Nippon India Ultra Short Duration Fund Direct Growth Option
Debt
Direct
Ultra Short Duration
NAV: ₹ 3742.2 as on 31-03-2023
Fund Performance
456 people have invested ₹ 1.6Cr in mutual fund in the last three months
Fund Insights
In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has outperformed all funds in its category
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has outperformed all funds in its category
In the last 5 years, PGIM India Ultra Short Duration Fund Direct Plan Growth has given 7.26% return, outperforming Nippon India Ultra Short Duration Fund Direct Growth Option by 1.34% per annum
Nippon India Ultra Short Duration Fund Direct Growth Option expense ratio is slightly on the lower side within the category (ultra short duration). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.55%
Over the last 1 month, Nippon India Ultra Short Duration Fund Direct Growth Option has experienced a 6.2% drop in AUM moving from 5.04K Cr to 4.73K Cr
Nippon India Ultra Short Duration Fund Direct Growth Option Performance as on (31-Mar-23)
About the Fund
Nippon India Ultra Short Duration Fund Direct Growth Option is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai, Vivek Sharma. This fund is suitable to keep your money safe.
Key parameters
1) Nippon India Ultra Short Duration Fund Direct Growth Option has a NAV of ₹3742.2307 as on 31-03-2023.
2) Nippon India Ultra Short Duration Fund Direct Growth Option has ₹4732 Cr worth of assets under management (AUM) as on 28-02-2023 and is more than category average.
3) The fund has an expense ratio 0.38 %.
Nippon India Ultra Short Duration Fund Direct Growth Option Overview
 | 0.38% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹4732 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 267.65% |
Fund Distribution as on (28-Feb-23)
Credit rating breakup
AAA
78.7%
AA
21.3%
Sector Allocation
Cash Equivalent
44.1%
Corporate
35.7%
Government
20.2%
Top Holdings of Nippon India Ultra Short Duration Fund Direct Growth Option as on (31-Mar-23)
Debt Holdings68
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 Triparty Repo | 11.86% | 0% | |
Canara Bank | 4.81% | 0% | |
182 DTB 10082023 | 3.79% | 0% | |
Vedanta Limited | 3.41% | 0% | |
Tata Realty And Infrastructure Limited | 2.92% | 0% |
See all
Nippon India Ultra Short Duration Fund Direct Growth Option: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.52% whereas the fund’s underlying benchmark Ultra Short Duration Index returns stands at 0.42% as on Feb'23
- This fund outperformed Ultra Short Duration Index by 0.10% in Feb'23
AUM Change
- AUM of the fund stands at 5K Cr as of Feb'23
- AUM increased by 68.7 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
Reliance Industries Limited's allocation increased from 0.49% to 2%
Shriram Finance Limited's allocation increased from 0.51% to 1.79%
National Housing Bank's allocation increased from 1.94% to 2.47%
Top Stocks sold last month
Piramal Capital & Housing Finance Limited's allocation decreased from 2.36 % to 1.29 %
Manappuram Finance Limited's allocation decreased from 1.35 % to 1.17 %
Shriram Finance Limited's allocation decreased from 1.79 % to 0.89 %
Cash allocation has gone up from 72% to 77.9%
Debt allocation has gone down from 28% to 22.1%
Top 2 Sectors in February were Corporate, Government
Feb'23
Corporate
36%
Government
20%
Jan'23
Corporate
44%
Government
16%
Peer Analysis
Nippon India Ultra Short Duration Fund Direct Growth Option Fund Manager
Kinjal Desai
Fund Manager of Nippon India Ultra Short Duration Fund Direct Growth Option, since 25 May 2018
Top funds managed
Vivek Sharma
Fund Manager of Nippon India Ultra Short Duration Fund Direct Growth Option, since 1 October 2013
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 7.1% since inception which is more than its category average return of 7.08%
AUM size ₹4732 Cr
This fund has AUM of ₹4732 Cr which is more than its category average of ₹ 2811 Cr
Expense Ratio 0.38%
This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.62%
Frequently Asked Questions
The current NAV of Nippon India Ultra Short Duration Fund Direct Growth Option is 3735.33 as on 28-Mar-2023.
Existing (Absolute + CAGR)
Nippon India Ultra Short Duration Fund Direct Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | 3.46% | 3.46% |
1 Year Returns | 5.9% | 5.9% |
3 Years Returns | 21.81% | 6.8% |
5 Years Returns | 33.13% | 5.89% |
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.
0.38 as on March 2023
4732 Cr as on March 2023
Yield to Maturity is 7.83 as on March 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 0.38 as on March 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 78.66 |
AA | 21.34 |
Kinjal Desai,Vivek Sharma are the fund managers of Nippon India Ultra Short Duration Fund Direct Growth Option
The Exit load of Nippon India Ultra Short Duration Fund Direct Growth Option is 0%