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Unrated

Nippon India Fixed Horizon Fund XLI - Series 8 - Regular Plan download report


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.03 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
Nippon India FHF XLI - Series 8 Reg-G 0.44 -0.32 0.29 1.03 2.26 1.47 3.09 5.84 -- -- --
CCIL T Bill Liquidity Weight 1.21 0.05 0.09 0.28 0.61 1.05 2.04 2.63 -- -- --
Debt: FMP 1.42 -0.10 0.14 0.69 1.58 1.49 3.44 6.65 -- -- --
Rank within category 48 81 2 25 16 44 46 27 -- -- --
Number of funds in category 74 89 88 84 84 75 61 28 3 3 0

As on 05-Aug-2022

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 XLI - Series 8 - Regular Plan
Unrated
Apr-19 3.09 5.84 -- 0.41 52
HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Regular Plan
Unrated
Sep-18 5.98 9.37 -- 0.27 832
SBI Fixed Maturity Plan - Series 41 (1498 Days) - Regular Plan
Unrated
Mar-21 1.96 -- -- 0.35 762
HDFC Fixed Maturity Plans - 3360 Days - March 2014 (1) - Regular Plan
Unrated
Mar-14 2.75 6.17 6.54 0.71 736
SBI Fixed Maturity Plan - Series 66 (1361 Days) - Regular Plan
Unrated
Jul-22 -- -- -- -- 561

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.53 13-Apr-2020 - 21-Apr-2020 -3.04 31-Mar-2020 - 07-Apr-2020
Month 6.73 08-Apr-2020 - 08-May-2020 -4.18 06-Mar-2020 - 07-Apr-2020
Quarter 9.21 07-Apr-2020 - 07-Jul-2020 -2.30 27-Nov-2020 - 26-Feb-2021
Year 17.56 09-May-2019 - 08-May-2020 0.26 11-Jun-2021 - 13-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Nippon India FHF XLI - Series 8 Reg-G 5.74 3.95 0.57 0.82 3.87 5.71
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: FMP 6.54 1.94 1.81 5.02 1.81 4.68
Rank within category 30 29 30 31 31 5
Number of funds in category 31 31 31 31 31 31

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

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 15 12 10
Modified Duration (yrs) 5.01 5.57 5.01 --
Average Maturity (yrs) 6.71 7.63 6.68 --
Yield to Maturity (%) 7.71 7.71 6.57 --
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.14% Gujarat State 2029 State Development Loan SOV 46.75 - 50.03 46.75
equal 8.17% Gujarat State 24/04/2029 State Development Loan SOV 29.81 - 31.91 29.81
equal 8.31% Kerala State 13/02/2029 State Development Loan SOV 0.00 - 3.97 3.80
equal 8.14% Gujarat State 20/03/2029 State Development Loan SOV 3.37 - 3.61 3.37
equal 8.08% Tamilnadu State 26/12/2028 State Development Loan SOV 3.36 - 3.62 3.36
equal 8.32% Karnataka State 13/03/2029 State Development Loan SOV 3.14 - 3.37 3.14
equal 8.30% Gujarat State 2029 State Development Loan SOV 0.00 - 2.23 2.20
equal 8.16% Karnataka State 20/03/2029 State Development Loan SOV 1.25 - 1.34 1.25
equal 8.31% Jharkhand State 13/02/2029 State Development Loan SOV 0.80 - 0.85 0.80
equal 8.50% Andhra Pradesh State 28/03/2029 State Development Loan SOV 0.00 - 0.61 0.60
equal 8.19% Karnataka State 23/01/2029 State Development Loan SOV 0.56 - 0.60 0.56
equal 8.36% Rajasthan State 2028 State Development Loan SOV 0.45 - 0.48 0.45
equal 8.36% Goa State 20/02/2029 State Development Loan SOV 0.30 - 0.32 0.30
equal 8.43% Himachal Pradesh State 27/02/2029 State Development Loan SOV 0.20 - 0.21 0.20
equal 8.22% Uttar Pradesh State 16/01/2029 State Development Loan SOV 0.20 - 0.21 0.20
equal Others Margin Money -- - 0.00

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-Jul-2022

*As on 30-Jun-2022

Fund Manager

— Amit Tripathi since 09-Apr-2019

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 Apr 2019

-0.32%

Change from previous, NAV as on 05-Aug-2022

Growth: ₹ 12.9679

IDCW: ₹ 12.9679


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) 3654
Maturity date 27-Apr-2029

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 26-Apr-2019
Return Since Launch: 8.25%
Benchmark: I-SEC Li-BEX
Riskometer: Moderate
Type: Closed-end

Registrar & Transfer Agent: KFin Technologies 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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