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Unrated

Nippon India Fixed Horizon Fund XXXVI - Series 6 - Direct Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.09 Lakh

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.

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
Fund 6.30 0.02 0.08 0.34 1.33 4.36 8.56 -- -- -- --
CCIL T Bill Liquidity Weight 2.58 0.06 0.12 0.22 0.59 1.51 3.45 -- -- -- --
Debt: FMP 7.18 0.04 0.12 0.43 1.76 5.08 9.40 -- -- -- --
Rank within category 416 369 405 353 435 437 398 -- -- -- --
Number of funds in category 577 588 588 588 588 585 569 21 3 1 0

As on 01-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Fixed Horizon Fund XXXVI - Series 6 - Direct Plan
Unrated
Mar-18 8.56 -- -- -- 988
Nippon India Fixed Horizon Fund XXXVIII - Series 6 - Direct Plan
Unrated
Jul-18 9.94 -- -- -- 1,903
Kotak FMP Series 252 - 1261 Days - Direct Plan
Unrated
Nov-18 10.51 -- -- -- 1,280
ICICI Prudential Fixed Maturity Plan - Series 82 1185 Days Plan I - Direct Plan
Unrated
Feb-18 8.29 -- -- -- 1,114
HDFC Fixed Maturity Plan - 1158 Days - February 2018 (1) - Direct Plan
Unrated
Feb-18 8.21 -- -- 0.03 1,047

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.58 (24-Mar-2020 - 31-Mar-2020) -1.00 (12-Mar-2020 - 19-Mar-2020)
Month 2.46 (24-Mar-2020 - 23-Apr-2020) -1.39 (17-Apr-2018 - 17-May-2018)
Quarter 4.44 (24-Mar-2020 - 24-Jun-2020) -0.29 (06-Apr-2018 - 06-Jul-2018)
Year 11.84 (25-Sep-2018 - 25-Sep-2019) 7.11 (09-Apr-2018 - 09-Apr-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.90 0.32 -3.63 -6.95 -- --
Debt: FMP* 6.19 2.75 0.60 0.84 3.19 4.83
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 19 14 16
Modified Duration (yrs) 0.53 0.53 0.53 0.90
Average Maturity (yrs) 0.56 1.48 0.56 0.98
Yield to Maturity (%) 4.07 4.07 4.07 5.75
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 Tata Sons 25/03/2021 Debenture AAA 11.13 - 11.27 11.27
equal HDB Financial Services 2021 Zero Coupon Bonds AAA 11.06 - 11.21 11.21
equal LIC Housing Fin. 25/03/2021 Debenture AAA 10.75 - 10.85 10.85
equal 7.70% REC 15/03/2021 Bonds/NCDs AAA 10.71 - 11.42 10.71
equal 7.52% SIDBI 2021 Bonds/NCDs AAA 9.84 - 10.55 9.84
equal 7.65% IRFC 15/03/2021 Debenture AAA 9.29 - 9.98 9.29
equal 7.73% Power Finance Corp. 2021 Non Convertible Debenture AAA 9.28 - 9.91 9.28
equal 8.39% Rajasthan State 15/03/2021 State Development Loan SOV 7.27 - 7.88 7.27
equal 8.51% Uttar Pradesh State 21/03/2021 State Development Loan SOV 5.33 - 5.78 5.33
equal Bajaj Housing Finance 2021 Bonds/NCDs AAA 4.36 - 4.41 4.41
equal Sundaram Finance 2021 Zero Coupon Bonds AAA 2.57 - 2.60 2.60
equal Axis Bank 14/01/2021 Certificate of Deposit A1+ 0.00 - 2.01 2.00
equal Bank of Baroda 26/04/2021 Certificate of Deposit A1+ 0.00 - 1.14 1.14
equal 9.25% Power Grid Corporation 26/12/2020 Bonds AAA 0.00 - 0.65 0.62
equal 8.36% West Bengal State 2021 State Development Loan SOV 0.52 - 0.57 0.52
equal 8.48% Assam State 2021 State Development Loan SOV 0.52 - 0.56 0.52
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 0.31 0.31
equal 7.40% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.30 - 0.32 0.30
equal 7.64% Chhattisgarh State 2021 State Development Loan SOV 0.00 - 0.11 0.10

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-Aug-2020

Fund Manager

— Amit Tripathi since 28-Feb-2018

Education: Mr. Tripathi is a B.Com (H) and PGDM.

Experience: Prior to joining Reliance Mutual Fund he has worked with New India Assurance Co. Ltd, Sun Invest Associates Ltd and CFS Financial Services Pvt. Ltd.

Interviews:

Funds Managed:


0.02%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 12.3781

Dividend: ₹ 12.3781


Investment Strategy

The scheme seeks to generate returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and Other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.

Tenure (Days) 1160
Maturity date 10-May-2021

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 07-Mar-2018
Return Since Launch: 8.65%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Closed-end

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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