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3 star

Nippon India Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 4.42 0.03 0.24 1.34 2.59 4.13 8.83 7.24 7.56 8.01 8.27
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 4.70 4.78
Debt: Low Duration 3.24 0.03 1.36 2.28 2.86 3.01 6.17 4.99 6.05 6.73 7.21
Rank within category 16 11 19 13 20 16 9 12 11 7 6
Number of funds in category 25 25 25 25 25 25 25 25 24 22 17

As on 09-Jul-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 8.83 7.24 7.56 1.05 2,452
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 9.22 8.06 8.27 0.50 18,250
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 8.44 7.75 7.83 1.04 8,727
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 9.36 7.93 8.22 1.07 5,969
Axis Treasury Advantage Fund  | Invest Online
5 star
Oct-09 8.93 7.96 7.93 0.58 4,955

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 6.96 1.59 1.04 0.91 0.37 2.11
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 4.56 3.72 0.95 1.91 0.20 -0.50
Rank within category 12 14 13 13 10 11
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 39 57 39 46
Modified Duration (yrs) 0.87 0.94 0.65 --
Average Maturity (yrs) 1.13 1.81 0.73 --
Yield to Maturity (%) 8.09 9.44 7.20 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 5.23 - 11.42 11.00
down Piramal Enterprises 90-D 18/06/2020 Commercial Paper A1+ 0.00 - 10.29 9.75
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 8.23 8.23
equal 8.33% Panchshil Corporate Park 2022 Debenture AAA 3.92 - 7.87 7.87
up 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 5.05 5.05
equal India Grid Trust 14/02/2029 Non Convertible Debenture AAA 3.83 - 6.97 4.16
equal 8.30% L&T Housing Finance 29/11/2021 Non Convertible Debenture AAA 0.00 - 4.12 4.12
equal Shriram City Union Finance 21/09/2021 Debenture AA+ 3.04 - 4.37 4.05
up 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 3.38 3.38
new Clix Capital Services 17/12/2021 Non Convertible Debenture AA- 0.00 - 3.07 3.07
new 6.60% REC 21/03/2022 Debenture AAA 0.00 - 3.07 3.07
equal Magma Fincorp 28/06/2023 Zero Coupon Bonds AAA 1.85 - 3.28 2.99
equal Reliance Industries 362-D 25/01/2021 Commercial Paper A1+ 0.00 - 4.62 2.97
down Indiabulls Housing Finance 2020 Securitised Debt AA 0.00 - 5.32 2.85
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 2.52 2.52
equal First Business Receivable Trust Securitised Debt AAA 0.40 - 0.77 2.28
equal 7.70% Orix Leasing & Financial Services 21/09/2020 Non Convertible Debenture AAA 0.00 - 2.04 2.04
new 9.25% Muthoot Fincorp 21/05/2023 Non Convertible Debenture AA+ 0.00 - 2.02 2.02
new Reliance Industries 179-D 28/08/2020 Commercial Paper A1+ 0.00 - 2.02 2.02
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 1.97 1.97
new Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 1.96 1.96
equal KKR India Financial Services 14/03/2021 Debenture AA 0.00 - 1.58 1.58
down Indian Receivable Trust 25/09/2026 Securitised Debt A 0.00 - 3.02 1.25
equal Indian Receivable Trust 26/08/2020 Zero Coupon Bonds A 1.02 - 7.18 1.02
new Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 1.01 1.01

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-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:


0.03%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 2,819.5834

Dividend Weekly: ₹ 1,009.8206

More

Dividend Quarterly: ₹ 1,018.3424

Dividend Monthly: ₹ 1,019.2490

Dividend Daily: ₹ 1,009.5829

Dividend: ₹ 1,546.6091

Bonus: ₹ 1,637.0668


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: 8.10%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,452 Cr (As on 31-May-2020)
Expense: 1.05% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-Jul-20200.1884

 08-Jul-20200.1801
 07-Jul-20200.3538
 06-Jul-20200.5204
 03-Jul-20200.1759
 02-Jul-20200.1779
 01-Jul-20200.1664
 30-Jun-20200.0267
 29-Jun-20201.0625
 26-Jun-20200.8581
 25-Jun-20200.4726
 24-Jun-20200.3896
 23-Jun-20200.6041
 22-Jun-20200.0674
 19-Jun-20201.9095
 18-Jun-20201.1328
 17-Jun-20200.7264
 16-Jun-20200.7108
 15-Jun-20201.1305
 12-Jun-20200.2454
 11-Jun-20200.2742
 09-Jun-20200.0908
 01-Jun-20200.9893
 29-May-20200.0701
 28-May-20200.1210
Dividend Weekly07-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
 11-Feb-20201.3243
 04-Feb-20201.2069
 28-Jan-20201.0870
 21-Jan-20201.1522
 14-Jan-20200.9579
 07-Jan-20201.4894
 31-Dec-20190.8355
 24-Dec-20191.0362
 17-Dec-20190.8516
 10-Dec-20190.1315
Dividend Monthly19-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
 19-Mar-20184.6533
 20-Feb-20183.9635
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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