Nippon India Income Fund - Direct Plan - Growth Plan
Debt
Direct
Medium To Long Duration
NAV: ₹ 86.3 as on 29-09-2023
Fund Performance
105 people have invested ₹ 9.9L in Nippon India Income Fund - Direct Plan - Growth Plan in the last three months
Fund Insights
Over the last 6 months, this fund has experienced a 22.0% growth in AUM moving from 234.89 Cr to 286.55 Cr.
In the last 3 years, UTI Bond Fund Direct Plan Growth has given 9.22% return, outperforming this fund by 3.98% per annum.
In the last 5 years, SBI Magnum Income Fund Direct Growth has given 8.41% return, outperforming this fund by 0.2% per annum.
In the last 1 year, SBI Magnum Income Fund Direct Growth has given 8.12% return, outperforming this fund by 0.1%.
About the Fund
Nippon India Income Fund - Direct Plan - Growth Plan is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai, Vivek Sharma. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Income Fund - Direct Plan - Growth Plan has ₹287 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.6.
Nippon India Income Fund - Direct Plan - Growth Plan Overview
 | 0.58% |
 Benchmark | CRISIL Composite Bond Fund TR INR |
 | ₹287 Cr |
 | 1 January, 2013 |
 | ₹5000/₹100 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 307.34% |
Fund Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Government
67.3%
Cash Equivalent
21.1%
Corporate
11.5%
Top Holdings of Nippon India Income Fund - Direct Plan - Growth Plan as on (31-Aug-23)
Debt Holdings15
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.26% Govt Stock 2033 | 40.32% | -21.7% | |
7.54% Govt Stock 2036 | 9.09% | 0% | |
7.1% Govt Stock 2029 | 8.69% | 0% | |
7.06% Govt Stock 2028 | 8.69% | 0% | |
7.38% Govt Stock 2027 | 7.02% | 0% |
See all
Nippon India Income Fund - Direct Plan - Growth Plan: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 286.6 Cr as of Aug'23
- AUM increased by 4.5 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Peer Analysis
Nippon India Income Fund - Direct Plan - Growth Plan Fund Manager
Kinjal Desai
Fund Manager of Nippon India Income Fund - Direct Plan - Growth Plan, since 25 May 2018
Top funds managed
Vivek Sharma
Fund Manager of Nippon India Income Fund - Direct Plan - Growth Plan, since 1 February 2020
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.97% since inception which is more than its category average return of 5.7%
AUM size ₹287 Cr
This fund has AUM of ₹287 Cr which is less than its category average of ₹ 950 Cr
Expense Ratio 0.58%
This fund has an expense ratio of 0.58% which is less than its category average expense ratio of 1.16%
Frequently Asked Questions
The current NAV of Nippon India Income Fund - Direct Plan - Growth Plan is ₹86.3 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Nippon India Income Fund - Direct Plan - Growth Plan | Absolute Returns | CAGR Returns |
1 Month Returns | 0.21% | 0.21% |
6 Month Returns | 3.69% | 3.69% |
1 Year Returns | 8.02% | 8.02% |
3 Years Returns | 16.54% | 5.24% |
5 Years Returns | 48.36% | 8.21% |
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.
0.58% as on August 2023
₹287 Cr as on August 2023
7.26% Govt Stock 2033(40.32%), 7.54% Govt Stock 2036(9.09%), 7.1% Govt Stock 2029(8.69%), 7.06% Govt Stock 2028(8.69%), 7.38% Govt Stock 2027(7.02%) as on August 2023
Government(81.05%), Corporate(12.4%), Cash Equivalent(6.55%) as on August 2023
Yield to Maturity is 7.29 as on August 2023. 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 4.9 as on August 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Kinjal Desai, Vivek Sharma are the fund managers of Nippon India Income Fund - Direct Plan - Growth Plan
The Exit load of Nippon India Income Fund - Direct Plan - Growth Plan is 0.25%