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Nippon India Low Duration Fund

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Debt: Low Duration

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1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 0.32 0.00 0.04 0.17 0.63 2.32 6.11 7.00 7.20 7.59 8.14
CCIL T Bill Liquidity Weight 0.29 0.01 0.01 0.18 0.43 1.07 2.84 3.75 3.97 4.39 4.68
Debt: Low Duration 0.30 0.00 0.03 0.18 0.68 2.15 5.90 5.14 6.04 6.64 7.48
Rank within category 8 6 6 13 7 4 12 10 10 8 6
Number of funds in category 24 24 24 24 24 24 24 24 23 21 19

As on 26-Feb-2021

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  | Invest Online
3 star
 Mar-07 6.11 7.00 7.20 1.04 8,699
ICICI Prudential Savings Fund  | Invest Now
5 star
 Sep-02 7.57 7.99 7.99 0.55 26,706
HDFC Low Duration Fund  | Invest Online
4 star
 Nov-99 7.22 7.42 7.40 1.04 25,667
SBI Magnum Low Duration Fund  | Invest Online
4 star
 Jul-07 5.90 7.27 7.32 1.01 15,616
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
 May-98 6.62 7.45 7.39 1.17 15,505

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.68 24-Mar-2020 - 31-Mar-2020 -1.92 03-Jun-2019 - 10-Jun-2019
Month 2.11 24-Mar-2020 - 23-Apr-2020 -1.40 31-May-2019 - 01-Jul-2019
Quarter 3.54 24-Mar-2020 - 24-Jun-2020 -0.19 02-Apr-2019 - 02-Jul-2019
Year 10.11 24-Jul-2013 - 24-Jul-2014 4.95 15-Jul-2009 - 15-Jul-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.89 1.61 1.38 1.19 0.66 2.84
CCIL T Bill Liquidity Weight 3.72 0.36 -2.62 -5.07 -- --
Debt: Low Duration 5.06 4.40 1.23 2.26 -0.44 -0.02
Rank within category 10 14 13 14 13 13
Number of funds in category 25 25 25 25 25 25

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

As on 31-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 77 81 41 59
Modified Duration (yrs) 0.79 0.94 0.73 --
Average Maturity (yrs) 0.97 1.81 0.83 --
Yield to Maturity (%) 4.78 9.44 4.29 --
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 Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 7.57 7.12
up 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 5.27 4.14
equal Axis Bank 28/05/2021 Certificate of Deposit A1+ 0.00 - 3.93 3.69
up 7.94% GOI 24/05/2021 Central Government Loan SOV 0.00 - 3.42 3.42
equal HDFC 166-D 17/05/2021 Commercial Paper A1+ 0.00 - 3.63 3.41
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 1.72 - 5.05 3.23
down 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 5.34 3.17
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 3.00 - 11.42 3.13
new 8.07% Bajaj Housing Finance 2022 Non Convertible Debenture AAA 0.00 - 2.99 2.99
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.57 - 8.23 2.93
equal Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 3.02 2.84
equal India Grid Trust 14/02/2029 Non Convertible Debenture AAA 2.51 - 6.97 2.59
equal 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 3.83 2.34
equal 8.15% GOI 2022 Central Government Loan SOV 0.00 - 2.47 2.30
new LIC Housing Fin. 164-D 21/06/2021 Commercial Paper A1+ 0.00 - 2.27 2.27
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 1.84 1.72
equal Piramal Enterprises 22/02/2021 Commercial Paper A1+ 0.00 - 1.82 1.72
equal Hindustan Zinc 2021 Commercial Paper A1+ 0.00 - 1.81 1.70
equal 6.70% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 0.00 - 2.01 1.62
equal Hindustan Zinc 365-D 10/08/2021 Commercial Paper A1+ 0.00 - 2.28 1.41
equal 9.50% Muthoot Finance 27/12/2021 Debenture AA 0.00 - 1.64 1.30
up 7.40% Muthoot Finance 2024 Debenture AA 0.00 - 1.27 1.27
equal 6.60% REC 21/03/2022 Debenture AAA 0.00 - 3.50 1.18
equal 6.94% Bajaj Housing Finance 25/03/2022 Bonds/NCDs AAA 0.00 - 1.93 1.18
equal 8.30% L&T Housing Finance 29/11/2021 Non Convertible Debenture AAA 1.14 - 4.12 1.17

