Invesco India Short Term Fund vs Nippon India Floating Interest Rates Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Short Term Fund is a Short Duration fund and Nippon India Floating Interest Rates Fund is a Floater fund. In the 3 years to 30-10-2026, Invesco India Short Term Fund (Direct) returned 7.0% a year and Nippon India Floating Interest Rates Fund (Direct) returned 7.2% a year. Invesco India Short Term Fund charges 0.39% a year and Nippon India Floating Interest Rates Fund 0.35% (Direct plans). Their portfolios overlap 10.4%: they hold 7 of the same securities.
Invesco India Short Term Fund
Short Duration
- 3 year return
- 7.0%
- Expense ratio
- 0.39%
- NAV
- ₹4,187.41
Nippon India Floating Interest Rates Fund
Floater
- 3 year return
- 7.2%
- Expense ratio
- 0.35%
- NAV
- ₹50.91
Which is better, Invesco India Short Term or Nippon India Floating Interest Rates? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Floating Interest Rates returned more over 5 years: 6.5% a year against 6.1%.
- Nippon India Floating Interest Rates returned more over 3 years: 7.2% a year against 7.0%.
- Nippon India Floating Interest Rates costs less: 0.35% a year against 0.39% (Direct plans).
- Nippon India Floating Interest Rates swung less over 3 years: a standard deviation of 0.9% a year against 1.0%.
- Nippon India Floating Interest Rates fell less in its worst fall since 02-01-2013: −2.6% against −2.8%.
- Nippon India Floating Interest Rates is the larger fund: ₹7,461 Cr against ₹541 Cr.
- Their portfolios overlap 10.4%: 7 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Invesco India Short Term Fund | Nippon India Floating Interest Rates Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Nippon India Mutual Fund |
| Category | Short Duration | Floater |
| AUM | ₹541 Cr (30-09-2026) | ₹7,461 Cr (30-09-2026) |
| NAV | ₹4,187.41 (Direct) | ₹50.91 (Direct) |
| Expense ratio (Direct) | 0.39% | 0.35% |
| Expense ratio (Regular) | 1.07% | 0.65% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | NIFTY Short Duration Debt Index A-II | NIFTY Short Duration Debt Index A-II |
| Launch date | 24-03-2007 | 27-08-2004 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | None | None |
| Fund managers | Vikas Garg, Gaurav Jakhotia | Vikash Agarwal |
| Exit load | Nil | Nil |
Invesco India Short Term vs Nippon India Floating Interest Rates: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Invesco India Short Term Fund (Direct) | −0.27% | −0.09% | +2.15% | +3.88% | +7.02% | +6.11% | +6.74% |
| Nippon India Floating Interest Rates Fund (Direct) | −0.13% | +0.25% | +2.46% | +4.41% | +7.20% | +6.51% | +7.13% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | +7.16% |
Category average: the average of the 25 Short Duration funds and the 12 Floater funds, same plan type.
