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Nippon India Fixed Horizon Fund XLIII - Series 1 - Direct Plan download report


Debt: FMP

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 XLIII - Series 1 Direct-G -1.14 0.08 0.34 0.72 -2.05 -1.14 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.86 0.02 0.06 0.22 0.29 0.86 -- -- -- -- --
Debt: FMP 0.88 0.05 0.16 0.50 -0.31 0.88 -- -- -- -- --
Rank within category 69 25 6 10 76 69 -- -- -- -- --
Number of funds in category 87 98 98 98 97 87 70 34 3 3 0

As on 30-Jun-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 XLIII - Series 1 - Direct Plan
Unrated
Aug-21 -- -- -- 0.05% 182
HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Direct Plan
Unrated
Sep-18 6.36 9.72 -- 0.25% 824
SBI Fixed Maturity Plan - Series 41 (1498 Days) - Direct Plan
Unrated
Mar-21 2.13 -- -- 0.15% 752
HDFC Fixed Maturity Plans - 3360 Days - March 2014 (1) - Direct Plan
Unrated
Mar-14 3.27 6.66 6.87 0.61% 730
SBI Debt Fund Series C-48 (1177 Days) - Direct Plan
Unrated
Mar-19 4.18 7.42 -- 0.15% 472

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.98 04-Feb-2022 - 14-Feb-2022 -1.70 02-May-2022 - 09-May-2022
Month 1.14 24-Aug-2021 - 23-Sep-2021 -3.10 06-Apr-2022 - 06-May-2022
Quarter 1.63 26-Aug-2021 - 25-Nov-2021 -2.55 08-Mar-2022 - 07-Jun-2022
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Nippon India FHF XLIII - Series 1 Direct-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.69 0.37 -2.20 -4.41 -- --
Debt: FMP* 7.32 2.32 2.06 6.25 1.12 4.73
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-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 10 10 8 9
Modified Duration (yrs) 3.37 3.92 3.37 0.43
Average Maturity (yrs) 4.11 4.79 4.11 0.35
Yield to Maturity (%) 6.88 6.88 5.93 4.29
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 8.08% Maharashtra State 15/06/2026 State Development Loan SOV 40.40 - 42.77 40.40
equal 8.09% Andhra Pradesh State 15/06/2026 State Development Loan SOV 31.54 - 33.38 31.54
equal 8.05% Gujarat State 15/06/2026 State Development Loan SOV 14.06 - 14.89 14.06
equal 8.07% Tamilnadu State 15/06/2026 State Development Loan SOV 5.14 - 5.44 5.14
equal 7.72% Tamilnadu State 22/02/2026 State Development Loan SOV 0.00 - 2.85 2.77
equal 7.98% Gujarat State 2026 State Development Loan SOV 0.79 - 0.83 0.79
equal 7.98% Gujarat State 25/05/2026 State Development Loan SOV 0.56 - 0.59 0.56
equal 8.65% Rajasthan State 24/02/2026 State Development Loan SOV 0.00 - 0.54 0.52
equal 7.96% Maharashtra State 29/06/2026 State Development Loan SOV 0.28 - 0.30 0.28
equal 8.01% Tamilnadu State 2026 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-May-2022

*As on 30-Apr-2022

Fund Manager

— Amit Tripathi since 13-Aug-2021

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

0.08%

Change from previous, NAV as on 30-Jun-2022

Growth: ₹ 10.0823

IDCW: ₹ 10.0823


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) 1755
Maturity date

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 19-Aug-2021
Return Since Launch: 0.82%
Benchmark: CRISIL Medium Term Debt Index
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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