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​​​​​​​​​​​​​​​​​​ ​​​​​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)

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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

Fund Riskometer

Nippon India Floating Rate Fund

Benchmark Riskometer

Crisil Short Term Bond Fund Index

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  • 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 (18 Oct 2021)35.6943


NAV as on Sep​ 30, 2021: ` 35.6474

Performance of Nippon India Floating Rate Fund as on 30/09/2021
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Floating Rate Fund 5.898.647.407.71
B: CRISIL Short Term Bond Fund Index6.02​8.837.667.61
AB: Crisil 10 Yr Gilt Index3.88​9.176.176.20
Value of `10000 Invested
Nippon India Floating Rate Fund 10,589
12,832 14,292 35,647
B: CRISIL Short Term Bond Fund Index 10,602 12,898 14,463 35,064
AB: Crisil 10 Yr Gilt Index 10,388 13,020 13,491 27,968
Inception Date:Aug 27, 2004
​​​B - Benchmark    |   AB - Additional Benchmark   
Fund Manager: Anju Chhajer (Since Feb,2020)
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​​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 Opportunities Fund28.0830.8117.2716.8518.8219.43
Nippon India Japan Equity Fund24.1121.039.107.5511.0711.52
Nippon India Low Duration Fund4.854.406.646.746.686.77
Bottom 3
Nippon India Arbitrage Fund3.763.934.954.475.454.52
Nippon India Liquid Fund3.143.595.085.375.826.00
Nippon India Overnight Fund3.013.19N.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 investments. Returns for 1 year and above are compounded annualized(CAGR) and returns less than 1 yearare simple annualized basis. 6 months simple annualized returnsare provided for the schemes that are in existence for more than 6 months but have not completed 1 year.Dividend (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 IDCW option would be net of dividend distribution tax, if any. Face value of schemes is `10 per unit, except for the schemes as specified here. Face Value of Nippon India Liquid Fund, Nippon India Money Market Fund Nippon India Ultra Short Duration Fund, Nippon India Low Duration Fund and Nippon India ETF Liquid BeES is `1000 per unit. Face value of Nippon India ETF Junior BeES is `1.25 per unit. Face value of Nippon India Overnight Fund is `100 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, Nippon India ETF Gold BeES is `1 per unit. In case, the start/end date of the concerned period is non-business day, NAV of the previous date is considered for computation of returns. Performance details of closed ended and interval 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). ​​​​​​​​












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Fund Details

  • Inception Date27 Aug 2004
  • Fund ManagerMs. Anju Chhajer
Current Investment Philosophy
    • 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

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



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Details as on Sep 30 , 2021

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