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3 star

Nippon India Corporate Bond Fund


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 2.12 -0.02 -0.05 0.49 2.25 2.34 7.48 7.88 7.58 7.92 8.31
VR Bond 0.56 -0.14 -0.14 0.05 1.43 0.72 3.24 7.03 6.54 7.12 7.36
Debt: Corporate Bond 1.36 -0.02 -0.18 0.34 2.13 1.57 6.30 8.36 7.81 8.01 8.16
Rank within category 1 6 2 1 7 1 3 13 10 7 4
Number of funds in category 20 21 21 21 20 20 19 15 13 11 9

As on 17-Jun-2021

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 7.48 7.88 7.58 0.64 2,656
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 7.06 9.44 8.52 0.61 26,184
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 7.36 9.38 8.51 0.46 24,669
ICICI Prudential Corporate Bond Fund  | Invest Now
5 star
Jun-09 6.76 8.76 8.04 0.58 19,871
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
4 star
Sep-07 6.48 8.36 8.09 0.66 9,646

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 7.67 1.49 2.27 2.91 0.29 2.64
VR Bond 6.84 2.05 1.24 1.72 -- --
Debt: Corporate Bond 8.24 2.43 1.84 2.94 0.65 2.29
Rank within category 12 1 4 9 2 7
Number of funds in category 14 14 14 14 14 14

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 62 62 13 101
Modified Duration (yrs) 1.59 2.02 1.39 2.19
Average Maturity (yrs) 2.05 2.72 1.79 2.75
Yield to Maturity (%) 5.27 8.95 4.95 4.97
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
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 3.56 - 7.86 4.87
equal 8.62% Maharashtra State 20/02/2023 State Development Loan SOV 0.00 - 6.03 4.42
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.00 - 5.21 3.77
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 4.34 3.77
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 4.35 3.77
new IndInfravit Trust 2038 Debenture AAA 0.00 - 3.75 3.75
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 6.04 3.74
equal 8.55% L&T Infrastructre Finance 29/11/2022 Non Convertible Debenture AAA 0.00 - 3.10 2.94
equal 9.50% Piramal Capital & Housing Finance 15/04/2022 Debenture AA 0.00 - 3.04 2.89
equal 5.40% Nabha Power 15/05/2023 Debenture AAA 0.00 - 2.98 2.84
equal 6.70% Indian Railway Finance Corporation 24/11/2021 Bonds/NCDs AAA 0.00 - 6.22 2.29
equal 8.79% LIC Housing Fin. 2024 Non Convertible Debenture AAA 0.00 - 3.04 2.25
equal 8.09% Kerala State 2025 State Development Loan SOV 0.00 - 2.13 2.04
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 0.00 - 3.21 2.01
new 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 1.95 1.95
equal REC 13/12/2022 Debenture AAA 0.00 - 2.66 1.95
new 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 1.94 1.94
equal 6.19% Mahindra & Mahindra 2025 Debenture AAA 0.00 - 5.18 1.94
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 1.93 - 11.46 1.93
equal 6.72% NTPC 24/11/2021 Bonds AAA 0.00 - 5.19 1.91
equal Axis Finance 21/12/2022 Non Convertible Debenture AAA 0.00 - 2.55 1.88
equal 4.66% Bajaj Finance 2022 Debenture AAA 0.00 - 2.54 1.87
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 0.00 - 4.97 1.76
equal 8.48% Uttar Pradesh Power Corporation 15/03/2022 Structured Obligation AA 0.00 - 2.38 1.52
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 2.72 1.40

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-2021

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 Nippon India Mutual Fund since 2006.

Funds Managed:


0.00%

Change from previous, NAV as on 18-Jun-2021

Growth: ₹ 46.0664

IDCW Weekly: ₹ 17.0796

More

IDCW Quarterly: ₹ 11.8312

IDCW Monthly: ₹ 11.5333

IDCW Daily: ₹ 17.0734

IDCW: ₹ 14.7584

Bonus: ₹ 32.9003


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 14-Sep-2000
Return Since Launch: 7.63%
Benchmark: NIFTY Short Duration TRI (50), NIFTY Low Duration Debt TRI (50)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,656 Cr (As on 31-May-2021)
Expense: 0.64% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly15-Jun-20210.0287

 08-Jun-20210.0222
 01-Jun-20210.0073
 25-May-20210.0336
 18-May-20210.0156
 11-May-20210.0250
 04-May-20210.0323
 27-Apr-20210.0457
 20-Apr-20210.0149
 15-Apr-20210.0106
 06-Apr-20210.0496
 30-Mar-20210.0341
 23-Mar-20210.0253
 05-Jan-20210.0398
 29-Dec-20200.0220
 22-Dec-20200.0127
 15-Dec-20200.0050
 08-Dec-20200.0171
 01-Dec-20200.0186
 24-Nov-20200.0393
 17-Nov-20200.0272
 10-Nov-20200.0388
 03-Nov-20200.0406
 27-Oct-20200.0268
 20-Oct-20200.0314
IDCW Daily14-Jun-20210.0076

 11-Jun-20210.0077
 10-Jun-20210.0020
 09-Jun-20210.0169
 07-Jun-20210.0115
 04-Jun-20210.0063
 03-Jun-20210.0034
 31-May-20210.0037
 28-May-20210.0002
 27-May-20210.0051
 25-May-20210.0134
 24-May-20210.0059
 21-May-20210.0065
 19-May-20210.0078
 18-May-20210.0089
 17-May-20210.0043
 14-May-20210.0024
 11-May-20210.0113
 10-May-20210.0102
 05-May-20210.0035
 04-May-20210.0018
 03-May-20210.0100
 30-Apr-20210.0099
 29-Apr-20210.0065
 28-Apr-20210.0040
IDCW Monthly20-May-20210.0778

 20-Apr-20210.0735
 22-Mar-20210.0273
 20-Jan-20210.0141
 21-Dec-20200.0300
 20-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
IDCW Quarterly22-Mar-20210.0308

 21-Dec-20200.2674
 21-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
IDCW28-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

Investors' Hangout

Your investment strategy after the debt fund fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM

Registration Over