Nippon India Corporate Bond Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl Plan

Debt
Direct
Corporate Bond
Nippon India Corporate Bond Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl Plan

About the Fund

Nippon India Corporate Bond Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl Plan is a debt fund. This fund was started on 10 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 Plan Quarterly Payout of Income Dis cum cptl wdrl Plan has ₹3178 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 Plan Quarterly Payout of Income Dis cum cptl wdrl Plan has given a CAGR return of 6.51% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.25%, 6.17% and 6.70% respectively.

Holdings

Nippon India Corporate Bond Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl Plan has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are 7.32% Govt Stock 2030, 7.18% Govt Stock 2033, National Bank For Agriculture And Rural Development, Tata Capital Limited, LIC Housing Finance Ltd. 7.84%

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 Plan Quarterly Payout of Income Dis cum cptl wdrl Plan

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 5000.00 and for SIP is INR 100.00. Nippon India Corporate Bond Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl Plan has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.35%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹3178 Cr
Inception Date10 January, 2013
Min Lumpsum/SIP₹5000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
135.24%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
59.1%
Government
37.7%
Cash Equivalent
3.2%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.32% Govt Stock 2030
7.32% Govt Stock 2030
9.09%
35.7%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
5.56%
16.7%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
3.92%
0%
Tata Capital Limited
Tata Capital Limited
3.15%
0%
LIC Housing Finance Ltd. 7.84%
LIC Housing Finance Ltd. 7.84%
3.14%
0%

Vivek Sharma
Vivek Sharma
Fund Manager of Nippon India Corporate Bond Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl Plan, since 1 February 2020
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Corporate Bond Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl Plan, since 25 May 2018

Nippon India Corporate Bond Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl Plan 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 6.51% since inception which is more than its category average return of 5.48%
AUM size ₹3178 Cr

AUM size ₹3178 Cr

This fund has AUM of ₹3178 Cr which is less than its category average of ₹ 6125 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

The current NAV of Nippon India Corporate Bond Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl Plan is ₹12.15 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Nippon India Corporate Bond Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl Plan
Absolute Returns
CAGR Returns
1 Month Returns
0.74%
0.74%
6 Month Returns
4.17%
4.17%
1 Year Returns
7.25%
7.25%
3 Years Returns
19.67%
6.17%
5 Years Returns
38.3%
6.7%
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 May 2024
₹3178 Cr as on May 2024
7.32% Govt Stock 2030(9.09%), 7.18% Govt Stock 2033(5.56%), National Bank For Agriculture And Rural Development(3.92%), Tata Capital Limited(3.15%), LIC Housing Finance Ltd. 7.84%(3.14%) as on May 2024
Corporate(59.11%), Government(37.66%), Cash Equivalent(3.23%) as on May 2024
Yield to Maturity is 7.68 as on May 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 3.69 as on May 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 Plan Quarterly Payout of Income Dis cum cptl wdrl Plan
The Exit load of Nippon India Corporate Bond Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl Plan is 0%