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3 star

Nippon India Prime Debt Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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 6.96 0.07 0.11 0.72 2.41 6.08 9.07 7.96 8.35 8.70 --
VR Bond 5.52 0.01 -0.03 0.08 0.84 3.51 6.93 6.71 7.16 7.73 --
Debt: Corporate Bond 7.58 0.06 0.14 0.48 1.64 7.41 10.20 7.74 8.25 9.02 --
Rank within category 17 7 14 2 2 17 18 11 10 7 --
Number of funds in category 20 20 20 20 20 20 20 15 13 10 0

As on 21-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Prime Debt Fund - Direct Plan  | Invest Online
3 star
Jan-13 9.07 7.96 8.35 0.34 441
HDFC Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.23 8.87 9.11 0.30 21,052
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.30 8.94 9.05 0.30 20,205
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 10.76 8.65 8.86 0.28 16,162
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 9.73 8.80 8.88 0.32 6,586

Best & Worst Performance

Best (Period) Worst (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 7.67 1.45 1.75 2.49 0.29 2.16
VR Bond 6.44 2.10 0.62 1.17 -- --
Debt: Corporate Bond 7.45 2.89 1.18 2.31 0.60 1.54
Rank within category 11 2 3 7 3 6
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 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 31 13 80
Modified Duration (yrs) 2.02 2.02 1.27 2.71
Average Maturity (yrs) 2.72 2.72 1.47 3.38
Yield to Maturity (%) 8.09 9.63 8.09 5.50

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Indiabulls Housing Finance 2020 Securitised Debt AA 0.00 - 12.55 12.37
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 11.46 11.46
equal Shriram City Union Finance 21/09/2021 Debenture AA+ 0.00 - 11.30 11.30
equal Indian Receivable Trust 25/08/2023 Zero Coupon Bonds A 4.74 - 8.78 8.60
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 6.07 - 8.90 7.86
equal 8.83% REC 21/01/2022 Non Convertible Debenture AAA 0.00 - 5.96 5.96
new 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 5.89 5.89
new 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 5.87 5.87
equal 8.25% India Infradebt 20/06/2025 Non Convertible Debenture AAA 0.00 - 6.71 5.83
equal 8.95% Reliance Jio Infocomm 15/09/2020 Debenture AAA 0.00 - 5.69 5.67
equal 5.85% Bharat Oman Refineries 13/07/2023 Non Convertible Debenture AA+ 0.00 - 5.65 5.65
new 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 4.97 4.97
equal 8.50% Swarna Tollway 31/03/2026 Non Convertible Debenture AAA 0.00 - 3.43 3.39
new 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 2.38 2.38
new 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 2.27 2.27
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 2.05 2.04

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-Feb-2020

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 21-Sep-2020

Growth: ₹ 45.2944

Dividend Weekly: ₹ 17.1170

More

Dividend Quarterly: ₹ 11.9614

Dividend Monthly: ₹ 11.5856

Dividend Daily: ₹ 17.0951

Dividend: ₹ 14.3526

Bonus: ₹ 32.3383


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
Return Since Launch: 8.64%
Benchmark: NIFTY Short Duration TRI (50), NIFTY Low Duration Debt TRI (50)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 441 Cr (As on 31-Aug-2020)
Expense: 0.34% (As on 31-Aug-2020)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly08-Sep-20200.0106

 01-Sep-20200.0701
 18-Aug-20200.0111
 11-Aug-20200.0002
 04-Aug-20200.0327
 21-Jul-20200.0445
 14-Jul-20200.0684
 07-Jul-20200.0940
 30-Jun-20200.0718
 23-Jun-20200.0267
 16-Jun-20200.0628
 09-Jun-20200.0191
 02-Jun-20200.0282
 26-May-20200.0198
 19-May-20200.0710
 21-Apr-20200.0776
 31-Mar-20200.0417
 11-Mar-20200.0071
 03-Mar-20200.0136
 25-Feb-20200.0130
 18-Feb-20200.0178
 11-Feb-20200.0586
 04-Feb-20200.0472
 28-Jan-20200.0350
 21-Jan-20200.0223
Dividend Daily04-Sep-20200.0108

 03-Sep-20200.0150
 02-Sep-20200.0067
 01-Sep-20200.0294
 31-Aug-20200.0296
 17-Aug-20200.0077
 13-Aug-20200.0114
 05-Aug-20200.0032
 04-Aug-20200.0104
 03-Aug-20200.0102
 31-Jul-20200.0030
 23-Jul-20200.0075
 20-Jul-20200.0073
 17-Jul-20200.0137
 15-Jul-20200.0233
 13-Jul-20200.0160
 10-Jul-20200.0219
 09-Jul-20200.0098
 08-Jul-20200.0224
 07-Jul-20200.0081
 06-Jul-20200.0273
 03-Jul-20200.0181
 02-Jul-20200.0185
 01-Jul-20200.0218
 30-Jun-20200.0102
Dividend Monthly20-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
 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
Dividend Quarterly22-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
 22-Dec-20140.1772
 22-Sep-20140.1825
 20-Jun-20140.1965
Dividend28-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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