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2 star

Nippon India Ultra Short Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.05 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 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 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 a 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 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 3.53 0.03 0.10 0.59 1.02 2.10 5.24 5.09 6.05 6.91 --
CCIL T Bill Liquidity Weight 2.45 0.02 0.02 0.17 0.56 1.65 3.48 4.01 4.19 4.68 --
Debt: Ultra Short Duration 4.47 0.01 0.08 0.33 1.32 3.45 8.18 6.41 7.08 7.79 --
Rank within category 24 1 3 2 21 27 23 13 15 14 --
Number of funds in category 27 28 28 28 28 28 25 16 16 15 0

As on 18-Sep-2020

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 5.24 5.09 6.05 0.33 621
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 7.63 7.82 8.21 0.34 16,218
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.82 7.61 7.53 0.32 12,635
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 7.18 -- -- 0.34 11,891
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.00 7.55 7.81 0.33 11,176

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.05 (26-Sep-2019 - 03-Oct-2019) -3.86 (11-Sep-2019 - 18-Sep-2019)
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) -0.18 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.03 3.08 -0.03 -0.02 2.01 2.25
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Ultra Short Duration 6.43 1.70 2.13 4.32 0.90 2.35
Rank within category 15 14 15 16 15 13
Number of funds in category 18 18 18 18 18 18

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

As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 43 14 37
Modified Duration (yrs) 0.44 0.55 0.33 0.34
Average Maturity (yrs) 0.79 0.84 0.38 0.42
Yield to Maturity (%) 9.16 10.78 8.11 4.54

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.75% Uttar Pradesh Power Corporation 20/10/2021 Debenture A+ 0.00 - 10.39 10.39
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 9.10 9.10
down 11.95% Aqua Space Developers 27/06/2022 Non Convertible Debenture A 0.00 - 8.47 8.10
down 9.70% Piramal Enterprises 24/12/2020 Non Convertible Debenture AA 6.91 - 14.29 8.01
new NTPC 91-D 09/09/2020 Commercial Paper A1+ 0.00 - 7.24 7.24
up 8.60% L&T Ahmedabad Maliya Tollway L Structured Obligation AA 0.00 - 6.08 6.08
equal Asirvad Microfinance 30/06/2022 Non Convertible Debenture AA- 0.00 - 5.44 5.44
equal Indian Receivable Trust 25/08/2023 Zero Coupon Bonds A 2.00 - 5.09 5.09
down Clix Finance India 17/12/2021 Non Convertible Debenture A+ 0.00 - 9.39 4.84
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 4.07 4.07
down 11.35% Northern ARC Capital 25/02/2022 Non Convertible Debenture A+ 0.00 - 7.85 4.04
equal 11.35% Northern ARC Capital 27/01/2022 Non Convertible Debenture A+ 0.00 - 6.05 1.62
equal JM Fin Asset Reconstruction co 15/09/2021 Zero Coupon Bonds AA- 0.00 - 0.38 0.38
equal Tata Housing Devp. Co. 25/03/2022 Non Convertible Debenture AA 0.00 - 0.16 0.16

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-Aug-2020

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:


0.03%

Change from previous, NAV as on 18-Sep-2020

Growth: ₹ 3,142.1750

Dividend Weekly: ₹ 1,091.6900

More

Dividend Quarterly: ₹ 1,021.9816

Dividend Monthly: ₹ 1,014.2357

Dividend Daily: ₹ 1,112.1769


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: 7.07%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 621 Cr (As on 31-Aug-2020)
Expense: 0.33% (As on 31-Aug-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly18-Sep-20200.4470

 10-Jul-20204.4149
 03-Jul-20203.4139
 26-Jun-20202.1165
 19-Jun-20201.7203
 05-Jun-20201.1465
 29-May-20200.9393
 06-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
Dividend Monthly25-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
 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
Dividend Daily16-Jul-20200.3619

 15-Jul-20200.7857
 14-Jul-20200.3567
 13-Jul-20200.9378
 10-Jul-20202.8987
 09-Jul-20200.3898
 08-Jul-20200.5834
 07-Jul-20200.3268
 06-Jul-20200.3059
 03-Jul-20200.9155
 02-Jul-20200.6221
 01-Jul-20200.4297
 30-Jun-20200.4515
 29-Jun-20201.0641
 26-Jun-20200.8744
 25-Jun-20200.3725
 24-Jun-20200.3985
 23-Jun-20200.3976
 22-Jun-20200.1230
 19-Jun-20200.6863
 09-Jun-20200.3908
 08-Jun-20200.6793
 05-Jun-20200.3089
 04-Jun-20200.1579
 01-Jun-20200.0523
Dividend Quarterly19-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
 19-Sep-201417.0867
 19-Jun-201418.9845
 19-Mar-201416.3986
 19-Dec-201317.9450
 19-Sep-201316.9076

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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