr | 0.78% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹59.91 Cr | 0.77% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹59.68 Cr | 0.76% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹59.4 Cr | 0.76% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹52.22 Cr | 0.67% |
| Tata Capital Limited | Bond - Corporate Bond | ₹51.45 Cr | 0.66% |
| 07.49 GJ Sdl 2028 | Bond - Gov't/Treasury | ₹50.77 Cr | 0.65% |
| Tata Capital Limited | Bond - Corporate Bond | ₹50.63 Cr | 0.65% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹50.57 Cr | 0.65% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹50.52 Cr | 0.65% |
| Nomura Fixed Income Securities Private Limited | Bond - Corporate Bond | ₹50.38 Cr | 0.64% |
| India Grid Trust | Bond - Corporate Bond | ₹50.32 Cr | 0.64% |
| Nomura Capital (India) Pvt. Ltd. | Bond - Corporate Bond | ₹50.26 Cr | 0.64% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹50.24 Cr | 0.64% |
| Nomura Capital (India) Pvt. Ltd. | Bond - Corporate Bond | ₹50.22 Cr | 0.64% |
| Tata Communications Limited | Bond - Corporate Bond | ₹50.14 Cr | 0.64% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹50.05 Cr | 0.64% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹49.92 Cr | 0.64% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹49.66 Cr | 0.63% |
| INDIA UNIVERSAL TRUST AL1 | Bond - Asset Backed | ₹47.64 Cr | 0.61% |
| Pipeline Infrastructure Ltd. 7.96% | Bond - Corporate Bond | ₹44.64 Cr | 0.57% |
| Pipeline Infrastructure Pvt Ltd. | Bond - Corporate Bond | ₹44.42 Cr | 0.57% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹40.24 Cr | 0.51% |
| Rec Limited | Bond - Corporate Bond | ₹26.27 Cr | 0.34% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹26.18 Cr | 0.33% |
| 07.86 RJ Sdl 2027 | Bond - Gov't/Treasury | ₹25.6 Cr | 0.33% |
| Nuclear Power Corporation Of India Limited | Bond - Corporate Bond | ₹25.3 Cr | 0.32% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹25.1 Cr | 0.32% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹25.06 Cr | 0.32% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹25.01 Cr | 0.32% |
| 07.63 MH Sdl 2030 | Bond - Gov't/Treasury | ₹20.48 Cr | 0.26% |
| 7.37% Govt Stock 2028 | Bond - Gov't/Treasury | ₹20.41 Cr | 0.26% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹20.38 Cr | 0.26% |
| 07.17 GJ Sdl 2030 | Bond - Gov't/Treasury | ₹10.04 Cr | 0.13% |
| Goi 12.04.2026 Gov | Bond - Gov't/Treasury | ₹5.52 Cr | 0.07% |
| 08.08 KA Sdl 2025 | Bond - Gov't/Treasury | ₹5.02 Cr | 0.06% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹5 Cr | 0.06% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹4.99 Cr | 0.06% |
| 07.47 GJ Sgs 2025 | Bond - Gov't/Treasury | ₹3.24 Cr | 0.04% |
| Cash Margin - Ccil | Other Assets And Liabilities | ₹2.76 Cr | 0.04% |
| Goi 12.10.2025 Gov | Bond - Gov't/Treasury | ₹1.59 Cr | 0.02% |
| Interest Rate Swaps Pay Fix Receive Floating (23/08/2027) (Fv 10000 Lacs) | Interest Rate Swap | ₹1.14 Cr | 0.01% |
| 06.90 OIL SPL 2026 | Bond - Gov't Agency Debt | ₹1.11 Cr | 0.01% |
| Interest Rate Swaps Pay Floating Receive Fix (15/10/2029) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.69 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (06/08/2027) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.49 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (26/08/2027) (Fv 7500 Lacs) | Interest Rate Swap | ₹0.44 Cr | 0.01% |
| Interest Rate Swaps Pay Floating Receive Fix (11/10/2029) (Fv 5000 Lacs) | Interest Rate Swap | ₹-0.36 Cr | 0.00% |
