Rating : ★ ★ ★ ☆ ☆

Nippon India Floating Rate Fund Direct Plan Daily Reinvestment Inc Dist cum Cap Wdrl

Debt

Floater Fund

NAV

10.2936-0.0014

(as on 20 Apr, 2021)

RETURNS

7.16 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

Asset Size

13113.66 Cr.

(As of 31 Mar, 2021)

Benchmark

CRISIL Short Term Bond Fund TR INR

Riskometer

Investors understand that their principal will be at Moderate Risk.

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 manager

Amit Tripathi

Exit load

1 %

(If redeemed within 30 days)

Minimum sip

₹500

Minimum investment

₹5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

7.32% Govt Stock 2024

10.07%

7.35% Govt Stock 2024

7.11%

6.18% Govt Stock 2024

6.97%

Housing Development Finance Corporation Limited

3.38%

Sector Allocation

About the Scheme Type

Floater Funds invest a major proportion of its corpus, at least 65%, in floating rest instruments and remaining in fixed incomesecurities. Given their inclination towards variable components,they propose a lower degree of sensitivity to the changes in theinterest rate which is one of their key advantages. And it’s for this primary reason that Floater Funds appeal to risk-averse investors. A second benefit of these funds is that they help investors acquire a diversified bond or loan portfolio at a lower investment rate.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

★ ★ ★ ☆ ☆

Overview of Nippon India Mutual Fund

With Average Assets Under Management (AAUM) of Rs 2,33,628.56 Crores (January 2019 - March 2019 QAAUM) and 90.67 lakhs folios (as on March 31, 2019), Reliance Nippon Life Asset Management Ltd is one of India's leading mutual funds. Reliance Nippon Life Asset Management Ltd is one of the fastest growing mutual funds in India, offering investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 300 cities (as on March 31, 2019) across the country. Reliance Nippon Life Asset Management Ltd constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.

Vision statement of Reliance Nippon Life Asset Management Ltd - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.

Mission statement of Reliance Nippon Life Asset Management Ltd - To create and nurture a world-class, high performance environment aimed at delighting our customers.

Main objectives of Reliance Nippon Life Asset Management Ltd are

To carry on the activity of a mutual fund as may be permitted by law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders
To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings
To take such steps as may be necessary from time to time to realise the effects without any limitation