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Unrated

Nippon India Fixed Horizon Fund XXXIX - Series 2 - Direct Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.04 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 4.06 0.03 0.07 0.39 0.83 2.06 4.31 8.79 -- -- --
CCIL T Bill Liquidity Weight 1.87 -0.01 0.04 0.16 0.43 1.05 2.00 3.20 -- -- --
Debt: FMP 4.41 0.03 0.07 0.43 0.90 2.23 4.70 8.38 -- -- --
Rank within category 80 141 187 134 184 129 89 11 -- -- --
Number of funds in category 264 285 284 282 277 267 264 86 3 3 0

As on 06-Dec-2021

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 XXXIX - Series 2 - Direct Plan
Unrated
Sep-18 4.31 8.79 -- -- 171
Kotak FMP Series 252 - 1261 Days - Direct Plan
Unrated
Nov-18 4.16 -- -- -- 1,356
HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Direct Plan
Unrated
Sep-18 8.86 9.97 -- 0.25% 797
Kotak FMP Series 239 - 1330 Days - Direct Plan
Unrated
Aug-18 7.61 9.43 -- -- 786
SBI Fixed Maturity Plan - Series 41 (1498 Days) - Direct Plan
Unrated
Mar-21 -- -- -- 0.15% 757

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.10 24-Mar-2020 - 31-Mar-2020 -1.46 12-Mar-2020 - 19-Mar-2020
Month 3.11 24-Mar-2020 - 23-Apr-2020 -1.73 25-Feb-2020 - 26-Mar-2020
Quarter 5.86 26-Mar-2020 - 25-Jun-2020 0.30 24-Dec-2019 - 24-Mar-2020
Year 13.06 04-Oct-2018 - 04-Oct-2019 4.25 01-Dec-2020 - 01-Dec-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.58 1.66 2.89 8.75 2.12 6.09
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: FMP 8.21 1.91 2.63 6.93 1.82 5.53
Rank within category 10 45 26 10 26 17
Number of funds in category 79 79 79 79 79 79

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 23 23 21 16
Modified Duration (yrs) 0.38 1.22 0.38 --
Average Maturity (yrs) 0.40 1.32 0.40 --
Yield to Maturity (%) 4.20 4.69 3.88 --
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 8.39% Rajasthan State 24/02/2026 State Development Loan SOV 19.57 - 21.09 19.57
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 7.71 - 8.28 7.71
equal Aditya Birla Finance 2022 Debenture AAA 6.93 - 7.05 7.04
equal 8.30% Reliance Industries 2022 Debenture AAA 6.81 - 7.34 6.81
equal 8.23% Housing & Urban Development Corporation 15/04/2022 Non Convertible Debenture AAA 6.54 - 7.05 6.54
equal 8.27% REC 2022 Debenture AAA 5.92 - 6.39 5.92
equal 8.25% Tata Sons 23/03/2022 Debenture AAA 5.91 - 6.33 5.91
equal LIC Housing Fin. 25/02/2022 Debenture AAA 4.97 - 4.98 4.97
equal 8.65% L&T Finance 28/04/2022 Non Convertible Debenture AAA 4.96 - 5.28 4.96
equal 8.45% REC 22/03/2022 Debenture AAA 3.27 - 3.53 3.27
equal 9.48% L&T Finance 14/03/2022 Debenture AAA 3.23 - 3.46 3.23
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 2.57 - 3.17 3.02
equal 7.95% SIDBI 26/04/2022 Debenture AAA 2.61 - 2.82 2.61
equal 8.21% Haryana State 31/03/2022 State Development Loan SOV 0.74 - 2.27 2.20
equal 8.40% Housing & Urban Development Corporation 2022 Non Convertible Debenture AAA 2.02 - 2.18 2.02
equal SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 1.73 1.73
equal HDB Financial Services 2022 Debenture AAA 1.53 - 1.54 1.54
equal 8.88% Haryana State 22/02/2022 State Development Loan SOV 1.30 - 1.41 1.30
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 1.19 - 1.28 1.19
equal 8.53% Jammu & Kashmir State 30/03/2022 State Development Loan SOV 1.13 - 1.22 1.13
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 0.64 0.64
equal 8.69% LIC Housing Fin. 19/04/2022 Zero Coupon Bonds AAA 0.48 - 0.51 0.48
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.12 - 0.13 0.12

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-Oct-2021

Fund Manager

— Amit Tripathi since 31-Aug-2018

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

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

Interviews:

Funds Managed:

  • Intervals - since Apr 2007
  • FMPs - since Feb 2018

0.03%

Change from previous, NAV as on 06-Dec-2021

Growth: ₹ 13.2906

IDCW: ₹ 13.2906


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.

Investment Details

Tenure (Days) 1330
Maturity date 28-Apr-2022

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 06-Sep-2018
Return Since Launch: 9.14%
Benchmark: CRISIL Composite Bond Index
Riskometer: Low to Moderate
Type: Closed-end

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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