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3 star

Nippon India Corporate Bond Fund


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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 9.09 0.03 0.15 0.76 2.63 5.59 9.73 7.97 8.00 8.32 8.54
VR Bond 6.95 0.04 0.01 0.50 1.85 2.40 7.41 7.13 7.21 7.79 7.57
Debt: Corporate Bond 9.58 -0.01 0.18 0.77 2.50 4.78 9.72 7.81 7.90 8.61 8.35
Rank within category 17 1 16 14 9 7 12 10 9 7 3
Number of funds in category 20 21 21 21 20 20 20 15 13 10 8

As on 27-Nov-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Corporate Bond Fund  | Invest Online
3 star
Sep-00 9.73 7.97 8.00 0.70 993
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 11.35 9.27 9.13 0.60 23,494
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 11.76 9.36 9.10 0.44 23,395
IDFC Corporate Bond Fund - Regular Plan
4 star
Jan-16 11.70 8.65 -- 0.58 19,345
ICICI Prudential Corporate Bond Fund  | Invest Now
4 star
Jun-09 10.45 8.76 8.60 0.59 18,906

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.96 (24-Mar-2020 - 31-Mar-2020) -1.35 (12-Mar-2020 - 19-Mar-2020)
Month 2.47 (24-Mar-2020 - 23-Apr-2020) -1.45 (15-Jan-2003 - 14-Feb-2003)
Quarter 4.69 (18-Sep-2001 - 18-Dec-2001) -1.69 (13-May-2004 - 12-Aug-2004)
Year 14.09 (29-Nov-2000 - 29-Nov-2001) 0.36 (14-Oct-2003 - 13-Oct-2004)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.57 1.48 1.75 2.49 0.30 2.06
VR Bond 6.75 2.09 0.85 1.51 -- --
Debt: Corporate Bond 7.34 2.92 1.20 2.31 0.61 1.29
Rank within category 10 2 4 7 3 6
Number of funds in category 15 15 15 15 15 15

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

As on 31-Oct-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 34 34 13 82
Modified Duration (yrs) 1.56 2.02 1.27 2.67
Average Maturity (yrs) 1.84 2.72 1.47 3.35
Yield to Maturity (%) 5.20 9.63 5.20 5.08
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
new 6.70% IRFC 24/11/2021 Bonds/NCDs AAA 0.00 - 6.22 6.22
new 6.72% NTPC 24/11/2021 Bonds AAA 0.00 - 5.19 5.19
new 6.19% Mahindra & Mahindra 2025 Debenture AAA 0.00 - 5.18 5.18
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 11.46 5.11
up 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 4.97 4.75
up 6.65% Motherson Sumi Systems 14/09/2023 Non Convertible Debenture AAA 0.00 - 4.84 4.56
up 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 5.87 4.11
new 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 3.71 3.71
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 3.56 - 8.90 3.56
equal 8.60% India Grid Trust 31/08/2028 Non Convertible Debenture AAA 0.00 - 5.84 3.17
equal 6.99% REC 31/12/2020 Debenture AAA 0.00 - 5.84 3.04
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 5.85 3.04
equal Indian Receivable Trust 25/08/2023 Zero Coupon Bonds A 2.77 - 8.78 2.77
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 2.72 2.72
new 8.15% GOI 2022 Central Government Loan SOV 0.00 - 2.68 2.68
equal 7.75% LIC Housing Fin. 23/07/2024 Debenture AAA 0.00 - 5.05 2.68
new 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.00 - 2.63 2.63
equal 8.25% India Infradebt 20/06/2025 Non Convertible Debenture AAA 0.00 - 6.71 2.63
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 5.87 2.61
new 8.35% Manappuram Finance 18/02/2022 Non Convertible Debenture AA 0.00 - 2.56 2.56
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 4.87 2.53
equal 5.85% Bharat Oman Refineries 13/07/2023 Non Convertible Debenture AA+ 0.00 - 5.65 2.52
new 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 2.15 2.15
new 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 2.10 2.10
new 7.10% Bajaj Finance 2023 Debenture AAA 0.00 - 2.09 2.09

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-Oct-2020

Fund Manager

— 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 27-Nov-2020

Growth: ₹ 44.9332

Dividend Weekly: ₹ 17.1135

More

Dividend Quarterly: ₹ 11.8376

Dividend Monthly: ₹ 11.4693

Dividend Daily: ₹ 17.0959

Dividend: ₹ 14.3954

Bonus: ₹ 32.0910


Investment Strategy

The scheme seeks to generate income through investments predominantly in debt instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 14-Sep-2000
Return Since Launch: 7.72%
Benchmark: NIFTY Short Duration TRI (50), NIFTY Low Duration Debt TRI (50)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 993 Cr (As on 31-Oct-2020)
Expense: 0.70% (As on 31-Oct-2020)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Nov-20200.0046

 26-Nov-20200.0033
 25-Nov-20200.0098
 24-Nov-20200.0025
 23-Nov-20200.0058
 20-Nov-20200.0048
 19-Nov-20200.0152
 18-Nov-20200.0109
 17-Nov-20200.0076
 13-Nov-20200.0078
 12-Nov-20200.0107
 11-Nov-20200.0011
 10-Nov-20200.0060
 09-Nov-20200.0052
 06-Nov-20200.0099
 05-Nov-20200.0111
 04-Nov-20200.0066
 03-Nov-20200.0030
 02-Nov-20200.0043
 29-Oct-20200.0089
 28-Oct-20200.0244
 27-Oct-20200.0050
 26-Oct-20200.0133
 23-Oct-20200.0065
 21-Oct-20200.0019
Dividend Weekly24-Nov-20200.0393

 17-Nov-20200.0272
 10-Nov-20200.0388
 03-Nov-20200.0406
 27-Oct-20200.0268
 20-Oct-20200.0314
 13-Oct-20200.0914
 06-Oct-20200.0402
 29-Sep-20200.0194
 22-Sep-20200.0326
 08-Sep-20200.0094
 01-Sep-20200.0674
 18-Aug-20200.0086
 04-Aug-20200.0301
 21-Jul-20200.0432
 14-Jul-20200.0671
 07-Jul-20200.0927
 30-Jun-20200.0704
 23-Jun-20200.0255
 16-Jun-20200.0614
 09-Jun-20200.0178
 02-Jun-20200.0269
 26-May-20200.0185
 19-May-20200.0657
 21-Apr-20200.0737
Dividend Monthly20-Nov-20200.0881

 20-Oct-20200.1090
 21-Sep-20200.0610
 20-Aug-20200.0260
 20-Jul-20200.1706
 22-Jun-20200.0799
 20-May-20200.0185
 20-Apr-20200.2071
 20-Feb-20200.1052
 20-Jan-20200.0517
 20-Dec-20190.0261
 20-Nov-20190.0342
 22-Oct-20190.0373
 20-Sep-20190.0625
 20-Aug-20190.0472
 22-Jul-20190.0726
 20-Jun-20190.0144
 20-May-20190.0127
 22-Apr-20190.0453
 20-Mar-20190.0536
 20-Feb-20190.0377
 21-Jan-20190.0699
 20-Dec-20180.0506
 20-Nov-20180.0357
 22-Oct-20180.0465
Dividend Quarterly21-Sep-20200.2655

 22-Jun-20200.3474
 20-Mar-20200.2028
 20-Dec-20190.1046
 20-Sep-20190.2063
 20-Jun-20190.0855
 20-Mar-20190.1513
 20-Dec-20180.1588
 21-Sep-20180.1199
 20-Jun-20180.0622
 20-Mar-20180.0995
 20-Dec-20170.1023
 20-Sep-20170.1389
 20-Jun-20170.1420
 20-Mar-20170.1118
 20-Dec-20160.1597
 20-Sep-20160.1837
 20-Jun-20160.1632
 21-Mar-20160.1470
 21-Dec-20150.1525
 21-Sep-20150.1403
 22-Jun-20150.1595
 20-Mar-20150.1408
 22-Dec-20140.1690
 22-Sep-20140.1724
Dividend28-Mar-20160.1980

 29-Dec-20150.1464
 21-Sep-20150.4420
 29-Dec-20140.1645
 22-Sep-20140.4097

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

Last Session

VR Helpline

Critical Investment Decisions

dateSaturday, 28-Nov-2020
time04:00 PM - 04:30 PM

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