Nippon India Low Duration Fund Direct Growth

Nippon India Low Duration Fund Direct Growth

Debt

Direct

Low Duration

NAV as on 06-12-2024

₹ 3792.65

Inception Returns

7.7%

/yr

About Nippon India Low Duration Fund Direct Growth

Nippon India Low Duration Fund Direct Growth is a debt fund. This fund was started on 1 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 Low Duration Fund Direct Growth has ₹9004 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 7.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.09%, 6.66% and 6.61% respectively.

Holdings

Nippon India Low Duration Fund Direct Growth has allocated its funds majorly in Corporate, Financial Services, Energy, Cash Equivalent, Government. Its top holdings are Punjab National Bank, National Bank For Agriculture And Rural Development, Punjab National Bank, Bharti Telecom Limited 8.65%, Indinfravit Trust

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
343 people have invested ₹ 95.1L in Nippon India Low Duration Fund Direct Growth in the last three months

Nippon India Low Duration Fund Direct Growth Overview

Expense ratio0.38%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹9004 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
260.87%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (06-Dec-24)

Period
Nippon India Low Duration Fund Direct Growth
Low Duration Index
1M
0.6%
0.5%
3M
2%
1.7%
6M
4%
3.6%
1Y
8.1%
7.4%
3Y
6.7%
6.1%
5Y
6.6%
6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
88.3%

AA
11.7%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
45.9%
Cash Equivalent
39.6%
Government
14.4%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 7.9K Cr
₹ 7K Cr
₹ 6.3K Cr
  • AUM of the fund stands at 7.9K Cr as of Oct'24
  • AUM increased by 912.8 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 35.2% to 38.2%
Cash allocation has gone up from 35.2% to 38.2%
Debt allocation has gone down from 64.5% to 61.6%
Debt allocation has gone down from 64.5% to 61.6%

Top 3 Sectors in October were Financial Services, Corporate & Energy

Oct'24
Financial Services
53%
Energy
47%
Corporate
46%
Sep'24
Financial Services
53%
Corporate
50%
Energy
47%
  • Debt & Cash

Holdings
Weight%
1M Change
Punjab National Bank
Punjab National Bank
2.72%
100%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
2.72%
0%
Punjab National Bank
Punjab National Bank
2.18%
100%
Bharti Telecom Limited 8.65%
Bharti Telecom Limited 8.65%
1.95%
0%
Indinfravit Trust
Indinfravit Trust
1.93%
0%
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Vivek Sharma
Vivek Sharma
Fund Manager of Nippon India Low Duration Fund Direct Growth, since 1 February 2020
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Low Duration Fund Direct Growth, since 25 May 2018
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.29L Cr
as on 31-Oct-2024
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in

Mutual Fund Insights

Insights icon
In the last 3 years, Aditya Birla Sun Life Low Duration Direct Plan Growth has given 6.83% return, outperforming this fund by 0.17% per annum.
Insights icon
In the last 5 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.19% return, outperforming this fund by 0.58% per annum.
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Over the last 1 month, this fund has increased expense ratio by 2.7% moving from 0.37 to 0.38.
Insights icon
Over the last 3 months, this fund has experienced a 43.8% growth in AUM moving from 6.26K Cr to 9.00K Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (low duration). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.67%.
Insights icon
In the last 1 year, Kotak Low Duration Fund- Direct Plan- Growth Option has given 8.25% return, outperforming this fund by 0.16%.

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 7.67% since inception which is more than its category average return of 5.05%
AUM size ₹9004 Cr

AUM size ₹9004 Cr

This fund has AUM of ₹9004 Cr which is more than its category average of ₹ 4380 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.65%

Frequently Asked Questions for Nippon India Low Duration Fund Direct Growth

The current NAV of Nippon India Low Duration Fund Direct Growth is ₹3792.65 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Nippon India Low Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.64%
0.64%
6 Month Returns
4.04%
4.04%
1 Year Returns
8.09%
8.09%
3 Years Returns
21.34%
6.66%
5 Years Returns
37.73%
6.61%
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.
0.38% as on November 2024
₹9004 Cr as on November 2024
Punjab National Bank(2.72%), National Bank For Agriculture And Rural Development(2.72%), Punjab National Bank(2.18%), Bharti Telecom Limited 8.65%(1.95%), Indinfravit Trust(1.93%) as on November 2024
Corporate(58.63%), Cash Equivalent(27.02%), Government(14.35%) as on November 2024
Yield to Maturity is 7.59 as on November 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 November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
88.31
AA
11.69
Vivek Sharma, Kinjal Desai 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%