1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.
They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.
If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.
Taxability of earnings:
Capital gains
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 0.43 | -0.06 | -0.08 | 0.91 | 0.68 | 2.26 | 9.74 | 8.52 | 8.15 | 8.62 | -- |
CCIL T Bill Liquidity Weight | 0.54 | 0.02 | 0.02 | 0.20 | 0.49 | 0.99 | 2.47 | 3.65 | 3.86 | 4.33 | -- |
Debt: Floater | 0.60 | 0.00 | 0.01 | 0.73 | 0.57 | 2.17 | 8.32 | 7.93 | 7.85 | 8.21 | -- |
Rank within category | 7 | 10 | 10 | 2 | 5 | 3 | 2 | 1 | 2 | 2 | -- |
Number of funds in category | 8 | 10 | 10 | 9 | 8 | 7 | 7 | 5 | 5 | 5 | 0 |
As on 16-Apr-2021
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
Nippon India Floating Rate Fund - Direct Plan | Invest Online | Jan-13 | 9.74 | 8.52 | 8.15 | 0.24 | 13,114 | |
HDFC Floating Rate Debt Fund - Direct Plan | Invest Online | Jan-13 | 8.68 | 7.99 | 7.90 | 0.23 | 16,559 | |
Aditya Birla Sun Life Floating Rate Fund - Direct Plan | Invest Online | Jan-13 | 7.57 | 7.88 | 7.98 | 0.22 | 14,250 | |
ICICI Prudential Floating Interest Fund - Direct Plan | Invest Now | Jan-13 | 9.25 | 8.29 | 8.36 | 0.68 | 13,125 | |
Kotak Floating Rate Fund - Direct Plan | Invest Online | May-19 | 9.81 | -- | -- | 0.22 | 4,049 |
Best Performance | Worst Performance | |||
---|---|---|---|---|
Return (%) | Period | Return (%) | Period | |
Week | 2.64 | 24-Mar-2020 - 31-Mar-2020 | -1.92 | 12-Mar-2020 - 19-Mar-2020 |
Month | 3.82 | 24-Mar-2020 - 23-Apr-2020 | -2.08 | 20-Feb-2020 - 23-Mar-2020 |
Quarter | 6.75 | 26-Mar-2020 - 25-Jun-2020 | -1.02 | 21-May-2013 - 20-Aug-2013 |
Year | 12.34 | 12-Jul-2019 - 13-Jul-2020 | 3.71 | 25-Sep-2017 - 25-Sep-2018 |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | 8.28 | 1.89 | 2.02 | 3.18 | 1.37 | 5.00 |
CCIL T Bill Liquidity Weight | 3.60 | 0.37 | -2.39 | -5.59 | -- | -- |
Debt: Floater | 7.72 | 1.27 | 2.67 | 3.96 | 0.69 | 3.85 |
Rank within category | 1 | 5 | 5 | 5 | 5 | 1 |
Number of funds in category | 5 | 5 | 5 | 5 | 5 | 5 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Mar-2021
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 107 | 126 | 89 | 93 |
Modified Duration (yrs) | 1.54 | 2.30 | 1.54 | 1.26 |
Average Maturity (yrs) | 2.36 | 2.90 | 2.36 | 2.38 |
Yield to Maturity (%) | 5.11 | 7.02 | 4.63 | 4.77 |
Avg Credit Rating | AAA | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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7.32% GOI 28/01/2024 | GOI Securities | SOV | 8.67 - 16.03 | 8.67 |
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7.35% GOI 22/06/2024 | Central Government Loan | SOV | 0.00 - 7.41 | 7.41 |
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6.18% GOI 2024 | GOI Securities | SOV | 0.00 - 11.32 | 6.08 |
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7.45% LIC Housing Fin. 2023 | Non Convertible Debenture | AAA | 2.43 - 4.15 | 2.96 |
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Reliance Industries 17/04/2023 | Non Convertible Debenture | AAA | 2.26 - 3.90 | 2.76 |
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6.99% HDFC 13/02/2023 | Debenture | AAA | 2.35 - 5.50 | 2.35 |
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6.79% Tata Capital 28/12/2023 | Non Convertible Debenture | AAA | 0.00 - 2.29 | 2.29 |
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5.44% National Bank Agr. Rur. Devp 2024 | Debenture | AAA | 0.00 - 2.29 | 2.29 |
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5.60% Tata Capital Housing Finance 2023 | Non Convertible Debenture | AAA | 0.00 - 2.28 | 2.28 |
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7.25% Larsen & Toubro 24/04/2023 | Non Convertible Debenture | AAA | 1.79 - 2.80 | 2.19 |
