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Nippon India Ultra Short Duration Fund

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Debt: Ultra Short Duration

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1 Lakh

Investment Grown to
₹ 1.04 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
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 0.50 0.01 0.04 0.34 0.93 2.80 4.07 4.18 5.00 5.83 6.74
CCIL T Bill Liquidity Weight 0.28 0.01 -0.01 0.20 0.45 1.09 2.87 3.74 3.97 4.40 4.68
Debt: Ultra Short Duration 0.43 0.01 0.06 0.31 0.72 1.77 4.66 5.72 6.30 6.99 7.81
Rank within category 5 7 25 4 3 1 20 13 13 13 12
Number of funds in category 28 28 28 28 28 27 27 15 15 14 12

As on 25-Feb-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 4.07 4.18 5.00 1.10 724
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 5.92 -- -- 0.64 18,196
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 6.22 7.49 7.78 0.50 16,118
Kotak Savings Fund Regular Plan  | Invest Online
4 star
 Aug-04 5.24 6.84 7.07 0.77 12,326
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 5.31 7.05 7.04 0.49 11,019

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 4.19 3.08 -0.16 -0.10 1.36 0.81
CCIL T Bill Liquidity Weight 3.72 0.36 -2.62 -5.07 -- --
Debt: Ultra Short Duration 5.77 1.62 1.63 2.91 1.19 2.23
Rank within category 15 14 15 15 10 15
Number of funds in category 17 17 17 17 17 17

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

As on 31-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 36 12 40
Modified Duration (yrs) 0.34 0.55 0.34 --
Average Maturity (yrs) 0.41 0.84 0.41 --
Yield to Maturity (%) 4.99 10.78 4.99 --
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 Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 16.25 13.76
new Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 13.69 13.69
equal HDFC 166-D 17/05/2021 Commercial Paper A1+ 0.00 - 8.07 6.83
equal 9.75% Uttar Pradesh Power Corporation 20/10/2021 Debenture A+ 0.00 - 11.22 6.75
equal 8.60% L&T Ahmedabad Maliya Tollway L Structured Obligation AA 0.00 - 6.55 5.23
equal Asirvad Microfinance 30/06/2022 Non Convertible Debenture AA- 0.00 - 5.86 4.68
equal 8.50% REC 20/12/2021 Bonds/NCDs AAA 0.00 - 4.26 3.58
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 4.38 3.52
new National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 3.45 3.45
new MRPL 60-D 12/03/2021 Commercial Paper A1+ 0.00 - 3.44 3.44
equal National Bank Agr. Rur. Devp 235-D 02/03/2021 Commercial Paper A1+ 0.00 - 4.11 3.44
equal Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 4.03 3.42
equal Indian Receivable Trust 25/08/2023 Zero Coupon Bonds A 1.65 - 5.09 1.65
equal 7.94% GOI 24/05/2021 Central Government Loan SOV 0.00 - 1.66 1.40
equal JM Fin Asset Reconstruction co 15/09/2021 Zero Coupon Bonds AA- 0.12 - 0.42 0.35
equal Tata Housing Devp. Co. 25/03/2022 Non Convertible Debenture AA 0.00 - 0.17 0.14
equal Others Margin Money -- - 0.01
equal Others Interest Rate Swap -- - -0.01

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 31-Jan-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 Reliance AMC since 2006.

Funds Managed:

Invest Online
0.01%

Change from previous, NAV as on 25-Feb-2021

Growth: ₹ 3,027.8096

Dividend Weekly: ₹ 1,091.8811

More

Dividend Quarterly: ₹ 1,011.8228

Dividend Monthly: ₹ 1,010.3997

Dividend 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: 5.93%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 724 Cr (As on 31-Jan-2021)
Expense: 1.10% (As on 31-Jan-2021)
Risk Grade: High
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Feb-20210.1588

 24-Feb-20210.0364
 22-Feb-20210.2663
 18-Feb-20210.4314
 17-Feb-20210.1784
 16-Feb-20210.3935
 15-Feb-20210.4989
 12-Feb-20210.1569
 11-Feb-20210.1592
 10-Feb-20210.1097
 09-Feb-20210.1940
 08-Feb-20210.3683
 05-Feb-20210.1035
 04-Feb-20210.0283
 03-Feb-20210.0669
 02-Feb-20210.0339
 01-Feb-20210.0866
 29-Jan-20210.1926
 28-Jan-20210.0914
 27-Jan-20210.1907
 25-Jan-20210.2951
 22-Jan-20210.1267
 21-Jan-20210.0422
 20-Jan-20210.1403
 19-Jan-20210.0099
Dividend Weekly22-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
 06-Nov-20201.1137
 02-Nov-20201.0157
 23-Oct-20201.7722
 16-Oct-20201.5966
 09-Oct-20201.8374
 05-Oct-20202.0932
 25-Sep-20200.5548
 10-Jul-20204.2535
 03-Jul-20202.3468
 06-Sep-20191.3175
 30-Aug-20191.4321
 23-Aug-20191.3171
Dividend Monthly25-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
 25-Jan-20183.4573
 26-Dec-20173.1228
 27-Nov-20173.6152
Dividend Quarterly21-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
 19-Dec-201317.0925

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

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