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Unrated

Nippon India Fixed Horizon Fund XXXIX - Series 15 - Regular 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 3.16 0.04 0.09 0.23 0.95 2.11 4.22 -- -- -- --
CCIL T Bill Liquidity Weight* 1.62 -0.02 0.03 0.12 0.52 1.08 2.06 -- -- -- --
Debt: FMP* 3.69 0.03 0.09 0.24 1.09 2.38 4.99 -- -- -- --
Rank within category* 219 104 134 179 217 236 237 -- -- -- --
Number of funds in category* 282 299 299 297 289 284 282 63 3 3 0

As on 18-Oct-2021

* As on 19-Oct-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 15 - Regular Plan
Unrated
Nov-18 4.22 -- -- 0.09% 444
Kotak FMP Series 252 - 1261 Days - Regular Plan
Unrated
Nov-18 4.31 -- -- 0.09% 1,353
HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Regular Plan
Unrated
Sep-18 9.90 9.76 -- 0.27% 793
Kotak FMP Series 239 - 1330 Days - Regular Plan
Unrated
Aug-18 8.15 9.54 -- 0.12% 783
SBI Fixed Maturity Plan - Series 41 (1498 Days) - Regular Plan
Unrated
Mar-21 -- -- -- 0.35% 756

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.28 24-Mar-2020 - 31-Mar-2020 -1.62 12-Mar-2020 - 19-Mar-2020
Month 3.12 24-Mar-2020 - 23-Apr-2020 -1.98 25-Feb-2020 - 26-Mar-2020
Quarter 6.06 26-Mar-2020 - 25-Jun-2020 -0.18 24-Dec-2019 - 24-Mar-2020
Year 12.80 22-Nov-2018 - 25-Nov-2019 4.26 14-Oct-2020 - 14-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.34 0.40 -1.54 -3.94 -- --
Debt: FMP* 8.22 1.91 2.62 6.15 1.53 5.21
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-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 28 28 23 15
Modified Duration (yrs) 0.41 1.24 0.41 0.50
Average Maturity (yrs) 0.43 1.34 0.43 0.52
Yield to Maturity (%) 3.96 4.52 3.78 4.15
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 HDB Financial Services 2022 Debenture AAA 12.04 - 12.12 12.12
equal Bajaj Finance 2022 Zero Coupon Bonds AAA 10.99 - 11.06 11.06
equal LIC Housing Fin. 25/02/2022 Debenture AAA 8.19 - 8.20 8.20
equal 8.72% Bihar State 25/01/2022 State Development Loan SOV 8.00 - 8.65 8.00
equal 7.27% Power Finance Corporation 22/12/2021 Debenture AAA 7.19 - 7.69 7.19
equal 8.30% Reliance Industries 2022 Debenture AAA 7.04 - 7.56 7.04
equal 8.83% REC 21/01/2022 Non Convertible Debenture AAA 6.51 - 7.03 6.51
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 5.35 - 6.38 6.22
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 6.08 - 6.51 6.08
equal 8.23% Housing & Urban Development Corporation 15/04/2022 Non Convertible Debenture AAA 5.56 - 5.97 5.56
equal 8.45% REC 22/03/2022 Debenture AAA 3.01 - 3.24 3.01
equal 8.69% Karnataka State 2022 State Development Loan SOV 2.62 - 2.83 2.62
equal 7.95% SIDBI 26/04/2022 Debenture AAA 2.09 - 2.24 2.09
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 1.87 1.86
equal 8.76% Maharashtra State 22/02/2022 State Development Loan SOV 1.61 - 1.74 1.61
equal 8.55% Power Finance Corporation 2021 Bonds AAA 1.57 - 1.69 1.57
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 1.08 - 1.55 1.49
equal 8.52% Uttar Pradesh State 29/03/2022 State Development Loan SOV 1.04 - 1.11 1.04
equal 8.40% Housing & Urban Development Corporation 2022 Non Convertible Debenture AAA 0.71 - 0.77 0.71
equal 8.50% REC 20/12/2021 Bonds/NCDs AAA 0.68 - 0.74 0.68
equal 8.72% Uttar Pradesh State 2021 State Development Loan SOV 0.00 - 0.59 0.56
equal 8.81% SIDBI 25/01/2022 Debenture AAA 0.53 - 0.57 0.53
equal 8.53% Jammu & Kashmir State 30/03/2022 State Development Loan SOV 0.35 - 0.37 0.35
equal 8.20% Power Grid Corporation 23/01/2022 Bonds/NCDs AAA 0.32 - 0.34 0.32
equal SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 0.22 0.22

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-Sep-2021

Fund Manager

— Amit Tripathi since 13-Nov-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

0.04%

Change from previous, NAV as on 18-Oct-2021

Growth: ₹ 12.8452

IDCW: ₹ 12.8453


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) 1259
Maturity date 29-Apr-2022

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 16-Nov-2018
Return Since Launch: 8.94%
Benchmark: CRISIL Composite Bond Index
Riskometer: Low to 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

Upcoming Video

Investors' Hangout

The investment mindset: These women show the way

DateFriday, 29-Oct-2021
Time12:30 PM - 01:00 PM