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Nippon India Prime Debt Fund - Direct Plan

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Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.60 0.59 1.23 8.18 7.43 8.21 --
VR Bond 6.71 -0.12 0.36 7.30 5.80 6.98 --
Debt: Corporate Bond 5.47 0.27 1.65 6.21 5.53 7.05 --
Rank within category 14 2 18 14 7 7 --
Number of funds in category 19 21 21 19 15 14 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 1.93 (30-Aug-2013 - 01-Oct-2013) -0.72 (15-Jul-2013 - 14-Aug-2013)
Quarter 3.71 (29-Aug-2013 - 28-Nov-2013) -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 7.14 1.24 1.10 1.46 0.28 1.40
VR Bond 5.65 2.30 -0.06 -0.09 -- --
Debt: Corporate Bond 5.48 4.11 0.53 0.94 0.48 -0.23
Rank within category 6 2 3 5 4 7
Number of funds in category 15 15 15 15 15 15

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 30 50 24 63
Modified Duration (yrs) 1.36 1.64 0.91 2.34
Average Maturity (yrs) 1.63 1.95 1.05 3.14
Yield to Maturity (%) 9.63 9.99 8.97 7.07

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.85% Adani Transmission 2020 Debenture AA+ 0.00 - 10.29 8.48
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 7.25 7.25
equal Shriram Transport Finance 22/06/2022 Debenture AAA 6.50 - 11.40 6.85
new Piramal Enterprises 56-D 20/12/2019 Commercial Paper A1+ 0.00 - 6.80 6.80
equal 9.08% Indiabulls Housing Finance 31/12/2021 Non Convertible Debenture AA+ 0.00 - 6.59 6.27
equal Indian Receivable Trust 25/08/2023 Zero Coupon Bonds A 0.00 - 6.93 5.98
down 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 9.72 5.53
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 5.46 5.46
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 5.42 5.42
new 8.90% Reliance Jio Infocomm 21/01/2020 Debenture AAA 0.00 - 4.22 4.22
equal 8.33% Panchshil Corporate Park 2022 Debenture AAA 0.00 - 8.99 4.22
equal 8.28% Oriental Nagpur Betul Highway 30/03/2020 Debenture AAA 1.06 - 3.84 3.84
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.00 - 2.83 2.83
equal 9.26% Power Finance Corp. 85-D 15/04/2023 Bonds AAA 0.00 - 2.80 2.80
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 2.70 2.70
down 8.85% India Grid Trust 2022 Non Convertible Debenture AAA 0.00 - 5.30 2.67
equal 7.60% LIC Housing Fin. 22/11/2022 Debenture AAA 0.00 - 2.65 2.65
equal 7.14% REC 2021 Bonds AAA 0.00 - 2.65 2.65
new 8.50% National Bank Agr. Rur. Devp 31/01/2022 Non Convertible Debenture AAA 0.00 - 3.85 2.64
new 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 2.63 2.63
equal 8.97% Uttar Pradesh Power Corporation 15/02/2022 Bonds AA 0.00 - 1.06 1.06
equal 7.27% Power Finance Corp. 22/12/2021 Debenture AAA 0.00 - 0.53 0.53
equal 7.33% Jamnagar Utilities and Power 28/02/2020 Non Convertible Debenture AAA 0.38 - 2.23 0.53
equal 7.60% Jamnagar Utilities and Power 27/05/2022 Bonds AAA 0.00 - 0.52 0.52
equal 7.67% Jamnagar Utilities and Power 28/02/2023 Bonds AAA 0.00 - 0.52 0.52

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-Nov-2019

Fund Manager

— Amit Tripathi since 01-Jan-2013

Education: Mr. Tripathi is a B.Com (H) and PGDM.

Experience: Prior to joining Reliance Mutual Fund he has worked with New India Assurance Co. Ltd, Sun Invest Associates Ltd and CFS Financial Services Pvt. Ltd.

Interviews:

Funds Managed:

— Anju Chhajer since 01-Jan-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:

Invest Online
-0.03%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 42.1067

Dividend Weekly: ₹ 17.0897

More

Dividend Quarterly: ₹ 11.9095

Dividend Monthly: ₹ 11.5294

Dividend Daily: ₹ 17.0823

Dividend: ₹ 13.3424

Bonus: ₹ 30.0622

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
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Benchmark: NIFTY Short Duration TRI (50), NIFTY Low Duration Debt TRI (50)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 951 Cr (As on 30-Nov-2019)
Expense: 0.31% (As on 30-Nov-2019)
Risk Grade: Below Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend28-Mar-20160.2083

 29-Dec-20150.1530
 21-Sep-20150.4581
 29-Dec-20140.1720
 22-Sep-20140.5244
Dividend Daily04-Dec-20190.0053

 03-Dec-20190.0017
 02-Dec-20190.0089
 29-Nov-20190.0038
 28-Nov-20190.0056
 27-Nov-20190.0037
 26-Nov-20190.0020
 25-Nov-20190.0107
 22-Nov-20190.0015
 21-Nov-20190.0019
 20-Nov-20190.0009
 19-Nov-20190.0045
 05-Nov-20190.0034
 04-Nov-20190.0088
 01-Nov-20190.0080
 31-Oct-20190.0187
 30-Oct-20190.0104
 29-Oct-20190.0122
 25-Oct-20190.0027
 24-Oct-20190.0026
 16-Oct-20190.0026
 15-Oct-20190.0069
 14-Oct-20190.0128
 11-Oct-20190.0048
 10-Oct-20190.0076
Dividend Monthly20-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
 20-Feb-20190.0402
 21-Jan-20190.0730
 20-Dec-20180.0531
 20-Nov-20180.0379
 22-Oct-20180.0488
 21-Sep-20180.0120
 20-Aug-20180.0419
 20-Jul-20180.0520
 20-Jun-20180.0455
 20-Apr-20180.0587
 20-Mar-20180.0606
 20-Feb-20180.0319
 22-Jan-20180.0308
 20-Dec-20170.0133
 20-Nov-20170.0255
 23-Oct-20170.0429
Dividend Quarterly20-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
 22-Dec-20140.1772
 22-Sep-20140.1825
 20-Jun-20140.1965
 20-Mar-20140.1734
 20-Dec-20130.1951
 20-Sep-20130.0663
Dividend Weekly03-Dec-20190.0237

 26-Nov-20190.0170
 19-Nov-20190.0045
 05-Nov-20190.0493
 29-Oct-20190.0202
 15-Oct-20190.0331
 09-Oct-20190.0083
 17-Sep-20190.0055
 11-Sep-20190.0216
 03-Sep-20190.0297
 27-Aug-20190.0320
 20-Aug-20190.0166
 13-Aug-20190.0328
 06-Aug-20190.0276
 30-Jul-20190.0267
 23-Jul-20190.0234
 16-Jul-20190.0414
 09-Jul-20190.0236
 28-May-20190.0465
 21-May-20190.0336
 14-May-20190.0169
 07-May-20190.0064
 30-Apr-20190.0037
 23-Apr-20190.0097
 16-Apr-20190.0287

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

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time12:30 PM - 01:00 PM

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