Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl

Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl

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Debt
Direct
Low Duration
NAV: ₹ 1930.36 as on 13-06-2024

About the Fund

Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl is a debt fund. This fund was started on 14 November, 2013. The fund is managed by Anju Chhajer, Kinjal Desai, Vivek Sharma. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl has ₹5790 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 Plan Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 7.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.45%, 6.04% and 6.76% respectively.

Holdings

Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Corporate, Financial Services, Energy, Government, Cash Equivalent. Its top holdings are National Bank For Agriculture And Rural Development, NAOMI 05 2024, Highways Infrastructure Trust, Canara Bank, Axis Bank Limited

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 Plan Reinvestment Inc Dist cum Cap Wdrl

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 Plan Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Overview

Expense ratio
Expense ratio
0.37%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹5790 Cr
Inception Date
Inception Date
14 November, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
228.26%

Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
87.2%
AA
12.8%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
70.3%
Government
17%
Cash Equivalent
12.7%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 5.8K Cr
₹ 6.2K Cr
₹ 6K Cr
  • AUM of the fund stands at 5.8K Cr as of Apr'24
  • AUM decreased by 416.3 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl as on (31-May-24)

  • Debt & Cash

Debt Holdings74
Holdings
Weight%
1M Change
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.9%
0%
NAOMI 05 2024
NAOMI 05 2024
3.09%
0%
Highways Infrastructure Trust
Highways Infrastructure Trust
2.97%
0%
Canara Bank
Canara Bank
2.85%
0%
Axis Bank Limited
Axis Bank Limited
2.48%
0%

Fund Manager

Anju Chhajer
Anju Chhajer
Fund Manager of Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl, since 9 October 2009
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl, since 25 May 2018
Vivek Sharma
Vivek Sharma
Fund Manager of Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl, since 1 February 2020

Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 7.3% since inception which is more than its category average return of 4.97%
AUM size ₹5790 Cr

AUM size ₹5790 Cr

This fund has AUM of ₹5790 Cr which is more than its category average of ₹ 3745 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 Plan Reinvestment Inc Dist cum Cap Wdrl is ₹1930.36 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.64%
0.64%
6 Month Returns
3.95%
3.95%
1 Year Returns
7.45%
7.45%
3 Years Returns
19.23%
6.04%
5 Years Returns
38.66%
6.76%
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0.37% as on May 2024
₹5790 Cr as on May 2024
National Bank For Agriculture And Rural Development(4.9%), NAOMI 05 2024(3.09%), Highways Infrastructure Trust(2.97%), Canara Bank(2.85%), Axis Bank Limited(2.48%) as on May 2024
Corporate(73.83%), Government(19.41%), Cash Equivalent(6.76%) as on May 2024
Yield to Maturity is 7.88 as on May 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 0.93 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
87.2
AA
12.8
Anju Chhajer, Kinjal Desai, Vivek Sharma are the fund managers of Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl
The Exit load of Nippon India Low Duration Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl is 0%