September 24, 2022
mayank
Nippon India Income Fund
NAV Growth: Rs 79.6247
NAV IDCW Yearly: Rs 14.0838
NAV IDCW Quarterly: Rs 13.3721
NAV IDCW Monthly: Rs 11.3279
NAV IDCW Half Yearly: Rs 13.0518
NAV Bonus: Rs 22.7536
Suitable For Which Investors?
“Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The scheme aims to generate capital appreciation of the portfolio and optimal returns consistent with moderate risk. The scheme will predominantly invest in debt instruments, while money market investment can also go up to 50 per cent.
Fund Manager:
1) Vivek Sharma
Education: Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).
Experience: He has been associated with Nippon India Mutual Fund since 2006.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 15 days |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.93% |
| Benchmark | NIFTY Medium to Long Duration Debt Index A-III |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 222 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.58% |
| (As on 31-Aug-2022) | |
| Risk Grade | Average |
| Return Grade | Average |
Nippon India Income Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Incm Dir | 1.91 | -0.16 | 0.58 | 2.63 | 1.77 | 1.68 | 5.92 | 6.68 | 7.66 | — |
| VR Bond | 1.45 | -0.25 | 0.34 | 1.74 | 1.2 | 1.96 | 4.31 | 5.2 | 5.93 | — |
| Debt: Medium to Long Duration | 1.27 | -0.24 | -0.09 | 1.83 | 1.12 | 1.76 | 5.75 | 5.78 | 6.84 | — |
| Rank within category | 3 | 4 | 2 | 1 | 3 | 5 | 8 | 5 | 2 | — |
| Number of funds in category | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 0 |
Nippon India Income 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 |
| Nippon Ind Incm Dir | 3 star | 1.68 | 5.92 | 6.68 | 0.58 | 222 | 7.93 | 0.25 (15) | 9yrs 8mo |
| ICICI Pru Bond Dir | 4 star | 1.85 | 6.67 | 6.77 | 0.56 | 2,446 | 8.07 | — | 9yrs 8mo |
| Kotak Bond Dir | 4 star | 1.17 | 6.60 | 6.70 | 0.63 | 1,589 | 7.67 | — | 9yrs 8mo |
| ABSL Incm Dir | 4 star | 1.20 | 6.63 | 6.66 | 0.49 | 1,555 | 7.93 | — | 9yrs 8mo |
| SBI Magnum Income Dir | 4 star | 1.83 | 7.29 | 7.21 | 0.80 | 1,540 | 8.12 | 1.00 (365) | 9yrs 8mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 10 | 19 |
| Modified Duration (yrs) | 6.54 | 4.27 |
| Average Maturity (yrs) | 9.20 | 6.50 |
| Yield to Maturity (%) | 7.09 | 7.00 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Nippon India Income Fund
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