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Unrated

Nippon India Annual Interval Series I Inst


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.73 0.02 0.12 0.50 1.42 3.28 7.09 7.19 7.61 7.88 --
CCIL T Bill Liquidity Weight 0.45 0.00 0.04 0.33 0.88 1.81 4.08 4.15 4.44 4.78 --
Debt: FMP 0.56 0.01 0.09 0.41 1.16 2.51 5.53 6.46 7.01 7.61 --
Rank within category 1 1 1 1 1 1 3 4 3 4 --
Number of funds in category 23 23 23 23 23 23 23 23 23 23 20

As on 14-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.25 (10-Dec-2008 - 17-Dec-2008) -1.75 (13-Oct-2008 - 20-Oct-2008)
Month 3.01 (21-Nov-2008 - 23-Dec-2008) -2.00 (01-Oct-2008 - 31-Oct-2008)
Quarter 5.87 (31-Oct-2008 - 30-Jan-2009) -0.84 (01-Aug-2008 - 31-Oct-2008)
Year 12.09 (29-Oct-2008 - 30-Oct-2009) 5.01 (01-Nov-2007 - 31-Oct-2008)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.97 0.46 2.85 5.20 0.97 2.86
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: FMP 6.30 0.52 1.77 3.42 0.47 1.39
Rank within category 4 18 2 3 20 3
Number of funds in category 23 23 23 23 23 23

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 8 8 -- 5
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 - 11.66 11.66
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 11.65 11.65
equal Axis Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 11.61 11.61
equal 8.37% National Bank Agr. Rur. Devp 22/06/2020 Debenture AAA 0.00 - 11.65 11.38
equal 7.30% Power Finance Corp. 30/06/2020 Debenture AAA 0.00 - 11.55 11.34
equal 8.87% REC 2020 Bonds AAA 0.00 - 11.63 11.31
equal 9.30% Power Grid Corporation 28/06/2020 Bonds AAA 0.00 - 10.81 10.52
equal 8.80% HDFC 18/06/2020 Debenture AAA 0.00 - 6.14 5.99

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-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

0.02%

Change from previous, NAV as on 14-Feb-2020

Growth: ₹ 20.0640

Dividend: ₹ 10.4014


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 (₹) 1,000
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: 8.30%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 17 Cr (As on 31-Jan-2020)
Expense: -- (As on )
Risk Grade: --
Return Grade: --

Most Recent Dividends

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

 09-Jul-20190.5902
 04-Jul-20180.0044
 03-Jul-20180.4953
 28-Jun-20170.0010
 27-Jun-20170.5538
 21-Jun-20160.0012
 20-Jun-20160.5897
 16-Jun-20150.0014
 15-Jun-20150.6446
 10-Jun-20140.0018
 09-Jun-20140.6518
 04-Jun-20130.0019
 03-Jun-20130.7926
 28-May-20120.8802
 08-May-20090.9440

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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