Nippon India Credit Risk Fund Direct Plan Growth Option

Nippon India Credit Risk Fund Direct Plan Growth Option

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Debt
Direct
Credit Risk
NAV: ₹ 34.37 as on 22-04-2024
Fund Performance
zero opening, trading, fund transfer fee
62 people have invested ₹ 1L in Nippon India Credit Risk Fund Direct Plan Growth Option in the last three months

Mutual Fund Insights

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Over the last 15 months, this fund has decreased expense ratio by 20.0% moving from 1.00 to 0.80.
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In the last 1 year, DSP Credit Risk Fund Direct Plan Growth has given 15.93% return, outperforming this fund by 7.58%.
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In the last 5 years, ICICI Prudential Credit Risk Fund Direct Plan Growth has given 8.21% return, outperforming this fund by 3.47% per annum.
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This fund has one of the lowest expense ratio in the category (credit risk). Its expense ratio is 0.8% which is lower than the category average expense ratio of 1.22%.
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In the last 3 years, UTI Credit Risk Fund Direct Plan Growth Option has given 11.54% return, outperforming this fund by 2.37% per annum.

About the Nippon India Credit Risk Fund Direct Plan Growth Option

Nippon India Credit Risk Fund Direct Plan Growth Option is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai, Sushil Budhia. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Credit Risk Fund Direct Plan Growth Option has ₹1025 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.8.

Nippon India Credit Risk Fund Direct Plan Growth Option Overview

Expense ratio
Expense ratio
0.8%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹1025 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
79.08%

Nippon India Credit Risk Fund Direct Plan Growth Option Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AA
48%
AAA
28.7%
A
23.3%
Sector Allocation

Mar'24

Feb'24

Jan'24

Corporate
81.6%
Government
10.3%
Cash Equivalent
8.1%

Top Holdings of Nippon India Credit Risk Fund Direct Plan Growth Option as on (31-Mar-24)

  • Debt & Cash

Debt Holdings40
Holdings
Weight%
1M Change
Summit Digitel Infrastructure Limited
Summit Digitel Infrastructure Limited
5.9%
0%
JSW Steel Limited
JSW Steel Limited
5.4%
0%
7.06% Govt Stock 2028
7.06% Govt Stock 2028
4.86%
0%
7.1% Govt Stock 2029
7.1% Govt Stock 2029
4.86%
0%
Indinfravit Trust
Indinfravit Trust
4.76%
0%

Nippon India Credit Risk Fund Direct Plan Growth Option: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 1K Cr
₹ 1K Cr
₹ 1K Cr
  • AUM of the fund stands at 1K Cr as of Mar'24
  • AUM decreased by 6.9 Cr between Mar'24 and Feb'24
Fund Portfolio Changes

Nippon India Credit Risk Fund Direct Plan Growth Option Fund Manager

Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Credit Risk Fund Direct Plan Growth Option, since 25 May 2018
Sushil Budhia
Sushil Budhia
Fund Manager of Nippon India Credit Risk Fund Direct Plan Growth Option, since 1 February 2020

Nippon India Credit Risk Fund Direct Plan Growth Option Highlights

Risk meter
pointer

High Risk

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

About the fund

This fund has delivered an average annual returns of 7.29% since inception which is more than its category average return of 5.24%
AUM size ₹1025 Cr

AUM size ₹1025 Cr

This fund has AUM of ₹1025 Cr which is less than its category average of ₹ 1252 Cr
Expense Ratio 0.8%

Expense Ratio 0.8%

This fund has an expense ratio of 0.8% which is less than its category average expense ratio of 1.15%

Frequently Asked Questions

The current NAV of Nippon India Credit Risk Fund Direct Plan Growth Option is ₹34.37 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
Nippon India Credit Risk Fund Direct Plan Growth Option
Absolute Returns
CAGR Returns
1 Month Returns
0.64%
0.64%
6 Month Returns
4.13%
4.13%
1 Year Returns
8.35%
8.35%
3 Years Returns
30.11%
9.17%
5 Years Returns
26.07%
4.74%
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  • Select your bank account and proceed with Payment.
0.8% as on March 2024
₹1025 Cr as on March 2024
Summit Digitel Infrastructure Limited(5.9%), JSW Steel Limited(5.4%), 7.1% Govt Stock 2029(4.86%), 7.06% Govt Stock 2028(4.86%), Indinfravit Trust(4.76%) as on March 2024
Corporate(81.57%), Government(10.29%), Cash Equivalent(8.14%) as on March 2024
Yield to Maturity is 9.02 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 1.84 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AA
47.98
AAA
28.67
A
23.35
Kinjal Desai, Sushil Budhia are the fund managers of Nippon India Credit Risk Fund Direct Plan Growth Option
The Exit load of Nippon India Credit Risk Fund Direct Plan Growth Option is 1%