Invesco India Short Term vs Nippon India Floating Interest Rates: Year-wise Returns
| Year | Invesco India Short TermInvesco India Short Term | Nippon India Floating Interest RatesNippon India Floating Interest Rates |
|---|---|---|
| 2026to date | +3.09% | +3.65% |
| 2025 | +8.19% | +8.24% |
| 2024 | +8.20% | +8.54% |
| 2023 | +7.13% | +7.50% |
| 2022 | +3.43% | +4.11% |
| 2021 | +3.45% | +4.08% |
Invesco India Short Term vs Nippon India Floating Interest Rates: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,618 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Invesco India Short Term Fund (Direct)
Nippon India Floating Interest Rates Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Short Term | 0.0 | 5.8 | 93.4 | 0.8 | 0.0 | 0.0 | 0.0 | 7.5% | 7.6% | 4.4% | 10.4% |
| Nippon India Floating Interest Rates | 0.0 | 0.0 | 98.7 | 1.3 | 0.0 | 0.0 | 0.0 | 7.8% | 7.7% | 5.1% | 10.4% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
Invesco India Short Term vs Nippon India Floating Interest Rates: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India Short TermInvesco India Short Term Fund (Direct) | ₹16,60,000 | ₹27,36,388 | ₹10,76,388 | 6.9% |
| Nippon India Floating Interest RatesNippon India Floating Interest Rates Fund (Direct) | ₹16,60,000 | ₹28,15,107 | ₹11,55,107 | 7.3% |
Invesco India Short TermInvesco India Short Term Fund (Direct)
Nippon India Floating Interest RatesNippon India Floating Interest Rates Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Invesco India Short Term vs Nippon India Floating Interest Rates: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Short Term Fund (Direct) | Nippon India Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.88% | +4.41% |
| Standard deviation | 1.20% | 1.11% |
| Sharpe ratio | -1.13 | -0.75 |
| Sortino ratio | -1.54 | -1.05 |
| Maximum drawdown | −0.6% (23-10-2026) | −0.5% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Invesco India Short Term Fund (Direct) | Nippon India Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.02% | +7.20% |
| Standard deviation | 1.00% | 0.88% |
| Sharpe ratio | 0.99 | 1.34 |
| Sortino ratio | 1.49 | 2.07 |
| Maximum drawdown | −0.6% (23-10-2026) | −0.5% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Invesco India Short Term Fund (Direct) | Nippon India Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.11% | +6.51% |
| Standard deviation | 0.97% | 0.80% |
| Sharpe ratio | 0.32 | 0.88 |
| Sortino ratio | 0.45 | 1.30 |
| Maximum drawdown | −1.1% (13-05-2022) | −0.6% (13-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Invesco India Short Term Fund (Direct) | Nippon India Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.39% | +7.75% |
| Standard deviation | 1.49% | 1.28% |
| Sharpe ratio | 0.90 | 1.33 |
| Sortino ratio | 1.38 | 2.10 |
| Maximum drawdown | −2.8% (24-03-2020) | −2.6% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Invesco India Short Term Fund (Direct)
Nippon India Floating Interest Rates Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Short Term Fund (Direct) | −2.8% | 06-03-2020 | 24-03-2020 | 31-03-2020 | 7 days | −0.5% |
| Nippon India Floating Interest Rates Fund (Direct) | −2.6% | 06-03-2020 | 24-03-2020 | 17-04-2020 | 24 days | −0.3% |
From daily values since 02-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India Short Term Fund (Direct)
Nippon India Floating Interest Rates Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India Short Term Fund (Direct)
Nippon India Floating Interest Rates Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India Short Term Fund (Direct)
Nippon India Floating Interest Rates Fund (Direct)
Invesco India Short Term vs Nippon India Floating Interest Rates: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Short Term Fund, September 2026; Nippon India Floating Interest Rates Fund, September 2026
Holdings in common
- Overlap
- 10.4%
- Held by both
- 7
- Only in Invesco India Short Term
- 24
- Only in Nippon India Floating Interest Rates
- 97
| Security | % of Invesco India Short Term | % of Nippon India Floating Interest Rates |
|---|---|---|
| 7.96% Pipeline Infrastructure Private Limited 2029 | 4.65% | 3.41% |
| 7.64% National Bank For Agriculture and Rural Development 2029 | 4.59% | 2.40% |
| 8.2% Tata Capital Housing Finance Limited 2029 | 3.70% | 1.68% |
| Union Bank of India 2027 | 4.53% | 1.31% |
| 7.4% Summit Digitel Infrastructure Limited 2028 | 0.92% | 2.13% |
