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Nippon India Ultra Short Duration Fund - Segregated Portfolio 1 - Direct Plan


"Ultra Short Duration debt funds invest in bonds maturing in three to six months. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run."

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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -- 265.31 -- -- -- -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- -0.01 -- -- -- -- -- -- -- -- --
Debt: Ultra Short Duration -- 0.03 -- -- -- -- -- -- -- -- --

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 Ultra Short Duration Fund - Segregated Portfolio 1 - Direct Plan
Sep-19 -- -- -- -- 24
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.09 6.72 6.91 0.34% 16,758
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.88 6.35 -- 0.34% 16,432
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.64 6.17 6.61 0.33% 13,153
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.55 6.02 6.53 0.31% 11,569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 265.31 05-Mar-2021 - 12-Mar-2021 -24.26 23-Dec-2019 - 30-Dec-2019
Month 265.31 10-Feb-2021 - 12-Mar-2021 -24.26 29-Nov-2019 - 30-Dec-2019
Quarter 265.31 11-Dec-2020 - 12-Mar-2021 -24.26 30-Sep-2019 - 30-Dec-2019
Year 195.09 12-Mar-2020 - 12-Mar-2021 -38.82 09-Oct-2019 - 08-Oct-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration* 5.68 1.35 2.25 5.69 1.05 2.53

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

As on

* As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 1 1 1
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 0.07 0.57 0.07 --
Yield to Maturity (%) 10.75 10.75 10.75 --
Avg Credit Rating BBB -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 10.50% Altico Capital India 26/03/2021 Non Convertible Debenture D 49.99 - 50.00 49.99

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 28-Feb-2021

Fund Manager

— Anju Chhajer since 25-Sep-2019

Education: Ms. Chhajer is a B.Com (H) and a Chartered Accountant.

Experience: Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.

Funds Managed:

— Vivek Sharma since 25-Sep-2019

Education: Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).

Experience: He has been associated with Nippon India Mutual Fund since 2006.

Funds Managed:


Change from previous, NAV as on 12-Mar-2021

IDCW Daily: ₹ 36.4973

IDCW Weekly: ₹ 35.8139


IDCW Quarterly: ₹ 33.7934

IDCW Monthly: ₹ 32.9464

Growth: ₹ 101.7520

Investment Strategy

The Scheme seeks to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt and money market instruments.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 25-Sep-2019
Return Since Launch: --
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 24 Cr (As on 28-Feb-2021)
Expense: -- (As on )
Risk Grade: --
Return Grade: --

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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