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Nippon India Strategic Debt Fund - Direct Plan


1 Lakh

Investment declined to
₹ 0.98 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.17 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund -3.12 -1.32 -0.86 -2.48 3.47 6.41 --
VR Bond 6.71 -0.12 0.36 7.30 5.80 6.98 --
Debt: Medium Duration 4.25 -0.36 0.61 4.81 6.06 7.42 --
Rank within category 13 16 16 13 -- -- --
Number of funds in category 16 17 17 16 15 12 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 2.13 (25-Oct-2016 - 24-Nov-2016) -3.77 (03-Jun-2019 - 03-Jul-2019)
Quarter 4.94 (05-Jul-2016 - 05-Oct-2016) -5.92 (02-Apr-2019 - 02-Jul-2019)
Year 13.84 (24-Nov-2015 - 24-Nov-2016) -1.06 (29-Aug-2018 - 29-Aug-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.29 3.79 -0.66 -0.60 0.45 -2.43
VR Bond 5.65 2.30 -0.06 -0.09 -- --
Debt: Medium Duration 5.75 3.20 0.26 0.62 0.61 0.06
Rank within category 13 12 16 16 4 13
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 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 41 88 41 49
Modified Duration (yrs) 2.69 2.85 2.36 3.04
Average Maturity (yrs) 4.16 4.36 3.57 4.24
Yield to Maturity (%) 13.43 13.43 10.10 9.35

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 - 16.42 16.42
equal Indian Receivable Trust 26/01/2040 Zero Coupon Bonds A 0.00 - 7.56 7.56
down 8.97% Uttar Pradesh Power Corporation 15/02/2022 Bonds AA 3.00 - 7.15 7.15
equal 10.25% Shriram Transport Finance 27/12/2024 Non Convertible Debenture AA+ 2.96 - 6.40 6.40
down 9.50% Nirma Non Convertible Debenture AA- 4.11 - 9.04 5.66
equal Indian Hospitals Corp. 28/12/2020 Zero Coupon Bonds AA- 1.53 - 4.00 4.00
equal Indian Receivable Trust 2019 Zero Coupon Bonds A 0.00 - 3.71 3.71
equal 8.60% L&T Ahmedabad Maliya Tollway L Structured Obligation AA 1.25 - 3.24 3.24
equal Indian Receivable Trust 2044 Zero Coupon Bonds A 0.00 - 2.97 2.97
equal SEI Enerstar Renewable Pvt. Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.20 2.20
equal Zuvan Energy Pvt. Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.20 2.20
equal Shreyas Renewable Pvt. Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.20 2.20
equal SEI Mihir Energy Pvt. Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.20 2.20
equal SEI Bhaskara Power Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.20 2.20
equal Divyesh Power Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.20 2.20
equal Aashman Energy Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.20 2.20
equal Aarish Solar Power Ltd. 16/11/2027 Zero Coupon Bonds AA 0.00 - 2.20 2.20
equal 8.97% Uttar Pradesh Power Corporation 15/02/2023 Bonds AA 1.51 - 2.61 1.96
equal 8.48% Uttar Pradesh Power Corporation 15/03/2023 Structured Obligation AA 0.73 - 1.90 1.90
equal 9.75% Cholamandalam Invest. & Fin. 23/08/2028 Non Convertible Debenture AA+ 0.00 - 1.84 1.84
equal 8.50% Swarna Tollway 2024 Non Convertible Debenture AAA 0.60 - 1.54 1.54
equal 8.40% Indiabulls Housing Finance 19/03/2021 Non Convertible Debenture AA+ 0.00 - 1.49 1.49
equal 9.08% Indiabulls Housing Finance 31/12/2021 Non Convertible Debenture AA+ 0.00 - 1.42 1.42
equal 9.70% Piramal Enterprises 24/12/2020 Non Convertible Debenture AA 1.00 - 6.90 1.36
equal 8.70% Reliance Home Finance 2020 Debenture D 0.00 - 1.32 1.32

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 30-Nov-2019

Fund Manager

— Prashant R Pimple since 06-Jun-2014

Education: Mr. Pimple is a MBA (Finance) and CTM.

Experience: Prior to joining Reliance Mutual Fund he has worked with Fidelity Mutual Fund, ICICI Bank, Bank of Bahrain & Kuwait, Saraswat Co-op Bank Ltd. and SIDBI.

Funds Managed:


-0.01%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 14.5574

Dividend Quarterly: ₹ 10.3642

More

Dividend: ₹ 12.2771

Bonus: ₹ 14.5574


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
Benchmark: CRISIL AAA Medium-Term Bond Index (25), CRISIL AA+ Medium Term Bond (25), CRISIL AA Medium Term Bond (25), CRISIL AA- Medium Term Bond (25)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,561 Cr (As on 30-Nov-2019)
Expense: 0.93% (As on 30-Nov-2019)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend06-May-20161.2247

 19-Sep-20140.1375
Dividend Quarterly19-Mar-20190.0994

 19-Dec-20180.1149
 19-Sep-20180.1118
 19-Mar-20180.0452
 19-Dec-20170.0799
 19-Sep-20170.1624
 19-Jun-20170.1819
 20-Mar-20170.0941
 19-Dec-20160.1878
 19-Sep-20160.2764
 20-Jun-20160.1522
 21-Mar-20160.1278
 21-Dec-20150.1724
 21-Sep-20150.1346
 19-Jun-20150.1296
 19-Mar-20150.1982
 19-Dec-20140.1928
 19-Sep-20140.1390

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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM