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5 star

Nippon India Banking & PSU Debt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.10 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 0.60 -0.05 -0.15 1.26 0.73 1.96 9.54 9.22 8.61 -- --
CCIL T Bill Liquidity Weight 0.54 0.02 0.02 0.20 0.49 0.99 2.47 3.65 3.86 -- --
Debt: Banking and PSU 0.39 -0.02 -0.07 1.12 0.56 1.79 9.01 8.54 8.25 -- --
Rank within category 7 20 20 6 6 3 7 3 4 -- --
Number of funds in category 21 22 22 22 21 19 18 16 14 12 0

As on 16-Apr-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 - Direct Plan  | Invest Online
5 star
May-15 9.54 9.22 8.61 0.33 6,636
IDFC Banking & PSU Debt Fund - Direct Plan
5 star
Mar-13 9.45 9.59 8.37 0.31 17,764
Axis Banking & PSU Debt Fund - Direct Plan
5 star
Jan-13 8.63 8.95 8.45 0.31 16,154
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 9.21 9.01 8.67 0.34 9,688
LIC MF Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.87 8.61 8.17 0.28 2,185

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 2.35 1.87 3.26 2.63 6.68
CCIL T Bill Liquidity Weight 3.60 0.37 -2.39 -5.59 -- --
Debt: Banking and PSU 8.28 2.52 1.63 2.88 2.35 5.85
Rank within category 3 11 4 5 12 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 31-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 91 92 53 82
Modified Duration (yrs) 2.44 3.35 2.36 2.34
Average Maturity (yrs) 3.23 4.64 2.98 3.03
Yield to Maturity (%) 5.22 6.48 4.83 5.21
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
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 7.33 6.76
equal 6.50% Power Finance Corp. 17/09/2025 Non Convertible Debenture AAA 0.00 - 5.12 5.12
up 6.65% Food Corporation of India 23/10/2030 Debenture AAA 0.00 - 6.73 4.28
equal Export-Import Bank 14/12/2021 Certificate of Deposit A1+ 0.00 - 3.67 3.67
down 6.79% BSNL 23/09/2030 Non Convertible Debenture AAA 0.00 - 6.34 3.52
equal 7.60% ICICI Bank 2023 Bonds AAA 2.95 - 4.37 3.42
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 2.91 - 4.94 3.36
equal 7.60% Axis Bank 20/10/2023 Bonds/Debentures AAA 2.61 - 5.89 3.02
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 2.40 - 7.00 2.78
equal 8.07% Bajaj Housing Finance 2022 Non Convertible Debenture AAA 0.00 - 2.74 2.74
equal 6.80% SIDBI 29/09/2022 Debenture AAA 0.00 - 3.13 2.34
new 6.40% LIC Housing Fin. 24/01/2025 Non Convertible Debenture AAA 0.00 - 2.26 2.26
equal 5.50% NIIF Infrastructure Finance 27/01/2023 Non Convertible Debenture AAA 0.00 - 2.25 2.25
equal 8.85% Axis Bank 2024 Debenture AAA 0.00 - 3.08 2.16
equal 5.44% National Bank Agr. Rur. Devp 2024 Debenture AAA 0.00 - 1.89 1.89
equal 5.41% Andhra Pradesh State 2024 State Development Loan SOV 0.00 - 1.83 1.65
equal 7.03% REC 2022 Non Convertible Debenture AAA 1.34 - 2.20 1.55
equal 7.10% ICICI Bank Additional Tier 2 Bond AAA 1.34 - 2.17 1.50
equal ICICI Prudential Life Insurance Co. Ltd. Debenture AAA 0.00 - 1.50 1.50
equal National Bank Agr. Rur. Devp 164-D 30/07/2021 Commercial Paper A1+ 0.00 - 1.49 1.49
equal 6.67% HDFC Life Insurance Perpetual Bond AAA 0.00 - 1.49 1.49
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 1.48 1.48
down 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.00 - 3.28 1.41
down 5.04% IRFC 2023 Debenture AAA 0.00 - 1.94 1.37
new BPCL 34-D 08/04/2021 Commercial Paper A1+ 0.00 - 1.36 1.36

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-Mar-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:


-0.05%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 16.4650

IDCW Weekly: ₹ 10.3470

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IDCW Quarterly: ₹ 10.6629

IDCW Monthly: ₹ 10.6970

IDCW: ₹ 16.4682

Bonus: ₹ 16.4649


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: 8.78%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 6,636 Cr (As on 31-Mar-2021)
Expense: 0.33% (As on 31-Mar-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly15-Apr-20210.0183

 06-Apr-20210.0099
 30-Mar-20210.0069
 23-Mar-20210.0232
 16-Mar-20210.0037
 09-Mar-20210.0072
 02-Mar-20210.0119
 23-Feb-20210.0068
 16-Feb-20210.0001
 09-Feb-20210.0131
 02-Feb-20210.0109
 27-Jan-20210.0132
 19-Jan-20210.0096
 12-Jan-20210.0139
 05-Jan-20210.0136
 29-Dec-20200.0110
 22-Dec-20200.0117
 15-Dec-20200.0295
 08-Dec-20200.0130
 01-Dec-20200.0181
 24-Nov-20200.0119
 17-Nov-20200.0137
 10-Nov-20200.0146
 03-Nov-20200.0117
 27-Oct-20200.0145
IDCW Monthly19-Jan-20210.0085

 21-Dec-20200.0319
 19-Nov-20200.0589
 19-Oct-20200.1255
 21-Sep-20200.0174
 20-Jul-20200.1469
 19-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
IDCW Quarterly21-Dec-20200.2473

 21-Sep-20200.1629
 19-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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