September 22, 2022
mayank
Nippon India Corporate Bond Fund
NAV Growth: Rs 50.2969
NAV IDCW Weekly: Rs 17.0704
NAV IDCW Quarterly: Rs 12.0064
NAV IDCW Monthly: Rs 11.6578
NAV IDCW: Rs 15.9377
NAV Bonus: Rs 35.9097
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate income through investments predominantly in debt instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.
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) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 60 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.97% |
| Benchmark | NIFTY Corporate Bond Index B-III |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 1,653 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.27% |
| (As on 31-Jul-2022) | |
| Risk Grade | Low |
| Return Grade | Above Average |
Nippon India Corporate Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Corp Bond Dir | 2.75 | -0.07 | 0.51 | 2.03 | 1.84 | 3.76 | 6.52 | 6.92 | 7.51 | — |
| VR Bond | 1.91 | -0.16 | 1.11 | 2.76 | 1.76 | 2.66 | 4.45 | 5.26 | 6.05 | — |
| Debt: Corporate Bond | 1.78 | -0.08 | 0.42 | 1.92 | 1.11 | 2.52 | 6.25 | 6.71 | 7.45 | — |
| Rank within category | 2 | 15 | 5 | 8 | 3 | 2 | 9 | 8 | 8 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 21 | 19 | 14 | 12 | 0 |
Nippon India Corporate 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 |
| Nippon Ind Corp Bond Dir | 5 star | 3.76 | 6.52 | 6.92 | 0.27 | 1,653 | 7.97 | — | 9yrs 8mo |
| ICICI Pru Corp Bond Dir | 4 star | 3.84 | 6.86 | 7.17 | 0.27 | 15,495 | 8.28 | — | 9yrs 8mo |
| ABSL Corp Bond Dir | 4 star | 3.19 | 6.91 | 7.25 | 0.30 | 13,769 | 8.31 | — | 9yrs 8mo |
| Kotak Corp Bond Dir | 4 star | 3.16 | 6.22 | 7.07 | 0.3 | 8,723 | 8.09 | — | 9yrs 8mo |
| Axis Corp Debt Dir | 5 star | 3.57 | 7.26 | 7.32 | 0.24 | 3,367 | 7.39 | — | 5yrs 2mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 49 | 65 |
| Modified Duration (yrs) | 1.80 | 1.87 |
| Average Maturity (yrs) | 2.31 | 2.59 |
| Yield to Maturity (%) | 7.22 | 6.87 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance for Nippon India Corporate Bond Fund
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