Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth

Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth

Debt

Direct

Index Funds - Fixed Income

NAV as on 04-10-2024

₹ 11.41

-0.1%

1D

Inception Returns

8.7%

/yr

About the Fund

Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth is a debt fund. This fund was started on 6 March, 2023. The fund is managed by Siddharth Deb, Vivek Sharma. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth has ₹116 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth has given a CAGR return of 8.68% since inception. Over the last 1 year the fund has given a CAGR return of 8.83%.

Holdings

Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.17% Govt Stock 2028, 7.37% Govt Stock 2028, 7.06% Govt Stock 2028

Taxation

As it is a index funds - fixed income 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 Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth

The investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the Nifty G-Sec Oct 2028 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
40 people have invested ₹ 94.4K in Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.2%
Benchmark
Nifty G-Sec Oct 2028
AUM₹116 Cr
Inception Date6 March, 2023
Min Lumpsum/SIP₹1000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
37.12%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (04-Oct-24)

Period
Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth
1M
0.7%
-
3M
2.5%
-
6M
4.5%
-
1Y
8.8%
-

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Aug'24

Jul'24

Jun'24

Government
97.8%
Cash Equivalent
2.2%
All changes are between Oct'69 and Dec'69
Parameters
Aug'24
Jul'24
Jun'24
AUM
₹ 112.5 Cr
₹ 112.5 Cr
₹ 111.4 Cr
  • AUM of the fund stands at 112.5 Cr as of Aug'24
  • AUM has remained same between Aug'24 and Jul'24
Debt allocation has gone down from 98.1% to 97.8%
Debt allocation has gone down from 98.1% to 97.8%
Cash allocation has gone up from 1.9% to 2.2%
Cash allocation has gone up from 1.9% to 2.2%

Top Sector in August was Government

Aug'24
Government
98%
Jul'24
Government
98%
  • Debt & Cash

Holdings
Weight%
1M Change
7.17% Govt Stock 2028
7.17% Govt Stock 2028
41.88%
0%
7.37% Govt Stock 2028
7.37% Govt Stock 2028
39.67%
17.4%
7.06% Govt Stock 2028
7.06% Govt Stock 2028
15.82%
0%
  • Returns %

  • Fund Ratios

  • Overview

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Siddharth Deb
Siddharth Deb
Fund Manager of Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth, since 10 March 2023
Vivek Sharma
Vivek Sharma
Fund Manager of Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth, since 10 March 2023
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.09L Cr
as on 31-Aug-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

Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth 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 8.68% since inception which is more than its category average return of 6.6%
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is less than its category average of ₹ 1484 Cr
Expense Ratio 0.2%

Expense Ratio 0.2%

This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.26%

Frequently Asked Questions

The current NAV of Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth is ₹11.41 as on 04-Oct-2024.
Existing (Absolute + CAGR) as on 04-Oct-2024.
Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.71%
0.71%
6 Month Returns
4.51%
4.51%
1 Year Returns
8.83%
8.83%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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0.2% as on September 2024
₹116 Cr as on September 2024
Yield to Maturity is 6.9 as on September 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 3.02 as on September 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Siddharth Deb, Vivek Sharma are the fund managers of Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth
The Exit load of Nippon India Nifty G Sec Oct 2028 Maturity Index Fund Direct Growth is 0%