About Nippon India Floating Rate Fund Direct-Dividend Reinvestment
Nippon India Floating Rate Fund Direct-Dividend Reinvestment 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 managers Vivek Sharma
and Amit Tripathi
. It has an AUM of ₹6,270.54 Crores and the latest NAV decalared is ₹14.152 as on 22 Oct 2019 at 10:15 pm.
Nippon India Floating Rate Fund Direct-Dividend Reinvestment scheme return performance in last 1 year is 10.14%, in last 3 years is 23.68% and 65.82% 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.