Nippon India Floating Interest Rates Fund
FloaterLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹48.51+0.09%1 day
- Return since launch
- 7.4%
- 52-week range
- ₹46.39 — ₹48.48
- AUM
- ₹7,439 Cr
Nippon India Floating Interest Rates Fund is a Floater debt fund from Nippon India Mutual Fund with ₹7,439 Cr under management, launched in 2004. Over three years it has returned 6.3% a year, against 7.2% for its category. The expense ratio is 0.65% and the SEBI riskometer reading is Low to Moderate.
Performance
Nippon India Floating Interest Rates Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.5% against +5.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.6% | −0.6 pts | 5.3% | 4.9% |
| 2Y | 5.5% | −0.4 pts | 5.8% | 5.7% |
| 3Y | 6.3% | −0.9 pts | 7.2% | 6.4% |
| 5Y | 6.7% | +0.3 pts | 6.4% | 6.7% |
| 7Y | 6.5% | 0.0 pts | 6.5% | 6.4% |
| 10Y | 6.7% | 0.0 pts | 6.7% | 6.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.4% |
| 3M | 0.4% | −0.2 pts | 0.6% | 0.6% |
| 6M | 2.7% | −0.2 pts | 2.9% | 2.7% |
| 1Y | 4.5% | −0.8 pts | 5.3% | 5.0% |
| 2Y | 6.4% | −0.1 pts | 6.5% | 6.5% |
| 3Y | 7.0% | −0.1 pts | 7.2% | 7.1% |
| 5Y | 6.3% | −0.1 pts | 6.4% | 6.3% |
| 7Y | 6.7% | +0.3 pts | 6.4% | 6.3% |
| 10Y | 6.8% | +0.1 pts | 6.7% | 6.8% |
Since launch (23 Aug 2004): 7.4%
Calendar-year returns
Category average11.3%
3.7%
3.8%
7.2%
8.2%
7.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.9% | −0.1 pts | 8.0% |
| 2024 | 8.2% | −0.4 pts | 8.5% |
| 2023 | 7.2% | −0.6 pts | 7.7% |
| 2022 | 3.8% | −0.7 pts | 4.5% |
| 2021 | 3.7% | −0.4 pts | 4.1% |
| 2020 | 11.3% | +1.7 pts | 9.6% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.65%
Expense ratio as on 31 Oct 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.55%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.10%
- Exit load
- Exit load of 0.50% if redeemed within 1 month
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY SD Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Low to Moderate
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.81 | 1.08 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.31 | 1.81 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.37 | 1.42 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Nippon India Floating Interest Rates Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt95.2%
- Other4.7%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 8.86% | ₹660 Cr | +1.60% | +1.60% | +1.40% |
| Small Industries Devp. Bank of India Ltd. | Financial | 4.32% | ₹323 Cr | +5.30% | +5.30% | +4.95% |
| Indian Railway Finance Corporation Ltd. | Financial | 4.18% | ₹312 Cr | +0.99% | +0.99% | +0.93% |
| National Bank For Agriculture & Rural Development | Financial | 3.72% | ₹277 Cr | +1.20% | +1.20% | +1.11% |
| Tata Capital Housing Finance Ltd. | Financial | 3.67% | ₹273 Cr | +3.96% | +2.01% | +1.86% |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 3.41% | ₹254 Cr | +3.37% | +0.59% | +0.55% |
