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4 star

Nippon India Short Term Fund - Direct Plan


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one 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. There have been instances when short duration funds have incurred losses.

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 2.71 0.06 0.26 0.78 2.70 3.02 8.35 9.28 8.37 8.72 --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 --
Debt: Short Duration 1.85 0.02 0.21 0.61 2.18 2.12 7.57 7.38 7.32 7.93 --
Rank within category 1 1 2 1 1 1 6 7 7 6 --
Number of funds in category 26 27 27 27 27 26 26 25 23 23 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 Short Term Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.35 9.28 8.37 0.34 9,012
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 8.43 9.64 8.98 0.39 20,015
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.38 9.33 8.47 0.24 18,117
Kotak Bond - Short Term Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.22 9.33 8.55 0.34 17,363
IDFC Bond Fund Short Term Plan - Direct Plan
4 star
Jan-13 6.63 9.12 8.17 0.29 13,776

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.87 24-Mar-2020 - 31-Mar-2020 -1.85 10-Jul-2013 - 17-Jul-2013
Month 2.92 24-Mar-2020 - 23-Apr-2020 -2.06 17-Jun-2013 - 17-Jul-2013
Quarter 5.14 26-Mar-2020 - 25-Jun-2020 -2.60 20-May-2013 - 19-Aug-2013
Year 12.82 31-Jan-2014 - 02-Feb-2015 3.70 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.83 1.65 2.74 4.94 1.21 5.47
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Short Duration 7.15 3.40 1.61 2.65 0.75 3.43
Rank within category 7 4 2 3 12 11
Number of funds in category 25 25 25 25 25 25

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 117 123 99 64
Modified Duration (yrs) 1.96 2.14 1.73 --
Average Maturity (yrs) 2.53 2.87 2.34 --
Yield to Maturity (%) 5.37 6.56 5.09 --
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 8.50% National Bank Agr. Rur. Devp Debenture AAA 2.38 - 4.19 3.88
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 3.27 - 4.03 3.55
equal 7.40% Muthoot Finance 2024 Debenture AA+ 0.00 - 3.31 3.09
equal HDFC 19/05/2022 Non Convertible Debenture AAA 2.73 - 3.61 2.73
equal ICICI Prudential Life Insurance Co. Ltd. Debenture AAA 0.00 - 2.89 2.58
equal 8.25% India Infradebt 20/06/2025 Non Convertible Debenture AAA 2.53 - 3.66 2.57
equal India Grid Trust 14/02/2029 Non Convertible Debenture AAA 2.34 - 3.13 2.36
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 1.05 - 2.49 2.18
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 2.14 2.14
equal India Infradebt 19/11/2025 Non Convertible Debenture AAA 0.65 - 2.52 2.11
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 2.68 1.98
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 4.38 1.95
equal 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 2.64 1.87
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 2.09 1.84
new 8.24% Tamilnadu State 2025 State Development Loan SOV 0.00 - 1.82 1.82
equal First Business Receivable Trust Securitised Debt AAA 0.22 - 0.34 1.78
equal 7.27% GOI 2026 GOI Securities SOV 1.77 - 11.84 1.77
equal 7.98% ONGC Petro Additions 25/10/2023 Non Convertible Debenture AA 0.00 - 1.94 1.71
new 8.15% REC 18/06/2021 Bonds/Debentures AAA 0.00 - 1.67 1.67
equal 5.85% Bharat Oman Refineries 13/07/2023 Non Convertible Debenture AA+ 0.00 - 1.96 1.67
new Reliance Industries Corporate Bond Repo -- 0.00 - 1.65 1.65
equal 8.07% Bajaj Housing Finance 2022 Non Convertible Debenture AAA 0.00 - 1.77 1.55
new 6.92% Godrej Industries 14/05/2025 Debenture AA 0.00 - 1.50 1.50
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.98 1.49
equal National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 1.50 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

— Sushil Budhia since 31-Mar-2021

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:

— 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:


0.06%

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

Growth: ₹ 43.8905

IDCW Quarterly: ₹ 15.2015

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IDCW Monthly: ₹ 11.6470

IDCW: ₹ 17.8374


Investment Strategy

The scheme seeks to generate stable returns for investors with a short term investment horizon by investing in debt and money market instruments.

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 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.85%
Benchmark: CRISIL Short-Term Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 9,012 Cr (As on 31-May-2021)
Expense: 0.34% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly25-May-20210.0867

 26-Apr-20210.0982
 25-Mar-20210.0627
 28-Dec-20200.0258
 25-Nov-20200.0906
 26-Oct-20200.1339
 25-Sep-20200.0726
 25-Aug-20200.0148
 27-Jul-20200.1241
 25-Jun-20200.1117
 26-May-20200.1689
 27-Apr-20200.1097
 25-Feb-20200.0846
 27-Jan-20200.0486
 26-Dec-20190.0217
 25-Nov-20190.0591
 25-Oct-20190.0848
 25-Sep-20190.0187
 26-Aug-20190.0878
 25-Jul-20190.0936
 25-Jun-20190.0400
 27-May-20190.0750
 25-Apr-20190.0388
 25-Mar-20190.0746
 25-Feb-20190.0372
IDCW Quarterly19-Mar-20210.0326

 21-Dec-20200.3554
 21-Sep-20200.2704
 19-Jun-20200.5202
 19-Mar-20200.2502
 19-Dec-20190.2434
 19-Sep-20190.2777
 19-Jun-20190.2450
 19-Mar-20190.1763
 19-Dec-20180.2136
 19-Sep-20180.1402
 19-Mar-20180.0638
 19-Dec-20170.0917
 19-Sep-20170.1978
 19-Jun-20170.2266
 20-Mar-20170.0968
 19-Dec-20160.2636
 19-Sep-20160.3047
 20-Jun-20160.2159
 21-Mar-20160.1562
 21-Dec-20150.2029
 21-Sep-20150.1738
 19-Jun-20150.1528
 19-Mar-20150.2317
 19-Dec-20140.3397
IDCW19-Sep-20140.6228

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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