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4 star

Nippon India Corporate Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.06 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 4.34 -0.02 0.03 0.16 1.19 2.93 5.83 8.13 7.67 8.18 --
VR Bond 1.81 0.00 0.13 -0.15 1.35 1.67 2.76 6.69 5.84 6.85 --
Debt: Corporate Bond 3.32 0.01 0.08 0.12 1.15 2.52 4.53 8.68 7.58 8.33 --
Rank within category 1 19 15 6 8 3 1 15 9 8 --
Number of funds in category 20 21 21 21 21 21 20 17 13 12 0

As on 27-Oct-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 5.83 8.13 7.67 0.22% 3,977
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.95 9.19 8.10 0.30% 22,271
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.98 8.91 7.92 0.27% 20,980
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.91 8.46 7.98 0.32% 10,541
DSP Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.88 8.92 -- 0.25% 2,251

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 8.01 1.49 2.73 3.58 0.28 3.26
VR Bond 6.81 2.11 1.36 1.85 -- --
Debt: Corporate Bond 8.57 2.49 2.10 3.64 0.62 2.85
Rank within category 15 1 4 10 2 6
Number of funds in category 17 17 17 17 17 17

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 81 81 34 93
Modified Duration (yrs) 1.72 1.72 1.39 2.15
Average Maturity (yrs) 2.18 2.22 1.79 2.77
Yield to Maturity (%) 5.32 5.64 4.95 5.02
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
up 9.05% HDFC 20/11/2023 Debenture AAA 0.00 - 3.80 3.80
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 3.29 - 6.50 3.29
up 6.59% Summit Digitel Infrastructure 16/06/2026 Debenture AAA 0.00 - 3.01 3.01
equal 8.62% Maharashtra State 20/02/2023 State Development Loan SOV 0.00 - 6.03 2.92
equal 7.10% Bajaj Finance 2023 Debenture AAA 0.77 - 2.81 2.72
up 7.70% Larsen & Toubro 28/04/2025 Debenture AAA 0.00 - 2.68 2.68
up 7.40% Reliance Industries 25/04/2025 Non Convertible Debenture AAA 0.00 - 2.66 2.66
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 0.00 - 3.87 2.59
equal IndInfravit Trust 2038 Debenture AAA 0.00 - 3.75 2.52
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 6.04 2.51
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.91 - 4.34 2.49
equal 5.35% Telesonic Network 28/04/2023 Debenture AA+ 0.00 - 2.40 2.40
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 2.23 2.15
equal 9.53% Indian Bank Additional Tier 2 Bond AAA 0.00 - 2.42 1.98
equal 8.55% L&T Infrastructre Finance 29/11/2022 Non Convertible Debenture AAA 0.00 - 3.10 1.96
equal 9.50% Piramal Capital & Housing Finance 15/04/2022 Debenture AA 0.00 - 3.04 1.94
equal 5.40% Nabha Power 15/05/2023 Debenture AAA 0.00 - 2.98 1.90
equal 5.14% National Bank Agr. Rur. Devp 21-D 31/01/2024 Debenture AAA 0.00 - 1.82 1.76
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 2.40 1.62
equal 6.70% Indian Railway Finance Corporation 24/11/2021 Bonds/NCDs AAA 1.52 - 6.22 1.52
equal Shriram City Union Finance 22/11/2023 Securitised Debt AAA 0.00 - 2.82 1.36
equal 8.21% Haryana State 31/03/2025 State Development Loan SOV 0.00 - 1.67 1.36
up 8.90% State Bank of India Additional Tier 2 Bond AAA 0.00 - 1.39 1.34
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 0.00 - 3.21 1.33
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.00 - 1.37 1.32

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

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:


-0.02%

Change from previous, NAV as on 27-Oct-2021

Growth: ₹ 48.5821

IDCW Weekly: ₹ 17.0924

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IDCW Quarterly: ₹ 11.7786

IDCW Monthly: ₹ 11.6182

IDCW Daily: ₹ 17.0790

IDCW: ₹ 15.3944

Bonus: ₹ 34.6856


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: 8.38%
Benchmark: NIFTY Short Duration Index (50), NIFTY Low Duration Debt Index (50)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,977 Cr (As on 30-Sep-2021)
Expense: 0.22% (As on 30-Sep-2021)
Risk Grade: Low
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly26-Oct-20210.0094

 20-Oct-20210.0099
 12-Oct-20210.0054
 28-Sep-20210.0060
 21-Sep-20210.0152
 14-Sep-20210.0152
 07-Sep-20210.0257
 31-Aug-20210.0239
 24-Aug-20210.0253
 17-Aug-20210.0383
 10-Aug-20210.0134
 03-Aug-20210.0181
 27-Jul-20210.0289
 20-Jul-20210.0500
 13-Jul-20210.0388
 15-Jun-20210.0300
 08-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
IDCW Daily25-Oct-20210.0076

 22-Oct-20210.0039
 21-Oct-20210.0065
 18-Oct-20210.0061
 14-Oct-20210.0040
 13-Oct-20210.0047
 12-Oct-20210.0028
 23-Sep-20210.0072
 22-Sep-20210.0013
 21-Sep-20210.0002
 20-Sep-20210.0087
 17-Sep-20210.0017
 16-Sep-20210.0024
 15-Sep-20210.0022
 14-Sep-20210.0024
 13-Sep-20210.0072
 09-Sep-20210.0033
 08-Sep-20210.0023
 07-Sep-20210.0002
 06-Sep-20210.0076
 03-Sep-20210.0029
 02-Sep-20210.0087
 01-Sep-20210.0063
 31-Aug-20210.0062
 30-Aug-20210.0126
IDCW Monthly20-Oct-20210.0144

 20-Sep-20210.0550
 20-Aug-20210.0775
 20-Jul-20210.0684
 21-Jun-20210.0505
 20-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
IDCW Quarterly20-Sep-20210.1896

 21-Jun-20210.2238
 22-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
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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