| GOI | Sovereign | 2.50% | ₹186 Cr | +1.92% | +1.94% | +0.02% |
| Power Finance Corporation Ltd. | Financial | 2.15% | ₹160 Cr | +1.10% | +1.10% | +1.02% |
| Poonawalla Fincorp Ltd. | Financial | 2.05% | ₹153 Cr | +2.22% | +2.24% | — |
| REC Ltd. | Financial | 2.03% | ₹151 Cr | +3.06% | +3.06% | +2.88% |
| Jio Credit Ltd. | Financial | 1.99% | ₹148 Cr | +1.99% | +0.98% | +0.91% |
| LIC Housing Finance Ltd. | Financial | 1.84% | ₹137 Cr | +1.82% | +2.85% | +2.67% |
| Bajaj Finance Ltd. | Financial | 1.79% | ₹133 Cr | +2.62% | +1.34% | +1.24% |
| Radhakrishna Securitisation Trust | Others | 1.60% | ₹119 Cr | +1.60% | +1.62% | +1.52% |
| Siddhivinayak Securitisation Trust | Others | 1.60% | ₹119 Cr | +1.62% | +1.63% | +2.12% |
| Sundaram Home Finance Ltd. | Financial | 1.53% | ₹114 Cr | +2.63% | +2.60% | +2.32% |
| ICICI Home Finance Company Ltd. | Financial | 1.34% | ₹100 Cr | — | — | — |
| Shivshakti Securitisation Trust | Others | 1.34% | ₹100 Cr | +1.35% | +1.37% | +1.27% |
| Union Bank of India | Financial | 1.31% | ₹98.02 Cr | — | +0.31% | — |
| HDFC Bank Ltd. | Financial | 1.30% | ₹97.36 Cr | — | +0.62% | — |
| Kotak Mahindra Investments Ltd. | Financial | 1.25% | ₹93.57 Cr | +1.24% | +1.25% | +0.15% |
| Summit Digitel Infrastructure Pvt. Ltd. | Communication | 1.20% | ₹89.91 Cr | +5.26% | +5.32% | +4.92% |
| Canara Bank | Financial | 0.98% | ₹73.39 Cr | +0.17% | +0.63% | +0.59% |
| Uttar Pradesh State | Others | 0.75% | ₹56.20 Cr | +0.75% | +0.76% | +0.70% |
| India Universal Trust AL1 | Others | 0.68% | ₹50.66 Cr | +0.82% | +1.02% | +0.98% |
| Export-Import Bank Of India | Financial | 0.67% | ₹49.74 Cr | +0.66% | +0.66% | +0.62% |
| IndiGrid Infrastructure Trust | Capital Goods | 0.67% | ₹50.15 Cr | +0.66% | +0.66% | +0.61% |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 0.67% | ₹49.98 Cr | +0.66% | +0.67% | +2.17% |
| Nomura Fixed Income Securities Pvt. Ltd. | Financial | 0.67% | ₹50.01 Cr | +0.66% | +0.67% | +0.62% |
| Bharti Telecom Ltd. | Communication | 0.66% | ₹49.61 Cr | +0.65% | +1.32% | — |
| HDB Financial Services Ltd. | Financial | 0.66% | ₹49.50 Cr | — | — | — |
| Housing & Urban Development Corporation Ltd. | Financial | 0.66% | ₹49.14 Cr | +0.65% | +0.65% | +0.60% |
| Haryana State | Others | 0.47% | ₹34.73 Cr | +0.46% | +0.46% | +0.43% |
| Maharashtra State | Others | 0.34% | ₹25.45 Cr | +0.34% | +0.34% | +0.32% |
| Nuclear Power Corpn. Of India Ltd. | Energy | 0.34% | ₹25.02 Cr | +0.33% | +0.33% | +0.31% |
| Rajasthan State | Others | 0.34% | ₹25.29 Cr | +0.33% | +0.34% | +0.31% |
| Tamilnadu State | Others | 0.34% | ₹25.45 Cr | +0.34% | +0.34% | +0.32% |
| Bajaj Housing Finance Ltd. | Financial | 0.33% | ₹24.87 Cr | +0.33% | +0.33% | +0.31% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.33% | ₹24.93 Cr | +0.33% | +0.67% | +0.62% |
| Tata Capital Ltd. | Financial | 0.33% | ₹24.92 Cr | +0.33% | — | +0.76% |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 0.32% | ₹24.08 Cr | +0.32% | +0.32% | +0.30% |
