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Nippon India Floater Fund - Direct Plan Growth Plan - Growth Option
★★★★★ TopFund est.
TopFund Score (fallback rating)
- Calculated by: TopFund — used only when no third-party rating exists for this fund
- Formula: 3-year trailing return percentile within category, adjusted ±1 star for expense ratio
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: A simplified 2-factor estimate, not equivalent to a rating agency's full analysis
TopFund Score: 82/100 · Excellent
How this score is calculated
- Star rating (35%)5/5
- 3Y CAGR (30%)7.43%
- Expense ratio (20%)0.06%
- AUM (15%)₹7,501 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Nippon India Mutual Fund · Income/Debt Oriented · Floating Interest Rates Fund
₹10.02
AUM: ₹7,500 Cr
NAV updated 10 days ago
Plan
Direct
Option
Growth
Risk
Moderate
Expense Ratio
0.06%
Exit Load
Nil
Fund Manager
Sushil Hari Prasad Budhia
Inception
Sep 2026
Benchmark
NIFTY Short Duration Debt Index A-II
Sharpe Ratio
-0.7
Std Dev (1Y)
1.12%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-0.14%
3m
+1.18%
6m
+2.82%
1y
+5.63%
3y
+7.43%
5y
+6.54%
10y
+7.24%
since inception
+7.83%
TopFund's Take on Nippon India Floater Fund - Direct Plan Growth Plan - Growth Option
Nippon India Floater Fund - Direct Plan Growth Plan - Growth Option ranks among the stronger performers in the Floating Interest Rates Fund category, backed by a 5-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 82/100.
Cost: At 0.06%, the expense ratio is meaningfully cheaper — about 60% below the Floating Interest Rates Fund category average of 0.15% (based on 23 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.7 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 1.12% is on the lower side for a Floating Interest Rates Fund fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Income/Debt Oriented fund.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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No similar funds found.
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Frequently Asked Questions about Nippon India Floater Fund - Direct Plan Growth Plan - Growth Option
The current NAV (Net Asset Value) of Nippon India Floater Fund - Direct Plan Growth Plan - Growth Option is ₹10.02. NAV is updated every business day after market close by AMFI.
1Y: 5.63% · 3Y CAGR: 7.43% · 5Y CAGR: 6.54%
The expense ratio of Nippon India Floater Fund - Direct Plan Growth Plan - Growth Option is 0.06% per annum. This is the annual fee charged by the fund to manage your investment.
Nippon India Floater Fund - Direct Plan Growth Plan - Growth Option is managed by Sushil Hari Prasad Budhia at Nippon India Mutual Fund.
Nippon India Floater Fund - Direct Plan Growth Plan - Growth Option is classified as a Moderate risk fund. It is suitable for investors with a moderate risk appetite.
Nippon India Floater Fund - Direct Plan Growth Plan - Growth Option is a Floating Interest Rates Fund fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Nippon India Floater Fund - Direct Plan Growth Plan - Growth Option with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Nippon India Floater Fund - Direct Plan Growth Plan - Growth Option is ₹7,501 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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