Nippon India Short Term Fund Direct Growth

Nippon India Short Term Fund Direct Growth

Debt

Direct

Short Duration

NAV as on 04-12-2024

₹ 54.44

Inception Returns

8.1%

/yr

About Nippon India Short Term Fund Direct Growth

Nippon India Short Term Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Sushil Budhia, Vivek Sharma, Kinjal Desai. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Short Term Fund Direct Growth has ₹7665 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 Short Term Fund Direct Growth has given a CAGR return of 8.14% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.03%, 6.64% and 7.07% respectively.

Holdings

Nippon India Short Term Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Utilities, Energy, Cash Equivalent, Consumer Cyclical, Securitize. Its top holdings are 7.17% Govt Stock 2030, 7.32% Govt Stock 2030, 7.1% Govt Stock 2029, Renew Solar Energy (Jharkhand Five) Private Limited, Small Industries Development Bank Of India

Taxation

As it is a short 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 Short Term Fund Direct Growth

The primary investment objective of the scheme is to generate stable returns for investors with a short term investment horizon by investing in debt and money market instruments.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
2371 people have invested ₹ 1.8Cr in Nippon India Short Term Fund Direct Growth in the last three months

Nippon India Short Term Fund Direct Growth Overview

Expense ratio0.38%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹7665 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
161%
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
Moderate Risk

Trailing Returns

as on (04-Dec-24)

Period
Nippon India Short Term Fund Direct Growth
Short Duration Index
1M
0.8%
0.7%
3M
2.2%
2%
6M
4.8%
4.3%
1Y
9%
8.1%
3Y
6.6%
6.1%
5Y
7.1%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
85%

AA
15%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
51.4%
Government
38.6%
Cash Equivalent
9.9%
Securitize
0.1%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 7.6K Cr
₹ 7.1K Cr
₹ 7K Cr
  • AUM of the fund stands at 7.6K Cr as of Oct'24
  • AUM increased by 464.5 Cr between Oct'24 and Sep'24
Cash allocation has gone down from 9.9% to 9.9%
Cash allocation has gone down from 9.9% to 9.9%
Debt allocation has gone up from 89.9% to 89.9%
Debt allocation has gone up from 89.9% to 89.9%

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

Oct'24
Financial Services
58%
Corporate
51%
Government
39%
Sep'24
Financial Services
58%
Corporate
50%
Government
40%
  • Debt & Cash

Holdings
Weight%
1M Change
7.17% Govt Stock 2030
7.17% Govt Stock 2030
8.87%
0%
7.32% Govt Stock 2030
7.32% Govt Stock 2030
7.94%
33.7%
7.1% Govt Stock 2029
7.1% Govt Stock 2029
6.39%
-9.3%
Renew Solar Energy (Jharkhand Five) Private Limited
Renew Solar Energy (Jharkhand Five) Private Limited
2.58%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
2.18%
0%
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Sushil Budhia
Sushil Budhia
Fund Manager of Nippon India Short Term Fund Direct Growth, since 31 March 2021
Vivek Sharma
Vivek Sharma
Fund Manager of Nippon India Short Term Fund Direct Growth, since 1 February 2020
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Short Term 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, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 7.24% return, outperforming this fund by 0.6% per annum.
Insights icon
In the last 5 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 7.99% return, outperforming this fund by 0.92% per annum.
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This fund has one of the lowest expense ratio in the category (short duration). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.7%.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 5.6% moving from 0.36 to 0.38.
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Over the last 6 months, this fund has experienced a 39.7% growth in AUM moving from 5.48K Cr to 7.66K Cr.
Insights icon
In the last 1 year, Aditya Birla Sun Life Short Term Fund Direct Plan Growth has given 9.1% return, outperforming this fund by 0.07%.

Nippon India Short Term 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 8.14% since inception which is more than its category average return of 5.83%
AUM size ₹7665 Cr

AUM size ₹7665 Cr

This fund has AUM of ₹7665 Cr which is more than its category average of ₹ 3930 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 0.67%

Frequently Asked Questions for Nippon India Short Term Fund Direct Growth

The current NAV of Nippon India Short Term Fund Direct Growth is ₹54.44 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
Nippon India Short Term Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.82%
0.82%
6 Month Returns
4.79%
4.79%
1 Year Returns
9.03%
9.03%
3 Years Returns
21.27%
6.64%
5 Years Returns
40.7%
7.07%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.38% as on November 2024
₹7665 Cr as on November 2024
7.17% Govt Stock 2030(8.87%), 7.32% Govt Stock 2030(7.94%), 7.1% Govt Stock 2029(6.39%), Renew Solar Energy (Jharkhand Five) Private Limited(2.58%), Small Industries Development Bank Of India(2.18%) as on November 2024
Corporate(52.03%), Government(38.14%), Cash Equivalent(9.72%) as on November 2024
Yield to Maturity is 7.57 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 2.84 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
84.96
AA
15.04
Sushil Budhia, Vivek Sharma, Kinjal Desai are the fund managers of Nippon India Short Term Fund Direct Growth
The Exit load of Nippon India Short Term Fund Direct Growth is 0%