| Bank Of Baroda | Financial | 0.20% | ₹14.56 Cr | — | — | — |
| National Highways Infra Trust | Construction | 0.12% | ₹9.29 Cr | +0.12% | +0.12% | +0.11% |
| Aditya Birla Housing Finance Ltd. | Financial | 0.11% | ₹8.02 Cr | +1.31% | +1.33% | +1.23% |
| Madhya Pradesh State | Others | 0.07% | ₹4.97 Cr | +1.02% | +2.41% | +2.22% |
| Punjab National Bank | Financial | 0.07% | ₹4.94 Cr | — | — | — |
| Karnataka State | Others | 0.06% | ₹4.74 Cr | +0.06% | +0.06% | +0.24% |
| Gujarat State | Construction | 0.03% | ₹2.05 Cr | +0.03% | +0.03% | +0.66% |
| Sikka Ports and Terminals Ltd. | Energy | 0.02% | ₹1.20 Cr | +0.02% | +1.08% | +0.99% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| ICICI Home Finance Company Ltd. | 0.00% | 1.34% | +1.34% |
| Union Bank of India | 0.00% | 1.31% | +1.31% |
| Bank Of Baroda | 1.31% | 0.20% | -1.11% |
| Mahindra & Mahindra Financial Services Ltd. | 1.33% | 0.33% | -1.00% |
| company:6283 | 0.99% | 0.00% | -0.99% |
| HDFC Bank Ltd. | 2.25% | 1.30% | -0.95% |
| Canara Bank | 0.04% | 0.98% | +0.94% |
| Small Industries Devp. Bank of India Ltd. | 0.38% | 1.06% | +0.68% |
| Madhya Pradesh State | 0.67% | 0.07% | -0.60% |
| Summit Digitel Infrastructure Pvt. Ltd. | 1.00% | 0.40% | -0.60% |
| Tata Capital Ltd. | 0.66% | 0.33% | -0.33% |
| Sundaram Home Finance Ltd. | 1.79% | 1.53% | -0.26% |
| Aditya Birla Housing Finance Ltd. | 0.24% | 0.11% | -0.13% |
| India Universal Trust AL1 | 0.76% | 0.68% | -0.08% |
| Punjab National Bank | 0.00% | 0.07% | +0.07% |
| Siddhivinayak Securitisation Trust | 1.63% | 1.60% | -0.03% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 3.39% | 3.41% | +0.02% |
| Radhakrishna Securitisation Trust | 1.62% | 1.60% | -0.02% |
| Shivshakti Securitisation Trust | 1.36% | 1.34% | -0.02% |
| GOI | 0.97% | 0.98% | +0.01% |
| Jio Credit Ltd. | 2.00% | 1.99% | -0.01% |
| L&T Metro Rail (Hyderabad) Ltd. | 0.33% | 0.32% | -0.01% |
| LIC Housing Finance Ltd. | 1.83% | 1.84% | +0.01% |
| National Highways Infra Trust | 0.13% | 0.12% | -0.01% |
| Nuclear Power Corpn. Of India Ltd. | 0.33% | 0.34% | +0.01% |
| Others | 0.32% | 0.33% | +0.01% |
| Poonawalla Fincorp Ltd. | 1.04% | 1.05% | +0.01% |
| REC Ltd. | 1.02% | 1.03% | +0.01% |
| Bajaj Finance Ltd. | 1.32% | 1.32% | 0.00% |
| Bajaj Housing Finance Ltd. | 0.33% | 0.33% | 0.00% |
| Bharti Telecom Ltd. | 0.66% | 0.66% | 0.00% |
| Export-Import Bank Of India | 0.67% | 0.67% | 0.00% |
| Gujarat State | 0.03% | 0.03% | 0.00% |
| HDB Financial Services Ltd. | 0.66% | 0.66% | 0.00% |
| Haryana State | 0.47% | 0.47% | 0.00% |
| Housing & Urban Development Corporation Ltd. | 0.66% | 0.66% | 0.00% |
| IndiGrid Infrastructure Trust | 0.67% | 0.67% | 0.00% |
| Indian Railway Finance Corporation Ltd. | 0.33% | 0.33% | 0.00% |
| Jamnagar Utilities and Power Pvt. Ltd. | 0.67% | 0.67% | 0.00% |
| Karnataka State | 0.06% | 0.06% | 0.00% |
