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3 star

Nippon India Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 5.46 0.02 0.11 0.34 1.92 4.45 7.81 7.10 7.46 7.93 8.27
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
Rank within category 13 7 12 8 11 17 8 11 12 9 7
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

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  | Invest Online
3 star
Mar-07 7.81 7.10 7.46 1.04 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 2.11 (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 6.90 1.59 1.11 0.97 0.36 2.18
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
Rank within category 12 14 13 13 11 12
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-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: ₹ 2,847.5445

Dividend Weekly: ₹ 1,009.1338

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Dividend Quarterly: ₹ 1,028.4399

Dividend Monthly: ₹ 1,016.7817

Dividend Daily: ₹ 1,008.9532

Dividend: ₹ 1,561.9465

Bonus: ₹ 1,653.3015


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 (₹) --
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 20-Mar-2007
Return Since Launch: 8.05%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 6,520 Cr (As on 31-Aug-2020)
Expense: 1.04% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily18-Sep-20200.1520

 17-Sep-20200.1521
 16-Sep-20200.0090
 15-Sep-20200.1531
 14-Sep-20200.2913
 11-Sep-20200.0515
 09-Sep-20200.1551
 08-Sep-20200.2018
 07-Sep-20200.4581
 04-Sep-20200.1544
 03-Sep-20200.1552
 02-Sep-20200.1635
 01-Sep-20200.1641
 31-Aug-20200.4170
 28-Aug-20200.1665
 27-Aug-20200.0502
 25-Aug-20200.0860
 24-Aug-20200.4518
 21-Aug-20200.1587
 20-Aug-20200.1625
 19-Aug-20200.1766
 18-Aug-20200.1820
 17-Aug-20200.5193
 14-Aug-20200.1734
 13-Aug-20200.1791
Dividend Weekly15-Sep-20200.6502

 08-Sep-20201.1323
 01-Sep-20200.7970
 25-Aug-20201.0343
 18-Aug-20201.2260
 11-Aug-20201.1423
 04-Aug-20200.9588
 28-Jul-20201.2180
 21-Jul-20201.2502
 14-Jul-20201.2426
 07-Jul-20201.3938
 30-Jun-20202.9427
 23-Jun-20204.4462
 16-Jun-20202.3623
 09-Jun-20200.2864
 02-Jun-20202.5385
 26-May-20203.2568
 19-May-20201.7877
 21-Apr-20202.9645
 07-Apr-20200.2643
 31-Mar-20202.4888
 11-Mar-20201.1320
 03-Mar-20200.9437
 25-Feb-20200.9720
 18-Feb-20201.0105
Dividend Monthly19-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
 19-Sep-20182.4266
 20-Aug-20184.6032
 19-Jul-20185.2150
 19-Jun-20185.7221
 21-May-20180.8434
 19-Apr-20185.4358
Dividend Quarterly19-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
 19-Sep-201416.4016
 19-Jun-201419.1151
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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