Nippon India Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl

Debt
Direct
Ultra Short Duration
Nippon India Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl

About the Fund

Nippon India Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl 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 Monthly Reinvestment Income Dist cum Cap Wdrl has ₹6323 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 Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl has given a CAGR return of 5.70% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.24%, 6.60% and 5.69% respectively.

Holdings

Nippon India Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government. Its top holdings are Power Finance Corporation Limited, HDFC Bank Limited, Indinfravit Trust, National Bank For Agriculture And Rural Development, Canara Bank

Taxation

As it is a ultra 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 Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity 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 Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
4 people have invested ₹ 2L in Nippon India Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl in the last three months

Fund Overview

Expense ratio
Expense ratio
0.38%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹6323 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%

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
83.7%

AA
16.3%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
59%
Cash Equivalent
30.6%
Government
10.5%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
Power Finance Corporation Limited
Power Finance Corporation Limited
4.21%
0%
HDFC Bank Limited
HDFC Bank Limited
3.73%
0%
Indinfravit Trust
Indinfravit Trust
3.4%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
3.37%
50%
Canara Bank
Canara Bank
3.16%
0%

Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl, since 25 May 2018
Vivek Sharma
Vivek Sharma
Fund Manager of Nippon India Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl, since 1 October 2013

Nippon India Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl 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 5.7% since inception which is less than its category average return of 7.17%
AUM size ₹6323 Cr

AUM size ₹6323 Cr

This fund has AUM of ₹6323 Cr which is more than its category average of ₹ 3090 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 0.65%

Frequently Asked Questions

The current NAV of Nippon India Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl is ₹1028.06 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Nippon India Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.02%
0.02%
6 Month Returns
2.58%
2.58%
1 Year Returns
6.24%
6.24%
3 Years Returns
21.13%
6.6%
5 Years Returns
31.9%
5.69%
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 May 2024
₹6323 Cr as on May 2024
Power Finance Corporation Limited(4.21%), HDFC Bank Limited(3.73%), Indinfravit Trust(3.4%), National Bank For Agriculture And Rural Development(3.37%), Canara Bank(3.16%) as on May 2024
Corporate(58.98%), Cash Equivalent(30.56%), Government(10.47%) as on May 2024
Yield to Maturity is 7.85 as on May 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 May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
83.66
AA
16.34
Kinjal Desai, Vivek Sharma are the fund managers of Nippon India Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl
The Exit load of Nippon India Ultra Short Duration Fund Direct Monthly Reinvestment Income Dist cum Cap Wdrl is 0%