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Unrated

Nippon India M Interval Series I Direct


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.

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 2.63 0.01 0.07 0.28 0.80 1.61 3.17 4.63 5.50 6.17 --
CCIL T Bill Liquidity Weight 1.64 0.00 0.02 0.10 0.50 1.05 2.02 3.30 3.60 4.04 --
Debt: FMP 2.61 0.01 0.06 0.35 0.91 1.65 3.12 4.37 5.43 6.22 --
Rank within category 6 6 2 4 5 6 6 4 10 12 --
Number of funds in category 20 21 21 21 21 21 20 20 20 20 0

As on 26-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India M Interval Series I Direct
Unrated
Jan-13 3.17 4.63 5.50 -- 6

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.65 14-Aug-2013 - 22-Aug-2013 0.01 24-Mar-2020 - 31-Mar-2020
Month 1.36 02-Aug-2013 - 03-Sep-2013 0.16 23-Mar-2020 - 22-Apr-2020
Quarter 3.04 24-Jul-2013 - 23-Oct-2013 0.65 20-Mar-2020 - 19-Jun-2020
Year 9.99 26-Jul-2013 - 28-Jul-2014 2.96 19-Mar-2020 - 19-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.64 0.54 1.30 5.84 0.91 1.25
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: FMP 4.36 0.73 0.75 3.03 0.84 0.92
Rank within category 4 12 4 5 13 4
Number of funds in category 21 21 21 21 21 21

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

As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 3
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.29 3.39 2.69 3.29
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Sep-2021

Fund Manager

— Anju Chhajer since 31-Mar-2021

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:


0.01%

Change from previous, NAV as on 26-Oct-2021

Growth: ₹ 27.5036


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 (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) 5,000
Lock-in Period Not Applicable
Exit Load 0.1%

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 6.72%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 6 Cr (As on 30-Sep-2021)
Expense: -- (As on )
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW16-Jun-20210.0009

 15-Jun-20210.0248
 17-May-20210.0274
 15-Apr-20210.0497
 15-Feb-20210.0244
 18-Jan-20210.0027
 15-Jan-20210.0252
 16-Dec-20200.0009
 15-Dec-20200.0209
 18-Nov-20200.0007
 17-Nov-20200.0255
 16-Oct-20200.0008
 15-Oct-20200.0254
 16-Sep-20200.0009
 15-Sep-20200.0234
 18-Aug-20200.0009
 17-Aug-20200.0276
 16-Jul-20200.0009
 15-Jul-20200.0226
 16-Jun-20200.0008
 15-Jun-20200.0224
 18-May-20200.0026
 15-May-20200.0228
 16-Apr-20200.0010
 15-Apr-20200.0162

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

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DateFriday, 29-Oct-2021
Time12:30 PM - 01:00 PM