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4 star

Nippon India Banking & PSU Debt Fund - Direct Plan


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 8.13 0.09 0.55 2.28 6.05 7.72 13.12 9.38 9.33 -- --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 -- --
Debt: Banking and PSU 7.07 0.06 0.56 2.06 5.74 6.72 11.61 8.92 9.00 -- --
Rank within category 2 4 10 7 6 2 3 5 3 -- --
Number of funds in category 19 19 19 19 19 19 18 16 14 7 0

As on 09-Jul-2020

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 - Direct Plan  | Invest Online
4 star
May-15 13.12 9.38 9.33 0.30 4,973
IDFC Banking & PSU Debt Fund - Direct Plan
4 star
Mar-13 13.24 9.91 8.97 0.30 16,791
Axis Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.83 9.64 9.09 0.31 16,456
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.94 9.34 9.31 0.29 7,146
LIC MF Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
Jan-13 10.76 9.27 8.77 0.28 1,446

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.49 (24-Mar-2020 - 31-Mar-2020) -2.39 (12-Mar-2020 - 19-Mar-2020)
Month 4.64 (24-Mar-2020 - 23-Apr-2020) -2.82 (20-Feb-2020 - 23-Mar-2020)
Quarter 7.72 (24-Mar-2020 - 24-Jun-2020) -0.76 (23-Dec-2019 - 23-Mar-2020)
Year 13.40 (02-Jul-2019 - 01-Jul-2020) 3.80 (12-Sep-2017 - 12-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.86 2.21 1.61 3.32 2.62 6.78
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Banking and PSU 8.47 2.27 1.52 3.26 2.07 5.72
Rank within category 6 12 7 9 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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 62 62 42 79
Modified Duration (yrs) 2.45 2.74 2.27 --
Average Maturity (yrs) 2.98 3.52 2.73 --
Yield to Maturity (%) 5.65 7.79 5.65 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 7.99 5.97
down 8.50% National Bank Agr. Rur. Devp Debenture AAA 5.92 - 11.22 5.92
equal 7.60% Axis Bank 20/10/2023 Bonds/Debentures AAA 5.41 - 6.92 5.45
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 5.13 - 11.79 5.36
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 3.36 - 6.73 4.55
equal 8.25% IRFC 28/02/2024 Debenture AAA 2.70 - 5.93 4.50
equal 7.60% ICICI Bank 2023 Bonds AAA 0.76 - 4.47 3.89
new 6.80% SIDBI 29/09/2022 Debenture AAA 0.00 - 3.13 3.13
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 2.04 - 3.63 3.13
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 2.97 2.56
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 4.64 2.53
new BPCL 56-D 10/06/2020 Commercial Paper A1+ 0.00 - 2.51 2.51
up 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 2.39 2.39
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.35 2.08
new 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 2.04 2.04
equal REC 13/12/2022 Debenture AAA 0.00 - 2.21 2.03
equal 7.03% REC 2022 Non Convertible Debenture AAA 0.00 - 2.20 2.03
equal 7.10% ICICI Bank 17/02/2030 Debenture AAA 0.00 - 2.33 2.01
new SIDBI 2020 Certificate of Deposit A1+ 0.00 - 2.01 2.01
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 0.00 - 2.06 1.73
new 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 1.57 1.57
down 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 2.25 1.56
new 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 1.53 1.53
down 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 5.00 1.51
new National Housing Bank 89-D 10/06/2020 Commercial Paper A1+ 0.00 - 1.51 1.51

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-2020

Fund Manager

— Prashant R Pimple since 01-Feb-2020

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:

— Vivek Sharma since 25-Jun-2020

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

Experience: He has been associated with Reliance AMC since 2006.

Funds Managed:


0.09%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 15.8747

Dividend Weekly: ₹ 10.5630

More

Dividend Quarterly: ₹ 10.6831

Dividend Monthly: ₹ 10.6975

Dividend: ₹ 15.8777

Bonus: ₹ 15.8748


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
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 15-May-2015
Return Since Launch: 9.38%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,973 Cr (As on 31-May-2020)
Expense: 0.30% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly07-Jul-20200.0324

 30-Jun-20200.0178
 23-Jun-20200.0237
 16-Jun-20200.0168
 09-Jun-20200.0169
 02-Jun-20200.0247
 26-May-20200.0356
 19-May-20200.0298
 12-May-20200.0183
 05-May-20200.0296
 28-Apr-20200.0151
 21-Apr-20200.0150
 15-Apr-20200.0193
 07-Apr-20200.0155
 31-Mar-20200.0202
 17-Mar-20200.0017
 11-Mar-20200.0128
 03-Mar-20200.0125
 25-Feb-20200.0118
 18-Feb-20200.0207
 11-Feb-20200.0115
 04-Feb-20200.0107
 28-Jan-20200.0090
 21-Jan-20200.0097
 14-Jan-20200.0097
Dividend Monthly19-Jun-20200.0936

 19-May-20200.1234
 20-Apr-20200.2582
 20-Feb-20200.1186
 20-Jan-20200.0376
 19-Nov-20190.0578
 22-Oct-20190.0691
 19-Sep-20190.0580
 19-Aug-20190.0523
 19-Jul-20190.1030
 19-Jun-20190.0941
 20-May-20190.0431
 22-Apr-20190.0354
 19-Mar-20190.0780
 20-Feb-20190.0448
 21-Jan-20190.0455
 19-Dec-20180.0681
 19-Nov-20180.0567
 19-Oct-20180.0378
 20-Aug-20180.0390
 19-Jul-20180.0550
 19-Jun-20180.0328
 19-Apr-20180.0519
 19-Mar-20180.0464
 20-Feb-20180.0129
Dividend Quarterly19-Jun-20200.5696

 19-Mar-20200.1982
 19-Dec-20190.1650
 19-Sep-20190.2353
 19-Jun-20190.2039
 19-Mar-20190.1206
 19-Dec-20180.1750
 19-Sep-20180.1037
 19-Mar-20180.0452
 19-Dec-20170.0607
 19-Sep-20170.1361
 19-Jun-20170.1800
 20-Mar-20170.0467
 19-Dec-20160.1705
 19-Sep-20160.2097
 20-Jun-20160.1474
 21-Mar-20160.1315
 21-Dec-20150.1442
 21-Sep-20150.1336

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

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