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2 star

Nippon India Ultra Short Duration Fund

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Debt: Ultra Short Duration

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1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.64 0.02 0.07 0.38 1.31 2.35 5.31 4.11 4.88 5.71 6.66
CCIL T Bill Liquidity Weight 0.69 0.01 0.02 0.17 0.49 0.94 2.22 3.62 3.84 4.29 4.65
Debt: Ultra Short Duration 1.18 0.01 0.05 0.30 0.89 1.61 4.19 5.47 5.99 6.68 7.70
Rank within category 2 2 2 2 1 1 3 13 12 13 12
Number of funds in category 27 28 28 27 27 27 26 15 14 14 12

As on 14-May-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Ultra Short Duration Fund  | Invest Online
2 star
 Dec-01 5.31 4.11 4.88 1.04 891
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 6.00 7.36 7.47 0.51 18,188
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 5.23 -- -- 0.64 15,279
Kotak Savings Fund Regular Plan  | Invest Online
4 star
 Aug-04 4.53 6.57 6.80 0.77 12,421
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 4.56 6.77 6.82 0.49 12,342

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.04 26-Sep-2019 - 03-Oct-2019 -3.88 11-Sep-2019 - 18-Sep-2019
Month 1.50 25-Sep-2019 - 25-Oct-2019 -4.89 27-Aug-2019 - 26-Sep-2019
Quarter 2.77 26-Sep-2019 - 26-Dec-2019 -3.71 26-Jun-2019 - 25-Sep-2019
Year 9.53 06-Aug-2011 - 05-Aug-2012 -0.96 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.11 3.08 -0.09 -0.06 1.11 0.64
CCIL T Bill Liquidity Weight 3.56 0.38 -2.17 -5.20 -- --
Debt: Ultra Short Duration 5.50 1.69 1.61 2.95 1.13 2.05
Rank within category 14 13 14 14 7 14
Number of funds in category 16 16 16 16 16 16

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 25 25 12 40
Modified Duration (yrs) 0.42 0.50 0.28 0.35
Average Maturity (yrs) 0.66 0.84 0.41 0.44
Yield to Maturity (%) 5.13 10.15 4.99 4.01
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 14.00 11.73
equal Reserve Bank of India 91-D 17/06/2021 Treasury Bills SOV 0.00 - 13.29 11.18
up National Bank Agr. Rur. Devp 199-D 02/08/2021 Commercial Paper A1+ 0.00 - 6.68 6.68
new Shriram Transport Finance 28/04/2023 Debenture AA+ 0.00 - 5.06 5.06
equal 8.07% Bajaj Housing Finance 2022 Non Convertible Debenture AAA 0.00 - 5.64 4.66
new 9.50% Piramal Capital & Housing Finance 15/04/2022 Debenture AA 0.00 - 4.54 4.54
equal 8.60% L&T Ahmedabad Maliya Tollway L Structured Obligation AA 4.25 - 6.55 4.25
equal Asirvad Microfinance 30/06/2022 Non Convertible Debenture AA- 3.89 - 5.86 3.89
equal 9.75% Uttar Pradesh Power Corporation 20/10/2021 Debenture A+ 3.68 - 11.22 3.68
equal Piramal Enterprises 91-D 27/05/2021 Commercial Paper A1+ 0.00 - 4.02 3.35
equal 9.90% Vivriti Capital 25/03/2024 Non Convertible Debenture AA+ 0.00 - 4.02 3.31
equal 8.50% REC 20/12/2021 Bonds/NCDs AAA 0.00 - 4.26 2.89
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 4.38 2.85
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 3.46 2.84
equal Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 4.03 2.80
new IDFC First Bank 28/09/2021 Certificate of Deposit A1+ 0.00 - 2.77 2.77
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 3.29 2.77
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 3.33 2.76
new Reliance Industries Corporate Bond Repo -- 0.00 - 2.60 2.60
down 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 6.14 2.29
equal 8.55% L&T Infrastructre Finance 29/11/2022 Non Convertible Debenture AAA 0.00 - 1.56 1.29
equal 8.35% Manappuram Finance 18/02/2022 Non Convertible Debenture AA 0.00 - 4.17 0.57
equal Indian Receivable Trust 25/08/2023 Zero Coupon Bonds A 0.43 - 5.09 0.43
equal JM Fin Asset Reconstruction co 15/09/2021 Zero Coupon Bonds AA- 0.29 - 0.42 0.29
equal Tata Housing Devp. Co. 25/03/2022 Non Convertible Debenture AA 0.00 - 0.17 0.11

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Apr-2021

Fund Manager

— Vivek Sharma since 01-Oct-2013

Education: Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).

