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Unrated

Nippon India Fixed Horizon Fund XXXVIII - Series 6 - Regular 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 6.83 0.01 0.10 0.69 3.52 5.27 8.74 -- -- -- --
CCIL T Bill Liquidity Weight 2.23 0.03 0.05 0.20 0.67 1.81 3.70 -- -- -- --
Debt: FMP 5.98 -0.01 0.07 0.54 3.20 4.66 9.18 -- -- -- --
Rank within category 190 175 109 89 229 186 445 -- -- -- --
Number of funds in category 597 608 608 608 607 600 585 32 4 0 0

As on 07-Aug-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 XXXVIII - Series 6 - Regular Plan
Unrated
Jul-18 8.74 -- -- 0.06 1,877
Kotak FMP Series 252 - 1261 Days - Regular Plan
Unrated
Nov-18 10.75 -- -- 0.09 1,263
ICICI Prudential Fixed Maturity Plan - Series 82 1185 Days Plan I
Unrated
Feb-18 8.96 -- -- 0.05 1,104
HDFC Fixed Maturity Plan - 1158 Days - February 2018 (1) - Regular Plan
Unrated
Feb-18 8.81 -- -- 0.18 1,044
Nippon India Fixed Horizon Fund XXXVI - Series 6 - Regular Plan
Unrated
Mar-18 9.38 -- -- 0.02 979

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.51 (24-Mar-2020 - 31-Mar-2020) -1.00 (12-Mar-2020 - 19-Mar-2020)
Month 2.29 (24-Mar-2020 - 23-Apr-2020) -1.10 (25-Feb-2020 - 26-Mar-2020)
Quarter 4.93 (26-Mar-2020 - 25-Jun-2020) 0.44 (08-Aug-2019 - 07-Nov-2019)
Year 10.43 (25-Sep-2018 - 25-Sep-2019) 6.21 (27-Mar-2019 - 26-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.03 0.29 -4.08 -7.51 -- --
Debt: FMP* 6.44 2.06 0.82 1.14 2.92 4.69
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 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 28 28 -- 15
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 10.06 - 11.18 10.06
equal 8.95% L&T Finance 16/08/2021 Non Convertible Debenture AAA 9.71 - 10.16 9.71
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 6.93 - 9.82 9.51
equal Aditya Birla Finance 16/08/2021 Zero Coupon Bonds AAA 8.84 - 9.29 9.29
equal 10.40% Sikka Ports and Terminals 18/07/2021 Bonds/NCDs AAA 8.65 - 9.16 8.65
equal 8.12% Nabha Power 23/06/2021 Non Convertible Debenture AAA 7.01 - 7.45 7.01
equal 8.10% SBI Cards & Payments Services 2021 Non Convertible Debenture AAA 5.95 - 6.22 5.95
equal 8.40% Indiabulls Housing Finance 22/06/2021 Non Convertible Debenture AA 0.00 - 5.82 5.82
equal 8.60% Tamilnadu State 20/07/2021 State Development Loan SOV 5.02 - 5.36 5.02
equal 8.65% Uttarakhand State 2021 State Development Loan SOV 2.79 - 2.97 2.79
equal 8.60% West Bengal State 2021 State Development Loan SOV 2.54 - 2.71 2.54
equal 8.52% Jharkhand State 2021 State Development Loan SOV 2.49 - 2.65 2.49
equal 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 2.24 - 4.02 2.35
equal 8.51% Punjab State 2021 State Development Loan SOV 2.26 - 2.41 2.26
equal 8.12% Nabha Power 28/04/2021 Debenture AAA 1.90 - 2.02 1.90
equal 8.60% Andhra Pradesh State 22/06/2021 State Development Loan SOV 1.39 - 1.49 1.39
equal 8.36% West Bengal State 2021 State Development Loan SOV 1.10 - 1.18 1.10
up 8.32% Reliance Jio Infocomm 2021 Debenture AAA 0.82 - 1.01 0.99
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.97 - 1.03 0.97
equal 8.56% Andhra Pradesh State 2021 State Development Loan SOV 0.84 - 0.89 0.84
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.00 - 0.72 0.71
equal 8.40% SIDBI 2021 Debenture AAA 0.00 - 0.68 0.67
new Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 0.59 0.59
equal 7.70% REC 15/03/2021 Bonds/NCDs AAA 0.00 - 0.57 0.54
equal 8.64% Tamilnadu State 2021 State Development Loan SOV 0.45 - 0.48 0.45

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-Jun-2020

Fund Manager

— Amit Tripathi since 12-Jul-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:


0.01%

Change from previous, NAV as on 07-Aug-2020

Growth: ₹ 11.9649

Dividend: ₹ 11.9649


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) 1119
Maturity date 16-Aug-2021

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 24-Jul-2018
Return Since Launch: 9.19%
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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