Nippon India Low Duration Fund-IDCW Monthly
(Scheme Rating)
NAV as of Aug 30, 2024
1,028.460.00%
- IDCW Monthly - Regular
- Bonus - Direct
- IDCW - Direct
- IDCW - Regular
- IDCW Monthly - Direct
- IDCW Weekly - Direct
- IDCW Quarterly - Direct
- IDCW Daily - Direct
- Growth - Direct
- Growth - Regular
- IDCW Quarterly - Regular
- IDCW Weekly - Regular
- IDCW Daily - Regular
- Bonus - Regular
- IDCW Monthly - Regular
- IDCW Weekly - Regular
- IDCW Daily - Regular
- Bonus - Regular
- Growth - Regular
- IDCW Quarterly - Regular
- IDCW Monthly - Regular
(Earn upto 0.56% Extra Returns with Direct Plan)
- IDCW Monthly - Regular
Fund Category:
Debt: Low Duration
Expense Ratio:
0.93%(0.76% Category
average)Fund Size:
Rs. 6,227.95 Cr(5.21% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Nippon India Low Duration Fund-IDCW Monthly
(Scheme Rating)
NAV as of Aug 30, 2024
1,028.460.00%
Expense Ratio:
0.93%
Fund Size:
Rs. 6,227.95 Cr
Fund Category:
Debt: Low Duration
1. Current NAV: The Current Net Asset Value of the Nippon India Low Duration Fund as of Aug 30, 2024 is Rs 1,028.46 for IDCW Monthly option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 7.04% (1yr), 5.6% (3yr), 5.98% (5yr) and 7.47% (since launch). Whereas, Category returns for the same time duration are: 7.12% (1yr), 5.8% (3yr) and 5.98% (5yr).
3. Fund Size: The Nippon India Low Duration Fund currently holds Assets under Management worth of Rs 6227.95 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.93% for Regular plan as on Aug 04, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Nippon India Low Duration Fund-IDCW Monthly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.55 1.77 3.61 7.01 5.60 5.97 Category Avg 0.55 1.80 3.68 7.08 5.80 5.98 Rank within Category 8 15 15 14 12 7 No. of funds within Category 20 20 20 20 20 20 - Loading...
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Return Comparison
- This Fund
- BenchmarkUTI Low Duration Reg-IDCWM
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Nippon India Low Duration Fund-IDCW Monthly Fund Details
Investment Objective - The scheme aims to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.
Fund House | Nippon India Mutual Fund |
Launch Date | Mar 20, 2007 |
Benchmark | CRISIL Low Duration Debt B-I Index |
Return Since Launch | 7.46% |
Riskometer | Low to Moderate |
Type | Open-ended |
Risk Grade | Average |
Return Grade | Above Average |
Nippon India Low Duration Fund-IDCW Monthly Investment Details
Minimum Investment (Rs.) | 500.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 100.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 0.93 | 1.08 | 0.5 | 0.8884 |
Average Maturity(Yrs) | 1.16 | 2.69 | 0.59 | 1.234 |
Yield to Maturity(%) | 7.8 | 8.2019 | 7.38 | 7.6603 |
Avg Credit Rating | Average | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 11.73 | 12.31 |
Low Risk | 83.89 | 82.87 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 4.38 | 4.83 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 0.18 | 5.92 |
CD | 28.31 | 25.07 |
T-Bills | 6.77 | 5.54 |
CP | 0.08 | 4.72 |
NCD & Bonds | 49.67 | 51.24 |
PTC | 6.00 | 0.97 |
Cash & Others | 8.99 | 6.34 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
Naomi 05 2024 0 | Long-term Debt | Construction | AAA | 2,772.32 | 4.45 | 20,000 |
Reserve Bank of India | Short-term Debt | Financial | SOV | 2,679.75 | 4.30 | - |
Punjab National Bank | Short-term Debt | Financial | A1+ | 2,391.77 | 3.84 | - |
National Bank For Agriculture & Rural Development | Long-term Debt | Financial | AAA | 1,947.37 | 3.13 | - |
India Grid Trust | Long-term Debt | Capital Goods | AAA | 1,744.70 | 2.80 | 1,750 |
7.71% Highways Infrastructure Trust 22/12/2025 | Long-term Debt | Construction | AAA | 1,717.99 | 2.76 | 1,750 |
HDFC Bank Ltd | Short-term Debt | Financial | A1+ | 1,685.91 | 2.71 | - |
Canara Bank | Short-term Debt | Financial | A1+ | 1,671.42 | 2.68 | - |
7.87% India Grid Trust 24/02/2027 | Long-term Debt | Capital Goods | AAA | 1,501.06 | 2.41 | 15,000 |
Reserve Bank of India | Short-term Debt | Financial | SOV | 1,490.60 | 2.39 | - |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Nippon India Low Duration Fund-IDCW Monthly 1,028.46 6,227.95 0.55 7.01 5.60 5.97 UTI Low Duration Fund Regular Plan-IDCW Monthly 1,306.48 2,849.09 0.58 7.30 7.57 7.04 Sundaram Low Duration Fund-IDCW Monthly 1,087.89 379.61 0.53 6.81 7.99 6.82 SBI Magnum Low Duration Fund-IDCW Monthly 1,441.35 11,204.01 0.54 7.09 5.53 5.57 Axis Treasury Advantage Fund Regular-IDCW Monthly 1,010.18 4,961.63 0.57 7.31 5.85 5.99
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
0.61VS0.95Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.28VS1.13Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
