September 24, 2022
mayank
Nippon India Hybrid Bond Fund
NAV Growth: Rs 48.8610
NAV IDCW Quarterly: Rs 12.4362
NAV IDCW Monthly: Rs 11.5198
Suitable For Which Investors?
“Conservative hybrid funds invest roughly a quarter of your money in equity shares and the rest in bonds. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than returns from fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt portion of these funds provides a moderate, but steady stream of income. The small equity allocation though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The scheme primarily aims to generate regular income in order to make regular dividend payments to unitholders while the secondary objective is growth of capital.
Fund Manager:
1) Dhrumil Shah
Education: Mr. Shah is B.com and C.A
Experience: Prior to joining Nippon India Mutual Fund, he has worked with Birla Sun Life Insurance as AVP Investments, Equity Fund Management and Research and ASK investment Managers as Portfolio Manager, Equity Fund Management and Research.
2) Sushil Budhia
Education: Mr. Budhia has done CA
Experience: Prior to joining Nippon India Mutual Fund, he has worked with YES Bank as Senior President, Axis Bank and UTI Mutual Fund.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 60 |
| Min. Balance (Rs) | 1 |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.95% |
| Benchmark | CRISIL Hybrid 85+15 Conservative Index |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 728 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 1.25% |
| (As on 31-Aug-2022) | |
| Risk Grade | Above Average |
| Return Grade | Low |
| Turnover | — |
Nippon India Hybrid Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Hybrid Bond Dir | 3.08 | -0.25 | 0.03 | 2.99 | 1.97 | 4.65 | 2.14 | 2.87 | 5.05 | — |
| VR MIP TRI | 1.27 | -0.85 | -0.38 | 5.59 | 1.3 | 0.56 | 8.35 | 7.98 | 8.48 | — |
| Hybrid: Conservative Hybrid | 2.35 | -0.52 | 0.04 | 4.3 | 2.33 | 3.25 | 8.28 | 6.98 | 8.15 | — |
| Rank within category | 11 | 1 | 20 | 33 | 16 | 8 | 29 | 28 | 27 | — |
| Number of funds in category | 34 | 35 | 35 | 35 | 35 | 34 | 30 | 28 | 27 | 0 |
Nippon India Hybrid Bond Fund 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 | Turnover (%) |
| Nippon Ind Hybrid Bond Dir | 1 star | 4.65 | 2.14 | 2.87 | 1.25 | 728 | 6.95 | 1.00 (365) | 9yrs 8mo | — |
| SBI Cons Hybrid Dir | 4 star | 6.17 | 11.16 | 8.40 | 0.57 | 6,561 | 9.80 | 1.00 (365) | 9yrs 8mo | — |
| ICICI Pru Regular Svngs Dir | 5 star | 5.06 | 9.97 | 8.97 | 0.99 | 3,310 | 10.63 | 1.00 (365) | 9yrs 8mo | 60.00 |
| Kotak Debt Hybrid Dir | 5 star | 4.23 | 12.18 | 9.72 | 0.45 | 1,582 | 10.65 | 1.00 (180) | 9yrs 8mo | 24.23 |
| Canara Robeco Cons Hybrid Dir | 5 star | 2.30 | 10.41 | 8.92 | 0.56 | 1,162 | 9.77 | 1.00 (365) | 9yrs 8mo | 242.00 |
Portfolio Analysis
| Number of Stocks | 51 |
| Number of Bonds | 46 |
| Average Maturity (yrs) | 1.97 |
| Top 10 Holdings | 37.92% |
| Portfolio P/B Ratio | 3.26 |
| Portfolio P/E Ratio | 21.69 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 4,14,989 | 1,85,079 |
| Giant (%) | 83.43 | 56.24 |
| Large (%) | 16.57 | 17.87 |
| Mid (%) | — | 19.60 |
| Small (%) | — | 9.16 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 96 | 50 |
| Modified Duration (yrs) | 1.61 | 2.91 |
| Average Maturity (yrs) | 1.97 | 4.70 |
| Yield to Maturity (%) | 8.49 | 6.86 |
| Avg Credit Rating | AA | — |
Chanakya’s Mutual Fund Guidance For Nippon India Hybrid Bond Fund
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