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Nippon India Strategic Debt Fund


1 Lakh

Investment declined to
₹ 0.96 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.19 Lakh

Analyst's Choice?

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.

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 0.57 0.07 -0.77 0.49 -0.44 0.42 -3.56 2.53 5.38 -- --
VR Bond 1.50 0.12 0.26 1.49 2.27 3.04 8.68 6.91 7.12 -- --
Debt: Medium Duration 1.75 0.11 0.27 1.61 2.02 3.77 5.53 6.04 6.88 -- --
Rank within category 17 15 19 18 15 15 15 -- -- -- --
Number of funds in category 18 19 19 19 17 17 16 15 13 9 8

As on 14-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.11 (09-Nov-2016 - 16-Nov-2016) -2.76 (26-Apr-2019 - 03-May-2019)
Month 2.05 (25-Oct-2016 - 24-Nov-2016) -3.83 (03-Jun-2019 - 03-Jul-2019)
Quarter 4.70 (05-Jul-2016 - 05-Oct-2016) -6.12 (02-Apr-2019 - 02-Jul-2019)
Year 12.85 (24-Nov-2015 - 24-Nov-2016) -3.76 (17-Jan-2019 - 17-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.39 3.67 -0.89 -0.76 0.41 -3.43
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Medium Duration 5.09 3.17 0.03 0.30 0.56 -0.78
Rank within category 15 12 16 16 3 14
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 35 82 35 45
Modified Duration (yrs) 2.32 2.85 2.32 3.15
Average Maturity (yrs) 3.47 4.36 3.47 4.37
Yield to Maturity (%) 14.02 14.02 10.42 9.10

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Yes Bank Bonds/NCDs BBB 0.00 - 20.01 20.01
new Indian Receivable Trust 26/01/2040 Securitised Debt A 0.00 - 9.05 9.05
equal 8.97% Uttar Pradesh Power Corporation 15/02/2022 Bonds AA 3.27 - 8.93 8.93
new Indian Receivable Trust 25/09/2026 Securitised Debt A 0.00 - 4.44 4.44
down 10.25% Shriram Transport Finance 27/12/2024 Non Convertible Debenture AA+ 2.96 - 6.40 4.40
equal 8.60% L&T Ahmedabad Maliya Tollway L Structured Obligation AA 1.36 - 4.04 4.04
new Indian Receivable Trust 2044 Securitised Debt A 0.00 - 3.54 3.54
equal SEI Enerstar Renewable Pvt. Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.73 2.73
new Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 2.42 2.42
equal 8.48% Uttar Pradesh Power Corporation 15/03/2023 Structured Obligation AA 0.79 - 2.37 2.37
equal 8.40% Indiabulls Housing Finance 19/03/2021 Non Convertible Debenture AA+ 0.00 - 1.87 1.87
down Divyesh Power Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.43 1.79
down Aashman Energy Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.43 1.79
down Aarish Solar Power Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.43 1.79
down SEI Bhaskara Power Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.43 1.79
down Shreyas Renewable Pvt. Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.43 1.79
down Zuvan Energy Pvt. Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.43 1.79
equal 9.08% Indiabulls Housing Finance 31/12/2021 Non Convertible Debenture AA+ 0.00 - 1.60 1.60
equal 8.50% Swarna Tollway 31/03/2026 Non Convertible Debenture AAA 0.48 - 1.40 1.40
down 8.97% Uttar Pradesh Power Corporation 15/02/2024 Bonds AA 1.09 - 2.80 1.40
equal 7.70% Dewan Housing Fin. Corpn. 26/08/2020 Bonds D 0.00 - 1.38 1.38
equal 9.50% Yes Bank Bonds BBB 0.00 - 1.24 1.24
equal 8.50% Swarna Tollway 30/06/2027 Non Convertible Debenture AAA 0.39 - 1.13 1.13
equal KKR India Financial Services 2020 Debenture AA 0.00 - 1.08 1.08
equal 8.97% Uttar Pradesh Power Corporation 15/02/2023 Bonds AA 0.87 - 2.61 0.98

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-Jan-2020

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:


0.07%

Change from previous, NAV as on 14-Feb-2020

Growth: ₹ 14.0157

Dividend Quarterly: ₹ 10.3380

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Dividend: ₹ 11.9933

Bonus: ₹ 14.0157


Investment Strategy

The scheme seeks to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 26-Jun-2014
Return Since Launch: 6.17%
Benchmark: CRISIL AA- Medium Term Bond (25), CRISIL AA Medium Term Bond (25), CRISIL AA+ Medium Term Bond (25), CRISIL AAA Medium-Term Bond Index (25)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,053 Cr (As on 31-Jan-2020)
Expense: 1.75% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly19-Mar-20190.0832

 19-Dec-20180.0970
 19-Sep-20180.0921
 19-Mar-20180.0294
 19-Dec-20170.0615
 19-Sep-20170.1454
 19-Jun-20170.1644
 20-Mar-20170.0798
 19-Dec-20160.1733
 19-Sep-20160.2563
 20-Jun-20160.1377
 21-Mar-20160.1140
 21-Dec-20150.1587
 21-Sep-20150.1208
 19-Jun-20150.1174
 19-Mar-20150.1858
 19-Dec-20140.1782
 19-Sep-20140.1266
Dividend06-May-20161.1128

 19-Sep-20140.1253

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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