Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund vs UTI Floating Interest Rates Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund is a mutual fund and UTI Floating Interest Rates Fund is a Floater fund. In the 3 years to 30-10-2026, Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) returned 7.5% a year and UTI Floating Interest Rates Fund (Direct) returned 7.0% a year. Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund charges 0.15% a year and UTI Floating Interest Rates Fund 0.44% (Direct plans). Their portfolios overlap 11.6%: they hold 4 of the same securities.
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund
- 3 year return
- 7.5%
- Expense ratio
- 0.15%
- NAV
- ₹13.26
UTI Floating Interest Rates Fund
Floater
- 3 year return
- 7.0%
- Expense ratio
- 0.44%
- NAV
- ₹1,689.29
Which is better, Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index or UTI 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index returned more over 3 years: 7.5% a year against 7.0%.
- Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index returned more over 1 year: 6.0% against 5.6%.
- Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index costs less: 0.15% a year against 0.44% (Direct plans).
- Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index swung less over 3 years: a standard deviation of 0.6% a year against 0.6%.
- UTI Floating Interest Rates fell less in its worst fall since 29-03-2022: −0.3% against −3.3%.
- Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index is the larger fund: ₹2,931 Cr against ₹1,506 Cr.
- Their portfolios overlap 11.6%: 4 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund | UTI Floating Interest Rates Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | UTI Mutual Fund |
| Category | Not available | Floater |
| AUM | ₹2,931 Cr (30-09-2026) | ₹1,506 Cr (30-09-2026) |
| NAV | ₹13.26 (Direct) | ₹1,689.29 (Direct) |
| Expense ratio (Direct) | 0.15% | 0.44% |
| Expense ratio (Regular) | 0.32% | 0.86% |
| Riskometer | Not available | Low to Moderate |
| Benchmark | Not available | CRISIL Short Duration Debt A-II Index |
| Launch date | Not available | 30-10-2018 |
| Minimum investment | Not available | Regular Plan-Quarterly Reinvestment of IDCW- Rs.20000, Regular Plan-Quarterly Payout of IDCW- Rs.20000, Direct Plan-Quarterly Reinvestment of IDCW- Rs.20000, Direct Plan-Quarterly Payout of IDCW- Rs.20000, Regular Plan-Half-yearly Reinvestment of IDCW- Rs |
| Lock in | Not available | None |
| Fund managers | Not available | Pankaj Pathak FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Not available | Nil |
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index vs UTI 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) | +0.34% | +1.38% | +3.06% | +5.98% | +7.49% | -- | -- |
| UTI Floating Interest Rates Fund (Direct) | +0.15% | +0.94% | +2.71% | +5.58% | +6.95% | +6.31% | -- |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | -- |
Category average: the average of the 12 Floater funds, same plan type.
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index vs UTI Floating Interest Rates: Year-wise Returns
| Year | Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 IndexNippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index | UTI Floating Interest RatesUTI Floating Interest Rates |
|---|---|---|
| 2026to date | +5.01% | +4.61% |
| 2025 | +7.87% | +7.49% |
| 2024 | +8.03% | +7.54% |
| 2023 | +6.81% | +7.32% |
| 2022 | -- | +4.29% |
| 2021 | -- | +3.93% |
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index vs UTI Floating Interest Rates: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 383 of them, one for each trading day from 31-03-2025 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct)
UTI Floating Interest Rates Fund (Direct)
to
May 2025Aug 2022
to
Aug 2025Nov 2022
to
Nov 2025Mar 2023
to
Mar 2026Jun 2023
to
Jun 2026Sept 2023
to
Sept 2026
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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.5% | 6.0% | 8.0% |
| UTI Floating Interest Rates | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.3% | 7.3% | 6.8% | 7.6% |
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 29-03-2022. Past returns do not promise future returns.
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index vs UTI 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 29-03-2022 to 30-10-2026: 56 instalments, ₹5,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 IndexNippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) | ₹5,60,000 | ₹6,60,392 | ₹1,00,392 | 7.0% |
| UTI Floating Interest RatesUTI Floating Interest Rates Fund (Direct) | ₹5,60,000 | ₹6,56,109 | ₹96,109 | 6.7% |
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 IndexNippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct)
UTI Floating Interest RatesUTI 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.
