Nippon India Banking & PSU Debt Fund Direct Growth

Nippon India Banking & PSU Debt Fund Direct Growth

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Debt
Direct
Banking & Psu
NAV: ₹ 19.42 as on 22-04-2024
Fund Performance
zero opening, trading, fund transfer fee
277 people have invested ₹ 38.2L in Nippon India Banking & PSU Debt Fund Direct Growth in the last three months

Mutual Fund Insights

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In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.4% return, outperforming this fund by 1.82% per annum.
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This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.36% which is lower than the category average expense ratio of 0.55%.
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Over the last 1 year, this fund has increased expense ratio by 9.1% moving from 0.33 to 0.36.
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In the last 1 year, ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth has given 7.59% return, outperforming this fund by 0.57%.
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In the last 5 years, Kotak Banking and PSU Debt Direct Growth has given 7.39% return, outperforming this fund by 0.01% per annum.

About the Nippon India Banking & PSU Debt Fund Direct Growth

Nippon India Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 15 May, 2015. The fund is managed by Vivek Sharma, Pranay Sinha, Kinjal Desai. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Banking & PSU Debt Fund Direct Growth has ₹5454 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Nippon India Banking & PSU Debt Fund Direct Growth Overview

Expense ratio
Expense ratio
0.36%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹5454 Cr
Inception Date
Inception Date
15 May, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
168.28%

Nippon India Banking & PSU Debt Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
100%
Sector Allocation

Mar'24

Feb'24

Jan'24

Corporate
48.2%
Government
48%
Cash Equivalent
3.8%

Top Holdings of Nippon India Banking & PSU Debt Fund Direct Growth as on (31-Mar-24)

  • Debt & Cash

Debt Holdings92
Holdings
Weight%
1M Change
7.18% Govt Stock 2037
7.18% Govt Stock 2037
6.13%
-21.5%
7.26% Govt Stock 2033
7.26% Govt Stock 2033
5.44%
-3.9%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.02%
0%
7.32% Govt Stock 2030
7.32% Govt Stock 2030
3.97%
300%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
3.64%
0%

Nippon India Banking & PSU Debt Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 5.5K Cr
₹ 5.4K Cr
₹ 5.3K Cr
  • AUM of the fund stands at 5.5K Cr as of Mar'24
  • AUM increased by 103.6 Cr between Mar'24 and Feb'24
Fund Portfolio Changes

Nippon India Banking & PSU Debt Fund Direct Growth Fund Manager

Vivek Sharma
Vivek Sharma
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 25 June 2020
Pranay Sinha
Pranay Sinha
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 31 March 2021
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 25 May 2018

Nippon India Banking & PSU Debt Fund Direct Growth Highlights

Risk meter
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Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.7% since inception which is more than its category average return of 5.43%
AUM size ₹5454 Cr

AUM size ₹5454 Cr

This fund has AUM of ₹5454 Cr which is more than its category average of ₹ 3691 Cr
Expense Ratio 0.36%

Expense Ratio 0.36%

This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions

The current NAV of Nippon India Banking & PSU Debt Fund Direct Growth is ₹19.42 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
Nippon India Banking & PSU Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.31%
0.31%
6 Month Returns
3.86%
3.86%
1 Year Returns
7.02%
7.02%
3 Years Returns
17.69%
5.58%
5 Years Returns
42.77%
7.38%
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0.36% as on March 2024
₹5454 Cr as on March 2024
7.18% Govt Stock 2037(6.13%), 7.26% Govt Stock 2033(5.44%), National Bank For Agriculture And Rural Development(4.02%), 7.32% Govt Stock 2030(3.97%), Small Industries Development Bank Of India(3.64%) as on March 2024
Corporate(48.18%), Government(48.01%), Cash Equivalent(3.81%) as on March 2024
Yield to Maturity is 7.59 as on March 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.32 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Vivek Sharma, Pranay Sinha, Kinjal Desai are the fund managers of Nippon India Banking & PSU Debt Fund Direct Growth
The Exit load of Nippon India Banking & PSU Debt Fund Direct Growth is 0%