Nippon India Ultra Short Duration Fund Direct Growth Option
Debt
Direct
Ultra Short Duration
NAV: ₹ 4055.82 as on 26-04-2024
Fund Performance
699 people have invested ₹ 3.2Cr in Nippon India Ultra Short Duration Fund Direct Growth Option in the last three months
Mutual Fund Insights
Over the last 3 months, this fund has increased expense ratio by 5.6% moving from 0.36 to 0.38.
In the last 1 year, this fund has outperformed all funds in its category.
In the last 3 years, this fund has outperformed all funds in its category.
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%.
In the last 5 years, ICICI Prudential Ultra Short Term Fund Direct Plan Growth has given 6.61% return, outperforming this fund by 0.9% per annum.
About the Nippon India Ultra Short Duration Fund Direct Growth Option
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
- Nippon India Ultra Short Duration Fund Direct Growth Option has ₹5526 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 Ultra Short Duration Fund Direct Growth Option Overview
 | 0.38% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹5526 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 234.47% |
Nippon India Ultra Short Duration Fund Direct Growth Option Distribution as on (31-Dec-69)
Credit rating breakup
AAA
83.7%
AA
16.3%
Sector Allocation
Corporate
57.2%
Cash Equivalent
25.9%
Government
16.9%
Top Holdings of Nippon India Ultra Short Duration Fund Direct Growth Option as on (31-Mar-24)
Debt Holdings61
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 182 DTB 22082024 | 5.21% | 0% | |
Power Finance Corporation Limited | 3.92% | 0% | |
Indinfravit Trust | 3.89% | 0% | |
Punjab National Bank | 3.58% | 100% | |
Canara Bank | 3.58% | 0% |
See all
Nippon India Ultra Short Duration Fund Direct Growth Option: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 4.3K Cr as of Mar'24
- AUM decreased by 1.1K Cr between Mar'24 and Feb'24
Fund Portfolio Changes
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
Nippon India Ultra Short Duration Fund Direct Growth Option 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 7.16% since inception which is less than its category average return of 7.19%
AUM size ₹5526 Cr
This fund has AUM of ₹5526 Cr which is more than its category average of ₹ 2935 Cr
Expense Ratio 0.38%
This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.64%
Frequently Asked Questions
The current NAV of Nippon India Ultra Short Duration Fund Direct Growth Option is ₹4055.82 as on 26-Apr-2024.
Existing (Absolute + CAGR) as on 26-Apr-2024.
Nippon India Ultra Short Duration Fund Direct Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 0.82% | 0.82% |
6 Month Returns | 3.93% | 3.93% |
1 Year Returns | 7.73% | 7.73% |
3 Years Returns | 24.41% | 7.55% |
5 Years Returns | 32.01% | 5.71% |
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 2024
₹5526 Cr as on March 2024
182 DTB 22082024(5.21%), Power Finance Corporation Limited(3.92%), Indinfravit Trust(3.89%), Punjab National Bank(3.58%), Canara Bank(3.58%) as on March 2024
Corporate(54.75%), Cash Equivalent(26.05%), Government(19.2%) as on March 2024
Yield to Maturity is 8.15 as on March 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 0.51 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 83.74 |
AA | 16.26 |
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%