Experience: He has been associated with Nippon India Mutual Fund since 2006.

Funds Managed:

Invest Online
0.02%

Change from previous, NAV as on 14-May-2021

Growth: ₹ 3,062.0880

IDCW Weekly: ₹ 1,091.6900

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IDCW Quarterly: ₹ 1,013.6912

IDCW Monthly: ₹ 1,010.3486

IDCW Daily: ₹ 1,114.1500

Investment Strategy

The Scheme seeks to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt and money market instruments.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 07-Dec-2001
Return Since Launch: 5.92%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 891 Cr (As on 30-Apr-2021)
Expense: 1.04% (As on 30-Apr-2021)
Risk Grade: High
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-May-20210.2198

 12-May-20210.1492
 11-May-20210.1335
 10-May-20210.2734
 07-May-20210.0452
 06-May-20210.1276
 05-May-20210.1394
 04-May-20210.1451
 03-May-20210.3101
 30-Apr-20210.2480
 29-Apr-20210.2561
 28-Apr-20210.1320
 27-Apr-20210.0962
 26-Apr-20210.5563
 23-Apr-20210.1222
 22-Apr-20210.3130
 20-Apr-20210.2265
 19-Apr-20210.3836
 16-Apr-20210.1440
 15-Apr-20210.2446
 12-Apr-20210.3430
 09-Apr-20210.1275
 08-Apr-20210.0256
 06-Apr-20210.3213
 05-Apr-20210.7584
IDCW Weekly14-May-20210.7602

 07-May-20210.7522
 30-Apr-20211.2631
 23-Apr-20211.0238
 16-Apr-20210.7170
 09-Apr-20210.4644
 05-Apr-20211.9700
 26-Mar-20212.4364
 19-Mar-20210.6303
 12-Mar-20210.7612
 05-Mar-20211.3750
 26-Feb-20210.3379
 22-Feb-20211.7335
 12-Feb-20210.9688
 05-Feb-20210.3127
 29-Jan-20210.7548
 22-Jan-20210.3127
 08-Jan-20211.0270
 01-Jan-20210.6424
 28-Dec-20201.6272
 11-Dec-20201.1595
 04-Dec-20200.8730
 27-Nov-20201.8456
 20-Nov-20201.6066
 13-Nov-20201.3437
IDCW Monthly26-Apr-20214.3663

 25-Mar-20214.0149
 25-Feb-20213.0401
 25-Jan-20211.2371
 28-Dec-20202.7109
 25-Nov-20204.5380
 26-Oct-20206.0440
 25-Sep-20205.0361
 25-Aug-20202.5584
 26-Aug-20192.5574
 25-Apr-20195.4781
 25-Mar-20194.9982
 25-Feb-20194.2191
 25-Jan-20195.6195
 26-Dec-20185.4140
 26-Nov-20184.8680
 25-Oct-20185.1203
 25-Sep-20183.0029
 27-Aug-20184.8921
 25-Jul-20184.8276
 25-Jun-20184.7031
 28-May-20183.1364
 25-Apr-20184.0609
 26-Mar-20183.6314
 26-Feb-20183.6829
IDCW Quarterly19-Mar-20219.5073

 21-Dec-202017.7897
 21-Sep-20207.8890
 19-Jun-202011.5511
 19-Mar-201914.6849
 19-Dec-201814.5798
 19-Sep-201813.5790
 19-Jun-201811.4949
 19-Mar-201810.4598
 19-Dec-201710.1206
 19-Sep-201710.5016
 19-Jun-201710.3146
 20-Mar-201710.1319
 19-Dec-201610.5561
 19-Sep-201611.7179
 20-Jun-201613.8216
 21-Mar-201612.5020
 21-Dec-201512.4932
 21-Sep-201513.2585
 19-Jun-201514.8208
 19-Mar-201514.2325
 19-Dec-201414.5228
 19-Sep-201415.4877
 19-Jun-201417.4244
 19-Mar-201415.3922

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Last Session

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

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