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4 star

Nippon India Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

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 2.41 -0.01 0.11 0.53 1.79 2.61 6.85 7.46 7.44 7.87 --
CCIL T Bill Liquidity Weight 0.86 0.00 0.06 0.17 0.51 0.97 2.13 3.57 3.79 4.22 --
Debt: Low Duration 1.88 -0.02 0.08 0.40 1.41 2.08 8.31 5.43 6.22 6.88 --
Rank within category 2 6 2 3 1 2 7 8 8 7 --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 15-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.85 7.46 7.44 0.35 9,137
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 6.57 7.88 7.77 0.42 30,234
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.09 7.93 7.80 0.44 24,543
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.51 8.20 8.03 0.40 16,526
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 6.47 8.18 8.25 0.39 12,765

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.69 24-Mar-2020 - 31-Mar-2020 -1.91 03-Jun-2019 - 10-Jun-2019
Month 2.17 24-Mar-2020 - 23-Apr-2020 -1.37 31-May-2019 - 01-Jul-2019
Quarter 3.72 24-Mar-2020 - 24-Jun-2020 -0.12 02-Apr-2019 - 02-Jul-2019
Year 10.55 26-Jul-2013 - 28-Jul-2014 5.44 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.28 1.59 1.87 1.58 0.52 3.38
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Low Duration 5.54 4.24 1.71 3.08 -0.53 0.84
Rank within category 8 14 13 14 10 13
Number of funds in category 24 24 24 24 24 24

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 84 85 42 61
Modified Duration (yrs) 0.85 0.92 0.73 --
Average Maturity (yrs) 1.02 1.14 0.85 --
Yield to Maturity (%) 4.72 8.09 4.29 --
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 8.64% Madhya Pradesh State 20/02/2023 State Development Loan SOV 0.00 - 4.21 4.09
down 8.79% GOI 2021 Central Government Loan SOV 0.00 - 6.30 3.86
new Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 3.50 3.50
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 4.33 3.31
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 4.23 3.25
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 2.98 - 8.72 3.06
down 8.35% GOI 2022 GOI Securities SOV 0.00 - 6.33 2.91
equal 8.07% Bajaj Housing Finance 2022 Non Convertible Debenture AAA 0.00 - 3.69 2.83
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.55 - 6.97 2.81
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 2.63 2.63
new IndInfravit Trust 2038 Debenture AAA 0.00 - 2.62 2.62
equal 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 3.83 2.24
equal Axis Bank 23/08/2021 Certificate of Deposit A1+ 0.00 - 2.23 2.17
equal Reserve Bank of India 182-D 14/10/2021 Treasury Bills SOV 0.00 - 2.22 2.16
new Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 2.15 2.15
new Piramal Enterprises 90-D 23/08/2021 Commercial Paper A1+ 0.00 - 2.15 2.15
down India Grid Trust 14/02/2029 Non Convertible Debenture AAA 1.94 - 4.40 1.94
equal National Bank Agr. Rur. Devp 199-D 02/08/2021 Commercial Paper A1+ 0.00 - 2.14 1.85
down 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 5.34 1.82
equal 9.50% Piramal Capital & Housing Finance 15/04/2022 Debenture AA 0.00 - 1.71 1.66
equal Citicorp Finance 21/09/2022 Non Convertible Debenture AAA 0.00 - 2.13 1.64
equal Reliance Industries 153-D 09/09/2021 Commercial Paper A1+ 0.00 - 1.67 1.63
equal 6.70% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 0.00 - 2.01 1.55
equal Hindustan Zinc 365-D 10/08/2021 Commercial Paper A1+ 0.00 - 2.28 1.36
equal Tata Capital Financial Services 2022 Debenture AAA 0.00 - 1.73 1.35

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

— Anju Chhajer since 01-Jan-2013

Education: Ms. Chhajer is a B.Com (H) and a Chartered Accountant.