-0.19VS-0.16Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
-0.09VS-0.80Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
2.50VS2.38Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.42VS5.61Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- A.C.Anju ChhajerSince Oct 20097 schemes
- V.S.Vivek SharmaSince Feb 20207 schemes
Ms. Chhajer is a B.Com (H) and a Chartered Accountant. Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Nippon India Arbitrage Fund-IDCW Monthly Arbitrage 13.10 15,616.73 7.48 Nippon India Money Market Fund-IDCW Monthly Money Market 1,017.72 17,694.49 7.58 Nippon India Floating Rate Fund-IDCW Monthly Floater 11.10 7,764.33 7.74 Nippon India Liquid Fund-IDCW Monthly Liquid 1,584.95 32,733.81 7.30 Nippon India Equity Savings Fund - Segregated Portfolio 1 Regular-IDCW Monthly Equity Savings 0.24 Unrated 25.81 - Nippon India Liquid Fund Retail-IDCW Monthly Liquid 1,327.31 Unrated 32,733.81 6.71 Nippon India Low Duration Fund Retail Plan-IDCW Monthly Low Duration 1,030.33 Unrated 6,227.95 6.84 Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance). He has been associated with Nippon India Mutual Fund since 2006.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Nippon India Corporate Bond Fund-IDCW Monthly Corporate Bond 11.60 3,287.78 7.85 Nippon India Ultra Short Duration Fund-IDCW Monthly Ultra Short Duration 1,016.08 7,291.01 7.00 Nippon India Banking & PSU Debt Fund-IDCW Monthly Banking and PSU 10.66 5,345.36 7.45 Nippon India Short Term Fund-IDCW Monthly Short Duration 11.47 6,213.47 7.54 Nippon India Income Fund ( Monthly) Medium to Long Duration 10.77 337.75 8.08 Nippon India Low Duration Fund Retail Plan-IDCW Monthly Low Duration 1,030.33 Unrated 6,227.95 6.84 Nippon India Ultra Short Duration Fund - Segregated Portfolio 1 Regular-IDCW Monthly Ultra Short Duration 32.92 Unrated 24.07 -
More Nippon India Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Nippon India Small Cap Fund - Growth | 46,044.13 | -1.95 | 4.63 | 11.09 | 51.11 | 32.62 | |
CPSE ETF-Growth | 36,337.22 | 5.09 | 32.09 | 56.49 | 103.31 | 51.23 | |
Nippon India Liquid Fund-Growth | 35,418.60 | 0.59 | 1.82 | 3.54 | 7.17 | 5.27 | |
Nippon India Liquid Fund Retail-Growth | 35,418.60 | 0.56 | 1.69 | 3.25 | 6.54 | 4.63 | |
Nippon India Multi Cap Fund-Growth | 26,808.69 | 1.36 | 8.18 | 12.89 | 47.34 | 27.40 | |
Nippon India Growth Fund - Growth | 24,480.78 | -1.05 | 4.87 | 14.90 | 52.89 | 26.50 | |
Nippon India Large Cap Fund-Growth | 22,766.78 | 3.02 | 9.89 | 15.39 | 42.51 | 22.36 | |
Nippon India ELSS Tax Saver Fund-Growth | 14,287.55 | 1.98 | 8.33 | 15.88 | 40.29 | 19.76 | |
Nippon India Arbitrage Fund-Growth | 13,853.85 | 0.60 | 2.11 | 3.66 | 7.47 | 5.40 | |
Nippon India Money Market Fund-Growth | 13,164.78 | 0.72 | 1.91 | 3.65 | 7.63 | 5.66 |
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1. Nippon India Low Duration Fund is Open-ended Low Duration Debt scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Mar 20, 2007.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme aims to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities. "
2. It is benchmarked against CRISIL Low Duration Debt B-I Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Nippon India Low Duration Fund is 1.16 years and Duration is 0.93424658 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Nippon India Low Duration Fund-IDCW Monthly
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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- Nippon India Low Duration Fund-Bonus
- Nippon India Low Duration Fund Retail Plan-IDCW Monthly
- Nippon India Low Duration Fund Retail Plan-IDCW Weekly
- Nippon India Low Duration Fund Retail Plan-IDCW Daily
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- Nippon India Low Duration Fund-IDCW Quarterly
- Nippon India Low Duration Fund-IDCW Monthly
FAQs about Nippon India Low Duration Fund-IDCW Monthly
- Is it safe to invest in Nippon India Low Duration Fund?As per SEBI’s latest guidelines to calculate risk grades, investment in the Nippon India Low Duration Fund comes under Low to Moderate risk category.
- What is the category of Nippon India Low Duration Fund?Nippon India Low Duration Fund belongs to the Debt : Low Duration category of funds.
- How Long should I Invest in Nippon India Low Duration Fund?The suggested investment horizon of investing into Nippon India Low Duration Fund is 6 months – 1 year. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Nippon India Low Duration Fund?The Nippon India Low Duration Fund is managed by Anju Chhajer (Since Oct 09, 2009) and Vivek Sharma (Since Feb 01, 2020).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.