| India Universal Trust AL1 – Series A1 (backed by 100% new car loans from HDFC Bank Ltd) | 0.36% | 0.77% |
| Corporate Debt Market Development Fund Class A2 | 0.63% | 0.33% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.4% means 10.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Invesco India Short Term Fund
| Security | % of fund |
|---|---|
| 8.30% REC Limited 2029 | 4.70% |
| Muthoot Finance Limited 2029 (FRN) | 4.62% |
| 7.55% Indian Railway Finance Corporation Limited 2030 | 4.60% |
| 7.3388% ICICI Home Finance Company Limited 2028 | 4.58% |
| 6.92% State Government Securities 2030 | 4.57% |
Largest holdings only in Nippon India Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| 7.57% Indian Railway Finance Corporation Limited | 3.34% |
| Mahindra & Mahindra Financial Services Limited | 2.68% |
| HDFC Bank Limited | 2.28% |
| 8.54% REC Limited | 2.20% |
| 8.15% JIO Credit Limited | 1.99% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Short Term | Nippon India Floating Interest Rates |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 92.3% | 91.1% |
| Cash and others | 7.7% | 8.9% |
Invesco India Short Term vs Nippon India Floating Interest Rates: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Short Term Fund | Nippon India Floating Interest Rates Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.39% | 0.35% |
| Base expense ratio (Direct) | 0.30% | 0.30% |
| Total expense ratio (Regular) | 1.07% | 0.65% |
| Base expense ratio (Regular) | 0.89% | 0.55% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Invesco India Short Term with
Compare Nippon India Floating Interest Rates with
- Nippon India Floating Interest Rates vs Axis Floating Interest Rates
- Nippon India Floating Interest Rates vs Franklin India Floating Interest Rates
- Nippon India Floating Interest Rates vs Bandhan Floating Interest Rates
- Nippon India Floating Interest Rates vs ICICI Prudential Floating Interest Rates
- Nippon India Floating Interest Rates vs Kotak Floating Interest Rates
Invesco India Short Term Fund vs Nippon India Floating Interest Rates Fund: Frequently Asked Questions
What is the difference between Invesco India Short Term Fund and Nippon India Floating Interest Rates Fund?
Invesco India Short Term Fund is a Short Duration fund, Nippon India Floating Interest Rates Fund is a Floater fund, run by Invesco Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 10.4%. Invesco India Short Term Fund charges 0.39% a year and Nippon India Floating Interest Rates Fund 0.35%.
Which has given higher returns, Invesco India Short Term Fund or Nippon India Floating Interest Rates Fund?
Over 1 year: Invesco India Short Term Fund +3.88%, Nippon India Floating Interest Rates Fund +4.41%. Over 3 years: Invesco India Short Term Fund +7.02% a year, Nippon India Floating Interest Rates Fund +7.20% a year. Over 5 years: Invesco India Short Term Fund +6.11% a year, Nippon India Floating Interest Rates Fund +6.51% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Short Term Fund or Nippon India Floating Interest Rates Fund?
Nippon India Floating Interest Rates Fund charges less: 0.35% a year against 0.39%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Short Term Fund and Nippon India Floating Interest Rates Fund overlap?
10.4%. They hold 7 of the same securities, the largest shared ones being 7.96% Pipeline Infrastructure Private Limited 2029, 7.64% National Bank For Agriculture and Rural Development 2029, 8.2% Tata Capital Housing Finance Limited 2029. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Short Term Fund or Nippon India Floating Interest Rates Fund?
On SEBI's riskometer, Invesco India Short Term Fund is rated Moderate and Nippon India Floating Interest Rates Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 1.00% and 0.88% a year.
Which is better for SIP, Invesco India Short Term Fund or Nippon India Floating Interest Rates Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,18,551 in Invesco India Short Term Fund (XIRR 6.4% a year) and ₹7,25,485 in Nippon India Floating Interest Rates Fund (XIRR 6.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Invesco India Short Term Fund and Nippon India Floating Interest Rates Fund?
Yes. 10.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Invesco India Short Term Fund and Nippon India Floating Interest Rates Fund?
Invesco India Short Term Fund: Vikas Garg, Gaurav Jakhotia. Nippon India Floating Interest Rates Fund: Vikash Agarwal.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.