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Unrated

Nippon India Annual Interval Series I Retail


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from 3 months to 5 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.

If you are looking to invest for a defined tenure during which you are sure you will not need to redeem your money, you may consider investing in an FMP of a matching duration. But avoid them if your investment horizon is more than 3 years. We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. That makes FMPs unsuitable.

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 2.65 0.01 0.06 0.25 1.05 2.46 6.00 6.97 7.26 7.65 7.96
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: FMP 2.06 0.01 0.07 0.27 0.94 1.96 4.68 6.05 6.60 7.30 7.67

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 Annual Interval Series I Retail
Unrated
May-07 6.00 6.97 7.26 0.07 17

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.24 (10-Dec-2008 - 17-Dec-2008) -1.76 (13-Oct-2008 - 20-Oct-2008)
Month 2.96 (21-Nov-2008 - 23-Dec-2008) -2.05 (01-Oct-2008 - 31-Oct-2008)
Quarter 5.73 (31-Oct-2008 - 30-Jan-2009) -0.98 (01-Aug-2008 - 31-Oct-2008)
Year 11.62 (29-Oct-2008 - 30-Oct-2009) 4.58 (01-Nov-2007 - 31-Oct-2008)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.79 0.51 2.94 4.94 1.01 2.73
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: FMP 5.92 0.65 1.22 2.12 0.41 1.12

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 8 8 -- 6
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 11.67 11.66
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 11.66 11.66
equal Axis Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 11.63 11.63
equal 7.30% Power Finance Corp. 30/06/2020 Debenture AAA 0.00 - 11.55 11.11
equal 8.37% National Bank Agr. Rur. Devp 22/06/2020 Debenture AAA 0.00 - 11.65 11.11
equal 9.30% Power Grid Corporation 28/06/2020 Bonds AAA 0.00 - 10.81 10.24
equal Indusind Bank 23/06/2020 Certificate of Deposit A1+ 0.00 - 9.30 9.30
equal 8.80% HDFC 18/06/2020 Debenture AAA 0.00 - 6.14 5.84

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

— Amit Tripathi since 30-Apr-2007

Education: Mr. Tripathi is a B.Com (H) and PGDM.

Experience: Prior to joining Reliance 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 Mar 2007
  • FMPs - since Jan 2014

0.01%

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

Growth: ₹ 27.5718

Dividend: ₹ 10.5987


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 (₹) 5,000
Minimum Addl Investment (₹) --
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) 5,000
Exit Load 2%

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 03-May-2007
Return Since Launch: 7.99%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 17 Cr (As on 31-May-2020)
Expense: 0.07% (As on 30-Sep-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend10-Jul-20190.0011

 09-Jul-20190.5904
 04-Jul-20180.0044
 03-Jul-20180.4954
 28-Jun-20170.0011
 27-Jun-20170.5526
 21-Jun-20160.0012
 20-Jun-20160.5897
 16-Jun-20150.0014
 15-Jun-20150.6446
 10-Jun-20140.0018
 09-Jun-20140.6524
 04-Jun-20130.0018
 03-Jun-20130.7642
 28-May-20120.8646
 23-May-20110.5868
 14-May-20100.4865
 08-May-20090.8042
 05-May-20080.0993
 26-Mar-20080.7945

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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