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Nippon India Floating Rate Fund Direct Plan Daily Dividend Reinvestment Plan

Debt

  

Floater Fund

NAV

10.126 + 0.1994

as on (27 Mar, 2020)

RETURNS

5.43 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.2 %

Benchmark

CRISIL Short Term Bond Fund TR INR

Asset Size

7832.33 Cr.

(As of 30 Apr, 2019)

Risk

Moderately Low

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.

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Fund manager

Amit Tripathi

(since 07 Oct, 2007)

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

Reliance Industries Limited

7.43 %

Tata Sons Limited

7.25 %

Mahindra & Mahindra Financial Services Ltd

5.17 %

Indiabulls Housing Finance Limited

5.11 %

Sector Allocation

About the Scheme Type

Floater Fund

Similar to how funds invest in stocks and bonds, Fund of Funds are mutual fund schemes which invest in other mutual fund schemes. The fund manager can invest in the fund schemes of same mutual fund house or different mutual fund houses. It’s particularly good for smaller risk averse investors with the capacity of putting in small amounts every month as the fund’s diversification reduces the risk to a certain extent. Few advantages of Fund of Funds include Tax friendly, ease of handling as there’s just one NAV and folio to track, small investor friendly, while the disadvantages come in the form of high expense ratio and possibility of more than required diversification.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

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Overview of Reliance Nippon Life Asset Management Ltd

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 Mutual Fund is one of India's leading mutual funds. Reliance Mutual Fund 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 Mutual Fund constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.

Vision statement of Reliance Mutual Fund - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.

Mission statement of Reliance Mutual Fund - To create and nurture a world-class, high performance environment aimed at delighting our customers.​

Main objectives of Reliance Mutual Fund 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