DebtFloater FundDirectIDCWModerate

Nippon India Floater Fund

Q: What is the NAV of Nippon India Floater Fund?

As of 20 Aug 2026, the NAV of Nippon India Floater Fund is ₹22.71 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Nippon India Floater Fund delivered?

Nippon India Floater Fund has returned +5.87% over 1 year, +7.63% per year over 3 years, +6.57% per year over 5 years and +6.56% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Nippon India Floater Fund?

Nippon India Floater Fund charges an expense ratio of 0.36% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Nippon India Floater Fund?

Its largest holdings are PIPELINE INFRASTRUCTURE LIMITED SR 3 7.96 NCD 11MR29 FVRS1LAC (3.4%), INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 175 7.57 BD 18AP29 FVRS1LAC (3.4%), SUNDARAM HOME FINANCE LIMITED SR 329 NCD 27OT27 FVRS10LAC (2.7%), MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED SR AC2026 RR NCD 18MY29 FVRS1LAC (2.7%) and NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25B 7.64 BD 06DC29 FVRS1LAC (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Nippon India Floater Fund?

It is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.9% and its worst peak-to-trough fall in our sample was -8.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 1.31 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Floater Fund's 1.31 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Nippon India Floater Fund?

Nippon India Floater Fund is benchmarked against the NIFTY Short Duration Debt Index A-II. Its alpha and beta on this page are measured against that index.

Q: Who manages Nippon India Floater Fund?

Nippon India Floater Fund is managed by Kinjal Desai and Vikash Agarwal at Nippon India.

Q: How is Nippon India Floater Fund taxed?

Nippon India Floater Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Nippon India Mutual Fund · Best Floater Mutual Funds

This is the Direct plan of Nippon India Floater Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

NAV

₹22.71

-0.13% 1D

as of 20 Aug 2026

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NAV history

+5.92%CAGR

52-week rangePrev NAV ₹22.74

Latest ₹22.71

Low ₹21.4496th percentile of its 52-week rangeHigh ₹22.76

Scorecard

★★★☆☆3/5 vs 34 of 33 Floater Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Floater Fund (same plan and option). 34 of the 33 Floater Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +7.63% · ranks 7 of 33 Floater Funds

RiskLow

Volatility 0.9% vs 1.6% category avg

CostHigh

0.4% expense vs 0.3% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Floater Fund average on 3M/6M/1Y — 1Y by 3.22pp
3-year return (+7.63%) beats the Floater Fund average (+3.34%)
5-year return (+6.57%) beats the Floater Fund average (+2.75%)
Less volatile than its Floater Fund peers (0.9% vs 1.6%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

High expense ratio (0.36%) vs the Floater Fund average of 0.26%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 0.26%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category —

Excess return per unit of total volatility (rf = 6.5%)

1.31

Category -1.70▲3.01

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

26 Sep 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.42%

Absolute return over the last 3 months (not annualized)

+2.56%

Absolute return over the last 6 months (not annualized)

+2.88%

Absolute return since 1 Jan of this year (not annualized)

+3.60%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+5.87%

3-year annualized return (CAGR)

+7.63%

5-year annualized return (CAGR)

+6.57%

10-year annualized return (CAGR)

+7.31%

Annualized return (CAGR) since the fund's inception

+6.56%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.87%

Excess return per unit of total volatility (rf = 6.5%)

1.31

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

2.06

Largest peak-to-trough decline over full history

-8.61%

Benchmark ratios

Not shown for Floater Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Floater Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.42%	+0.19%	+0.23%
3M abs	+2.56%	+1.34%	+1.22%
6M abs	+2.88%	+1.21%	+1.67%
1Y CAGR	+5.87%	+2.65%	+3.22%
3Y CAGR	+7.63%	+3.34%	+4.29%
5Y CAGR	+6.57%	+2.75%	+3.82%

Category average across peers in Floater Fund (up to 33 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 33 peers in Floater Fund

