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Nippon India Floating Rate Fund - Daily IDCW Reinvestment Option Nippon India Floating Rate Fund - Daily IDCW Reinvestment Option

Nippon India Floating Rate Fund - Investment Information

  • ₹10.32 (-0.06%)

    Current NAV 06-12-2024

  • 11.99%

    Returns

  • Min. SIP ₹100

    Min. Investment ₹5000

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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

Basic Details

Key Information About Investing Details.

  • CategoryFloater
  • KRAKARVY
  • Inv. PlanIDCW
  • Launched In04-Nov-04
  • BenchmarkNIFTY Short Duration Debt Index A-II
  • Fund TypeOpen Ended
  • Fund HouseNippon India Mutual Fund

Investment Details

Check the Fund’s General Information

  • Fund size7821.51 Cr.
  • Min. Investment₹5000
  • Min. Sip Inv.₹100
  • Min. Addl Inv.₹1000
  • Expense Ratio0.6%
  • Turn over119%
  • Exit LoadData not available.

Fund Managers

Details of Managers and their Experience

Anju Chhajer-manager-image
Anju Chhajer

Fund Manage : 13

Total AUM. : ₹71,679 Cr.

AMC Office Information

Registered Office of Mutual Fund Company

  • AMCNippon India Mutual Fund
  • Emailcustomercare@nipponindiaim.in
  • Office No022-6808 7000
  • Websitehttps://mf.nipponindiaim.com
  • Address Registered Office: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai 400 013
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Frequently Asked Questions

What is a mutual fund?

In simple words, a fund is an investor’s safety deposit much like in earlier times when people used to store their savings into a bag of rice, in today’s times that bag has come with a new name that is the Mutual Fund.

What are the benefits of investing in funds?

Investing allows us with an opportunity to earn higher returns on our investment with minimal risks. It grows the capital invested in the long-term and provides a systematic way to secure one’s future.

Do mutual funds generate income?

Investing in funds is a great way to build capital. Long-term investments have proven to be a successful tool to create generational wealth. Deep analysis of the market and risk tolerance can help investors to earn good returns and generate income as well.

How many types of mutual funds are there?

There are several types of funds such as: • Equity funds, primary investment in stocks and equity shares. Subcategories include large-cap, mid-cap, small-cap funds. • Debt funds • Money market funds • Hybrid funds • Specialized funds

Who gets your money in mutual funds?

The income generated on the funds is the interest gained on the invested amount which is fairly distributed among the investors.

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