Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth

Debt
Direct
Fixed Maturity Ultrashort Bond
Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth

About the Fund

Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth is a debt fund. This fund was started on 4 March, 2013. The fund is managed by Anju Chhajer. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth has ₹4 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth has given a CAGR return of 6.50% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.30%, 5.26% and 4.75% respectively.

Holdings

Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical. Its top holdings are

Taxation

As it is a fixed maturity ultrashort 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 Interval Fund Monthly Interval Fund Series II Direct Growth

The investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and Other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth has no lock in period.

Fund Performance

Fund Overview

Expense ratio
Expense ratio
0.05%
Benchmark
Benchmark
CRISIL Liquid Debt TR INR
AUM
AUM
₹4 Cr
Inception Date
Inception Date
4 March, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
0.1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
93.4%

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 100%

Sector Allocation

May'24

Apr'24

Mar'24

Cash Equivalent
100%
All changes are between Oct'69 and Dec'69

  • Returns %

  • Fund Ratios

  • Overview

Anju Chhajer
Anju Chhajer
Fund Manager of Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth, since 31 March 2021

Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth Highlights

Risk meter
pointer

Low Risk

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

About the fund

This fund has delivered an average annual returns of 6.5% since inception which is more than its category average return of 2.27%
AUM size ₹4 Cr

AUM size ₹4 Cr

This fund has AUM of ₹4 Cr which is less than its category average of ₹ 68 Cr
Expense Ratio 0.05%

Expense Ratio 0.05%

This fund has an expense ratio of 0.05% which is less than its category average expense ratio of 0.12%

Frequently Asked Questions

The current NAV of Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth is ₹31.81 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.48%
0.48%
6 Month Returns
2.89%
2.89%
1 Year Returns
6.3%
6.3%
3 Years Returns
16.64%
5.26%
5 Years Returns
26.13%
4.75%
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.
0.05% as on May 2024
₹4 Cr as on May 2024
Anju Chhajer is the fund manager of Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth
The Exit load of Nippon India Interval Fund Monthly Interval Fund Series II Direct Growth is 0.1%