About Nippon India Floating Rate Fund Direct-Dividend Weekly Reinvestment
Nippon India Floating Rate Fund Direct-Dividend Weekly Reinvestment is a Debt
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Vivek Sharma
and Amit Tripathi
. It has an AUM of ₹5,842.05 Crores and the latest NAV decalared is ₹10.122 as on 20 Nov 2019 at 9:25 pm.
Nippon India Floating Rate Fund Direct-Dividend Weekly Reinvestment scheme return performance in last 1 year is 10.18%, in last 3 years is 23.51% and 75.29% 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.