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NIPPON INDIA FLOATER FUND - DIRECT Plan - QUARTERLY IDCW 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: 90/100 · Excellent
How this score is calculated
- Star rating (35%)4/5
- 3Y CAGR (30%)44.73%
- Expense ratio (20%)0.22%
- AUM (15%)₹4,561 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Nippon India Mutual Fund · Commodities · Silver
₹34.81
AUM: ₹4,561 Cr
NAV updated 11 days ago
Plan
Direct
Option
Idcw
Expense Ratio
0.22%
Exit Load
Exit load of 1% if redeemed within 15 days.
Fund Manager
Mehul Dama
Inception
Feb 2022
Benchmark
Domestic Price of Silver Index
Sharpe Ratio
-1.91
Std Dev (1Y)
2.93%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-1.26%
3m
-7.53%
6m
-6.57%
1y
+73.53%
3y
+44.73%
5y
+0.5%
10y
+0.44%
since inception
+0.57%
TopFund's Take on NIPPON INDIA FLOATER FUND - DIRECT Plan - QUARTERLY IDCW Option
NIPPON INDIA FLOATER FUND - DIRECT Plan - QUARTERLY IDCW Option ranks among the stronger performers in the Silver category, backed by a 4-star rating. Consistent 3-year performance combined with a strong rating makes this one of the more credible options in its space. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 90/100.
Cost: At 0.22%, the expense ratio is roughly in line with the Silver category average of 0.24% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -1.91 — 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 2.93% is on the lower side for a Silver fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Commodities 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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Tools & Guides for This Fund
Frequently Asked Questions about NIPPON INDIA FLOATER FUND - DIRECT Plan - QUARTERLY IDCW Option
The current NAV (Net Asset Value) of NIPPON INDIA FLOATER FUND - DIRECT Plan - QUARTERLY IDCW Option is ₹34.81. NAV is updated every business day after market close by AMFI.
1Y: 73.53% · 3Y CAGR: 44.73% · 5Y CAGR: 0.5%
The expense ratio of NIPPON INDIA FLOATER FUND - DIRECT Plan - QUARTERLY IDCW Option is 0.22% per annum. This is the annual fee charged by the fund to manage your investment.
NIPPON INDIA FLOATER FUND - DIRECT Plan - QUARTERLY IDCW Option is managed by Mehul Dama at Nippon India Mutual Fund.
NIPPON INDIA FLOATER FUND - DIRECT Plan - QUARTERLY IDCW Option is classified as a Silver risk fund. It is suitable for investors with a moderate risk appetite.
NIPPON INDIA FLOATER FUND - DIRECT Plan - QUARTERLY IDCW Option is a Silver fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in NIPPON INDIA FLOATER FUND - DIRECT Plan - QUARTERLY IDCW 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 - QUARTERLY IDCW Option is ₹4,561 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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