Mutual Funds
Nippon India Floating Rate Fund - Direct (IDCW-M)

Nippon India Floating Rate Fund - Direct (IDCW-M)

Floater Fund

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NAV
11.29(0.02%)
Fund Size (CR)
₹7,723.15
Expense Ratio
0.31
Scheme Type
Active Fund
Value Research

Min. investment
₹5,000
Minimum Additional Investment
₹1,000
Minimum SIP Investment
₹100
Minimum Withdrawal
₹100
Exit Load
1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
0%
Return Since Launch
7.65%

Absolute Return: -0.20%

Annualized Return: 0%

Basic Details

Scheme Manager

Vikas Agrawal

Bench Mark

NIFTY Short Duration Debt Index A-II

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	20 December 2024	10009.67	0.10%	-	0.07%	32/101
1 Month	27 November 2024	10001.94	0.02%	-	0.28%	97/101
3 Month	27 September 2024	10119.89	1.20%	-	1.62%	89/101
6 Month	27 June 2024	10371.56	3.72%	-	4.10%	90/101
1 Year	27 December 2023	10791.59	7.92%	7.92%	8.39%	75/101
3 Year	27 December 2021	12075.59	20.76%	6.49%	6.70%	68/101
5 Year	27 December 2019	13849.79	38.50%	6.73%	6.70%	26/54
Since Inception	15 January 2013	24138.22	141.38%	7.65%	6.80%	24/101

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	1 January 2024	1,20,000	262930.59	119.11%	119.11%
3 Year	3 January 2022	3,60,000	791960.39	119.99%	30.06%
5 Year	1 January 2020	6,00,000	1323424.82	120.57%	17.14%
10 Year	1 January 2015	12,00,000	2697117.33	124.76%	8.44%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

Investment type
Scheme based

SIP
Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

0.25%

Standard Deviation

0.03%

Beta

-0.42%

Sharpe Ratio

1.29%

Treynor's Ratio

-0.51%

Jension's Alpha

Asset Allocation

Sector Allocation

There is no Sector Allocation data

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
S I D B I	4.52%	35000	352.12	NCD	Debt Others
Jamnagar Utiliti	3.52%	2800	274.16	NCD	Debt Others
I R F C	3.24%	25000	252.96	NCD	Debt Others
REC Ltd	3.21%	25000	250.71	NCD	Debt Others
N A B A R D	2.84%	22000	221.85	NCD	Debt Others
LIC Housing Fin.	2.79%	2100	217.60	NCD	Debt Others
St Bk of India	2.72%	2150	211.75	NCD	Debt Others
Summit Digitel.	2.60%	20000	202.41	NCD	Debt Others
Tata Cap.Hsg.	2.58%	2000	201.36	NCD	Debt Others
REC Ltd	2.15%	1609	167.78	NCD	Debt Others

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Nippon India Floating Rate Fund - Direct (IDCW-M)	7723.15	0.02%	1.20%	3.72%	7.92%	6.49%
ICICI Pru Floating Interest Fund-Direct (IDCW-W)	8330.08	0.53%	2.18%	6.33%	11.69%	9.07%
AXIS Floater Fund - Direct (IDCW-Q)	233.23	0.59%	0.80%	4.28%	9.83%	7.15%
AXIS Floater Fund - Direct (G)	233.23	0.59%	0.81%	4.30%	9.59%	7.29%
AXIS Floater Fund - Direct (IDCW-A)	233.23	0.59%	0.80%	4.28%	9.54%	7.25%
AXIS Floater Fund - Direct (IDCW-D) RI	233.23	0.57%	0.72%	4.15%	9.43%	7.57%

News

Nippon India Balanced Advantage Fund announces Income Distribution cum Capital Withdrawal (IDCW)
Nippon India Mutual Fund has announced 13 December 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the regular plan ' IDCW payout and direct plan ' IDCW payout of Nippon India Balanced Advantage Fund. The quantum of distribution will be Rs 0.2000 per unit under each plan / option as on the record date.
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Nippon India Balanced Advantage Fund announces Income Distribution cum Capital Withdrawal (IDCW)
Nippon India Mutual Fund has announced 14 November 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the regular plan ' IDCW payout and direct plan ' IDCW payout of Nippon India Balanced Advantage Fund. The quantum of distribution will be Rs 0.2000 per unit under each plan / option as on the record date.
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Nippon India Mutual Fund announces change in Exit Load Structure

