Nippon India Floating Rate Fund Direct-Growth

Q: What are the returns of Nippon India Floating Rate Fund?

The Nippon India Floating Rate Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 8.04% since inception. Nippon India Floating Rate Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 9.67% 7.59% 7.28% 7.67% 8.04%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹47.0311+0.08% 1 day change	8.04% p.a.	#NA View Ranked Funds	3

Historical NAV & returns

NAV: ₹47.0311 as on Apr 23, 2025

This fund Category average

Nippon India Floating Rate Fund overview

VRO rating	3
Expense ratio	0.35% as on Mar 31, 2025
Exit load	0% Exit load of 0.50% shall be applicable if units are redeemed within 3 months from the date of allotment.!
AUM (Fund size)	₹7,646 Crs
Lock-in	No Lockin
Age	12 yrs 3 m since Jan 01, 2013
Benchmark	NIFTY SD Debt Index A-II
Min. investment	SIP ₹500 & Lump. ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Nippon India Floating Rate Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 24, 2025

Period	This fund	Category average
1 month	1.81%	1.73%
3 months	3.13%	3.11%
6 months	4.88%	4.89%
1 year	9.67%	9.73%
3 years	7.59%	7.81%
5 years	7.28%	7.13%
7 years	7.65%	7.46%
10 years	7.67%	7.6%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 79.16%

SOV 17.58%

Cash & Call Money 2.96%

Others 0.3%

Top Debt Holdings

REC Ltd. 6.82%

Small Industries Devp. Bank of India Ltd. 4.62%

India Universal Trust AL1 4.58%

National Bank For Agriculture & Rural Development 4.24%

Allocation by Instruments

Debenture 37.63999999999999%

Non Convertible Debenture 19.770000000000003%

Bonds 10.459999999999999%

State Development Loan 8.23%

Other Holdings

Others 2.45%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Nippon India Floating Rate Fund	N.A.	₹7,646 Crs	12 yrs 3 m	0.35%
Franklin India Floating Rate Fund	N.A.	₹314 Crs	12 yrs 3 m	0.28%
UTI Floater Fund	N.A.	₹1,385 Crs	6 yrs 6 m	0.45%
HDFC Floating Rate Debt Fund	N.A.	₹14,724 Crs	12 yrs 3 m	0.26%
Aditya Birla Sun Life Floating Rate Fund	N.A.	₹13,275 Crs	12 yrs 3 m	0.22%
ICICI Prudential Floating Interest Fund	N.A.	₹6,964 Crs	12 yrs 3 m	0.55%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Nippon India Floating Rate Fund	1.81%	4.88%	9.67%	7.59%	7.28%	7.67%
Franklin India Floating Rate Fund	2.19%	5.39%	10.24%	8.3%	7.01%	7.05%
UTI Floater Fund	1.29%	4.25%	8.11%	7.08%	6.34%	4.45%
HDFC Floating Rate Debt Fund	1.49%	4.63%	9.21%	7.83%	7.22%	7.64%
Aditya Birla Sun Life Floating Rate Fund	1.3%	4.37%	8.62%	7.5%	6.86%	7.63%
ICICI Prudential Floating Interest Fund	1.39%	4.44%	9.03%	8.21%	7.64%	8.03%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Nippon India Floating Rate Fund	0.88	1.9	0.85	0.96
Franklin India Floating Rate Fund	0.74	1.42	1.84	2.15
UTI Floater Fund	0.56	1.19	0.8	0.91
HDFC Floating Rate Debt Fund	0.76	1.3	1.42	1.35
Aditya Birla Sun Life Floating Rate Fund	0.59	1.22	1.47	1.55
ICICI Prudential Floating Interest Fund	1.12	1.08	1.3	1.6

View all Floater funds

Key risk & return ratios Compared to other funds in the category

Alpha	4.7 vs. 4.1 Higher outperformance against benchmark
Sharpe	0.85 vs. 4.82 Poor risk-adjusted returns
Beta	1.9 vs. 1.4 More sensitive to market's ups & downs
Standard deviation	0.88 vs. 0.93 More stable returns

