Sign In

​​​​​​​​​​​​​​​​​​ ​​​​​Home Funds and Performance Nippon India Floating Rate Fund.​ ​​​​​​

Nippon India Floating Rate Fund

An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives)

Product Label Close

This product is suitable for investors who are seeking*:

  • Income over short term.
  • Investment predominantly in floating rate instruments (Including fixed rate instruments converted to floating rate exposures using swaps/ derivatives)

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

investMore investMore
  • 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.

Fund PerformanceGrowth Plan - Growth Option

  • Latest NAV (01 Oct 2020)33.7183


NAV as on Aug 31, 2020: ` 33.5298

Performance of Nippon India Floating Rate Fund as on 31/08/2020
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Floating Rate Fund 10.477.828.067.84
B: CRISIL Short Term Bond Fund Index10.208.268.487.74
AB: Crisil 1 Yr T-Bill Index6.786.976.956.25
Value of `10000 Invested
Nippon India Floating Rate Fund 11,053 12,536 14,742 33,530
B: CRISIL Short Term Bond Fund Index 11,026 12,692 15,029 33,003
AB: Crisil 1 Yr T-Bill Index 10,682 12,242 14,001 26,400
Inception Date:Aug 27, 2004
​​​B - Benchmark    |   AB - Additional Benchmark   
Fund Manager: Anju Chhajer (Since Feb,2020)
​​

​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER : Anju Chhajer

​​​​
Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Top 3
Nippon India US Equity Opportunitues Fund24.5024.9120.3119.9416.2516.85
Nippon India Japan Equity Fund11.8113.259.618.885.688.43
Nippon India Low Duration Fund7.987.307.117.497.477.64
Bottom 3
Nippon India Liquid Fund5.075.346.516.656.856.90
Nippon India Arbitrage Fund4.662.985.924.656.015.06
Nippon India Overnight Fund4.014.07N.A.N.A.N.A.N.A.
​​​​​​

​​Note​:

a. Anju Chhajer manages 8 open-ended schemes of Nippon India Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes,the top 3 and bottom 3 schemes managed by fund manager has been provided herein are on the basis of 1 Year CAGR returns.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

​Anju Chhajer has been managing Nippon India Low Duration Fund since Oct 2009, Nippon India Liquid Fund since Oct 2013, Nippon India Japan Equity Fund since Aug 2014, Nippon India US Equity Opportunities Fund since Jul 2015, Nippon India Overnight Fund since Dec 2018, Nippon India Money Market Fund since Feb 2020, Nippon India Floating Rate Fund since Feb 2020, Nippon India Arbitrage Fund since Feb 2020

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other Investment. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of dividend option would be Net of Dividend distribution tax, if any. Face value of scheme is `10/- per unit. Face Value of Nippon India Low Duration Fund is `1000/- per unit. Face Value of Nippon India Money Market Fund, Nippon India Liquid Fund, Nippon India Ultra Short Duration Fund is `1000/- per unit w.e.f 5th Aug 2012. Face value of Nippon India ETF Junior BeES is `1.25/- per unit. Face value of Nippon India ETF Liquid BeES is `1000/- per unit. Face Value of Nippon India ETF Nifty BeES, Nippon India ETF Bank BeES, Nippon India ETF PSU Bank BeES, Nippon India ETF NV20, Nippon India ETF Hang Seng BeES has changed from `10/- per unit to `1/- per unit w.e.f 20th Dec 2019. Face value of Nippon India ETF Gold BeES has changed from `100/- per unit to `1/- per unit w.e.f 20th Dec 2019.​ Face value of Nippon India Overnight Fund is `100/- per unit. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended schemes are not provided since these are not comparable with other schemes.​​​​​​​​Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

​​​​ ​​​



Read more

Fund Details

  • Inception Date27 Aug 2004
  • Fund ManagerMs. Anju Chhajer
Current Investment Philosophy
    • The fund intends to maintain duration of 2 - 3 years.
    • The fund will endeavour to invest in high quality AAA/A1+ rated papers.
    • SEBI restriction of up to 65% investments in floating rate instruments will be taken care through a mix of OIS trades & floating rate instruments.
Minimum Investment
5000.00

    and in multiples of Re.1 thereafter

Fund Manager
Load Details

Entry Load*:

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load:**

Nil wef. July 30, 2020.

Exit load levied on the Units redeemed will be the rate prevailing at the time of the allotment of the Units. For Special products registrations, load for each transaction is based on the load structure applicable as on the registration date.

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Income over short term.
  • Investment predominantly in floating rate instruments (Including fixed rate instruments converted to floating rate exposures using swaps/ derivatives)

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



Close

Portfolio

Select

Details as on Aug 31 , 2020

​​

​​​​Related Downloads & Tools

Tools

  • SIP Calculator​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​


    ​​​​​





    ​​​​​​

How to Invest?

Contact our advisor to complete the process

Other funds in such category

Nippon India Low Duration Fund An open ended low duration debt scheme investing in debt and money market instruments such that the Macaulay duration of the portfolio is between 6 - 12 months. (Please refer to the page number 13 of the Scheme Information Document on which the concept of Macaulay’s Duration has been explained)-Growth Plan Growth Option

Latest NAV

2854.2709 01-Oct-2020

Nippon India Corporate Bond Fund (Formerly known as Nippon India Prime Debt Fund) An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds-Growth Plan - Growth Option

Latest NAV

44.0631 01-Oct-2020

Get the app