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Unrated

Nippon India Low Duration Fund - Retail Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. 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 is negligible but they do not guarantee returns or safety of capital.

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.

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 5.40 0.02 0.11 0.34 1.90 4.41 7.60 6.70 7.03 7.53 7.87
CCIL T Bill Liquidity Weight 2.45 0.02 0.02 0.17 0.56 1.65 3.48 4.01 4.19 4.68 4.76
Debt: Low Duration 4.72 0.02 0.10 0.30 3.67 5.38 6.44 5.04 6.10 6.80 7.43

As on 18-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Low Duration Fund - Retail Plan
Unrated
Mar-07 7.60 6.70 7.03 0.55 6,520
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 8.44 7.90 8.16 0.61 19,725
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 7.90 7.54 7.67 1.22 14,808
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 7.24 7.51 7.65 1.07 10,361
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 8.48 7.80 8.11 1.12 9,297

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.68 (24-Mar-2020 - 31-Mar-2020) -1.92 (03-Jun-2019 - 10-Jun-2019)
Month 2.10 (24-Mar-2020 - 23-Apr-2020) -1.44 (31-May-2019 - 01-Jul-2019)
Quarter 3.52 (24-Mar-2020 - 24-Jun-2020) -0.31 (02-Apr-2019 - 02-Jul-2019)
Year 9.77 (24-Jul-2013 - 24-Jul-2014) 4.62 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.52 1.59 0.87 0.76 0.31 1.75
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Low Duration 5.15 4.37 1.06 2.22 -0.82 -0.94

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

As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 74 76 41 55
Modified Duration (yrs) 0.83 0.94 0.65 0.78
Average Maturity (yrs) 0.97 1.81 0.73 0.91
Yield to Maturity (%) 5.20 9.44 5.20 4.92

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 8.12% GOI 2020 Central Government Loan SOV 0.00 - 16.74 5.90
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 4.03 - 11.42 4.03
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 3.94 3.94
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 8.23 3.88
new Reserve Bank of India 182-D 18/02/2021 Treasury Bills SOV 0.00 - 3.70 3.70
up 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 3.56 3.56
equal India Grid Trust 14/02/2029 Non Convertible Debenture AAA 3.48 - 6.97 3.49
new MRPL 90-D 18/11/2020 Commercial Paper A1+ 0.00 - 2.44 2.44
new Axis Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 2.28 2.28
new Piramal Enterprises 90-D 19/11/2020 Commercial Paper A1+ 0.00 - 2.26 2.26
down National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 5.76 2.23
down 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 5.34 2.19
new 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 2.96 2.07
new 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 2.22 1.94
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 5.05 1.93
new Hindustan Zinc 365-D 10/08/2021 Commercial Paper A1+ 0.00 - 1.84 1.84
new 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 1.58 1.58
equal 6.60% REC 21/03/2022 Debenture AAA 0.00 - 3.50 1.57
down 7.68% GOI 15/12/2023 GOI Securities SOV 0.00 - 4.64 1.57
equal 8.30% L&T Housing Finance 29/11/2021 Non Convertible Debenture AAA 0.00 - 4.12 1.56
up 6.94% Bajaj Housing Finance 25/03/2022 Bonds/NCDs AAA 0.00 - 1.72 1.56
equal 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 1.94 1.54
equal Shriram City Union Finance 21/09/2021 Debenture AA+ 1.53 - 4.37 1.53
new National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 1.51 1.51
equal Export-Import Bank 218-D 04/03/2021 Commercial Paper A1+ 0.00 - 1.89 1.51

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-2020

Fund Manager

— Anju Chhajer since 09-Oct-2009

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

Experience: Prior to joining Reliance 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 01-Feb-2020

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

Experience: He has been associated with Reliance AMC since 2006.

Funds Managed:


0.02%

Change from previous, NAV as on 18-Sep-2020

Growth: ₹ 2,719.4878

Dividend Weekly: ₹ 1,009.3066

More

Dividend Quarterly: ₹ 1,028.3384

Dividend Monthly: ₹ 1,018.8765

Dividend Daily: ₹ 1,008.9537

Bonus: ₹ 2,026.5233


Investment Strategy

The scheme aims to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 5,000
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 20-Mar-2007
Return Since Launch: 7.69%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 6,520 Cr (As on 31-Aug-2020)
Expense: 0.55% (As on 28-Feb-2017)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily18-Sep-20200.1496

 17-Sep-20200.1496
 16-Sep-20200.0065
 15-Sep-20200.1506
 14-Sep-20200.2842
 11-Sep-20200.0468
 09-Sep-20200.1528
 08-Sep-20200.1992
 07-Sep-20200.4511
 04-Sep-20200.1521
 03-Sep-20200.1528
 02-Sep-20200.1611
 01-Sep-20200.1616
 31-Aug-20200.4102
 28-Aug-20200.1639
 27-Aug-20200.0454
 25-Aug-20200.0835
 24-Aug-20200.4442
 21-Aug-20200.1564
 20-Aug-20200.1601
 19-Aug-20200.1741
 18-Aug-20200.1795
 17-Aug-20200.5124
 14-Aug-20200.1709
 13-Aug-20200.1766
Dividend Weekly15-Sep-20200.6345

 08-Sep-20201.1169
 01-Sep-20200.7813
 25-Aug-20201.0188
 18-Aug-20201.2107
 11-Aug-20201.1306
 04-Aug-20200.9428
 28-Jul-20201.2025
 21-Jul-20201.2346
 14-Jul-20201.2271
 07-Jul-20201.3787
 30-Jun-20202.7486
 23-Jun-20204.4306
 16-Jun-20202.3465
 09-Jun-20200.2725
 02-Jun-20202.5228
 26-May-20203.2409
 19-May-20201.7248
 21-Apr-20202.9332
 07-Apr-20200.2497
 31-Mar-20202.5288
 11-Mar-20201.1193
 03-Mar-20200.9327
 25-Feb-20200.9611
 18-Feb-20200.9996
Dividend Monthly19-Aug-20203.1950

 20-Jul-20209.2126
 19-Jun-20208.1838
 20-Apr-202011.8198
 20-Feb-20205.4764
 20-Jan-20203.8500
 19-Dec-20191.9970
 19-Nov-20193.8532
 22-Oct-20195.3231
 19-Sep-20195.4106
 19-Aug-20193.9688
 20-May-20193.4199
 22-Apr-20195.9672
 19-Mar-20195.8824
 20-Feb-20194.5313
 21-Jan-20196.1646
 19-Dec-20185.6434
 19-Nov-20184.2619
 19-Oct-20184.6572
 19-Sep-20182.1309
 20-Aug-20184.3011
 19-Jul-20184.9350
 19-Jun-20185.4514
 21-May-20180.5624
 19-Apr-20185.1695
Dividend Quarterly19-Jun-202026.0900

 19-Mar-202015.4066
 19-Dec-201914.9486
 19-Sep-201918.0419
 19-Jun-20193.7817
 19-Mar-201914.7624
 19-Dec-201814.5930
 19-Sep-201812.2464
 19-Jun-20188.6830
 19-Mar-201810.1221
 19-Dec-20179.7349
 19-Sep-201712.6440
 19-Jun-201713.2109
 20-Mar-201711.6133
 19-Dec-201614.2286
 19-Sep-201613.8320
 20-Jun-201616.0575
 21-Mar-201612.5577
 21-Dec-201514.2122
 21-Sep-201514.1810
 19-Jun-201516.6979
 19-Mar-201514.4489
 19-Dec-201415.8708
 19-Sep-201416.2077
 19-Jun-201418.9199

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]iamf.com

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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