1Y return

+5.87%

Beats 57.6% · rank #15

3Y return

+7.63%

Beats 81.8% · rank #7

5Y return

+6.57%

Beats 65.6% · rank #12

Sharpe

1.31

Beats 66.7% · rank #11

Sortino

2.06

Beats 66.7% · rank #11

Rolling returns

Return for every possible 1Y holding period, not just today’s

Average

+6.5%

Median

+7.1%

Best

+12.4%

Worst

-1.9%

Positive periods

93.7%

143 overlapping 1Y windows, sampled monthly across the fund’s history.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.17L

Absolute

+19.43%

XIRR

+7.26%

Value vs. invested

60 monthly installments of ₹10,000 into Nippon India Floater Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+3.63%
2025	+8.24%
2024	+8.54%
2023	+7.44%
2022	+4.04%
2021	+4.06%
2020	+11.66%
2019	+9.80%
2018	+6.32%
2017	+6.43%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

3,113

Expense ratio

AUM

Portfolio turnover

Exit load

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Floater Fund

Compare all


Nippon India Floater FundThis fund Nippon India	★★★☆☆	+5.87%	+7.63%	+6.57%	—	0.36%	₹7,556Cr
ICICI Prudential Floating Interest Fund ICICI Prudential	★★★★★	+6.83%	+8.00%	+6.28%	—	0.29%	₹1.44Cr
Axis Floater Fund Axis	★★★★★	+7.38%	+7.99%	+6.69%	—	0.23%	₹145.64Cr
DSP Floater Fund DSP	★★★★★	+5.87%	+7.91%	+6.76%	—	0.29%	₹331.10Cr
Kotak Floating Rate Fund Kotak Mahindra	★★★★★	+6.14%	+7.85%	+6.57%	—	0.25%	₹3,438Cr
SBI Floating Rate Debt Fund SBI	★★★★☆	+6.57%	+7.75%	+6.78%	—	0.28%	₹683.31Cr

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-8.6%19 Sep 2014 → 22 Sep 2014
Fell over 3 days, back to the old high on 19 Nov 2015 — 14 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹7,556Cr

April - June 2026

-8%

since January - March 2026

Down +8% from its peak of ₹8,229Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Nippon India in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Debt funds

Debt funds lend to governments and companies and earn interest. They're generally steadier than equity funds and are used for shorter horizons and stability.

Frequently asked questions

What is the NAV of Nippon India Floater Fund?

As of 20 Aug 2026, the NAV of Nippon India Floater Fund is ₹22.71 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Nippon India Floater Fund delivered?

Nippon India Floater Fund has returned +5.87% over 1 year, +7.63% per year over 3 years, +6.57% per year over 5 years and +6.56% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Nippon India Floater Fund?

Nippon India Floater Fund charges an expense ratio of 0.36% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Nippon India Floater Fund?

Its largest holdings are PIPELINE INFRASTRUCTURE LIMITED SR 3 7.96 NCD 11MR29 FVRS1LAC (3.4%), INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 175 7.57 BD 18AP29 FVRS1LAC (3.4%), SUNDARAM HOME FINANCE LIMITED SR 329 NCD 27OT27 FVRS10LAC (2.7%), MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED SR AC2026 RR NCD 18MY29 FVRS1LAC (2.7%) and NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25B 7.64 BD 06DC29 FVRS1LAC (2.4%). Holdings are disclosed monthly and change over time.

How risky is Nippon India Floater Fund?

It is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.9% and its worst peak-to-trough fall in our sample was -8.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 1.31 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Floater Fund's 1.31 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Nippon India Floater Fund?

Nippon India Floater Fund is benchmarked against the NIFTY Short Duration Debt Index A-II. Its alpha and beta on this page are measured against that index.

Who manages Nippon India Floater Fund?

Nippon India Floater Fund is managed by Kinjal Desai and Vikash Agarwal at Nippon India.

How is Nippon India Floater Fund taxed?

Nippon India Floater Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.