Nippon India Short Term Fund Direct Growth

Debt
Direct
Short Duration
Nippon India Short Term Fund Direct Growth

About the Fund

Nippon India Short Term Fund Direct Growth 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

  1. Nippon India Short Term Fund Direct Growth has ₹5434 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 8.09% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.68%, 6.15% and 7.21% respectively.

Holdings

Nippon India Short Term Fund Direct Growth has allocated its funds majorly in Corporate, Financial Services, Government, Utilities, Energy, Consumer Cyclical, Cash Equivalent, Securitize. Its top holdings are 7.17% Govt Stock 2030, 7.1% Govt Stock 2029, Small Industries Development Bank Of India, India Grid TRust, Rural Electrification Corporation Limited

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.

Fund Performance
zero opening, trading, fund transfer fee
3163 people have invested ₹ 2Cr in Nippon India Short Term Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.37%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹5434 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
163.55%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
85.3%

AA
14.7%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
55.6%
Government
38.2%
Cash Equivalent
5.5%
Securitize
0.7%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.17% Govt Stock 2030
7.17% Govt Stock 2030
12.41%
30.8%
7.1% Govt Stock 2029
7.1% Govt Stock 2029
9.88%
1.7%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
3.05%
0%
India Grid TRust
India Grid TRust
2.93%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
2.76%
0%

Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Short Term Fund Direct Growth, since 25 May 2018
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

Mutual Fund Insights

Insights icon
In the last 1 year, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 8.13% return, outperforming this fund by 0.45%.
Insights icon
In the last 3 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 7.82% return, outperforming this fund by 1.67% per annum.
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Over the last 15 months, this fund has increased expense ratio by 8.8% moving from 0.34 to 0.37.
Insights icon
In the last 5 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 8.16% return, outperforming this fund by 0.95% per annum.
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Over the last 6 months, this fund has experienced a 9.9% drop in AUM moving from 6.03K Cr to 5.43K Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (short duration). Its expense ratio is 0.37% which is lower than the category average expense ratio of 0.71%.

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 8.09% since inception which is more than its category average return of 5.67%
AUM size ₹5434 Cr

AUM size ₹5434 Cr

This fund has AUM of ₹5434 Cr which is more than its category average of ₹ 3601 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 0.67%

Frequently Asked Questions

The current NAV of Nippon India Short Term Fund Direct Growth is ₹52.49 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Nippon India Short Term Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.71%
0.71%
6 Month Returns
4.03%
4.03%
1 Year Returns
7.68%
7.68%
3 Years Returns
19.6%
6.15%
5 Years Returns
41.66%
7.21%
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.
0.37% as on June 2024
₹5434 Cr as on June 2024
7.17% Govt Stock 2030(12.41%), 7.1% Govt Stock 2029(9.88%), Small Industries Development Bank Of India(3.05%), India Grid TRust(2.93%), Rural Electrification Corporation Limited(2.76%) as on June 2024
Corporate(58.62%), Government(38%), Cash Equivalent(2.69%) as on June 2024
Yield to Maturity is 7.73 as on June 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 2.78 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
85.34
AA
14.66
Kinjal Desai, Sushil Budhia, Vivek Sharma 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%