Nippon India Strategic Debt Fund Direct-IDCW Quart...
(Scheme Rating)
NAV as of Aug 30, 2024
11.070.00%
- IDCW Quarterly - Direct
- IDCW Quarterly - Direct
- Bonus - Direct
- Growth - Direct
- IDCW - Direct
- IDCW Quarterly - Regular
- Growth - Regular
- IDCW - Regular
- Growth - Direct
- Bonus - Regular
- Bonus - Direct
- IDCW Quarterly - Direct
- IDCW - Direct
- IDCW - Regular
- Growth - Regular
- IDCW Quarterly - Regular
- Bonus - Direct
- IDCW Quarterly - Direct
- IDCW - Direct
- Growth - Direct
- Growth - Regular
- Bonus - Regular
- IDCW Quarterly - Regular
- IDCW - Regular
(Earn upto 0.55% Extra Returns with Direct Plan)
- IDCW Quarterly - Direct
Fund Category:
Debt: Medium Duration
Expense Ratio:
0.50%(0.58% Category
average)Fund Size:
Rs. 117.39 Cr(0.47% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Nippon India Strategic Debt Fund Direct-IDCW Quarterly
(Scheme Rating)
NAV as of Aug 30, 2024
11.070.00%
Expense Ratio:
0.50%
Fund Size:
Rs. 117.39 Cr
Fund Category:
Debt: Medium Duration
1. Current NAV: The Current Net Asset Value of the Nippon India Strategic Debt Fund - Direct Plan as of Aug 30, 2024 is Rs 11.07 for IDCW Quarterly option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.02% (1yr), 5.71% (3yr), 1.28% (5yr) and 4.43% (since launch). Whereas, Category returns for the same time duration are: 7.54% (1yr), 5.75% (3yr) and 5.79% (5yr).
3. Fund Size: The Nippon India Strategic Debt Fund - Direct Plan currently holds Assets under Management worth of Rs 117.39 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.5% for Direct plan as on Aug 08, 2024.
5. Exit Load: Nippon India Strategic Debt Fund - Direct Plan shall attract an Exit Load, "Exit load of 1% if redeemed within 12 months"
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
Nippon India Strategic Debt Fund Direct-IDCW Quarterly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.74 2.38 4.43 7.96 5.67 1.30 Category Avg 0.73 2.18 3.95 7.50 5.72 5.81 Rank within Category 11 5 6 12 11 14 No. of funds within Category 16 16 16 16 16 14 - Loading...
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Return Comparison
- This Fund
- BenchmarkAditya Birla SL Medium Term Direct-IDCWQ
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Nippon India Strategic Debt Fund Direct-IDCW Quarterly Fund Details
Investment Objective - The scheme seeks to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.
Fund House | Nippon India Mutual Fund |
Launch Date | Jun 26, 2014 |
Benchmark | CRISIL Medium Duration Debt C-III Index |
Return Since Launch | 4.43% |
Riskometer | Moderately High |
Type | Open-ended |
Risk Grade | Average |
Return Grade | Average |
Nippon India Strategic Debt Fund Direct-IDCW Quarterly Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 100.00 |
Exit Load Exit load of 1% if redeemed within 12 months |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 3.29 | 3.87 | 2.97 | 3.5917 |
Average Maturity(Yrs) | 4.48 | 6.35 | 4.09 | 5.0248 |
Yield to Maturity(%) | 7.99 | 8.357 | 7.0014 | 7.7415 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 35.92 | 46.11 |
Low Risk | 57.13 | 45.97 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 6.95 | 7.68 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 35.92 | 42.27 |
CD | - | 0.89 |
T-Bills | - | 0.88 |
CP | - | 0.05 |
NCD & Bonds | 51.04 | 43.07 |
PTC | 6.09 | 0.94 |
Cash & Others | 6.95 | 11.19 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
GOI | Long-term Debt | Sovereign | SOV | 203.33 | 17.32 | - |
6.59% Summit Digitel Infrastructure Pvt Ltd 16/06/2026 | Long-term Debt | Communication | AAA | 78.36 | 6.68 | 80 |
GOI | Long-term Debt | Sovereign | SOV | 50.62 | 4.31 | - |
GOI | Long-term Debt | Sovereign | SOV | 50.61 | 4.31 | - |
7.96% Pipeline Infrastructure (India) Pvt Ltd 11/03/2029 | Long-term Debt | Construction | AAA | 50.58 | 4.31 | 500 |
8.5% Aadhar Housing Finance Ltd 26/05/2026 | Long-term Debt | Financial | AA | 50.20 | 4.28 | 500 |
8.4% DLF Cyber City Developers Ltd 18/06/2027 | Long-term Debt | Construction | AA+ | 50.10 | 4.27 | 500 |
9.25% Shriram Housing Finance Ltd 04/10/2027 | Long-term Debt | Financial | AA+ | 50.14 | 4.27 | 500 |
8.8% Manappuram Finance Ltd 29/09/2025 | Long-term Debt | Financial | AA | 49.95 | 4.26 | 500 |
8.1% Century Textiles & Industries Ltd 25/04/2026 | Long-term Debt | Consumer Staples | AA | 50.00 | 4.26 | 500 |
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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 Strategic Debt Fund Direct-IDCW Quarterly 11.07 117.39 0.74 7.96 5.67 1.30 Aditya Birla Sun Life Medium Term Plan Direct-IDCW Quarterly 13.11 1,868.91 0.83 8.79 13.57 9.58 ICICI Prudential Medium Term Bond Fund Direct Plan-IDCW Quarterly 11.35 6,053.65 0.77 8.27 6.68 7.93 Axis Strategic Bond Fund Direct-IDCW Quarterly 10.43 1,941.86 0.82 8.88 6.88 7.81 SBI Magnum Medium Duration Fund Direct -IDCW Quarterly 19.99 5,876.23 0.75 8.11 6.30 7.60
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
1.56VS2.11Fund 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.
