October 19, 2024
mayank
Nippon India CRISIL IBX AAA Financial Services-Jan 2028 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Nippon India CRISIL IBX AAA Financial Services-Jan 2028 Index Fund Open Date, Close Date?
NFO opens on October 15, 2024
NFO will close on October 21, 2024
What is the Investment Strategy?
The scheme seeks to provide investment returns that are commensurate with the total returns of the securities as represented by the CRISIL-IBX AAA Financial Services Index – Jan 2028 before expenses, subject to tracking errors. There is no assurance that the investment objective of the Scheme will be achieved.
Basic Details
| Fund House | Nippon India Mutual Fund |
| Issue Open | 15 October 2024 |
| Issue Close | 21 October 2024 |
| Type | Open-ended |
| Category | Debt: Target Maturity |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Moderate |
| Benchmark | CRISIL-IBX AAA Financial Services – Jan 2028 |
What is the Benchmark Index of Nippon India CRISIL IBX AAA Financial Services Jan 2028?
| CRISIL-IBX AAA Financial Services Index–Jan 2028 | |
| Target Date | 31st January 2028 |
| Eligible Period | Securities maturing in 6-month period ending 31st January 2028 |
| Asset Allocation | AAA – Corporate Bonds: 100% |
| Base Date | 6th October 2024 |
| Base index value | 1000 |
Index objective: Seeks to track the performance of AAA issuers from the financial services sector maturing near target date of the index. This is a sectoral index consisting of only issuers from financial services sector.
Eligibility criteria:
(♦) AAA-rated corporate bond issuers in the financial services sector with conservative rating of AAA only.
(♦.) Perpetual bonds, Floating rate bonds, Tax free bonds, CE/SO Rated, Partly Paid, Partial Redemption, Securitized debt and bonds with embedded call/put options are excluded from the universe of bonds.
(♦) Issuing entity should be domiciled in India and should satisfy either of the following amount outstanding criteria:
1. HFC issuers as available in the list mentioned on the nhb.org.in website with minimum outstanding amount of Rs.7000 Cr in all the bonds of the issuer across maturity.
2. NBFC issuers as available in the RBI list of Non-Banking Financial Companies (NBFCs) with minimum Outstanding amount of Rs.7000 Cr in all the bonds of the issuer across maturity.
3. Public Financial Institutions (PFIs) owned and managed by GOI as available in the RBI list of Public Financial Institutions (PFIs) with minimum outstanding amount of Rs.7000 Cr in all the bonds of the issuer across maturity.
4. Private and public sector banks as per RBI with minimum outstanding amount of Rs.3,30,000 Cr in all the bonds of the issuer across maturity.
Study about Benchmark Index in details
index-linked-products-methodology.pdf (Pages 112 to 114)
Performance Review of the Fund Managers of Nippon CRISIL IBX AAA Financial Services-Jan 2028?
1) 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.
Past Performance of his Schemes
| Fund | Nippon India ETF Nifty 1D Rate Liquid BeES | It’s Benchmark | Nippon India Liquid Fund | It’s Benchmark |
| 1 Year | 5.85 | 4.95 | 7.35 | 4.95 |
| 3 Year | 4.97 | 3.79 | 6.10 | 3.79 |
| 5 Year | 3.86 | 3.34 | 5.22 | 3.34 |
| 7 Year | 4.24 | 3.61 | 5.78 | 3.61 |
| 10 Year | 4.75 | 3.98 | 6.36 | 3.98 |
As on 19-10-2024
2) 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.
Past Performance of his Schemes
| Fund | Nippon India Ultra Short Duration Fund | It’s Benchmark | Nippon India Corporate Bond Fund | It’s Benchmark |
| 1 Year | 7.14 | 4.95 | 8.83 | 9.45 |
| 3 Year | 5.94 | 3.79 | 6.43 | 6.16 |
| 5 Year | 6.26 | 3.34 | 6.87 | 5.75 |
| 7 Year | 5.56 | 3.61 | 6.88 | 6.00 |
| 10 Year | 5.96 | 3.98 | 7.37 | 6.68 |
As on 19-10-2024
Which Company Owns Nippon CRISIL IBX AAA Financial Services Jan 2028 Index Fund?
Nippon Life India Asset Management Ltd.
Address: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400013
Website: https://mf.nipponindiaim.com/
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Is it good to invest in Nippon CRISIL IBX AAA Financial Services Jan 2028 NFO?
Guidance for Nippon India CRISIL IBX AAA Financial Services-Jan 2028 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
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