Nippon India Floating Interest Rates Fund vs Nippon India Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Floating Interest Rates Fund is a Floater fund and Nippon India Short Term Fund is a Short Duration fund. In the 3 years to 30-10-2026, Nippon India Floating Interest Rates Fund (Direct) returned 7.2% a year and Nippon India Short Term Fund (Direct) returned 7.4% a year. Nippon India Floating Interest Rates Fund charges 0.35% a year and Nippon India Short Term Fund 0.40% (Direct plans). Their portfolios overlap 16.4%: they hold 23 of the same securities.
Nippon India Floating Interest Rates Fund
Floater
- 3 year return
- 7.2%
- Expense ratio
- 0.35%
- NAV
- ₹50.91
Nippon India Short Term Fund
Short Duration
- 3 year return
- 7.4%
- Expense ratio
- 0.40%
- NAV
- ₹61.44
Which is better, Nippon India Floating Interest Rates or Nippon India Short Term? 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 Short Term returned more over 5 years: 6.6% a year against 6.5%.
- Nippon India Short Term returned more over 3 years: 7.4% a year against 7.2%.
- Nippon India Floating Interest Rates costs less: 0.35% a year against 0.40% (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 −2.9%.
- Nippon India Floating Interest Rates is the larger fund: ₹7,461 Cr against ₹6,364 Cr.
- Their portfolios overlap 16.4%: 23 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 | Nippon India Floating Interest Rates Fund | Nippon India Short Term Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Nippon India Mutual Fund |
| Category | Floater | Short Duration |
| AUM | ₹7,461 Cr (30-09-2026) | ₹6,364 Cr (30-09-2026) |
| NAV | ₹50.91 (Direct) | ₹61.44 (Direct) |
| Expense ratio (Direct) | 0.35% | 0.40% |
| Expense ratio (Regular) | 0.65% | 0.94% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | NIFTY Short Duration Debt Index A-II | CRISIL Short Duration Debt A-II Index |
| Launch date | 27-08-2004 | 18-12-2002 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Vikash Agarwal | Vivek Sharma, Sushil Budhia |
| Exit load | Nil | Nil |
Nippon India Floating Interest Rates vs Nippon India Short Term: 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Floating Interest Rates Fund (Direct) | −0.13% | +0.25% | +2.46% | +4.41% | +7.20% | +6.51% | +7.13% |
| Nippon India Short Term Fund (Direct) | −0.19% | +0.16% | +2.46% | +4.43% | +7.43% | +6.60% | +7.18% |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | +7.16% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
Category average: the average of the 12 Floater funds and the 25 Short Duration funds, same plan type.
Nippon India Floating Interest Rates vs Nippon India Short Term: Year-wise Returns
| Year | Floating Interest RatesNippon India Floating Interest Rates | Short TermNippon India Short Term |
|---|---|---|
| 2026to date | +3.65% | +3.64% |
| 2025 | +8.24% | +8.50% |
| 2024 | +8.54% | +8.58% |
| 2023 | +7.50% | +7.53% |
| 2022 | +4.11% | +4.03% |
| 2021 | +4.08% | +5.26% |
Nippon India Floating Interest Rates vs Nippon India Short Term: 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.
Nippon India Floating Interest Rates Fund (Direct)
Nippon India Short Term 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Nippon India Short Term | 0.0 | 0.0 | 93.6 | 6.4 | 0.0 | 0.0 | 0.0 | 7.9% | 7.9% | 5.4% | 11.2% |
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.
Nippon India Floating Interest Rates vs Nippon India Short Term: 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 |
|---|---|---|---|---|
| Nippon India Floating Interest RatesNippon India Floating Interest Rates Fund (Direct) | ₹16,60,000 | ₹28,15,107 | ₹11,55,107 | 7.3% |
| Nippon India Short TermNippon India Short Term Fund (Direct) | ₹16,60,000 | ₹28,42,149 | ₹11,82,149 | 7.4% |
Nippon India Floating Interest RatesNippon India Floating Interest Rates Fund (Direct)
Nippon India Short TermNippon India Short Term 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.
