Nippon India Low Duration Fund Direct Growth

Debt
Direct
Low Duration
Nippon India Low Duration Fund Direct Growth

About the Fund

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

Key Parameters

  1. Nippon India Low Duration Fund Direct Growth has ₹6192 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Nippon India Low Duration Fund Direct Growth has given a CAGR return of 7.65% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.57%, 6.18% and 6.71% respectively.

Holdings

Nippon India Low Duration Fund Direct Growth has allocated its funds majorly in Corporate, Financial Services, Energy, Government, Cash Equivalent. Its top holdings are National Bank For Agriculture And Rural Development, Punjab National Bank, NAOMI 05 2024, Highways Infrastructure Trust, Canara Bank

Taxation

As it is a low duration 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 Low Duration Fund Direct Growth

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Nippon India Low Duration Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
308 people have invested ₹ 98.5L in Nippon India Low Duration Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.37%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹6192 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
228.26%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
88.2%

AA
11.8%

Sector Allocation

Jun'24

May'24

Apr'24

Corporate
74.9%
Government
18.9%
Cash Equivalent
6.3%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.56%
0%
Punjab National Bank
Punjab National Bank
3.82%
233.3%
NAOMI 05 2024
NAOMI 05 2024
2.84%
0%
Highways Infrastructure Trust
Highways Infrastructure Trust
2.76%
0%
Canara Bank
Canara Bank
2.67%
0%

Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Low Duration Fund Direct Growth, since 25 May 2018
Vivek Sharma
Vivek Sharma
Fund Manager of Nippon India Low Duration Fund Direct Growth, since 1 February 2020
Anju Chhajer
Anju Chhajer
Fund Manager of Nippon India Low Duration Fund Direct Growth, since 9 October 2009

Mutual Fund Insights

Insights icon
In the last 5 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.22% return, outperforming this fund by 0.5% per annum.
Insights icon
In the last 3 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.66% return, outperforming this fund by 1.48% per annum.
Insights icon
In the last 1 year, ICICI Prudential Savings Fund Direct Plan Growth has given 7.86% return, outperforming this fund by 0.28%.
Insights icon
This fund has one of the lowest expense ratio in the category (low duration). Its expense ratio is 0.37% which is lower than the category average expense ratio of 0.68%.

Nippon India Low Duration Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 7.65% since inception which is more than its category average return of 4.99%
AUM size ₹6192 Cr

AUM size ₹6192 Cr

This fund has AUM of ₹6192 Cr which is more than its category average of ₹ 3972 Cr
Expense Ratio 0.37%

Expense Ratio 0.37%

This fund has an expense ratio of 0.37% which is less than its category average expense ratio of 0.65%

Frequently Asked Questions

The current NAV of Nippon India Low Duration Fund Direct Growth is ₹3682.08 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
Nippon India Low Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.68%
0.68%
6 Month Returns
3.93%
3.93%
1 Year Returns
7.57%
7.57%
3 Years Returns
19.72%
6.18%
5 Years Returns
38.38%
6.71%
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.
0.37% as on June 2024
₹6192 Cr as on June 2024
National Bank For Agriculture And Rural Development(4.56%), Punjab National Bank(3.82%), NAOMI 05 2024(2.84%), Highways Infrastructure Trust(2.76%), Canara Bank(2.67%) as on June 2024
Corporate(74.89%), Government(18.86%), Cash Equivalent(6.26%) as on June 2024
Yield to Maturity is 7.82 as on June 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 0.88 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
88.21
AA
11.79
Kinjal Desai, Vivek Sharma, Anju Chhajer are the fund managers of Nippon India Low Duration Fund Direct Growth
The Exit load of Nippon India Low Duration Fund Direct Growth is 0%