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3 star

Nippon India Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 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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(₹)
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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 4.78 0.06 0.29 1.41 2.71 4.51 9.39 7.65 7.94 8.41 --
CCIL T Bill Liquidity Weight 2.04 0.01 0.05 0.23 0.93 1.94 3.95 4.14 4.33 4.70 --
Debt: Low Duration 3.46 0.04 1.39 2.33 2.92 3.25 6.66 5.48 6.52 7.19 --
Rank within category 14 12 16 11 20 14 6 13 12 8 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 08-Jul-2020

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
3 star
Jan-13 9.39 7.65 7.94 0.34 2,452
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 9.31 8.19 8.39 0.41 18,250
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 9.06 8.04 8.05 0.39 8,727
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.79 8.58 8.67 0.41 8,048
Axis Treasury Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.26 8.41 8.39 0.28 4,777

Best & Worst Performance

Best (Period) Worst (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 7.35 1.60 1.28 1.11 0.35 2.48
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 5.03 3.72 1.27 2.47 0.20 -0.03
Rank within category 13 14 13 14 9 14
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 39 57 39 47
Modified Duration (yrs) 0.87 0.94 0.65 --
Average Maturity (yrs) 1.13 1.81 0.73 --
Yield to Maturity (%) 8.09 9.44 7.20 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 5.23 - 11.42 11.00
down Piramal Enterprises 90-D 18/06/2020 Commercial Paper A1+ 0.00 - 10.29 9.75
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 8.23 8.23
equal 8.33% Panchshil Corporate Park 2022 Debenture AAA 3.92 - 7.87 7.87
up 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 5.05 5.05
equal India Grid Trust 14/02/2029 Non Convertible Debenture AAA 3.83 - 6.97 4.16
equal 8.30% L&T Housing Finance 29/11/2021 Non Convertible Debenture AAA 0.00 - 4.12 4.12
equal Shriram City Union Finance 21/09/2021 Debenture AA+ 3.04 - 4.37 4.05
up 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 3.38 3.38
new Clix Capital Services 17/12/2021 Non Convertible Debenture AA- 0.00 - 3.07 3.07
new 6.60% REC 21/03/2022 Debenture AAA 0.00 - 3.07 3.07
equal Magma Fincorp 28/06/2023 Zero Coupon Bonds AAA 1.85 - 3.28 2.99
equal Reliance Industries 362-D 25/01/2021 Commercial Paper A1+ 0.00 - 4.62 2.97
down Indiabulls Housing Finance 2020 Securitised Debt AA 0.00 - 5.32 2.85
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 2.52 2.52
equal First Business Receivable Trust Securitised Debt AAA 0.40 - 0.77 2.28
equal 7.70% Orix Leasing & Financial Services 21/09/2020 Non Convertible Debenture AAA 0.00 - 2.04 2.04
new 9.25% Muthoot Fincorp 21/05/2023 Non Convertible Debenture AA+ 0.00 - 2.02 2.02
new Reliance Industries 179-D 28/08/2020 Commercial Paper A1+ 0.00 - 2.02 2.02
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 1.97 1.97
new Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 1.96 1.96
equal KKR India Financial Services 14/03/2021 Debenture AA 0.00 - 1.58 1.58
down Indian Receivable Trust 25/09/2026 Securitised Debt A 0.00 - 3.02 1.25
equal Indian Receivable Trust 26/08/2020 Zero Coupon Bonds A 1.02 - 7.18 1.02
new Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 1.01 1.01

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-2020

Fund Manager

— 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:

— 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:


0.06%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 2,897.1611

Dividend Weekly: ₹ 1,009.6723

More

Dividend Quarterly: ₹ 1,018.6051

Dividend Monthly: ₹ 1,024.7809

Dividend Daily: ₹ 1,009.5886

Dividend: ₹ 1,579.2013

Bonus: ₹ 1,682.9516


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 (₹) --
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.48%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,452 Cr (As on 31-May-2020)
Expense: 0.34% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily07-Jul-20200.3736

 06-Jul-20200.5788
 03-Jul-20200.1954
 02-Jul-20200.1974
 01-Jul-20200.1696
 29-Jun-20201.0730
 26-Jun-20200.8774
 25-Jun-20200.4921
 24-Jun-20200.4091
 23-Jun-20200.6234
 22-Jun-20200.1260
 19-Jun-20201.9290
 18-Jun-20201.1524
 17-Jun-20200.7457
 16-Jun-20200.7303
 15-Jun-20201.1893
 12-Jun-20200.2650
 11-Jun-20200.3131
 09-Jun-20200.2478
 01-Jun-20201.0474
 29-May-20200.0897
 28-May-20200.1405
 27-May-20201.5722
 26-May-20201.5607
 22-May-20200.9635
Dividend Weekly07-Jul-20201.5317

 30-Jun-20202.9552
 23-Jun-20204.5840
 16-Jun-20202.4997
 09-Jun-20200.4238
 02-Jun-20202.6761
 26-May-20203.3941
 19-May-20202.3376
 21-Apr-20203.2395
 07-Apr-20200.4005
 31-Mar-20202.8151
 11-Mar-20201.2449
 03-Mar-20201.0425
 25-Feb-20201.0707
 18-Feb-20201.1095
 11-Feb-20201.3878
 04-Feb-20201.3052
 28-Jan-20201.1854
 21-Jan-20201.2509
 14-Jan-20201.0566
 07-Jan-20201.5882
 31-Dec-20190.9103
 24-Dec-20191.0792
 17-Dec-20190.8946
 10-Dec-20190.1740
Dividend Monthly19-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
 19-Dec-20186.1239
 19-Nov-20184.7245
 19-Oct-20185.1537
 19-Sep-20182.6251
 20-Aug-20184.8156
 19-Jul-20185.4183
 19-Jun-20185.9180
 21-May-20181.0498
 19-Apr-20185.6499
 19-Mar-20184.8452
 20-Feb-20184.1699
Dividend Quarterly19-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
 19-Dec-201416.8495
 19-Sep-201417.3160
 19-Jun-201420.0089
Dividend19-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]vy.com

Website: www.karvymfs.com

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