Nippon India Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 15 October 2024

Change in Exit Load:

Name of the Scheme	Existing Load Structure	Revised Load Structure
Nippon India Index Fund ' Nifty 50 Plan	0.25% if redeemed or switched out on or before completion of 7 days from the date of allotment of units. Nil if redeemed or switched out after completion of 7 days from the date of allotment of units.	Nil
Nippon India Index Fund - BSE Sensex Plan	0.25% of the applicable NAV if redeemed or switched out on or before completion of 7 days from the date of allotment of units. There shall be no exit load after completion of 7 days from the date of allotment of units.	Nil

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Fund House Details & Investment Objective

Date of Incorporation

1 January 2013

Total AUM (Cr)

₹7798.78

Nippon India Floating Rate Fund - Direct (IDCW-M) is an Floater Fund-oriented fund from the renowned AMC, Nippon India Mutual Fund. Launched in 1 January 2013, this fund is managed by Vikas Agrawal. With assets under management (AUM) worth ₹7,798.78 (Cr), as of 27 December 2024, Nippon India Floating Rate Fund - Direct (IDCW-M) is categorized as a Floater Fund within its segment. The fund has generated a return of 7.65% since its launch.
The current NAV of Nippon India Floating Rate Fund - Direct (IDCW-M) is ₹11.29, as on 27 December 2024. The fund's benchmark index is NIFTY Short Duration Debt Index A-II. You can invest in Nippon India Floating Rate Fund - Direct (IDCW-M) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Nil The fund has generated 6.49% and 6.73% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 97.36% in Debt and 2.64% in cash and cash equivalents.

FAQs

How to Invest in Nippon India Floating Rate Fund - Direct (IDCW-M) Direct Growth?

Nippon India Floating Rate Fund - Direct (IDCW-M) is a popular fund in the Floater Fund segment. The fund has generated a return of 7.65% since inception. Looking to invest in Nippon India Floating Rate Fund - Direct (IDCW-M) How about earning 1% extra return? All this is possible with m.Stock! Investing in Nippon India Floating Rate Fund - Direct (IDCW-M) is super easy and convenient with m.Stock. Here’s how you can begin:

Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
In the search bar, enter the fund name, in this case, Nippon India Floating Rate Fund - Direct (IDCW-M)
On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Nippon India Floating Rate Fund - Direct (IDCW-M) today and reap the benefits of this Floater Fund fund!

How much returns has Nippon India Floating Rate Fund - Direct (IDCW-M) Direct Growth generated?

In the short term, i.e., 1 year, Nippon India Floating Rate Fund - Direct (IDCW-M) has generated annualised return of 7.92%. In the long-term, the fund has generated 6.49% and 6.73% in 3 and 5 years respectively. Since its inception, the fund has generated 7.65% returns.

What is the expense ratio of Nippon India Floating Rate Fund - Direct (IDCW-M) Direct Growth?

The expense ratio of Nippon India Floating Rate Fund - Direct (IDCW-M) Direct Growth is 0.31%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of Nippon India Floating Rate Fund - Direct (IDCW-M) Fund Direct Growth?

The Assets Under Management (AUM) of Nippon India Floating Rate Fund - Direct (IDCW-M) is ₹7,798.78 (Cr) as of 2024-12-27 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from Nippon India Floating Rate Fund - Direct (IDCW-M) Direct Growth?

Redeeming or selling units of Nippon India Floating Rate Fund - Direct (IDCW-M) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Nippon India Floating Rate Fund - Direct (IDCW-M):

Login to your m.Stock account
In portfolio, your mutual fund investments will be visible under ‘MF’
Select the fund you wish to redeem from (in this case Nippon India Floating Rate Fund - Direct (IDCW-M)).
Click on ‘Redeem’ button
You have 2 options – redeem by units and redeem by value (you can only redeem free units)
Select units to be redeemed and click on submit.
Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).