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8.50% L&T Infrastructre Finance 17/02/2023 | Debenture | AAA | 1.62 - 2.75 | 1.98 |
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8.21% Haryana State 31/03/2024 | State Development Loan | SOV | 1.43 - 2.22 | 1.95 |
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Aditya Birla Finance 16/03/2023 | Non Convertible Debenture | AAA | 0.00 - 1.91 | 1.91 |
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HDB Financial Services 2021 | Debenture | AAA | 1.46 - 2.57 | 1.80 |
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8.60% India Grid Trust 31/08/2028 | Non Convertible Debenture | AAA | 1.43 - 2.79 | 1.77 |
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7.12% REC 31/03/2023 | Non Convertible Debenture | AAA | 1.32 - 1.98 | 1.61 |
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Tata Capital Financial Services 29/04/2022 | Debenture | AAA | 1.27 - 2.22 | 1.54 |
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Axis Finance 2023 | Zero Coupon Bonds | AAA | 1.22 - 1.97 | 1.51 |
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8.95% Jamnagar Utilities and Power 26/04/2023 | Debenture | AAA | 1.22 - 2.04 | 1.48 |
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First Business Receivable Trust | Securitised Debt | AAA | 0.14 - 0.25 | 1.48 |
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7.04% Power Finance Corp. 14/04/2023 | Non Convertible Debenture | AAA | 1.47 - 4.29 | 1.47 |
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7.20% Sikka Ports and Terminals 16/06/2023 | Zero Coupon Bonds | AAA | 0.00 - 1.58 | 1.43 |
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National Bank Agr. Rur. Devp 2024 | Non Convertible Debenture | AAA | 0.00 - 1.34 | 1.34 |
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8.90% State Bank of India | Additional Tier 2 Bond | AAA | 0.00 - 1.27 | 1.27 |
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7.80% Nabha Power 23/04/2023 | Debenture | AAA | 0.98 - 3.32 | 1.19 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Mar-2021
— Anju Chhajer since 01-Feb-2020
Education: Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
Experience: Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
Funds Managed:
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The scheme aims to generate regular income through investment in a portfolio comprising substantially of floating rate debt. It would not invest more than 75% of its assets in fixed rate debt securities including fixed rate securitised debt, money market instruments and floating rate debt Instruments swapped for fixed returns.
Minimum Investment (₹) | 5,000 |
Minimum Addl Investment (₹) | 1,000 |
Minimum SIP Investment (₹) | 100 |
Minimum No of Cheques | 60 |
Minimum Withdrawal (₹) | 100 |
Minimum Balance (₹) | 1 |
Lock-in Period | Not Applicable |
Exit Load | 0 |
Fund House: | Nippon India Mutual Fund |
Launch Date: | 01-Jan-2013 |
Return Since Launch: | 8.64% |
Benchmark: | CRISIL Short-Term Bond TRI |
Riskometer: | Low to Moderate |
Type: | Open-ended |
Assets: | ₹ 13,114 Cr (As on 31-Mar-2021) |
Expense: | 0.24% (As on 31-Mar-2021) |
Risk Grade: | -- |
Return Grade: | -- |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Daily | 16-Apr-2021 | 0.0018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Weekly | 15-Apr-2021 | 0.0129 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Monthly | 21-Dec-2020 | 0.0393 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Quarterly | 21-Dec-2020 | 0.2703 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW | 28-Mar-2016 | 0.3684 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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