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4 star

Nippon India Corporate Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. 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

  • 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 2.44 0.05 0.21 0.69 2.25 2.74 8.27 8.39 8.09 8.40 --
VR Bond 0.81 0.06 0.26 0.30 1.67 0.99 3.52 7.18 6.61 7.15 --
Debt: Corporate Bond 1.83 0.03 0.26 0.67 2.45 2.13 7.33 8.95 8.36 8.59 --
Rank within category 2 2 17 7 14 2 3 13 10 7 --
Number of funds in category 20 21 21 21 20 20 19 15 13 11 0

As on 14-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.27 8.39 8.09 0.24 2,656
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.05 9.64 8.71 0.30 24,669
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 7.46 9.19 8.43 0.27 19,871
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 7.25 8.76 8.44 0.29 9,646
Axis Corporate Debt Fund - Direct Plan
4 star
Jul-17 8.94 8.94 -- 0.24 4,566

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.97 24-Mar-2020 - 31-Mar-2020 -1.34 12-Mar-2020 - 19-Mar-2020
Month 2.50 24-Mar-2020 - 23-Apr-2020 -1.35 25-Feb-2020 - 26-Mar-2020
Quarter 3.83 24-Mar-2020 - 24-Jun-2020 -0.08 21-May-2013 - 20-Aug-2013
Year 11.04 20-Aug-2013 - 20-Aug-2014 5.70 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.07 1.49 2.54 3.24 0.29 3.04
VR Bond 6.84 2.05 1.24 1.72 -- --
Debt: Corporate Bond 8.67 2.43 2.03 3.24 0.65 2.72
Rank within category 13 1 4 9 2 6
Number of funds in category 14 14 14 14 14 14

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 62 62 13 101
Modified Duration (yrs) 1.64 2.02 1.39 --
Average Maturity (yrs) 2.13 2.72 1.79 --
Yield to Maturity (%) 5.25 9.39 4.95 --
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 Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 3.56 - 7.86 4.87
equal 8.62% Maharashtra State 20/02/2023 State Development Loan SOV 0.00 - 6.03 4.42
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.00 - 5.21 3.77
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 4.34 3.77
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 4.35 3.77
new IndInfravit Trust 2038 Debenture AAA 0.00 - 3.75 3.75
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 6.04 3.74
equal 8.55% L&T Infrastructre Finance 29/11/2022 Non Convertible Debenture AAA 0.00 - 3.10 2.94
equal 9.50% Piramal Capital & Housing Finance 15/04/2022 Debenture AA 0.00 - 3.04 2.89
equal 5.40% Nabha Power 15/05/2023 Debenture AAA 0.00 - 2.98 2.84
equal 6.70% Indian Railway Finance Corporation 24/11/2021 Bonds/NCDs AAA 0.00 - 6.22 2.29
equal 8.79% LIC Housing Fin. 2024 Non Convertible Debenture AAA 0.00 - 3.04 2.25
equal 8.09% Kerala State 2025 State Development Loan SOV 0.00 - 2.13 2.04
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 0.00 - 3.21 2.01
new 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 1.95 1.95
equal REC 13/12/2022 Debenture AAA 0.00 - 2.66 1.95
new 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 1.94 1.94
equal 6.19% Mahindra & Mahindra 2025 Debenture AAA 0.00 - 5.18 1.94
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 1.93 - 11.46 1.93
equal 6.72% NTPC 24/11/2021 Bonds AAA 0.00 - 5.19 1.91
equal Axis Finance 21/12/2022 Non Convertible Debenture AAA 0.00 - 2.55 1.88
equal 4.66% Bajaj Finance 2022 Debenture AAA 0.00 - 2.54 1.87
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 0.00 - 4.97 1.76
equal 8.48% Uttar Pradesh Power Corporation 15/03/2022 Structured Obligation AA 0.00 - 2.38 1.52
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 2.72 1.40

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-May-2021

*As on 30-Apr-2021

Fund Manager

— Vivek Sharma since 01-Feb-2020

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:


0.05%

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

Growth: ₹ 47.6992

IDCW Weekly: ₹ 17.1321

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IDCW Quarterly: ₹ 11.9750

IDCW Monthly: ₹ 11.6704

IDCW Daily: ₹ 17.0959

IDCW: ₹ 15.1146

Bonus: ₹ 34.0553


Investment Strategy

The scheme seeks to generate income through investments predominantly in debt instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

Investment Details

Minimum Investment (₹) 1,000
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

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.53%
Benchmark: NIFTY Short Duration TRI (50), NIFTY Low Duration Debt TRI (50)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,656 Cr (As on 31-May-2021)
Expense: 0.24% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.0082

 11-Jun-20210.0078
 10-Jun-20210.0022
 09-Jun-20210.0173
 07-Jun-20210.0121
 04-Jun-20210.0064
 03-Jun-20210.0040
 31-May-20210.0043
 28-May-20210.0003
 27-May-20210.0056
 25-May-20210.0135
 24-May-20210.0065
 21-May-20210.0068
 20-May-20210.0001
 19-May-20210.0079
 18-May-20210.0091
 17-May-20210.0049
 14-May-20210.0030
 11-May-20210.0115
 10-May-20210.0111
 05-May-20210.0037
 04-May-20210.0020
 03-May-20210.0105
 30-Apr-20210.0101
 29-Apr-20210.0067
IDCW Weekly08-Jun-20210.0235

 01-Jun-20210.0086
 25-May-20210.0348
 18-May-20210.0170
 11-May-20210.0263
 04-May-20210.0336
 27-Apr-20210.0470
 20-Apr-20210.0159
 15-Apr-20210.0123
 06-Apr-20210.0509
 30-Mar-20210.0354
 23-Mar-20210.0398
 05-Jan-20210.0411
 29-Dec-20200.0233
 22-Dec-20200.0139
 15-Dec-20200.0064
 08-Dec-20200.0184
 01-Dec-20200.0200
 24-Nov-20200.0405
 17-Nov-20200.0285
 10-Nov-20200.0402
 03-Nov-20200.0419
 27-Oct-20200.0281
 20-Oct-20200.0327
 13-Oct-20200.0928
IDCW Monthly20-May-20210.0821

 20-Apr-20210.0779
 22-Mar-20210.0353
 20-Jan-20210.0172
 21-Dec-20200.0332
 20-Nov-20200.0925
 20-Oct-20200.1130
 21-Sep-20200.0650
 20-Aug-20200.0294
 20-Jul-20200.1753
 22-Jun-20200.0840
 20-May-20200.0218
 20-Apr-20200.2122
 20-Feb-20200.1087
 20-Jan-20200.0545
 20-Dec-20190.0287
 20-Nov-20190.0367
 22-Oct-20190.0397
 20-Sep-20190.0655
 20-Aug-20190.0496
 22-Jul-20190.0756
 20-Jun-20190.0166
 20-May-20190.0148
 22-Apr-20190.0478
 20-Mar-20190.0560
IDCW Quarterly22-Mar-20210.0408

 21-Dec-20200.2800
 21-Sep-20200.2780
 22-Jun-20200.3608
 20-Mar-20200.2116
 20-Dec-20190.1127
 20-Sep-20190.2154
 20-Jun-20190.0934
 20-Mar-20190.1596
 20-Dec-20180.1675
 21-Sep-20180.1285
 20-Jun-20180.0700
 20-Mar-20180.1061
 20-Dec-20170.1073
 20-Sep-20170.1496
 20-Jun-20170.1547
 20-Mar-20170.1239
 20-Dec-20160.1703
 20-Sep-20160.1931
 20-Jun-20160.1715
 21-Mar-20160.1562
 21-Dec-20150.1596
 21-Sep-20150.1463
 22-Jun-20150.1655
 20-Mar-20150.1468
IDCW28-Mar-20160.2083

 29-Dec-20150.1530
 21-Sep-20150.4581
 29-Dec-20140.1720
 22-Sep-20140.5244

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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