Compare Nippon India Floating Rate Fund in detail with

About this fund

About Nippon India Floating Rate Fund

Nippon India Floating Rate Fund Direct-Growth is a Floater mutual fund scheme from Nippon India Mutual Fund. This fund has been in existence for 12 yrs 3 m, having been launched on 01/01/2013. Nippon India Floating Rate Fund Direct-Growth has ₹7,646 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Nippon India Floating Rate Fund Direct-Growth as of 23/04/2025 is ₹47.03. The fund has an expense ratio of 0.35%, which is close to what most other Floater funds charge.

Nippon India Floating Rate Fund Direct-Growth returns of last 1-year are 9.69%. Since launch, it has delivered 8.05% average annual returns. The fund has doubled the money invested in it every 10 yrs.
Nippon India Floating Rate Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to similar borrowers and hence the risk of default in this fund is same as the category.
The fund's top holdings are in REC Ltd., Small Industries Devp. Bank of India Ltd., India Universal Trust AL1, National Bank For Agriculture & Rural Development, Jamnagar Utilities and Power Pvt. Ltd..

...

Fund AUM	₹7,646 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Vikash Agarwal

Mr. Agarwal is a B.Com., CA, CFA Prior to joining HDFC AMC, he has worked with Larsen & Toubro Ltd.

Investment objective

The scheme aims to generate regular income through investment in a portfolio comprising substantially of floating rate debt. It would not invest more than 75% of its assets in fixed rate debt securities including fixed rate securitised debt, money market instruments and floating rate debt Instruments swapped for fixed returns.

Nippon India Mutual Fund details

No. of schemes	65 view all schemes
Total AUM	₹5,61,387 Crs as on Mar 31, 2025
Address	4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai, 400013

More funds from Nippon India Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Nippon India Nivesh Lakshya Fund	N.A.	₹9,659 Crs	13.37%	9.48%
Nippon India Gilt Securities Fund	N.A.	₹2,060 Crs	12.66%	8.69%
Nippon India Income Fund	N.A.	₹420 Crs	11.59%	8.63%
Nippon India Credit Risk Fund	N.A.	₹1,001 Crs	10.21%	8.3%
Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund	N.A.	₹759 Crs	13.53%	N.A.
Nippon India Dynamic Bond Fund	N.A.	₹4,358 Crs	11.61%	8.04%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Nippon India Floating Rate Fund?

The current Net Asset Value (NAV) of the Nippon India Floating Rate Fund - Direct Growth plan is approximately ₹47.0311 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Nippon India Floating Rate Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 8.04% since inception.

Nippon India Floating Rate Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
9.67%	7.59%	7.28%	7.67%	8.04%

How much does this mutual fund charge as expense ratio?

The Nippon India Floating Rate Fund - Direct Growth has an expense ratio of 0.35%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Nippon India Floating Rate Fund currently has assets under management (AUM) or fund size valued at approximately ₹7,646 Crs crore as of Mar 31, 2025.

To whom does Nippon India Floating Rate Fund lend to?

The top 3 debt holdings of Nippon India Floating Rate Fund are as follows

Holding Name	Percentage of Portfolio
REC Ltd.	6.82%
Small Industries Devp. Bank of India Ltd.	4.62%
India Universal Trust AL1	4.58%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Nippon India Floating Rate Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	79.16%
SOV	17.58%
Cash & Call Money	2.96%

What is risk level of Nippon India Floating Rate Fund?

This is a Floater fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Nippon India Floating Rate Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Nippon India Floating Rate Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Nippon India Floating Rate Fund is complete.

How can I redeem my investments in Nippon India Floating Rate Fund?

Redeeming your investments in Nippon India Floating Rate Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Nippon India Floating Rate Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Floater

#NA

Chance: This fund has generated a 7.33% annual return in 70% of times for investors holding for at least 5 years.
Age: This is the 3rd oldest Floater fund.
Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.