September 23, 2022
mayank
Nippon India ETF Nifty 8-13 yr G-Sec Long Term Gilt
NAV IDCW: Rs 22.6087
Suitable For Which Investors?
“This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors’ money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy:
The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty 8-13 yr G-Sec Index before expenses, subject to tracking errors.
Fund Manager:
1) Pranay Sinha
Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.
Experience: Prior to joining Nippon India Mutual Fund, he has worked with ABSLAMC, BNP Paribas Bank (October 2010 – August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 – October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 – March 2008).
2) Siddharth Deb
Education: Mr. Deb is a B.Sc and MMS (Finance).
Experience: Prior to joining Nippon India Mutual Fund he has worked with Benchmark Asset Management Co. Pvt. Ltd. and Fullerton India Credit Company Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 05-Jul-16 |
| Return Since Launch | 6.36% |
| Benchmark | NIFTY 8-13 yr G-Sec Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 1,055 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.09% |
| (As on 31-Aug-2022) | |
| Risk Grade | — |
| Return Grade | — |
Nippon India ETF Nifty 8-13 yr G-Sec Long Term Gilt Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind ETF Nifty 8-13 yr G-Sec LT Gilt | -0.91 | -0.46 | 0.18 | 2.41 | 0.49 | -1.07 | 4.53 | 5.59 | — | — |
| CCIL All Sovereign Bond – TRI | 0.53 | -0.27 | 0.87 | 3.22 | 0.86 | 0.63 | 5.67 | 6.71 | — | — |
| Debt: Gilt | 0.55 | -0.25 | 0.01 | 1.69 | 0.66 | 0.57 | 5.22 | 5.75 | — | — |
| Rank within category | 28 | 29 | 13 | 4 | 19 | 27 | 20 | 15 | — | — |
| Number of funds in category | 28 | 30 | 30 | 29 | 29 | 27 | 25 | 25 | 24 | 21 |
Nippon India ETF Nifty 8-13 yr G-Sec Long Term Gilt Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age |
| Nippon Ind ETF Nifty 8-13 yr G-Sec LT Gilt | Unrated | -1.07 | 4.53 | 5.59 | 0.09 | 1,055 | 6.36 | — | 6yrs 2mo |
| SBI Magnum Gilt Reg | 5 star | 2.28 | 6.39 | 6.64 | 0.94 | 3,670 | 7.98 | — | 21yrs 9mo |
| ICICI Pru Gilt Reg | 4 star | 2.01 | 6.99 | 6.74 | 1.14 | 2,395 | 9.57 | — | 23yrs 1mo |
| IDFC GSF Investment Reg | 4 star | -0.15 | 5.89 | 6.64 | 1.24 | 1,404 | 7.84 | — | 13yrs 9mo |
| ABSL Govt Securities Reg | 4 star | 0.35 | 5.62 | 6.17 | 0.94 | 1,286 | 8.56 | — | 22yrs 11mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 5 | 12 |
| Modified Duration (yrs) | 7.00 | 3.54 |
| Average Maturity (yrs) | 9.95 | 5.52 |
| Yield to Maturity (%) | 7.33 | 6.71 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Nippon India ETF Nifty 8-13 yr G-Sec Long Term Gilt
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