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2 star

Nippon India Ultra Short Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.09 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 7.68 0.01 0.14 0.38 1.24 6.12 9.15 5.68 6.28 6.89 --
CCIL T Bill Liquidity Weight* 1.64 0.03 0.06 0.17 0.57 1.12 2.12 3.34 3.63 4.07 --
Debt: Ultra Short Duration* 3.25 0.01 0.10 0.37 1.08 2.20 4.13 6.05 6.16 6.90 --
Rank within category* 1 8 2 3 4 1 1 16 9 9 --
Number of funds in category* 27 28 28 28 28 27 27 20 14 14 0

As on 14-Oct-2021

* As on 17-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 - Direct Plan  | Invest Online
2 star
Jan-13 9.15 5.68 6.28 0.25 2,872
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.34 7.02 7.11 0.34 17,747
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 4.08 6.64 -- 0.34 16,705
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.82 6.48 6.76 0.33 12,698
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.68 6.32 6.64 0.31 11,007

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.51 06-Jul-2021 - 13-Jul-2021 -3.86 11-Sep-2019 - 18-Sep-2019
Month 3.87 08-Jun-2021 - 08-Jul-2021 -4.82 27-Aug-2019 - 26-Sep-2019
Quarter 4.84 02-Jun-2021 - 01-Sep-2021 -3.53 26-Jun-2019 - 25-Sep-2019
Year 10.39 24-Jul-2020 - 26-Jul-2021 -0.18 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.66 3.43 0.50 0.41 0.43 1.97
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Ultra Short Duration 5.97 1.35 2.39 5.45 1.07 2.67
Rank within category 15 19 19 19 4 17
Number of funds in category 20 20 20 19 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 0.50 0.28 --
Average Maturity (yrs) 0.57 0.82 0.41 --
Yield to Maturity (%) 4.50 7.95 4.50 --
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 9.25% Manappuram Finance 14/02/2022 Non Convertible Debenture AA 0.00 - 1.77 1.77
equal 8.92% Karnataka State 2022 State Development Loan SOV 0.00 - 2.14 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

*As on 31-Aug-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:


0.01%

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

Growth: ₹ 3,453.7484

IDCW Weekly: ₹ 1,092.9634

More

IDCW Quarterly: ₹ 1,019.9511

IDCW Monthly: ₹ 1,019.8405

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: 01-Jan-2013
Return Since Launch: 7.33%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,872 Cr (As on 30-Sep-2021)
Expense: 0.25% (As on 30-Sep-2021)
Risk Grade: High
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Oct-20210.1265

 13-Oct-20210.2379
 12-Oct-20210.4825
 11-Oct-20210.4534
 08-Oct-20210.2479
 07-Oct-20210.1951
 06-Oct-20210.0117
 05-Oct-20210.0327
 04-Oct-20210.3257
 01-Oct-20210.1988
 30-Sep-20210.1654
 28-Sep-20210.2563
 27-Sep-20210.3420
 23-Sep-20210.2640
 22-Sep-20210.0559
 21-Sep-20210.2095
 20-Sep-20210.3198
 17-Sep-20210.1344
 16-Sep-20210.0266
 15-Sep-20210.1077
 14-Sep-20210.0908
 13-Sep-20210.4651
 09-Sep-20210.1396
 08-Sep-20210.1593
 07-Sep-20210.0925
IDCW Weekly08-Oct-20210.7955

 01-Oct-20210.9705
 24-Sep-20210.8023
 17-Sep-20210.3510
 13-Sep-20211.1600
 03-Sep-20211.1477
 27-Aug-20210.8834
 20-Aug-20211.0553
 13-Aug-20211.4055
 06-Aug-20210.8379
 30-Jul-20211.0694
 23-Jul-20211.0249
 16-Jul-20211.6401
 09-Jul-202127.2089
 02-Jul-20211.0526
 25-Jun-20211.1151
 18-Jun-20210.5809
 11-Jun-202112.7217
 04-Jun-20211.1764
 28-May-20210.9222
 21-May-20211.1435
 14-May-20210.9341
 07-May-20210.9128
 30-Apr-20211.4244
 23-Apr-20211.1861
IDCW Monthly27-Sep-20213.6449

 25-Aug-20213.9558
 26-Jul-202128.9047
 25-Jun-202114.6123
 25-May-20214.2299
 26-Apr-20215.0706
 25-Mar-20214.6283
 25-Feb-20213.6226
 25-Jan-20211.7202
 28-Dec-20203.3109
 25-Nov-20205.1569
 26-Oct-20206.5906
 25-Sep-20205.6660
 25-Aug-20203.1900
 26-Aug-20194.7923
 25-Apr-20195.9620
 25-Mar-20195.6903
 25-Feb-20194.6624
 25-Jan-20196.3898
 26-Dec-20185.9804
 26-Nov-20185.3436
 25-Oct-20185.6185
 25-Sep-20183.4935
 27-Aug-20185.7052
 25-Jul-20185.3405
IDCW Quarterly20-Sep-202142.4793

 21-Jun-202115.5620
 19-Mar-202111.5003
 21-Dec-202019.8762
 21-Sep-20209.9123
 19-Jun-202013.2035
 19-Mar-20205.7626
 19-Mar-201916.1617
 19-Dec-201816.0932
 19-Sep-201815.2440
 19-Jun-201813.3026
 19-Mar-201812.2338
 19-Dec-201711.9086
 19-Sep-201712.3097
 19-Jun-201712.1056
 20-Mar-201711.9223
 19-Dec-201612.3467
 19-Sep-201613.5197
 20-Jun-201615.6421
 21-Mar-201614.3014
 21-Dec-201514.2986
 21-Sep-201515.1199
 19-Jun-201516.5698
 19-Mar-201515.8779
 19-Dec-201415.9719

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

Webinar: All about MF Central

DateThursday, 14-Oct-2021
Time12:30 PM - 01:00 PM

Registration Over