| Kotak Mahindra Investments Ltd. | 1.25% | 1.25% | 0.00% |
| Maharashtra State | 0.34% | 0.34% | 0.00% |
| National Bank For Agriculture & Rural Development | 0.67% | 0.67% | 0.00% |
| Nomura Fixed Income Securities Pvt. Ltd. | 0.67% | 0.67% | 0.00% |
| Power Finance Corporation Ltd. | 0.55% | 0.55% | 0.00% |
| Rajasthan State | 0.34% | 0.34% | 0.00% |
| Sikka Ports and Terminals Ltd. | 0.02% | 0.02% | 0.00% |
| Tamilnadu State | 0.34% | 0.34% | 0.00% |
| Tata Capital Housing Finance Ltd. | 1.32% | 1.32% | 0.00% |
| Uttar Pradesh State | 0.75% | 0.75% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹4,910 Cr | 0.61% | 5.8% | 6.7% | 7.0% |
 HDFC Floating Interest Rates Fund | ₹15,498 Cr | 0.50% | 5.2% | 6.6% | 7.0% |
 ICICI Prudential Floating Interest Rates Fund | ₹8,027 Cr | 0.82% | 5.1% | 6.5% | 6.9% |
 SBI Floating Interest Rates Fund | ₹669 Cr | 0.43% | 5.9% | 6.7% | 7.0% |
 Bandhan Floating Interest Rates Fund | ₹210 Cr | 0.76% | 5.5% | 6.6% | 6.7% |
 Axis Floating Interest Rates Fund | ₹145 Cr | 0.52% | 7.3% | 7.4% | 7.5% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
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.
Fund managers
- Amber SinghaniaMMS Finance (Mumbai University)Prior to joining the Nippon India AMC, he was associated with Asian Markets Securities Pvt. Ltd.
- Vikash AgarwalMr. Agarwal is a B.Com., CA, CFAPrior to joining Nippon AMC, he has worked with HDFC AMC, Larsen & Toubro Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.71% absolute | ₹60,000 | ₹61,626 | 2.71% | |
| 1 year4.51% annualised | ₹1,20,000 | ₹1,22,972 | 2.48% | |
| 3 years7.04% annualised | ₹3,60,000 | ₹4,01,885 | 11.63% | |
| 5 years6.28% annualised | ₹6,00,000 | ₹7,06,422 | 17.74% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Nippon India Floating Interest Rates Fund?
The NAV of Nippon India Floating Interest Rates Fund is ₹48.51 as on 9 Nov 2026.
What is the expense ratio of Nippon India Floating Interest Rates Fund?
The expense ratio of Nippon India Floating Interest Rates Fund is 0.65% per year.
What is the minimum SIP amount for Nippon India Floating Interest Rates Fund?
You can start a SIP in Nippon India Floating Interest Rates Fund with ₹3,000 a month.
What returns has Nippon India Floating Interest Rates Fund given?
Nippon India Floating Interest Rates Fund has returned 4.6% over 1 year, 6.3% over 3 years and 6.7% over 5 years (annualised).
Is there a lock-in or exit load on Nippon India Floating Interest Rates Fund?
Lock-in: None. Exit load: Exit load of 0.50% if redeemed within 1 month.
How risky is Nippon India Floating Interest Rates Fund?
Nippon India Floating Interest Rates Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Floater category.
Which fund house manages Nippon India Floating Interest Rates Fund?
Nippon India Floating Interest Rates Fund is managed by Nippon India Mutual Fund, which runs 75 schemes with ₹8,03,520 Cr under management.