About Nippon India Floating Rate Fund Direct - Dividend Payout
Nippon India Floating Rate Fund Direct - Dividend Payout is a Debt
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 25 Sep 2013 and is currently managed by its fund manager Anju Chhajer
. It has an AUM of ₹8,963.90 Crores and the latest NAV decalared is ₹15.086 as on 31 May 2020 at 1:36 pm.
Nippon India Floating Rate Fund Direct - Dividend Payout scheme return performance in last 1 year is 10.42%, in last 3 years is 26.76% and 76.77% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
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.