Nippon India Corporate Bond Fund Direct Growth

Nippon India Corporate Bond Fund Direct Growth

Debt

Direct

Corporate Bond

NAV as on 31-10-2024

₹ 59.29

Inception Returns

8%

/yr

About Nippon India Corporate Bond Fund Direct Growth

Nippon India Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Vivek Sharma, Kinjal Desai. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Corporate Bond Fund Direct Growth has ₹5558 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Nippon India Corporate Bond Fund Direct Growth has given a CAGR return of 7.99% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.18%, 6.87% and 7.19% respectively.

Holdings

Nippon India Corporate Bond Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are 7.10%Goi 08/04/2034, 07.32 Goi 2030, PTC- INDIA UNIVERSAL TRUST AL1-SERIES A3, 07.18 Goi 24072037, LIC Housing Finance Limited

Taxation

As it is a corporate bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Nippon India Corporate Bond Fund Direct Growth

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

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Nippon India Corporate Bond Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1033 people have invested ₹ 1.6Cr in Nippon India Corporate Bond Fund Direct Growth in the last three months

Nippon India Corporate Bond Fund Direct Growth Overview

Expense ratio0.35%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹5558 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
154.52%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (31-Oct-24)

Period
Nippon India Corporate Bond Fund Direct Growth
Corporate Bond Index
1M
0.5%
0.4%
3M
2.4%
1.7%
6M
4.9%
3.8%
1Y
9.2%
7.7%
3Y
6.9%
5.6%
5Y
7.2%
6.1%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.9%

AAA
100%

Sector Allocation

Sep'24

Aug'24

Jul'24

Corporate
60%
Government
37.2%
Cash Equivalent
2.7%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 4.6K Cr
₹ 3.4K Cr
₹ 3.3K Cr
  • AUM of the fund stands at 4.6K Cr as of Sep'24
  • AUM increased by 1.2K Cr between Sep'24 and Aug'24
Cash allocation has gone down from 4.6% to 2.7%
Cash allocation has gone down from 4.6% to 2.7%
Debt allocation has gone up from 95.2% to 97.1%
Debt allocation has gone up from 95.2% to 97.1%

Top 3 Sectors in September were Financial Services, Corporate & Government

Sep'24
Financial Services
100%
Corporate
60%
Government
37%
Aug'24
Financial Services
100%
Corporate
56%
Government
39%
  • Debt & Cash

Holdings
Weight%
1M Change
7.10%Goi 08/04/2034
7.10%Goi 08/04/2034
12.33%
29.2%
07.32 Goi 2030
07.32 Goi 2030
3.33%
-35.7%
PTC- INDIA UNIVERSAL TRUST AL1-SERIES A3
PTC- INDIA UNIVERSAL TRUST AL1-SERIES A3
2.71%
0%
07.18 Goi 24072037
07.18 Goi 24072037
2.5%
0%
LIC Housing Finance Limited
LIC Housing Finance Limited
2.44%
0%
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Vivek Sharma
Vivek Sharma
Fund Manager of Nippon India Corporate Bond Fund Direct Growth, since 1 February 2020
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Corporate Bond Fund Direct Growth, since 25 May 2018
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.07L Cr
as on 30-Sep-2024
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has increased expense ratio by 2.9% moving from 0.34 to 0.35.
Insights icon
In the last 3 years, this fund has outperformed all funds in its category.
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In the last 1 year, this fund has outperformed all funds in its category.
Insights icon
Over the last 1 month, this fund has experienced a 47.1% growth in AUM moving from 3.77K Cr to 5.55K Cr.
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In the last 5 years, Axis Corporate Bond Fund Direct Growth has given 7.39% return, outperforming this fund by 0.19% per annum.
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This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.35% which is lower than the category average expense ratio of 0.5%.

Nippon India Corporate Bond Fund Direct Growth Highlights

Risk meter
pointer

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 7.99% since inception which is more than its category average return of 5.68%
AUM size ₹5558 Cr

AUM size ₹5558 Cr

This fund has AUM of ₹5558 Cr which is less than its category average of ₹ 6562 Cr
Expense Ratio 0.35%

Expense Ratio 0.35%

This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions for Nippon India Corporate Bond Fund Direct Growth

The current NAV of Nippon India Corporate Bond Fund Direct Growth is ₹59.29 as on 31-Oct-2024.
Existing (Absolute + CAGR) as on 31-Oct-2024.
Nippon India Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.51%
0.51%
6 Month Returns
4.86%
4.86%
1 Year Returns
9.18%
9.18%
3 Years Returns
22.07%
6.87%
5 Years Returns
41.52%
7.19%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.35% as on October 2024
₹5558 Cr as on October 2024
7.10%Goi 08/04/2034(12.33%), 07.32 Goi 2030(3.33%), PTC- INDIA UNIVERSAL TRUST AL1-SERIES A3(2.71%), 07.18 Goi 24072037(2.5%), LIC Housing Finance Limited(2.44%) as on October 2024
Corporate(58.35%), Government(34.12%), Cash Equivalent(7.54%) as on October 2024
Yield to Maturity is 7.44 as on October 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 3.97 as on October 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Vivek Sharma, Kinjal Desai are the fund managers of Nippon India Corporate Bond Fund Direct Growth
The Exit load of Nippon India Corporate Bond Fund Direct Growth is 0%