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4 star

Nippon India Ultra Short Duration Fund


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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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(₹)
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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 7.02 0.00 0.04 0.30 0.95 5.60 8.16 4.82 5.38 5.97 6.81
CCIL T Bill Liquidity Weight 1.62 0.00 0.01 0.11 0.51 1.07 2.07 3.32 3.62 4.06 4.52
Debt: Ultra Short Duration 2.87 0.01 0.04 0.32 0.91 1.89 3.55 5.53 5.65 6.40 7.49
Rank within category 1 25 7 3 5 1 1 17 9 11 12
Number of funds in category 27 28 28 28 28 27 27 20 14 14 12

As on 20-Oct-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
4 star
Dec-01 8.16 4.82 5.38 1.12% 2,872
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 4.08 6.84 6.96 0.48% 17,747
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.66 6.27 -- 0.64% 16,705
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 3.28 6.00 6.33 0.77% 12,698
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.43 6.11 6.47 0.49% 11,007

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.49 06-Jul-2021 - 13-Jul-2021 -3.88 11-Sep-2019 - 18-Sep-2019
Month 3.80 08-Jun-2021 - 08-Jul-2021 -4.89 27-Aug-2019 - 26-Sep-2019
Quarter 4.62 16-Apr-2021 - 16-Jul-2021 -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 4.87 3.43 0.27 0.22 0.43 1.19
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Ultra Short Duration 5.51 1.35 1.86 4.07 1.08 2.23
Rank within category 16 19 19 19 4 18
Number of funds in category 20 20 20 20 20 20

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

As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 53 61 12 39
Modified Duration (yrs) 0.46 0.48 0.28 0.40
Average Maturity (yrs) 0.61 0.74 0.41 0.45
Yield to Maturity (%) 4.89 7.12 4.50 4.30
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 02/12/2021 Treasury Bills SOV 0.00 - 8.04 6.75
new 7.70% Shriram City Union Finance 21/12/2022 Non Convertible Debenture AA 0.00 - 5.22 5.22
new Export-Import Bank 196-D 24/03/2022 Certificate of Deposit A1+ 0.00 - 5.13 5.13
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 5.13 5.13
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 3.49 3.49
new Bharti Airtel 45-D 01/11/2021 Commercial Paper A1+ 0.00 - 3.47 3.47
equal Piramal Enterprises 89-D 02/11/2021 Commercial Paper A1+ 0.00 - 3.46 3.46
equal Reliance Industries 230-D 14/03/2022 Commercial Paper A1+ 0.00 - 4.08 3.42
equal IDFC First Bank 2022 Certificate of Deposit A1+ 0.00 - 3.35 3.35
up Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 2.88 2.88
new 6.90% REC 30/06/2022 Debenture AAA 0.00 - 2.66 2.66
equal 5.35% Telesonic Network 28/04/2023 Debenture AA+ 0.00 - 2.62 2.62
equal Godrej Industries 89-D 12/10/2021 Commercial Paper A1+ 0.00 - 3.11 2.61
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 14.00 2.51
equal 8.75% Kerala State 22/02/2022 State Development Loan SOV 0.00 - 2.55 2.11
equal 9.50% Piramal Capital & Housing Finance 15/04/2022 Debenture AA 0.00 - 4.54 1.90
equal 8.92% Karnataka State 2022 State Development Loan SOV 0.00 - 2.14 1.77
equal 9.25% Manappuram Finance 14/02/2022 Non Convertible Debenture AA 0.00 - 1.77 1.77
new 8.00% Aditya Birla Housing Finance 18/03/2022 Debenture AAA 0.00 - 1.77 1.77
equal 8.72% Shriram Transport Finance Company 27/03/2023 Bonds/NCDs AA+ 0.00 - 1.76 1.76
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 4.13 1.73
equal JM Financial Products 147-D 30/11/2021 Commercial Paper A1+ 0.00 - 2.05 1.73
equal Piramal Enterprises 91-D 30/11/2021 Commercial Paper A1+ 0.00 - 1.72 1.72
equal Bharti Hexacom 238-D 21/03/2022 Commercial Paper A1+ 0.00 - 2.03 1.71
equal 8.76% Uttar Pradesh State 22/02/2022 State Development Loan SOV 0.00 - 1.93 1.60

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-Sep-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:


0.00%

Change from previous, NAV as on 20-Oct-2021

Growth: ₹ 3,224.1899

IDCW Weekly: ₹ 1,091.6908

More

IDCW Quarterly: ₹ 1,013.4086

IDCW Monthly: ₹ 1,011.4963

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: 6.06%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,872 Cr (As on 30-Sep-2021)
Expense: 1.12% (As on 30-Sep-2021)
Risk Grade: High
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily20-Oct-20210.0005

 18-Oct-20210.3904
 14-Oct-20210.0995
 13-Oct-20210.2109
 12-Oct-20210.4553
 11-Oct-20210.3732
 08-Oct-20210.2212
 07-Oct-20210.1530
 05-Oct-20210.0056
 04-Oct-20210.2461
 01-Oct-20210.1722
 30-Sep-20210.1118
 28-Sep-20210.2295
 27-Sep-20210.2351
 23-Sep-20210.2373
 22-Sep-20210.0293
 21-Sep-20210.1827
 20-Sep-20210.2398
 17-Sep-20210.1073
 16-Sep-20210.0002
 15-Sep-20210.0807
 14-Sep-20210.0640
 13-Sep-20210.3586
 09-Sep-20210.1128
 08-Sep-20210.1323
IDCW Weekly18-Oct-20211.4989

 08-Oct-20210.6132
 01-Oct-20210.7877
 24-Sep-20210.6209
 17-Sep-20210.2471
 13-Sep-20210.8994
 03-Sep-20210.9651
 27-Aug-20210.7008
 20-Aug-20210.8727
 13-Aug-20211.2236
 06-Aug-20210.6552
 30-Jul-20210.8874
 23-Jul-20210.8433
 16-Jul-20211.4568
 09-Jul-202127.0222
 02-Jul-20210.8701
 25-Jun-20210.9334
 18-Jun-20210.3976
 11-Jun-202112.5372
 04-Jun-20210.9932
 28-May-20210.7409
 21-May-20210.9618
 14-May-20210.7602
 07-May-20210.7522
 30-Apr-20211.2631
IDCW Monthly27-Sep-20212.8420

 25-Aug-20213.2233
 26-Jul-202127.9779
 25-Jun-202113.7867
 25-May-20213.5578
 26-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
IDCW Quarterly20-Sep-202139.9411

 21-Jun-202113.3902
 19-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

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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