Nippon India Floating Interest Rates vs Nippon India Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Floating Interest Rates Fund (Direct) | Nippon India Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.41% | +4.43% |
| Standard deviation | 1.11% | 1.25% |
| Sharpe ratio | -0.75 | -0.65 |
| Sortino ratio | -1.05 | -0.91 |
| Maximum drawdown | −0.5% (21-05-2026) | −0.6% (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 | Nippon India Floating Interest Rates Fund (Direct) | Nippon India Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.20% | +7.43% |
| Standard deviation | 0.88% | 0.98% |
| Sharpe ratio | 1.34 | 1.43 |
| Sortino ratio | 2.07 | 2.18 |
| Maximum drawdown | −0.5% (21-05-2026) | −0.6% (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 | Nippon India Floating Interest Rates Fund (Direct) | Nippon India Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.51% | +6.60% |
| Standard deviation | 0.80% | 0.97% |
| Sharpe ratio | 0.88 | 0.82 |
| Sortino ratio | 1.30 | 1.14 |
| Maximum drawdown | −0.6% (13-05-2022) | −1.2% (09-05-2022) |
| 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 | Nippon India Floating Interest Rates Fund (Direct) | Nippon India Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.75% | +7.92% |
| Standard deviation | 1.28% | 1.40% |
| Sharpe ratio | 1.33 | 1.34 |
| Sortino ratio | 2.10 | 1.93 |
| Maximum drawdown | −2.6% (24-03-2020) | −2.9% (19-08-2013) |
| 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.
Nippon India Floating Interest Rates Fund (Direct)
Nippon India Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India Floating Interest Rates Fund (Direct) | −2.6% | 06-03-2020 | 24-03-2020 | 17-04-2020 | 24 days | −0.3% |
| Nippon India Short Term Fund (Direct) | −2.9% | 19-06-2013 | 19-08-2013 | 19-09-2013 | 31 days | −0.4% |
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.
Nippon India Floating Interest Rates Fund (Direct)
Nippon India Short Term 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.
Nippon India Floating Interest Rates Fund (Direct)
Nippon India Short Term 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.
Nippon India Floating Interest Rates Fund (Direct)
Nippon India Short Term Fund (Direct)
Nippon India Floating Interest Rates vs Nippon India Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Floating Interest Rates Fund, September 2026; Nippon India Short Term Fund, September 2026
Holdings in common
- Overlap
- 16.4%
- Held by both
- 23
- Only in Nippon India Floating Interest Rates
- 81
- Only in Nippon India Short Term
- 75
| Security | % of Nippon India Floating Interest Rates | % of Nippon India Short Term |
|---|---|---|
| 8.54% REC Limited | 2.20% | 2.08% |
| Small Industries Dev Bank of India | 1.71% | 2.36% |
| Siddhivinayak Securitisation Trust | 1.60% | 1.50% |
| Shivshakti Securitisation Trust | 1.34% | 3.37% |
| Mahindra & Mahindra Financial Services Limited | 2.68% | 1.18% |
| 7.48% National Bank For Agriculture and Rural Development | 1.00% | 1.17% |
| 7.45% Bharti Telecom Limited | 1.97% | 0.77% |
| 7.68% National Bank For Agriculture and Rural Development | 0.67% | 1.17% |
| 6.85% National Bank For Agriculture and Rural Development | 0.66% | 1.15% |
| 7.22% Small Industries Dev Bank of India | 0.66% | 0.77% |
| 7.9% HDB Financial Services Limited | 0.66% | 1.56% |
| 7.75% Bharti Telecom Limited | 0.66% | 0.62% |
| 7.44% National Bank For Agriculture and Rural Development | 0.46% | 0.86% |
| 7.64% Bajaj Housing Finance Limited | 1.64% | 0.44% |
| 7.87% Summit Digitel Infrastructure Limited | 0.40% | 1.18% |
| 7.7% Small Industries Dev Bank of India | 0.40% | 0.78% |
| 7.77% Bajaj Finance Limited | 1.32% | 0.39% |
| 7.89% Summit Digitel Infrastructure Limited | 0.80% | 0.39% |
| 7.49% Small Industries Dev Bank of India | 0.33% | 1.17% |
| Corporate Debt Market Development Fund Class A2 | 0.33% | 0.44% |
| 7.47% Small Industries Dev Bank of India | 1.06% | 0.23% |