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index vs UTI Floating Interest Rates: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) | UTI Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.98% | +5.58% |
| Standard deviation | 0.45% | 0.62% |
| Sharpe ratio | 1.65 | 0.53 |
| Sortino ratio | 2.72 | 0.77 |
| Maximum drawdown | −0.1% (21-05-2026) | −0.2% (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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) | UTI Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.49% | +6.95% |
| Standard deviation | 0.56% | 0.58% |
| Sharpe ratio | 2.62 | 1.60 |
| Sortino ratio | 4.77 | 2.55 |
| Maximum drawdown | −0.2% (13-06-2025) | −0.3% (13-06-2025) |
| 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) | UTI Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.29% | +6.76% |
| Standard deviation | 1.22% | 0.86% |
| Sharpe ratio | 0.23 | 1.77 |
| Sortino ratio | 0.27 | 3.50 |
| Maximum drawdown | −3.3% (07-06-2022) | −1.5% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-03-2022 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct)
UTI Floating Interest Rates Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct) | −3.3% | 07-04-2022 | 07-06-2022 | 11-11-2022 | 5 months | 0.0% |
| UTI Floating Interest Rates Fund (Direct) | −0.3% | 06-06-2025 | 13-06-2025 | 02-07-2025 | 19 days | −0.0% |
From daily values since 29-03-2022, 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct)
UTI 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.
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (Direct)
UTI Floating Interest Rates Fund (Direct)
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index vs UTI Floating Interest Rates: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund, September 2026; UTI Floating Interest Rates Fund, September 2026
Holdings in common
- Overlap
- 11.6%
- Held by both
- 4
- Only in Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index
- 69
- Only in UTI Floating Interest Rates
- 36
| Security | % of Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index | % of UTI Floating Interest Rates |
|---|---|---|
| 7.8% National Bank For Agriculture and Rural Development | 6.83% | 4.99% |
| 7.83% Indian Railway Finance Corporation Limited | 6.46% | 3.33% |
| 7.71% REC Limited | 2.56% | 1.66% |
| 7.75% Power Finance Corporation Limited | 1.93% | 1.66% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.6% means 11.6% 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 Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund
| Security | % of fund |
|---|---|
| 7.68% Indian Railway Finance Corporation Limited | 6.09% |
| 7.75% State Government Securities | 4.12% |
| 7.52% REC Limited | 3.46% |
| 7.76% State Government Securities | 3.45% |
| 6.37% REC Limited | 3.40% |
Largest holdings only in UTI Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| NCD SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 6.57% |
| GOI FRB - MAT 04/10/2028 | 5.01% |
| CD - CANARA BANK - 22/01/2027 | 4.88% |
| NCD SUMMIT DIGITEL INFRASTRUCTURE LTD | 3.33% |
| NCD REC LTD | 3.31% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index | UTI Floating Interest Rates |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.6% | 92.5% |
| Cash and others | 3.4% | 7.5% |
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index vs UTI Floating Interest Rates: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund | UTI Floating Interest Rates Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.15% | 0.44% |
| Base expense ratio (Direct) | 0.13% | 0.37% |
| Total expense ratio (Regular) | 0.32% | 0.86% |
| Base expense ratio (Regular) | 0.27% | 0.75% |
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 UTI Floating Interest Rates with
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- UTI Floating Interest Rates vs ICICI Prudential Floating Interest Rates
- UTI Floating Interest Rates vs Kotak Floating Interest Rates
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund vs UTI Floating Interest Rates Fund: Frequently Asked Questions
What is the difference between Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund and UTI Floating Interest Rates Fund?
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund is a mutual fund, UTI Floating Interest Rates Fund is a Floater fund, run by Nippon India Mutual Fund and UTI Mutual Fund. Their portfolios overlap 11.6%. Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund charges 0.15% a year and UTI Floating Interest Rates Fund 0.44%.
Which has given higher returns, Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund or UTI Floating Interest Rates Fund?
Over 1 year: Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund +5.98%, UTI Floating Interest Rates Fund +5.58%. Over 3 years: Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund +7.49% a year, UTI Floating Interest Rates Fund +6.95% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund or UTI Floating Interest Rates Fund?
Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund charges less: 0.15% a year against 0.44%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund and UTI Floating Interest Rates Fund overlap?
11.6%. They hold 4 of the same securities, the largest shared ones being 7.8% National Bank For Agriculture and Rural Development, 7.83% Indian Railway Finance Corporation Limited, 7.71% REC Limited. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund or UTI Floating Interest Rates Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,12,171 in Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund (XIRR 7.0% a year) and ₹4,09,284 in UTI Floating Interest Rates Fund (XIRR 6.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Nifty AAA CPSE Bond Plus SDL - APR 2027 Maturity 60:40 Index Fund and UTI Floating Interest Rates Fund?
Yes. 11.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.