Experience: Prior to joining Nippon India 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:

— 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:


-0.01%

Change from previous, NAV as on 15-Jun-2021

Growth: ₹ 3,059.1938

IDCW Weekly: ₹ 1,011.0795

More

IDCW Quarterly: ₹ 1,030.4958

IDCW Monthly: ₹ 1,030.6509

IDCW Daily: ₹ 1,011.1756

IDCW: ₹ 1,667.5291

Bonus: ₹ 1,777.0755


Investment Strategy

The scheme aims to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.20%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 9,137 Cr (As on 31-May-2021)
Expense: 0.35% (As on 30-Apr-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.4675

 11-Jun-20210.1210
 09-Jun-20210.1651
 08-Jun-20210.2564
 07-Jun-20210.4832
 04-Jun-20210.1615
 03-Jun-20210.1711
 02-Jun-20210.1673
 01-Jun-20210.1685
 31-May-20210.4765
 28-May-20210.1776
 27-May-20210.3300
 25-May-20210.1640
 24-May-20210.4906
 21-May-20210.2158
 20-May-20210.1652
 19-May-20210.1630
 18-May-20210.1704
 17-May-20210.4984
 14-May-20210.3294
 12-May-20210.0428
 11-May-20210.1589
 10-May-20210.5108
 07-May-20210.1718
 06-May-20210.1703
IDCW Weekly08-Jun-20211.2398

 01-Jun-20211.1529
 25-May-20211.1987
 18-May-20211.0410
 11-May-20211.1234
 04-May-20211.2006
 27-Apr-20211.1669
 20-Apr-20210.8310
 15-Apr-20211.5052
 06-Apr-20211.1359
 30-Mar-20211.1197
 23-Mar-20212.0785
 09-Mar-20210.9903
 02-Mar-20211.1014
 23-Feb-20210.6396
 16-Feb-20211.4126
 09-Feb-20210.5144
 02-Feb-20210.7921
 27-Jan-20211.1906
 19-Jan-20211.0678
 12-Jan-20210.8890
 05-Jan-20210.6838
 29-Dec-20200.9546
 22-Dec-20200.9458
 15-Dec-20201.1166
IDCW Monthly19-May-20215.0031

 19-Apr-20216.3574
 19-Mar-20213.4216
 22-Feb-20211.7349
 19-Jan-20212.2251
 21-Dec-20203.1849
 19-Nov-20205.2886
 19-Oct-20206.0167
 21-Sep-20203.2061
 19-Aug-20203.7308
 20-Jul-20209.7831
 19-Jun-20208.8088
 20-Apr-202013.9892
 20-Feb-20205.9214
 20-Jan-20204.2722
 19-Dec-20192.4114
 19-Nov-20194.2281
 22-Oct-20195.7458
 19-Sep-20195.8505
 19-Aug-20194.3711
 20-May-20193.8661
 22-Apr-20196.5099
 19-Mar-20196.3177
 20-Feb-20195.0123
 21-Jan-20196.6981
IDCW Quarterly19-Mar-20218.5970

 21-Dec-202014.5588
 21-Sep-202020.5948
 19-Jun-202027.8832
 19-Mar-20206.5211
 19-Dec-201916.1944
 19-Sep-201919.2616
 19-Jun-20193.7097
 19-Mar-201915.9665
 19-Dec-201815.8055
 19-Sep-201813.5374
 19-Jun-20189.9670
 19-Mar-201811.3261
 19-Dec-201710.9724
 19-Sep-201713.8564
 19-Jun-201714.4067
 20-Mar-201712.8260
 19-Dec-201615.4058
 19-Sep-201614.9336
 20-Jun-201615.9421
 21-Mar-201613.6707
 21-Dec-201515.2992
 21-Sep-201515.2851
 19-Jun-201517.7314
 19-Mar-201515.4094
IDCW19-Sep-201461.1289

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

Upcoming Video

Investors' Hangout

Your investment strategy after the debt fund fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM