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Unrated

Nippon India ETF Nifty CPSE Bond Plus SDL - 2024 Maturity


Suitability:

Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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 3.39 -0.12 -0.11 0.49 1.59 3.81 -- -- -- -- --
VR Bond 2.05 0.01 0.22 1.14 1.47 2.43 -- -- -- -- --
Debt: Medium Duration 4.17 -0.10 0.07 0.69 2.41 4.25 -- -- -- -- --
Rank within category 13 17 22 19 14 10 -- -- -- -- --
Number of funds in category 21 22 22 22 21 21 20 14 13 10 7

As on 24-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India ETF Nifty CPSE Bond Plus SDL - 2024 Maturity
Unrated
Nov-20 -- -- -- 0.15 1,622
SBI Magnum Medium Duration Fund  | Invest Online
5 star
Nov-03 6.59 9.88 8.74 1.21 9,555
ICICI Prudential Medium Term Bond Fund  | Invest Now
4 star
Sep-04 7.72 8.81 7.62 1.41 7,006
HDFC Medium Term Debt Fund  | Invest Online
4 star
Feb-02 7.73 8.72 7.42 1.31 3,853
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
Jul-03 4.62 8.40 7.11 1.46 3,805

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.85 17-Mar-2021 - 24-Mar-2021 -0.68 13-Jan-2021 - 20-Jan-2021
Month 1.36 05-Mar-2021 - 06-Apr-2021 -1.58 08-Jan-2021 - 09-Feb-2021
Quarter 3.38 15-Mar-2021 - 14-Jun-2021 -1.18 27-Nov-2020 - 26-Feb-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.70 2.11 1.26 1.76 -- --
Debt: Medium Duration* 5.47 4.84 0.76 1.06 0.46 0.22
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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 52 52 19 39
Modified Duration (yrs) 2.51 3.13 2.51 2.89
Average Maturity (yrs) 2.88 3.65 2.88 3.57
Yield to Maturity (%) 5.06 5.79 4.97 5.71
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 8.96% Tamilnadu State 2024 State Development Loan SOV 8.15 - 13.74 8.15
equal 5.41% Andhra Pradesh State 2024 State Development Loan SOV 7.76 - 14.33 7.76
equal 5.68% Maharashtra State 23/09/2024 State Development Loan SOV 7.53 - 14.49 7.53
equal Hindustan Petroleum Corporation 14/08/2024 Debenture AAA 7.45 - 10.71 7.45
equal 9.17% NTPC 22/09/2024 Debenture AAA 5.50 - 8.94 6.17
equal 9.30% Power Grid Corporation 2024 Bonds AAA 2.77 - 6.38 4.41
equal 9.34% REC 25/08/2024 Debenture AAA 4.33 - 6.34 4.33
equal 9.14% Karnataka State 28/05/2024 State Development Loan SOV 0.00 - 4.54 4.19
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 3.94 - 5.67 3.94
equal 8.10% REC 25/06/2024 Non Convertible Debenture AAA 1.91 - 4.57 3.86
new 5.27% National Bank Agr. Rur. Devp 29/04/2024 Debenture AAA 0.00 - 3.77 3.77
equal 9.01% Maharashtra State 2024 State Development Loan SOV 0.00 - 2.60 2.41
up 8.10% Power Finance Corporation 2024 Non Convertible Debenture AAA 2.15 - 3.26 2.31
equal 9.04% Karnataka State 2024 State Development Loan SOV 0.55 - 2.43 2.25
up 5.74% REC 20/06/2024 Debenture AAA 0.00 - 2.19 2.19
equal 9.39% Power Finance Corporation 27/08/2024 Bonds AAA 2.05 - 3.27 2.05
up 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 0.00 - 1.86 1.86
equal 7.34% Power Grid Corporation 15/07/2024 Bonds/NCDs AAA 0.00 - 2.07 1.63
equal 5.47% Rajasthan State 2024 State Development Loan SOV 1.60 - 2.63 1.60
equal 5.75% Andhra Pradesh State 30/09/2024 State Development Loan SOV 0.00 - 2.06 1.57
equal 5.60% Maharashtra State 2024 State Development Loan SOV 0.00 - 2.05 1.57
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 1.37 - 5.63 1.37
equal 9.11% Rajasthan State 28/05/2024 State Development Loan SOV 0.00 - 1.96 1.36
equal 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 1.63 1.34
equal 8.95% Madhya Pradesh State 24/09/2024 State Development Loan SOV 1.20 - 1.99 1.20

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-Aug-2021

Fund Manager

— Siddharth Deb since 31-Mar-2021

Education: Mr. Deb is a B.Sc and MMS (Finance).

Experience: Prior to joining Nippon India Mutual Fund he has worked with Benchmark Asset Management Co. Pvt. Ltd. and Fullerton India Credit Company Ltd.

Funds Managed:

— Vivek Sharma since 31-Mar-2021

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:


-0.12%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 106.6581


Investment Strategy

The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty CPSE Bond Plus SDL Sep 2024 50:50 Index before expenses.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) --
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 17-Nov-2020
Return Since Launch: 4.23%
Benchmark: Nifty CPSE Bond Plus SDL Sep 2024 50:50 Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,622 Cr (As on 31-Aug-2021)
Expense: 0.15% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: --

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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