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3 star

Nippon India Prime Debt Fund


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 6.00 0.03 0.05 0.50 3.17 4.25 8.72 7.55 7.91 8.38 8.42
VR Bond 5.84 -0.07 -0.05 0.32 2.01 4.49 6.99 6.90 7.46 7.92 7.64
Debt: Corporate Bond 7.00 -0.02 -0.11 -0.22 3.51 5.14 10.04 7.31 7.84 8.55 8.25
Rank within category 17 2 1 1 18 17 17 10 9 7 3
Number of funds in category 20 20 20 20 20 20 20 15 13 10 8

As on 10-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Prime Debt Fund  | Invest Online
3 star
Sep-00 8.72 7.55 7.91 0.74 442
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 11.53 8.89 9.05 0.45 21,271
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 11.24 8.83 9.10 0.60 20,062
ICICI Prudential Corporate Bond Fund  | Invest Now
4 star
Jun-09 10.96 8.41 8.63 0.59 17,389
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
5 star
Sep-07 9.85 8.56 8.55 0.61 5,267

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 7.36 1.43 1.49 2.05 0.30 1.66
VR Bond 6.81 1.95 0.81 1.77 -- --
Debt: Corporate Bond 7.25 2.85 1.10 2.20 0.60 1.07
Rank within category 11 2 6 8 4 8
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-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 31 13 79
Modified Duration (yrs) 1.81 2.00 1.27 --
Average Maturity (yrs) 2.49 2.66 1.47 --
Yield to Maturity (%) 8.95 9.63 8.30 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Indiabulls Housing Finance 2020 Securitised Debt AA 0.00 - 12.55 12.55
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 11.42 11.42
equal Shriram City Union Finance 21/09/2021 Debenture AA+ 0.00 - 11.23 11.23
equal Piramal Enterprises 60-D 17/08/2020 Commercial Paper A1+ 0.00 - 9.00 9.00
equal Indian Receivable Trust 25/08/2023 Zero Coupon Bonds A 4.74 - 8.78 8.78
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 5.94 - 8.90 7.79
equal 8.83% REC 21/01/2022 Non Convertible Debenture AAA 0.00 - 5.96 5.96
equal 8.25% India Infradebt 20/06/2025 Non Convertible Debenture AAA 0.00 - 6.71 5.94
equal 6.72% Power Finance Corp. 2023 Debenture AAA 0.00 - 5.86 5.86
new 8.95% Reliance Jio Infocomm 15/09/2020 Debenture AAA 0.00 - 5.69 5.69
new 5.85% Bharat Oman Refineries 13/07/2023 Non Convertible Debenture AA+ 0.00 - 5.64 5.64
equal 8.50% Swarna Tollway 31/03/2026 Non Convertible Debenture AAA 0.00 - 3.43 3.43
new 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 2.05 2.05
equal 8.60% L&T Ahmedabad Maliya Tollway L Structured Obligation AA 0.00 - 0.90 0.90

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-Jul-2020

*As on 30-Jun-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 10-Aug-2020

Growth: ₹ 43.6606

Dividend Weekly: ₹ 17.0948

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Dividend Quarterly: ₹ 11.7660

Dividend Monthly: ₹ 11.4239

Dividend Daily: ₹ 17.0918

Dividend: ₹ 13.9877

Bonus: ₹ 31.1821


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: 7.68%
Benchmark: NIFTY Short Duration TRI (50), NIFTY Low Duration Debt TRI (50)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 442 Cr (As on 31-Jul-2020)
Expense: 0.74% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily05-Aug-20200.0030

 04-Aug-20200.0102
 03-Aug-20200.0097
 31-Jul-20200.0015
 23-Jul-20200.0070
 20-Jul-20200.0067
 17-Jul-20200.0133
 15-Jul-20200.0229
 13-Jul-20200.0154
 10-Jul-20200.0217
 09-Jul-20200.0096
 08-Jul-20200.0223
 07-Jul-20200.0079
 06-Jul-20200.0267
 03-Jul-20200.0179
 02-Jul-20200.0183
 01-Jul-20200.0216
 30-Jun-20200.0101
 29-Jun-20200.0274
 26-Jun-20200.0155
 19-Jun-20200.0191
 18-Jun-20200.0137
 17-Jun-20200.0100
 16-Jun-20200.0140
 15-Jun-20200.0165
Dividend Weekly04-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
 31-Mar-20200.0390
 11-Mar-20200.0061
 03-Mar-20200.0127
 25-Feb-20200.0120
 18-Feb-20200.0169
 11-Feb-20200.0576
 04-Feb-20200.0462
 28-Jan-20200.0341
 21-Jan-20200.0214
 14-Jan-20200.0184
 07-Jan-20200.0283
 31-Dec-20190.0262
 24-Dec-20190.0267
Dividend Monthly20-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
 21-Sep-20180.0097
 20-Aug-20180.0394
 20-Jul-20180.0493
 20-Jun-20180.0430
Dividend Quarterly22-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
 20-Jun-20140.1891
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

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