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-Jan-2021

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:

Invest Online
0.00%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 2,906.2060

Dividend Weekly: ₹ 1,009.0288

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Dividend Quarterly: ₹ 1,017.6834

Dividend Monthly: ₹ 1,018.9951

Dividend Daily: ₹ 1,008.6565

Dividend: ₹ 1,594.1237

Bonus: ₹ 1,687.3605

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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 20-Mar-2007
Return Since Launch: 7.95%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 8,699 Cr (As on 31-Jan-2021)
Expense: 1.04% (As on 31-Jan-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily26-Feb-20210.0323

 25-Feb-20210.2141
 24-Feb-20210.1360
 22-Feb-20210.2739
 18-Feb-20210.1348
 17-Feb-20210.2208
 16-Feb-20210.3325
 15-Feb-20210.4224
 12-Feb-20210.2171
 11-Feb-20210.2005
 10-Feb-20210.0011
 08-Feb-20210.3246
 04-Feb-20210.1034
 03-Feb-20210.0597
 02-Feb-20210.1376
 01-Feb-20210.3754
 29-Jan-20210.1565
 28-Jan-20210.0087
 27-Jan-20210.2029
 25-Jan-20210.4315
 22-Jan-20210.1413
 21-Jan-20210.1416
 20-Jan-20210.1208
 19-Jan-20210.1438
 18-Jan-20210.4309
Dividend Monthly22-Feb-20211.2217

 19-Jan-20211.7491
 21-Dec-20202.6629
 19-Nov-20204.7157
 19-Oct-20205.5319
 21-Sep-20202.6689
 19-Aug-20203.2417
 20-Jul-20209.2547
 19-Jun-20208.2268
 20-Apr-202013.3881
 20-Feb-20205.5133
 20-Jan-20203.9441
 19-Dec-20192.2416
 19-Nov-20194.0693
 22-Oct-20195.5636
 19-Sep-20195.6622
 19-Aug-20194.2320
 20-May-20193.6805
 22-Apr-20196.2827
 19-Mar-20196.1294
 20-Feb-20194.8103
 21-Jan-20196.4750
 19-Dec-20185.9191
 19-Nov-20184.5302
 19-Oct-20184.9477
Dividend Weekly23-Feb-20210.5063

 16-Feb-20211.2792
 09-Feb-20210.3814
 02-Feb-20210.6778
 27-Jan-20211.0376
 19-Jan-20210.9340
 12-Jan-20210.7553
 05-Jan-20210.5497
 29-Dec-20200.8209
 22-Dec-20200.8119
 15-Dec-20200.9827
 08-Dec-20201.1191
 01-Dec-20201.0176
 24-Nov-20200.9983
 17-Nov-20201.0202
 10-Nov-20201.1098
 03-Nov-20200.9840
 27-Oct-20201.0191
 20-Oct-20200.9667
 13-Oct-20200.9910
 06-Oct-20200.9955
 29-Sep-20200.7642
 22-Sep-20201.0122
 15-Sep-20200.6502
 08-Sep-20201.1323
Dividend Quarterly21-Dec-202012.7462

 21-Sep-202018.7683
 19-Jun-202026.2556
 19-Mar-20205.1690
 19-Dec-201915.0700
 19-Sep-201918.6673
 19-Jun-20193.7097
 19-Mar-201915.4006
 19-Dec-201815.2320
 19-Sep-201812.9532
 19-Jun-20189.3816
 19-Mar-201810.7298
 19-Dec-201710.3844
 19-Sep-201713.2586
 19-Jun-201713.8045
 20-Mar-201712.2348
 19-Dec-201614.8104
 19-Sep-201614.3459
 20-Jun-201614.8818
 21-Mar-201613.1296
 21-Dec-201514.6605
 21-Sep-201514.7324
 19-Jun-201516.5232
 19-Mar-201514.4559
 19-Dec-201415.9684
Dividend19-Sep-201457.8673

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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