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Nippon India Prime Debt Fund


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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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(₹)
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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 0.62 0.06 0.21 0.92 2.03 3.86 7.67 7.06 7.82 8.12 8.15
VR Bond 0.28 -0.02 0.20 0.58 1.34 1.55 7.87 6.17 6.99 7.42 7.22
Debt: Corporate Bond 0.56 0.08 0.26 0.74 1.94 4.05 8.13 6.39 7.34 7.83 7.79
Rank within category 7 13 14 3 8 14 14 6 7 4 2
Number of funds in category 20 20 20 20 20 20 18 14 13 9 6

As on 22-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.21 (21-Feb-2003 - 28-Feb-2003) -1.32 (10-Sep-2001 - 17-Sep-2001)
Month 2.13 (29-Oct-2001 - 28-Nov-2001) -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 6.88 1.20 0.97 1.25 0.26 1.06
VR Bond 6.11 2.14 0.33 -- -- --
Debt: Corporate Bond 6.35 2.59 0.59 1.09 0.61 0.40
Rank within category 7 2 6 6 3 6
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 31 50 24 67
Modified Duration (yrs) 1.27 1.64 0.91 2.27
Average Maturity (yrs) 1.47 1.95 1.05 2.91
Yield to Maturity (%) 8.68 9.99 8.68 7.20

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.85% Adani Transmission 2020 Debenture AA+ 2.71 - 10.29 8.88
new Piramal Enterprises 60-D 21/02/2020 Commercial Paper A1+ 0.00 - 8.15 8.15
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 7.65 7.65
equal Shriram Transport Finance 22/06/2022 Debenture AAA 6.51 - 11.40 6.76
equal Indian Receivable Trust 25/08/2023 Zero Coupon Bonds A 0.00 - 6.93 5.84
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 5.67 5.67
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 5.65 5.65
new 8.37% REC 14/08/2020 Bonds AAA 0.00 - 5.02 5.02
new Reliance Retail Ltd. 28/03/2021 Securitised Debt AAA 0.00 - 4.28 4.28
down 8.33% Panchshil Corporate Park 2022 Debenture AAA 3.57 - 8.99 4.19
equal 8.28% Oriental Nagpur Betul Highway 30/03/2020 Debenture AAA 1.07 - 4.02 4.02
equal 9.26% Power Finance Corp. 85-D 15/04/2023 Bonds AAA 0.00 - 2.90 2.90
down 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 9.72 2.88
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 2.82 2.82
new 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 2.79 2.79
equal 8.85% India Grid Trust 2022 Non Convertible Debenture AAA 0.00 - 5.30 2.77
equal 7.14% REC 2021 Bonds AAA 0.00 - 2.76 2.76
equal 8.50% National Bank Agr. Rur. Devp 31/01/2022 Non Convertible Debenture AAA 0.00 - 3.85 2.76
equal 7.60% LIC Housing Fin. 22/11/2022 Debenture AAA 0.00 - 2.76 2.76
new 7.41% Nabha Power 20/04/2022 Debenture AAA 0.00 - 2.75 2.75
down 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.00 - 2.83 1.34
equal 8.97% Uttar Pradesh Power Corporation 15/02/2022 Bonds AA 0.00 - 1.10 1.10
equal 7.60% Jamnagar Utilities and Power 27/05/2022 Bonds AAA 0.00 - 0.55 0.55
equal 7.33% Jamnagar Utilities and Power 28/02/2020 Non Convertible Debenture AAA 0.38 - 2.23 0.55
equal 7.27% Power Finance Corp. 22/12/2021 Debenture AAA 0.00 - 0.55 0.55

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-Dec-2019

Fund Manager

— Amit Tripathi since 06-Oct-2008

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:

— Anju Chhajer since 09-Oct-2009

Education: Ms. Chhajer is a B.Com (H) and a Chartered Accountant.

Experience: Prior to joining Reliance Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.

Funds Managed:


0.03%

Change from previous, NAV as on 23-Jan-2020

Growth: ₹ 41.4559

Dividend Weekly: ₹ 17.1121

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Dividend Quarterly: ₹ 11.7895

Dividend Monthly: ₹ 11.4515

Dividend Daily: ₹ 17.0959

Dividend: ₹ 13.2814

Bonus: ₹ 29.6076


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: 7.62%
Benchmark: NIFTY Short Duration TRI (50), NIFTY Low Duration Debt TRI (50)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 908 Cr (As on 31-Dec-2019)
Expense: 0.71% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Jan-20200.0079

 21-Jan-20200.0044
 20-Jan-20200.0101
 17-Jan-20200.0026
 16-Jan-20200.0012
 15-Jan-20200.0014
 13-Jan-20200.0080
 10-Jan-20200.0004
 09-Jan-20200.0039
 08-Jan-20200.0078
 07-Jan-20200.0033
 06-Jan-20200.0039
 03-Jan-20200.0115
 02-Jan-20200.0030
 01-Jan-20200.0066
 31-Dec-20190.0147
 30-Dec-20190.0053
 27-Dec-20190.0055
 26-Dec-20190.0007
 24-Dec-20190.0015
 23-Dec-20190.0089
 20-Dec-20190.0070
 19-Dec-20190.0024
 18-Dec-20190.0069
 17-Dec-20190.0034
Dividend Monthly20-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
 20-Apr-20180.0560
 20-Mar-20180.0575
 20-Feb-20180.0298
 22-Jan-20180.0291
 20-Dec-20170.0119
Dividend Weekly21-Jan-20200.0214

 14-Jan-20200.0184
 07-Jan-20200.0283
 31-Dec-20190.0262
 24-Dec-20190.0267
 17-Dec-20190.0086
 03-Dec-20190.0228
 26-Nov-20190.0161
 19-Nov-20190.0025
 05-Nov-20190.0484
 29-Oct-20190.0182
 15-Oct-20190.0323
 09-Oct-20190.0053
 17-Sep-20190.0046
 11-Sep-20190.0206
 03-Sep-20190.0287
 27-Aug-20190.0310
 20-Aug-20190.0157
 13-Aug-20190.0318
 06-Aug-20190.0267
 30-Jul-20190.0258
 23-Jul-20190.0225
 16-Jul-20190.0405
 09-Jul-20190.0179
 28-May-20190.0456
Dividend Quarterly20-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
 20-Mar-20140.1660
 20-Dec-20130.1876
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: 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

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM