ReviewDirect · GrowthPrefer peers first
Nippon India Floating Interest Rates Fund
Nippon India Mutual FundIncome/Debt Oriented Schemes - Floating Interest Rates Fund13.8 years
- NAV
- 50.8836
- 29 Oct 2026
- 1Y
- +4.4%
- Trailing CAGR
- AUM
- ₹7,461.22 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.3% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Three-year return sits below the 25th percentile of comparable share classes.
Prefer peers if · Prefer Aditya Birla Sun Life Floating Interest Rate Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
0.35% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -2.6%. Ask whether you can hold through a similar fall.
Vs category
Watch
47% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 28.9% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+4.4%
- 3Y+7.2%
- 5Y+6.5%
- 10Y+7.1%
- SI+7.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.0%
- 3Y+6.3%
- 5Y+6.8%
- 10Y+7.0%
- Since inception
- +7.7%
- Calendar-day CAGR
- Excess 1Y
- -1.2%
- Category median, same plan and option
- 3Y win rate
- +47%
- Windows beating the median
- 3Y percentile
- 9
- Vs comparable share classes
- SIP 3Y XIRR
- +6.3%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.1%
- 2619 daily-ending windows
- Median rolling 3Y
- +7.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2136 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -2.6%
- Worst peak-to-trough
- Current
- -0.3%
- Below last peak
- Current spell
- 50 days
- Days below latest peak
- Time below peak
- +36%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 293 recovered episodes
- Longest recovery
- 57 days
- Trough to prior peak
6 Mar 2020 – 17 Apr 2020
Trough 24 Mar 2020 · recovered in 24 days
-2.6%
12 Jul 2013 – 19 Sept 2013
Trough 19 Aug 2013 · recovered in 31 days
-1.7%
9 Apr 2018 – 5 Jul 2018
Trough 17 May 2018 · recovered in 49 days
-1.1%
8 Jan 2021 – 31 Mar 2021
Trough 2 Feb 2021 · recovered in 57 days
-1.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
9
Vs category
43
Consistency
48
Risk-adjusted
97
Drawdown
93
Mean
58
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 107 holdings · top 10 are 28.9%.
- Top 5
- 17.9%
- Top 10
- 28.9%
- Largest holding
- 5.6%
- Effective holdings
- 58.5
Repo
Unspecified
5.6%
PIPELINE INFRASTRUCTURE LIMITED SR 3 7.96 NCD 11MR29 FVRS1LAC
Industrials
3.4%
INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 175 7.57 BD 18AP29 FVRS1LAC
Financial
3.3%
Net Current Assets
Unspecified
2.9%
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED SR AC2026 RR NCD 18MY29 FVRS1LAC
Financial
2.7%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life Floating Interest Rate Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +5.6%
- 3Y
- +7.3%
- Vol
- 0.8%
- Max DD
- -1.8%
- Sharpe
- 2.19
- 3Y win
- +53%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
DSP Floating Interest Rates Fund
DSP Mutual Fund
- 1Y
- +4.2%
- 3Y
- +7.4%
- Vol
- 1.1%
- Max DD
- -0.8%
- Sharpe
- 0.53
- 3Y win
- +82%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
ICICI Prudential Floating Interest Rates Fund
ICICI Prudential Mutual Fund
- 1Y
- +5.5%
- 3Y
- +7.5%
- Vol
- 1.0%
- Max DD
- -1.8%
- Sharpe
- 2.31
- 3Y win
- +99%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Axis Floating Interest Rates Fund
Axis Mutual Fund
- 1Y
- +5.8%
- 3Y
- +8.2%
- Vol
- 1.8%
- Max DD
- -1.3%
- Sharpe
- 0.59
- 3Y win
- +99%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Kotak Floating Interest Rates Fund
Kotak Mahindra Mutual Fund
- 1Y
- +5.1%
- 3Y
- +7.5%
- Vol
- 1.4%
- Max DD
- -2.0%
- Sharpe
- 0.85
- 3Y win
- +72%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility