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4 star

Nippon India Corporate Bond Fund


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 4.39 0.05 0.06 0.40 0.92 2.44 4.77 7.53 7.04 7.66 8.11
VR Bond 2.74 0.04 0.24 0.91 1.79 2.15 3.22 6.40 5.61 6.75 7.40
Debt: Corporate Bond 3.31 0.03 0.07 0.40 0.83 2.02 3.61 7.97 6.77 7.65 8.01
Rank within category 1 1 12 11 5 3 1 13 7 8 5
Number of funds in category 20 21 21 21 21 21 20 17 13 12 9

As on 29-Nov-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
4 star
Sep-00 4.77 7.53 7.04 0.62% 4,030
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 4.31 8.94 7.64 0.61% 28,807
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 4.27 8.75 7.69 0.46% 20,980
ICICI Prudential Corporate Bond Fund  | Invest Now
5 star
Jun-09 4.47 8.39 7.32 0.58% 20,838
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
4 star
Sep-07 3.93 7.90 7.43 0.69% 10,858

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 7.44 1.52 2.36 3.28 0.30 2.79
VR Bond 6.46 2.13 1.22 1.72 -- --
Debt: Corporate Bond 7.95 2.52 1.84 3.33 0.63 2.44
Rank within category 14 1 4 10 2 8
Number of funds in category 17 17 17 17 17 17

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

As on 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 81 81 44 89
Modified Duration (yrs) 1.69 1.72 1.39 --
Average Maturity (yrs) 2.14 2.22 1.79 --
Yield to Maturity (%) 5.48 5.64 4.95 --
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 9.05% HDFC 20/11/2023 Debenture AAA 0.00 - 3.80 3.73
up Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 3.29 - 6.50 3.57
equal 6.59% Summit Digitel Infrastructure 16/06/2026 Debenture AAA 0.00 - 3.01 2.93
equal 8.62% Maharashtra State 20/02/2023 State Development Loan SOV 0.00 - 6.03 2.86
equal 7.10% Bajaj Finance 2023 Debenture AAA 0.77 - 2.81 2.67
equal 7.70% Larsen & Toubro 28/04/2025 Debenture AAA 0.00 - 2.68 2.63
equal 7.40% Reliance Industries 25/04/2025 Non Convertible Debenture AAA 0.00 - 2.66 2.61
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 0.00 - 3.87 2.54
equal IndInfravit Trust 2038 Debenture AAA 0.00 - 3.75 2.48
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 2.47 - 6.04 2.47
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.91 - 4.34 2.45
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 2.23 2.12
equal 8.55% L&T Infrastructre Finance 29/11/2022 Non Convertible Debenture AAA 0.00 - 3.10 1.93
equal 9.50% Piramal Capital & Housing Finance 15/04/2022 Debenture AA 0.00 - 3.04 1.91
equal 9.53% Indian Bank Additional Tier 2 Bond AAA 0.00 - 2.42 1.90
equal 5.40% Nabha Power 15/05/2023 Debenture AAA 0.00 - 2.98 1.87
new Shriram City Union Finance 21/09/2024 Floating Rate Notes AA 0.00 - 1.87 1.87
new 6.25% Embassy Office Parks REIT 18/10/2024 Debenture AAA 0.00 - 1.86 1.86
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 2.40 1.61
up 8.21% Haryana State 31/03/2025 State Development Loan SOV 0.00 - 1.67 1.39
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 0.00 - 1.39 1.32
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 1.31 - 3.21 1.31
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.00 - 1.37 1.30
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 1.95 1.27
equal REC 13/12/2022 Debenture AAA 0.00 - 2.66 1.27

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-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:


0.05%

Change from previous, NAV as on 29-Nov-2021

Growth: ₹ 47.0907

IDCW Weekly: ₹ 17.1032

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IDCW Quarterly: ₹ 11.6994

IDCW Monthly: ₹ 11.5095

IDCW Daily: ₹ 17.0959

IDCW: ₹ 15.0866

Bonus: ₹ 33.6318


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: 7.57%
Benchmark: NIFTY Short Duration Index (50), NIFTY Low Duration Debt Index (50)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,030 Cr (As on 31-Oct-2021)
Expense: 0.62% (As on 31-Oct-2021)
Risk Grade: Low
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily29-Nov-20210.0073

 23-Nov-20210.0033
 22-Nov-20210.0072
 18-Nov-20210.0010
 15-Nov-20210.0049
 12-Nov-20210.0038
 11-Nov-20210.0047
 10-Nov-20210.0019
 09-Nov-20210.0060
 08-Nov-20210.0078
 25-Oct-20210.0070
 22-Oct-20210.0037
 21-Oct-20210.0059
 18-Oct-20210.0054
 14-Oct-20210.0038
 13-Oct-20210.0038
 23-Sep-20210.0070
 22-Sep-20210.0011
 20-Sep-20210.0081
 17-Sep-20210.0015
 16-Sep-20210.0023
 15-Sep-20210.0020
 14-Sep-20210.0021
 13-Sep-20210.0065
 09-Sep-20210.0031
IDCW Monthly22-Nov-20210.0323

 20-Oct-20210.0106
 20-Sep-20210.0509
 20-Aug-20210.0730
 20-Jul-20210.0642
 21-Jun-20210.0462
 20-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
IDCW Weekly23-Nov-20210.0147

 16-Nov-20210.0122
 09-Nov-20210.0273
 26-Oct-20210.0083
 20-Oct-20210.0084
 12-Oct-20210.0028
 28-Sep-20210.0047
 21-Sep-20210.0138
 14-Sep-20210.0139
 07-Sep-20210.0244
 31-Aug-20210.0226
 24-Aug-20210.0240
 17-Aug-20210.0370
 10-Aug-20210.0121
 03-Aug-20210.0168
 27-Jul-20210.0275
 20-Jul-20210.0487
 13-Jul-20210.0335
 15-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
IDCW Quarterly20-Sep-20210.1778

 21-Jun-20210.2115
 22-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
IDCW28-Mar-20160.1980

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

Contact Information

AMC: Nippon Life India Asset Management Ltd.

Address: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai - 400013

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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