Nippon India Floater Fund - Daily IDCW Reinvestment Option

Nippon India Floater Fund - Daily IDCW Reinvestment Option is a scheme launched by Nippon Mutual Fund on November 04, 2004, and falls under the Floater fund category. It currently manages an AUM of Rs 8,223.51 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 5000. It charges an expense ratio of 0.65% for managing the portfolio.

• Investing Strategy:

  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

• Performance:

  Nippon India Floater Fund - Daily IDCW Reinvestment Option trailing returns over different times are 0.67% (1 year), 0.41% (3 year) and 0.1% (5 year). The average annual return of this fund stands at 0.61%.