Low Volatality
0.76VS0.86Fund 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
0.01VS0.25Fund 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.
Poor risk-adjusted returns
0.01VS0.75Fund 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.
Poor risk-adjusted returns
-0.20VS0.51Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.55VS6.28Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- S.B.Sushil BudhiaSince Feb 20208 schemes
Mr. Budhia has done CA Prior to joining Nippon India Mutual Fund, he has worked with YES Bank as Senior President, Axis Bank and UTI Mutual Fund.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Nippon India Credit Risk Fund Direct-IDCW Quarterly Credit Risk 13.64 1,029.74 8.61 Nippon India Short Term Fund Direct-IDCW Quarterly Short Duration 15.34 6,213.47 8.14 Nippon India Equity Hybrid Fund Direct-IDCW Quarterly Aggressive Hybrid 28.00 3,824.13 33.07 Nippon India Hybrid Bond Fund Direct-IDCW quaterly Conservative Hybrid 12.91 825.65 10.80 Nippon India Equity Savings Fund Direct-IDCW Quarterly Equity Savings 14.36 531.13 14.27 Nippon India Strategic Debt Fund - Segregated Portfolio 1 Direct-IDCW Quarterly Medium Duration 0.13 Unrated 6.14 - Nippon India Hybrid Bond Fund - Segregated Portfolio 1 Direct-IDCW Quarterly Conservative Hybrid 1.09 Unrated 33.63 - Nippon India Credit Risk Fund - Segregated Portfolio 1 Direct-IDCW Quarterly Credit Risk 0.25 Unrated 23.58 -
More Nippon India Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Nippon India Small Cap Fund Direct- Growth | 51,566.11 | 7.52 | 24.84 | 24.41 | 58.99 | 35.66 | |
Nippon India Liquid Fund Direct-Growth | 33,603.87 | 0.61 | 1.88 | 3.79 | 7.38 | 5.80 | |
Nippon India Multi Cap Fund Direct-Growth | 31,963.02 | 6.98 | 20.50 | 26.64 | 54.81 | 34.01 | |
Nippon India Growth Fund Direct- Growth | 27,931.43 | 8.46 | 24.17 | 23.15 | 60.81 | 32.03 | |
Nippon India Large Cap Fund Direct-Growth | 26,925.10 | 5.25 | 11.69 | 18.01 | 40.85 | 25.70 | |
Nippon India Money Market Fund Direct-Growth | 16,562.01 | 0.65 | 1.96 | 3.98 | 7.61 | 6.14 | |
Nippon India Arbitrage Fund Direct-Growth | 15,157.75 | 0.68 | 2.14 | 4.41 | 8.46 | 6.40 | |
Nippon India ELSS Tax Saver Fund Direct-Growth | 15,026.04 | 6.07 | 15.20 | 20.06 | 46.05 | 23.51 | |
Nippon India Balanced Advantage Fund Direct-Growth | 8,042.99 | 3.09 | 7.64 | 11.61 | 25.27 | 14.20 | |
Nippon India Floating Rate Fund Direct-Growth | 7,955.53 | 0.69 | 1.96 | 4.03 | 7.60 | 5.88 |
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1. Nippon India Strategic Debt Fund - Direct Plan is Open-ended Medium Duration Debt scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Jun 26, 2014.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity. "
2. It is benchmarked against CRISIL Medium Duration Debt C-III 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 Strategic Debt Fund - Direct Plan is 4.48 years and Duration is 3.29397282 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 Strategic Debt Fund Direct-IDCW Quarterly
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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FAQs about Nippon India Strategic Debt Fund Direct-IDCW Quarterly
- Is it safe to invest in Nippon India Strategic Debt Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Nippon India Strategic Debt Fund - Direct Plan comes under Moderately High risk category.
- What is the category of Nippon India Strategic Debt Fund - Direct Plan?Nippon India Strategic Debt Fund - Direct Plan belongs to the Debt : Medium Duration category of funds.
- How Long should I Invest in Nippon India Strategic Debt Fund - Direct Plan?The suggested investment horizon of investing into Nippon India Strategic Debt Fund - Direct Plan is >3 years. 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 Strategic Debt Fund - Direct Plan?The Nippon India Strategic Debt Fund - Direct Plan is managed by Kinjal Desai (Since May 25, 2018) and Sushil Budhia (Since Feb 01, 2020).
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