October 28, 2022
mayank
Guidance for NFO of Nippon India Nifty SDL Plus G-Sec – Jun 2028 Maturity 70:30 Index Fund
by Paresh Gordhandas, Research Analyst.
Updated Soon
NFO of Nippon India Nifty SDL Plus G-Sec – Jun 2028 Maturity 70:30 Index Fund
NFO opens on November 07 ,2022
NFO will close on November 18 ,2022
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to provide investment returns corresponding to the total returns of the securities as represented by the Nifty SDL Plus G-Sec Jun 2028 70:30 Index before expenses, subject to tracking errors.
Basic Details
| Fund House | Nippon India Mutual Fund |
| Issue Open | 07 November 2022 |
| Issue Close | 18 November 2022 |
| 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 | Nifty SDL Plus G-Sec Jun 2028 70:30 |
About Benchmark Index
Nifty SDL Plus G-Sec Jun 2028 30:70 Index seeks to measure the performance of portfolio of SDLs and G-Secs maturing during the twelve month period ending June 30, 2028.
Methodology Features
i. Index represents the performance of maturity-targeted
SDL and G-Sec market
ii. Index holds SDLs and G-Secs, maturing during the twelve
month period ending June 30, 2028
iii. The index is rebalanced on an annual basis
iv. Weight of each State/UT in the index is capped at 15%
Features
➢ Methodology: Total Return
➢ No. of Constituents: 14
➢ No. of Issuer in the index: 11
➢ Base Value: 1000
➢ Base Date: March 02, 2022
➢ Index Maturity Date: June 30, 2028
Index Level Average Statistics
| Index Name | Yield | Residual Maturity | Macaulay’s Duration |
| Nifty SDL Plus G-Sec Jun 2028 30:70 Index | 6.59% | 5.89 | 4.75 |
Issuer Level Average Statistics
| Sr. no. | Issuer Name | Yield | Residual Maturity | Macaulay’s Duration |
| 1 | MAHARASHTRA GOVERNMENT | 6.82% | 5.99 | 4.99 |
| 2 | GUJARAT GOVERNMENT | 6.87% | 6.19 | 4.9 |
| 3 | KARNATAKA GOVERNMENT | 6.81% | 6.05 | 4.88 |
| 4 | TELENGANA GOVERNMENT | 6.86% | 6.28 | 5.11 |
| 5 | CHHATTISGARH GOVERNMENT | 6.73% | 6.07 | 4.79 |
| 6 | MADHYA PRADESH GOVERNMENT | 6.85% | 6.25 | 4.95 |
| 7 | TAMIL NADU GOVERNMENT | 6.83% | 6.23 | 4.93 |
| 8 | HARYANA GOVERNMENT | 6.75% | 6.12 | 4.86 |
| 9 | UTTAR PRADESH GOVERNMENT | 6.83% | 6.33 | 5.01 |
| 10 | BIHAR GOVERNMENT | 6.77% | 6.07 | 4.79 |
| 11 | GOVERNMENT OF INDIA | 6.43% | 5.42 | 4.49 |
| 12 | GOVERNMENT OF INDIA | 6.41% | 5.56 | 4.45 |
| 13 | GOVERNMENT OF INDIA | 6.52% | 5.86 | 4.85 |
| 14 | GOVERNMENT OF INDIA | 6.61% | 6.26 | 4.94 |
Fund Manager
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 ETF Hang Seng BeES | It’s Benchmark |
| 1 Year | 3.46 | 2.18 | -32.69 | 0.05 |
| 3 Year | 2.65 | 2.50 | -10.46 | 18.80 |
| 5 Year | 3.63 | 3.21 | -5.23 | 12.43 |
| 7 Year | 4.15 | 3.56 | -0.34 | 13.60 |
| 10 Year | 5.02 | 4.15 | 3.19 | 14.47 |
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 | 4.11 | 2.18 | 3.63 | 2.52 |
| 3 Year | 5.80 | 2.50 | 6.13 | 4.23 |
| 5 Year | 5.02 | 3.21 | 6.46 | 5.21 |
| 7 Year | 5.42 | 3.56 | 6.93 | 5.81 |
| 10 Year | 6.27 | 4.15 | 7.52 | 6.58 |
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Welcome to post your MF questions @ sahifund.com/ask-me/
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