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3 star

Nippon India Credit Risk Fund - Direct Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 Lakh

Suitability:

"Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."

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 13.79 0.01 0.10 0.57 1.56 10.04 14.61 3.73 4.98 6.59 --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 --
Debt: Credit Risk 9.33 0.01 0.10 0.47 3.53 5.76 9.98 3.42 4.31 7.13 --
Rank within category 4 10 7 5 6 4 4 11 10 8 --
Number of funds in category 16 16 16 16 16 16 16 16 15 12 0

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Credit Risk Fund - Direct Plan
3 star
Jan-13 14.61 3.73 4.98 1.02% 1,012
HDFC Credit Risk Debt Fund - Direct Plan  | Invest Online
5 star
Mar-14 8.04 9.56 8.15 0.97% 8,757
ICICI Prudential Credit Risk Fund - Direct Plan  | Invest Now
5 star
Jan-13 7.38 9.40 8.55 0.87% 8,304
SBI Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.98 7.92 7.47 0.92% 3,341
Axis Credit Risk Fund - Direct Plan
4 star
Jul-14 7.33 7.55 7.27 0.81% 741

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 6.23 06-Jul-2021 - 13-Jul-2021 -11.94 04-Mar-2020 - 11-Mar-2020
Month 6.91 06-Jul-2021 - 05-Aug-2021 -13.17 25-Feb-2020 - 26-Mar-2020
Quarter 8.41 30-Jun-2021 - 29-Sep-2021 -12.71 26-Dec-2019 - 26-Mar-2020
Year 16.70 28-Aug-2020 - 30-Aug-2021 -12.49 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.01 8.15 0.03 0.02 -6.51 -3.75
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Credit Risk 3.80 7.16 0.80 0.92 -5.08 -3.09
Rank within category 11 13 11 11 4 13
Number of funds in category 16 16 16 16 16 16

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 33 37 13 29
Modified Duration (yrs) 2.10 2.37 1.00 --
Average Maturity (yrs) 2.57 2.94 1.47 --
Yield to Maturity (%) 7.23 11.79 6.46 --
Avg Credit Rating AA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.60% Renew Wind Energy Delhi 31/03/2023 Debenture A+ 4.70 - 8.90 5.40
new 8.15% GOI 2022 Central Government Loan SOV 0.00 - 5.06 5.06
equal 6.50% Tata Realty and Infrastructure 17/07/2024 Non Convertible Debenture AA 0.00 - 5.14 4.99
equal 9.81% L&T Metro Rail (Hyderabad) 18/06/2035 Debenture AAA 0.00 - 4.46 4.33
equal Indiabulls Housing Finance 22/11/2039 Securitised Debt AA 4.18 - 6.67 4.18
equal Bharti Hexacom 19/01/2024 Non Convertible Debenture AA+ 0.00 - 3.97 3.96
up 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 9.63 3.93
up 6.75% Piramal Capital & Housing Finance 26/09/2031 Debenture AA 0.00 - 3.85 3.85
equal 2.00% Tata Steel 23/04/2022 Debenture AA+ 0.00 - 3.60 3.60
equal 10.15% Uttar Pradesh Power Corporation 20/01/2025 Debenture A+ 0.00 - 3.65 3.57
equal 8.50% JSW Steel 2027 Debenture AA 0.00 - 3.62 3.55
new 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 3.49 3.49
equal 11.50% Hero Solar Energy 31/03/2024 Non Convertible Debenture A+ 0.00 - 3.45 3.45
equal 6.80% Embassy Office Parks REIT 2026 Non Convertible Debenture AAA 0.00 - 3.46 3.43
equal 6.59% Summit Digitel Infrastructure 16/06/2026 Debenture AAA 0.00 - 3.53 3.41
equal 10.50% Asirvad Microfinance 25/05/2023 Non Convertible Debenture AA- 0.00 - 2.96 2.58
equal 7.99% State Bank of India Additional Tier 2 Bond AAA 0.00 - 2.69 2.58
new 11.50% Indiabulls Infraestates 2023 Non Convertible Debenture A+ 0.00 - 2.56 2.56
equal 6.92% Godrej Industries 14/05/2025 Debenture AA 0.00 - 2.57 2.52
equal 7.50% Vedanta 17/03/2022 Debenture AA- 0.00 - 2.54 2.48
equal 10.50% Veritas Finance Private 2024 Non Convertible Debenture A- 0.00 - 2.53 2.47
equal First Business Receivable Trust 2026 Securitised Debt AAA 0.00 - 1.63 1.59
equal 7.75% TMF Holdings Debenture AA- 0.00 - 1.49 1.48
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 0.00 - 4.74 1.45
equal 9.90% Vivriti Capital 25/03/2024 Non Convertible Debenture AA+ 0.00 - 1.92 1.22

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-Oct-2021

Fund Manager

— Sushil Budhia since 01-Feb-2020

Education: Mr. Budhia has done CA

Experience: Prior to joining Nippon India Mutual Fund, he has worked with YES Bank as Senior President, Axis Bank and UTI Mutual Fund.

Funds Managed:


0.01%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 29.3656

IDCW Quarterly: ₹ 13.3142

IDCW: ₹ 15.8993


Investment Strategy

The scheme aims to generate optimal returns consistent with moderate levels of risk. It will invest atleast 65 per cent of its assets in debt instruments with maturity of more than 1 year and the rest in money market instruments (including cash or call money and reverse repo) and debentures with maturity of less than 1 year. The exposure in government securities will generally not exceed 50 percent of the assets.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.42%
Benchmark: NIFTY Credit Risk Bond Index
Riskometer: High
Type: Open-ended
Assets: ₹ 1,012 Cr (As on 31-Oct-2021)
Expense: 1.02% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly21-Sep-20210.2990

 23-Dec-20190.1714
 23-Sep-20190.1714
 21-Jun-20190.1714
 22-Mar-20190.1714
 21-Dec-20180.1714
 21-Sep-20180.1714
 21-Jun-20180.1714
 21-Mar-20180.1719
 21-Dec-20170.1719
 21-Sep-20170.2160
 21-Jun-20170.2160
 21-Mar-20170.1719
 21-Dec-20160.2160
 21-Sep-20160.2160
 21-Jun-20160.2160
 21-Mar-20160.1719
 21-Dec-20150.2029
 21-Sep-20150.1719
 22-Jun-20150.1719
 23-Mar-20150.2085
 22-Dec-20140.2170
 22-Sep-20140.2330
 23-Jun-20140.2330
 21-Mar-20140.1777

Contact Information

AMC: Nippon Life India Asset Management Ltd.

Address: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai - 400013

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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