Nippon India Ultra Short Duration Fund Direct Growth Option

Nippon India Ultra Short Duration Fund Direct Growth Option

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Debt
Direct
Ultra Short Duration
NAV: ₹ 4072.27 as on 17-05-2024

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 ₹5654 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.
Fund Performance
zero opening, trading, fund transfer fee
785 people have invested ₹ 3.4Cr in Nippon India Ultra Short Duration Fund Direct Growth Option in the last three months

Overview

Expense ratio
Expense ratio
0.38%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹5654 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
234.47%

Nippon India Ultra Short Duration Fund Direct Growth Option Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
81.2%
AA
18.8%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
62.1%
Cash Equivalent
22.6%
Government
15.3%

Top Holdings of Nippon India Ultra Short Duration Fund Direct Growth Option as on (30-Apr-24)

  • Debt & Cash

Debt Holdings63
Holdings
Weight%
1M Change
Power Finance Corporation Limited
Power Finance Corporation Limited
4.71%
23.3%
HDFC Bank Limited
HDFC Bank Limited
4.15%
25%
Indinfravit Trust
Indinfravit Trust
3.8%
0%
Punjab National Bank
Punjab National Bank
3.51%
0%
Canara Bank
Canara Bank
3.51%
0%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 5.7K Cr
₹ 4.3K Cr
₹ 5.5K Cr
  • AUM of the fund stands at 5.7K Cr as of Apr'24
  • AUM increased by 1.3K Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 5.3% drop in AUM moving from 5.97K Cr to 5.65K Cr.
Insights icon
Over the last 6 months, this fund has increased expense ratio by 2.7% moving from 0.37 to 0.38.
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In the last 1 year, this fund has outperformed all funds in its category.
Insights icon
This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.56%.
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In the last 3 years, this fund has outperformed all funds in its category.
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In the last 5 years, ICICI Prudential Ultra Short Term Fund Direct Plan Growth has given 6.58% return, outperforming this fund by 0.63% per annum.

Fund Manager

Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Ultra Short Duration Fund Direct Growth Option, since 25 May 2018
Vivek Sharma
Vivek Sharma
Fund Manager of Nippon India Ultra Short Duration Fund Direct Growth Option, since 1 October 2013

Nippon India Ultra Short Duration Fund Direct Growth Option 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 7.16% since inception which is less than its category average return of 7.17%
AUM size ₹5654 Cr

AUM size ₹5654 Cr

This fund has AUM of ₹5654 Cr which is more than its category average of ₹ 3035 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 0.64%

Frequently Asked Questions

The current NAV of Nippon India Ultra Short Duration Fund Direct Growth Option is ₹4072.27 as on 17-May-2024.
Existing (Absolute + CAGR) as on 17-May-2024.
Nippon India Ultra Short Duration Fund Direct Growth Option
Absolute Returns
CAGR Returns
1 Month Returns
0.58%
0.58%
6 Month Returns
3.9%
3.9%
1 Year Returns
7.7%
7.7%
3 Years Returns
24.52%
7.58%
5 Years Returns
33.53%
5.95%
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 April 2024
₹5654 Cr as on April 2024
Power Finance Corporation Limited(4.71%), HDFC Bank Limited(4.15%), Indinfravit Trust(3.8%), Punjab National Bank(3.51%), Canara Bank(3.51%) as on April 2024
Corporate(62.07%), Cash Equivalent(22.6%), Government(15.33%) as on April 2024
Yield to Maturity is 7.83 as on April 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 0.45 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
81.15
AA
18.85
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%