| Interest Rate Swaps Pay Floating Receive Fix (23/10/2029) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.3 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (05/12/2024) (Fv 25000 Lacs) | Interest Rate Swap | ₹0.02 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (23/12/2024) (Fv 30000 Lacs) | Interest Rate Swap | ₹0.02 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (07/01/2025) (Fv 20000 Lacs) | Interest Rate Swap | ₹0.02 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (29/01/2025) (Fv 15000 Lacs) | Interest Rate Swap | ₹0.02 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (26/12/2024) (Fv 15000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (07/02/2025) (Fv 15000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (28/11/2024) (Fv 20000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (25/11/2024) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (22/11/2024) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (07/02/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (27/11/2024) (Fv 25000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (25/11/2024) (Fv 25000 Lacs) | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (26/11/2024) (Fv 25000 Lacs) | Interest Rate Swap | ₹0 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (18/11/2024) (Fv 20000 Lacs) | Interest Rate Swap | ₹0 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (21/11/2024) (Fv 25000 Lacs) | Interest Rate Swap | ₹0 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (13/02/2025) (Fv 20000 Lacs) | Interest Rate Swap | ₹0 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (18/11/2024) (Fv 25000 Lacs) | Interest Rate Swap | ₹0 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹5,657.5 Cr | 72.34% |
| Bond - Gov't/Treasury | ₹1,421.52 Cr | 18.18% |
| Cash | ₹283.88 Cr | 3.63% |
| Bond - Asset Backed | ₹281.18 Cr | 3.60% |
| Cash - Repurchase Agreement | ₹151.77 Cr | 1.94% |
| Mutual Fund - Open End | ₹20.38 Cr | 0.26% |
| Interest Rate Swap | ₹0.87 Cr | 0.05% |
| Other Assets And Liabilities | ₹2.76 Cr | 0.04% |
| Bond - Gov't Agency Debt | ₹1.11 Cr | 0.01% |
Risk & Performance Ratios
Standard Deviation
This fund
0.88%
Cat. avg.
1.13%
Lower the better
Sharpe Ratio
This fund
0.55
Cat. avg.
0.24
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.56
Higher the better
Fund Managers
KD
Kinjal Desai
Since May 2018
Vikash Agarwal
Since September 2024
Additional Scheme Detailsas of 15th November 2024
ISIN INF204K01E05 | Expense Ratio 0.31% | Exit Load No Charges | Fund Size ₹7,821 Cr | Age 11 years 10 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Short Term Bond TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Floating Rate Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| DSP Floater Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹729.43 Cr | 9.7% |
| DSP Floater Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹729.43 Cr | 9.3% |
| Axis Floater Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹232.97 Cr | 9.8% |
| Axis Floater Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹232.97 Cr | 9.4% |
| Franklin India Floating Rate Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹300.79 Cr | 8.3% |
| Nippon India Floating Rate Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹7820.98 Cr | 8.2% |
| ICICI Prudential Floating Interest Fund Regular Growth Moderate Risk | 1.2% | 0.0% | ₹8674.64 Cr | 8.3% |
| HDFC Floating Rate Debt Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹14941.21 Cr | 8.7% |
| Franklin India Floating Rate Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹300.79 Cr | 9.1% |
| Aditya Birla Sun Life Floating Rate Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹13285.65 Cr | 8.3% |
About the AMC
Nippon India Mutual Fund
Total AUM
₹5,78,235 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
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Still got questions?
We're here to help.
What is the current NAV of Nippon India Floating Rate Fund Direct Growth?
The NAV of Nippon India Floating Rate Fund Direct Growth, as of 21-Nov-2024, is ₹45.06.
What are the returns of Nippon India Floating Rate Fund Direct Growth?
The fund has generated 8.56% over the last 1 year and 6.56% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Nippon India Floating Rate Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 94.13% in bonds, and 5.57% in cash and cash equivalents.
Who manages the Nippon India Floating Rate Fund Direct Growth?
The fund managers responsible for Nippon India Floating Rate Fund Direct Growth are:-
- Kinjal Desai
- Vikash Agarwal
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.