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Nippon India Ultra Short Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.20 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 is negligible but they do not guarantee returns or safety of capital.

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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one year in a Liquid fund.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.49 0.07 0.17 0.73 2.20 -0.34 1.63 5.57 6.60 7.30 --
CCIL T Bill Liquidity Weight 0.19 0.03 0.02 0.25 0.81 1.86 4.19 4.14 4.47 4.79 --
Debt: Ultra Short Duration 0.19 0.05 -0.06 0.35 1.36 3.38 7.00 6.66 7.47 8.29 --
Rank within category 1 3 1 1 1 26 22 14 15 14 --
Number of funds in category 28 28 28 28 27 26 23 17 17 15 0

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.57 (25-Sep-2019 - 25-Oct-2019) -4.82 (27-Aug-2019 - 26-Sep-2019)
Quarter 2.97 (26-Sep-2019 - 26-Dec-2019) -3.53 (26-Jun-2019 - 25-Sep-2019)
Year 9.67 (26-Jul-2013 - 27-Jul-2014) 1.18 (25-Sep-2018 - 25-Sep-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.44 2.92 -0.09 -0.04 3.85 6.04
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Debt: Ultra Short Duration 6.73 1.54 2.18 4.45 1.44 3.37
Rank within category 16 15 16 17 19 2
Number of funds in category 19 19 19 19 19 19

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 43 70 34 40
Modified Duration (yrs) 0.37 0.44 0.33 0.37
Average Maturity (yrs) 0.73 0.73 0.38 0.45
Yield to Maturity (%) 8.31 9.95 8.11 6.25

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.70% Piramal Enterprises 24/12/2020 Non Convertible Debenture AA 0.00 - 8.61 8.61
equal 8.75% Durg Shivnath Expressways 2029 Debenture AA 0.00 - 7.61 7.61
up 8.97% Uttar Pradesh Power Corporation 15/02/2022 Bonds AA 0.00 - 7.04 7.04
down 8.33% Panchshil Corporate Park 2022 Debenture AAA 0.00 - 5.45 5.26
equal 9.88% Northern ARC Capital 27/03/2020 Non Convertible Debenture A+ 1.78 - 5.10 5.10
new Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 5.05 5.05
new Indiabulls Housing Finance Securitised Debt AA 0.00 - 3.89 3.89
new Axis Bank 17/03/2020 Certificate of Deposit A1+ 0.00 - 3.75 3.75
equal Clix Finance India 17/12/2021 Non Convertible Debenture AA- 0.00 - 3.03 3.03
equal Sterlite Technologies 20/03/2020 Debenture AA 0.00 - 2.80 2.80
down Inox Wind Infrastructure Services 25/09/2020 Structured Obligation AA 0.00 - 4.51 2.74
equal 9.91% Jhajjar Power 30/04/2024 Debenture AA- 0.00 - 2.53 2.53
new Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 2.50 2.50
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 2.50 2.50
equal Welspun Enterprises 105-D 14/02/2020 Commercial Paper A1+ 0.00 - 2.50 2.50
equal Indian Receivable Trust 25/08/2023 Zero Coupon Bonds A 0.00 - 2.34 2.23
equal 9.85% Adani Transmission 2020 Debenture AA+ 0.00 - 2.02 2.02
new 8.90% Reliance Jio Infocomm 21/01/2020 Debenture AAA 0.00 - 2.02 2.02
equal Morgan Credits 19/04/2021 Zero Coupon Bonds BBB- 0.00 - 5.93 1.79
equal 11.55% Asirvad Microfinance 27/11/2020 Non Convertible Debenture AA- 0.00 - 1.68 1.68
equal 9.91% Jhajjar Power 28/04/2023 Debenture AA- 0.00 - 1.27 1.27
new Trust Investment Advisors 9-D 09/01/2020 Commercial Paper A1+ 0.00 - 1.26 1.26
new Bharti Enterprises Holdings 12-D 07/01/2020 Commercial Paper A1+ 0.00 - 1.26 1.26
new 7.90% Nirma 28/02/2020 Debenture AA 0.00 - 1.26 1.26
new Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 1.25 1.25

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-Dec-2019

Fund Manager

— Anju Chhajer since 01-Oct-2013

Education: Ms. Chhajer is a B.Com (H) and a Chartered Accountant.

Experience: Prior to joining Reliance 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:

— 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:


0.07%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 3,049.8723

Dividend Weekly: ₹ 1,073.4706

More

Dividend Quarterly: ₹ 1,012.9129

Dividend Monthly: ₹ 987.5299

Dividend Daily: ₹ 1,093.9571


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
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.31%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,980 Cr (As on 31-Dec-2019)
Expense: 0.37% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily12-Sep-20190.1307

 11-Sep-20190.3729
 09-Sep-20190.6724
 06-Sep-20190.1853
 05-Sep-20190.1906
 04-Sep-20190.1304
 03-Sep-20190.9577
 30-Aug-20190.2518
 29-Aug-20190.1608
 28-Aug-20190.2224
 27-Aug-20190.2742
 26-Aug-20190.6716
 23-Aug-20190.2417
 22-Aug-20190.1684
 21-Aug-20190.2317
 20-Aug-20190.2221
 19-Aug-20190.5994
 16-Aug-20190.4003
 14-Aug-20190.0780
 13-Aug-20190.6595
 09-Aug-20190.2091
 08-Aug-20190.5326
 07-Aug-20190.3702
 06-Aug-20190.2265
 05-Aug-20190.5601
Dividend Weekly06-Sep-20191.4350

 30-Aug-20191.5497
 23-Aug-20191.4346
 16-Aug-20191.1146
 09-Aug-20191.8619
 02-Aug-20190.0431
 26-Apr-20190.2998
 22-Apr-20191.6898
 12-Apr-20191.0450
 05-Apr-20191.5465
 29-Mar-20192.0989
 22-Mar-20191.0377
 15-Mar-20191.9848
 08-Mar-20191.6698
 01-Mar-20191.2264
 22-Feb-20190.8488
 15-Feb-20191.3273
 08-Feb-20191.6684
 01-Feb-20190.9290
 25-Jan-20191.2065
 18-Jan-20191.4764
 11-Jan-20191.4744
 04-Jan-20191.6796
 28-Dec-20181.4610
 21-Dec-20181.3169
Dividend Monthly26-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
 25-Jun-20185.1935
 28-May-20183.7535
 25-Apr-20184.6276
 26-Mar-20184.1616
 26-Feb-20184.2890
 25-Jan-20184.0255
 26-Dec-20173.6718
 27-Nov-20174.2401
 25-Oct-20173.9285
 25-Sep-20173.5791
 28-Aug-20174.4986
 25-Jul-20173.8326
 27-Jun-20174.2856
 25-May-20173.8513
Dividend Quarterly19-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
 19-Sep-201417.0867
 19-Jun-201418.9845
 19-Mar-201416.3986
 19-Dec-201317.9450
 19-Sep-201316.9076
 19-Jun-201316.5305
 19-Mar-201310.9780

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM