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5 star

Nippon India Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

"Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

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 3.79 0.00 0.07 0.47 0.78 2.16 3.95 8.59 7.49 -- --
CCIL T Bill Liquidity Weight 1.88 0.01 0.04 0.17 0.44 1.07 2.04 3.20 3.53 -- --
Debt: Banking and PSU 3.37 -0.01 0.06 0.49 0.72 1.99 3.60 7.90 7.14 -- --
Rank within category 3 10 9 10 6 6 5 3 5 -- --
Number of funds in category 21 22 22 22 22 22 20 17 15 13 3

As on 07-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Banking & PSU Debt Fund  | Invest Online
5 star
May-15 3.95 8.59 7.49 0.81% 6,505
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 3.43 8.61 7.68 0.62% 18,845
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 3.79 8.27 7.21 0.70% 17,460
Axis Banking & PSU Debt Fund
4 star
Jun-12 3.40 7.96 7.64 0.62% 16,241
ICICI Prudential Banking & PSU Debt Fund  | Invest Now
4 star
Jan-10 4.59 8.05 6.96 0.80% 13,270

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.48 24-Mar-2020 - 31-Mar-2020 -2.40 12-Mar-2020 - 19-Mar-2020
Month 4.60 24-Mar-2020 - 23-Apr-2020 -2.86 20-Feb-2020 - 23-Mar-2020
Quarter 7.59 24-Mar-2020 - 24-Jun-2020 -0.88 23-Dec-2019 - 23-Mar-2020
Year 12.89 02-Jul-2019 - 01-Jul-2020 3.52 12-Sep-2017 - 12-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.41 2.21 2.09 3.81 2.62 6.22
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Banking and PSU 7.75 2.43 1.76 3.56 2.32 5.38
Rank within category 3 10 1 6 13 3
Number of funds in category 17 17 17 17 17 17

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 101 104 83 76
Modified Duration (yrs) 2.22 3.35 2.22 --
Average Maturity (yrs) 2.78 4.64 2.78 --
Yield to Maturity (%) 5.18 5.27 4.83 --
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 4.50% Oil & Natural Gas Corporation 2024 Debenture AAA 0.00 - 3.80 3.80
equal Export-Import Bank 14/12/2021 Certificate of Deposit A1+ 3.14 - 3.85 3.76
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 2.91 - 3.49 3.36
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 2.40 - 2.89 2.78
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 4.62 2.77
equal 8.07% Bajaj Housing Finance 2022 Non Convertible Debenture AAA 0.00 - 2.84 2.74
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 1.31 - 2.69 2.69
equal 6.44% HDFC Bank 27/09/2028 Non Convertible Debenture AAA 0.00 - 3.36 2.66
new GOI 2028 GOI Securities SOV 0.00 - 2.44 2.44
equal 6.80% SIDBI 29/09/2022 Debenture AAA 2.02 - 2.43 2.35
equal ICICI Prudential Life Insurance Co. Ltd. Debenture AAA 1.30 - 2.33 2.31
equal 5.50% NIIF Infrastructure Finance 27/01/2023 Non Convertible Debenture AAA 0.00 - 2.35 2.30
new Axis Bank 19/09/2022 Certificate of Deposit A1+ 0.00 - 2.23 2.23
equal 8.85% Axis Bank 2024 Debenture AAA 1.94 - 2.71 2.17
equal 6.39% Indian Oil Corporation 2025 Debenture AAA 0.33 - 1.97 1.97
equal 7.60% ICICI Bank 2023 Bonds AAA 1.80 - 3.97 1.85
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 0.77 - 1.78 1.69
equal 7.10% ICICI Bank 17/02/2030 Additional Tier 2 Bond AAA 1.34 - 1.59 1.59
equal 7.03% REC 2022 Non Convertible Debenture AAA 1.34 - 1.62 1.56
equal 5.35% National Housing Bank 2024 Debenture AAA 0.00 - 1.55 1.55
equal National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 1.58 1.54
equal 6.67% HDFC Life Insurance Perpetual Bond AAA 1.30 - 1.58 1.54
equal Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 1.51 1.51
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 1.36 - 3.28 1.46
equal 5.75% India Infradebt 15/09/2023 Debenture AAA 0.00 - 1.49 1.46

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-2021

*As on 31-Oct-2021

Fund Manager

— Pranay Sinha since 31-Mar-2021

Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.

Experience: Prior to joining Nippon India Mutual Fund, he has worked with ABSLAMC, BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).

Funds Managed:

— Vivek Sharma since 25-Jun-2020

Education: Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).

Experience: He has been associated with Nippon India Mutual Fund since 2006.

Funds Managed:


0.00%

Change from previous, NAV as on 07-Dec-2021

Growth: ₹ 16.6901

IDCW Weekly: ₹ 10.2852

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IDCW Quarterly: ₹ 10.6199

IDCW Monthly: ₹ 10.5867

IDCW: ₹ 16.6901


Investment Strategy

The scheme seeks to generate income over short to medium term horizon through investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions.

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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 15-May-2015
Return Since Launch: 8.11%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 6,505 Cr (As on 30-Nov-2021)
Expense: 0.81% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly07-Dec-20210.0096

 30-Nov-20210.0110
 23-Nov-20210.0104
 16-Nov-20210.0092
 09-Nov-20210.0114
 02-Nov-20210.0105
 26-Oct-20210.0082
 20-Oct-20210.0169
 12-Oct-20210.0114
 05-Oct-20210.0129
 28-Sep-20210.0196
 21-Sep-20210.0114
 14-Sep-20210.0104
 07-Sep-20210.0114
 31-Aug-20210.0108
 24-Aug-20210.0145
 17-Aug-20210.0108
 10-Aug-20210.0102
 03-Aug-20210.0128
 27-Jul-20210.0113
 20-Jul-20210.0120
 13-Jul-20210.0109
 06-Jul-20210.0075
 29-Jun-20210.0147
 22-Jun-20210.0099
IDCW Monthly22-Nov-20210.0392

 20-Sep-20210.0610
 20-Aug-20210.0575
 19-Jul-20210.0430
 21-Jun-20210.0339
 19-May-20210.0791
 19-Apr-20210.0760
 19-Jan-20210.0051
 21-Dec-20200.0281
 19-Nov-20200.0547
 19-Oct-20200.1216
 21-Sep-20200.0135
 20-Jul-20200.1428
 19-Jun-20200.0893
 19-May-20200.1196
 20-Apr-20200.2533
 20-Feb-20200.1154
 20-Jan-20200.0349
 19-Nov-20190.0556
 22-Oct-20190.0666
 19-Sep-20190.0555
 19-Aug-20190.0501
 19-Jul-20190.1005
 19-Jun-20190.0918
 20-May-20190.0411
IDCW Quarterly20-Sep-20210.1475

 21-Jun-20210.2180
 21-Dec-20200.2359
 21-Sep-20200.1516
 19-Jun-20200.5251
 19-Mar-20200.1896
 19-Dec-20190.1575
 19-Sep-20190.2278
 19-Jun-20190.1966
 19-Mar-20190.1137
 19-Dec-20180.1677
 19-Sep-20180.0964
 19-Mar-20180.0420
 19-Dec-20170.0574
 19-Sep-20170.1327
 19-Jun-20170.1765
 20-Mar-20170.0435
 19-Dec-20160.1705
 19-Sep-20160.2064
 20-Jun-20160.1442
 21-Mar-20160.1278
 21-Dec-20150.1411
 21-Sep-20150.1304

Contact Information

AMC: Nippon Life India Asset Management Ltd.

Address: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai - 400013

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

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