Nippon India Short Term Fund - Direct Plan - Growth Plan
Debt
Direct
Short Duration
NAV: ₹ 49.4 as on 29-09-2023
Fund Performance
3617 people have invested ₹ 3.1Cr in Nippon India Short Term Fund - Direct Plan - Growth Plan in the last three months
Fund Insights
This fund has one of the lowest expense ratio in the category (short duration). Its expense ratio is 0.36% which is lower than the category average expense ratio of 0.71%.
In the last 1 year, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 8.14% return, outperforming this fund by 0.62%.
In the last 5 years, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 8.15% return, outperforming this fund by 0.52% per annum.
Over the last 6 months, this fund has increased expense ratio by 5.9% moving from 0.34 to 0.36.
In the last 3 years, UTI - Short Term Income Fund - Direct Plan - Growth Option has given 7.18% return, outperforming this fund by 1.31% per annum.
About the Fund
Nippon India Short Term Fund - Direct Plan - Growth Plan is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai, Sushil Budhia, Vivek Sharma. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Short Term Fund - Direct Plan - Growth Plan has ₹6143 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.4.
Nippon India Short Term Fund - Direct Plan - Growth Plan Overview
 | 0.36% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹6143 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 163.55% |
Fund Distribution as on (31-Dec-69)
Credit rating breakup
AAA
96.7%
AA
3.3%
Sector Allocation
Corporate
47.9%
Government
43.5%
Cash Equivalent
8%
Securitize
0.6%
Top Holdings of Nippon India Short Term Fund - Direct Plan - Growth Plan as on (30-Sep-23)
Debt Holdings90
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.06% Govt Stock 2028 | 8.92% | 88.7% | |
7.1% Govt Stock 2029 | 4.38% | -5.5% | |
India Grid TRust | 3.39% | 0% | |
182 DTB 18012024 | 3.18% | 0% | |
7.38% Govt Stock 2027 | 3.03% | 0% |
See all
Nippon India Short Term Fund - Direct Plan - Growth Plan: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 6.2K Cr as of Aug'23
- AUM increased by 11.9 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Peer Analysis
Nippon India Short Term Fund - Direct Plan - Growth Plan Fund Manager
Kinjal Desai
Fund Manager of Nippon India Short Term Fund - Direct Plan - Growth Plan, since 25 May 2018
Top funds managed
Sushil Budhia
Fund Manager of Nippon India Short Term Fund - Direct Plan - Growth Plan, since 31 March 2021
Top funds managed
Vivek Sharma
Fund Manager of Nippon India Short Term Fund - Direct Plan - Growth Plan, since 1 February 2020
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 8.09% since inception which is more than its category average return of 5.63%
AUM size ₹6143 Cr
This fund has AUM of ₹6143 Cr which is more than its category average of ₹ 3531 Cr
Expense Ratio 0.36%
This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 0.68%
Frequently Asked Questions
The current NAV of Nippon India Short Term Fund - Direct Plan - Growth Plan is ₹49.38 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Nippon India Short Term Fund - Direct Plan - Growth Plan | Absolute Returns | CAGR Returns |
1 Month Returns | 0.46% | 0.46% |
6 Month Returns | 3.9% | 3.9% |
1 Year Returns | 7.52% | 7.52% |
3 Years Returns | 18.66% | 5.87% |
5 Years Returns | 44.41% | 7.63% |
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- Click Buy on the fund name.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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0.36% as on September 2023
₹6143 Cr as on September 2023
7.06% Govt Stock 2028(8.92%), 7.1% Govt Stock 2029(4.38%), India Grid TRust(3.39%), 182 DTB 18012024(3.18%), 7.38% Govt Stock 2027(3.03%) as on September 2023
Corporate(51.21%), Government(42.91%), Cash Equivalent(5.3%) as on September 2023
Yield to Maturity is 7.55 as on September 2023. 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 2.51 as on September 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 96.72 |
AA | 3.28 |
Kinjal Desai, Sushil Budhia, Vivek Sharma are the fund managers of Nippon India Short Term Fund - Direct Plan - Growth Plan
The Exit load of Nippon India Short Term Fund - Direct Plan - Growth Plan is 0%