| 7.17% State Government Securities | 0.13% | 0.19% |
| 7.45% Power Finance Corporation Limited | 1.60% | 0.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.4% means 16.4% 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 Nippon India Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| 7.96% Pipeline Infrastructure Private Limited | 3.41% |
| 7.57% Indian Railway Finance Corporation Limited | 3.34% |
| 7.64% National Bank For Agriculture and Rural Development | 2.40% |
| HDFC Bank Limited | 2.28% |
| 7.4% Summit Digitel Infrastructure Limited | 2.13% |
Largest holdings only in Nippon India Short Term Fund
| Security | % of fund |
|---|---|
| 7.44% Power Finance Corporation Limited | 3.72% |
| National Bank For Agriculture and Rural Development | 2.70% |
| 8.97% Government of India | 2.53% |
| 7.54% Knowledge Realty Trust | 2.49% |
| 8.71% GMR Hyderabad International Airport Limited | 2.36% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Floating Interest Rates | Nippon India Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 91.1% | 96.0% |
| Cash and others | 8.9% | 4.0% |
Nippon India Floating Interest Rates vs Nippon India Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Floating Interest Rates Fund | Nippon India Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.35% | 0.40% |
| Base expense ratio (Direct) | 0.30% | 0.33% |
| Total expense ratio (Regular) | 0.65% | 0.94% |
| Base expense ratio (Regular) | 0.55% | 0.79% |
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 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
Nippon India Floating Interest Rates Fund vs Nippon India Short Term Fund: Frequently Asked Questions
What is the difference between Nippon India Floating Interest Rates Fund and Nippon India Short Term Fund?
Nippon India Floating Interest Rates Fund is a Floater fund, Nippon India Short Term Fund is a Short Duration fund, run by Nippon India Mutual Fund. Their portfolios overlap 16.4%. Nippon India Floating Interest Rates Fund charges 0.35% a year and Nippon India Short Term Fund 0.40%.
Which has given higher returns, Nippon India Floating Interest Rates Fund or Nippon India Short Term Fund?
Over 1 year: Nippon India Floating Interest Rates Fund +4.41%, Nippon India Short Term Fund +4.43%. Over 3 years: Nippon India Floating Interest Rates Fund +7.20% a year, Nippon India Short Term Fund +7.43% a year. Over 5 years: Nippon India Floating Interest Rates Fund +6.51% a year, Nippon India Short Term Fund +6.60% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Floating Interest Rates Fund or Nippon India Short Term Fund?
Nippon India Floating Interest Rates Fund charges less: 0.35% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Floating Interest Rates Fund and Nippon India Short Term Fund overlap?
16.4%. They hold 23 of the same securities, the largest shared ones being 8.54% REC Limited, Small Industries Dev Bank of India, Siddhivinayak Securitisation Trust. From each fund's latest monthly portfolio.
Which is riskier, Nippon India Floating Interest Rates Fund or Nippon India Short Term Fund?
On SEBI's riskometer, Nippon India Floating Interest Rates Fund is rated Low to Moderate and Nippon India Short Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 0.88% and 0.98% a year.
Which is better for SIP, Nippon India Floating Interest Rates Fund or Nippon India Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,25,485 in Nippon India Floating Interest Rates Fund (XIRR 6.8% a year) and ₹7,27,207 in Nippon India Short Term Fund (XIRR 6.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Floating Interest Rates Fund and Nippon India Short Term Fund?
Yes. 16.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Nippon India Floating Interest Rates Fund and Nippon India Short Term Fund?
Nippon India Floating Interest Rates Fund: Vikash Agarwal. Nippon India Short Term Fund: Vivek Sharma, Sushil Budhia.
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.