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3 star

Nippon India Credit Risk Fund download report


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

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
Nippon India Credit Risk-G 0.50 0.04 0.26 0.17 -0.55 0.65 10.16 2.78 3.62 5.20 6.49
CCIL T Bill Liquidity Weight 0.85 0.04 0.07 0.25 0.38 0.89 1.99 2.71 3.30 3.69 4.25
Debt: Credit Risk 9.90 0.02 0.24 0.16 8.10 9.98 15.48 4.56 4.02 5.51 7.19
Rank within category 9 3 4 8 10 9 5 13 11 10 4
Number of funds in category 15 15 15 15 15 15 15 15 15 14 4

As on 24-Jun-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Credit Risk Fund
3 star
Jun-05 10.16 2.78 3.62 1.63% 1,060
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
Mar-14 3.36 7.54 6.85 1.58% 8,640
ICICI Prudential Credit Risk Fund  | Invest Now
4 star
Dec-10 4.39 7.63 7.26 1.54% 8,022
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 3.64 6.36 6.19 1.55% 3,035
Axis Credit Risk Fund - Regular Plan
4 star
Jul-14 3.48 6.43 5.54 1.68% 690

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 6.22 06-Jul-2021 - 13-Jul-2021 -11.95 04-Mar-2020 - 11-Mar-2020
Month 6.86 06-Jul-2021 - 05-Aug-2021 -13.22 25-Feb-2020 - 26-Mar-2020
Quarter 8.24 30-Jun-2021 - 29-Sep-2021 -12.86 26-Dec-2019 - 26-Mar-2020
Year 15.97 28-Aug-2020 - 30-Aug-2021 -13.03 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Nippon India Credit Risk-G 3.09 7.98 -0.05 -0.04 -8.47 -7.27
CCIL T Bill Liquidity Weight 2.69 0.37 -2.20 -4.41 -- --
Debt: Credit Risk 5.37 10.07 0.54 0.71 -5.95 -2.95
Rank within category 13 12 12 12 4 12
Number of funds in category 15 15 15 15 15 15

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

As on 31-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 36 45 29 30
Modified Duration (yrs) 1.83 2.22 1.76 --
Average Maturity (yrs) 2.18 2.93 2.18 --
Yield to Maturity (%) 8.08 8.08 6.46 --
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 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 6.35 6.30
equal 8.50% JSW Steel 2027 Debenture AA 0.00 - 5.26 5.23
equal 8.20% GOI 24/09/2025 Central Government Loan SOV 0.00 - 4.92 4.88
equal 6.75% Piramal Capital & Housing Finance 26/09/2031 Debenture AA 0.00 - 4.76 4.65
equal 6.50% Tata Realty and Infrastructure 17/07/2024 Non Convertible Debenture AA 4.27 - 5.14 4.60
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 4.32 4.31
equal 7.78% Greenlam Industries 28/08/2025 Non Convertible Debenture AA- 0.00 - 4.15 4.12
equal 9.81% L&T Metro Rail (Hyderabad) 18/06/2035 Debenture AAA 3.71 - 4.46 3.96
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.00 - 3.36 3.34
equal 9.50% Nirma Debenture AA- 0.97 - 3.31 3.31
equal 11.50% Hero Solar Energy 31/03/2024 Non Convertible Debenture A+ 0.00 - 3.45 3.26
equal 6.59% Summit Digitel Infrastructure 16/06/2026 Debenture AAA 0.00 - 3.53 3.18
equal 10.15% Uttar Pradesh Power Corporation 20/01/2025 Debenture A+ 2.62 - 3.65 2.90
equal Vivriti Capital 30/09/2024 Debenture A- 0.00 - 2.84 2.84
equal 9.29% India Shelter Finance Corporation 23/03/2025 Non Convertible Debenture A 0.00 - 3.24 2.75
equal Indiabulls Housing Finance 22/11/2039 Securitised Debt AAA 0.00 - 3.92 2.66
equal 8.90% Prestige Projects Private 2026 Debenture A+ 0.00 - 3.06 2.64
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 4.68 2.38
equal 10.50% Veritas Finance Private 2024 Non Convertible Debenture A- 0.00 - 2.53 2.35
equal 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 2.32 2.31
equal 6.92% Godrej Industries 14/05/2025 Debenture AA 2.14 - 2.57 2.30
equal 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 0.00 - 2.29 2.28
equal First Business Receivable Trust 2026 Securitised Debt AAA 0.00 - 1.63 1.46
equal 11.50% Indiabulls Infraestates 2023 Non Convertible Debenture A+ 0.31 - 2.56 1.21
equal 11.16% Ess Kay Fincorp 2024 Non Convertible Debenture A+ 0.00 - 0.94 0.94

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-2022

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:


0.04%

Change from previous, NAV as on 24-Jun-2022

Growth: ₹ 27.6027

IDCW Quarterly: ₹ 12.6420

IDCW: ₹ 15.1422


Investment Strategy

The scheme aims to generate optimal returns consistent with moderate levels of risk. It will invest atleast 65 per cent of its assets in debt instruments with maturity of more than 1 year and the rest in money market instruments (including cash or call money and reverse repo) and debentures with maturity of less than 1 year. The exposure in government securities will generally not exceed 50 percent of the assets.

Investment Details

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 100
Min. No of Cheques 60
Min. Withdrawal (₹) 100
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 08-Jun-2005
Return Since Launch: 6.13%
Benchmark: NIFTY Credit Risk Bond Index C-III
Riskometer: High
Type: Open-ended
Assets: ₹ 1,060 Cr (As on 31-May-2022)
Expense: 1.63% (As on 31-May-2022)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly21-Mar-20220.1100

 21-Dec-20210.1417
 21-Sep-20210.2800
 23-Dec-20190.1585
 23-Sep-20190.1585
 21-Jun-20190.1585
 22-Mar-20190.1585
 21-Dec-20180.1585
 21-Sep-20180.1585
 21-Jun-20180.1585
 21-Mar-20180.1589
 21-Dec-20170.1589
 21-Sep-20170.2022
 21-Jun-20170.2022
 21-Mar-20170.1589
 21-Dec-20160.2022
 21-Sep-20160.2022
 21-Jun-20160.2022
 21-Mar-20160.1589
 21-Dec-20150.1835
 21-Sep-20150.1589
 22-Jun-20150.1589
 23-Mar-20150.1896
 22-Dec-20140.2032
 22-Sep-20140.2182

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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