March 17, 2023
mayank
Guidance for Nippon India Fixed Horizon Fund XLV – Series 2 NFO
by Paresh Gordhandas, C.A., Research Analyst.
Upcoming Soon
Nippon India Fixed Horizon Fund XLV – Series 2 NFO
NFO opens on March 16, 2023
NFO will close on March 20, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to generate returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and Other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
Basic Details
| Fund House | Nippon India Mutual Fund |
| Issue Open | 16 March 2023 |
| Issue Close | 20 March 2023 |
| Type | Closed-end |
| Category | Debt: Fixed Maturity |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Tenure (Days) | 187 |
| Riskometer | Moderate |
| Benchmark | NIFTY Low Duration Debt Index |
About Benchmark Index
NIFTY Fixed Income Aggregate Indices consist of 13 indices which measure the performance of various fixed income portfolios covering Government securities, Corporate bonds of different credit rating categories, Commercial papers, Certificate of deposits, T-Bills and Overnight rate.
| Index Characteristics | |
| Methodology | Total Returns |
| Launch Date | February 09, 2018 |
| Base Date | September 03, 2001 |
| Base Value | 1000 |
| Calculation Frequency | Daily – End of day |
| Weight Reset Frequency | Monthly |
Statistics
| Index Name | Avg. Macaulay Duration* | Avg. Modified Duration* | Avg. Maturity* | Avg. Yield %* | 3 M | 6 M | 1 Yr. | 3 Yr. | Since Inception |
| NIFTY Liquid Index | 0.07 | 0.07 | 0.08 | 7.17 | 1.64 | 3.16 | 5.54 | 4.32 | 6.82 |
| NIFTY Ultra Short Duration Debt Index | 0.27 | 0.25 | 0.28 | 7.98 | 1.74 | 3.28 | 5.77 | 4.97 | 7.43 |
| NIFTY Low Duration Debt Index | 0.61 | 0.56 | 0.61 | 8.06 | 1.65 | 2.94 | 5.02 | 5.02 | 7.44 |
| NIFTY Money Market Index | 0.35 | 0.32 | 0.35 | 7.66 | 1.64 | 3.07 | 5.31 | 4.57 | 7.07 |
| NIFTY Short Duration Debt Index | 1.83 | 1.71 | 1.97 | 7.93 | 1.23 | 2.38 | 3.68 | 5.62 | 7.63 |
| NIFTY Medium Duration Debt Index | 3.26 | 3.06 | 3.75 | 7.94 | 0.87 | 1.97 | 2.37 | 5.83 | 7.68 |
| NIFTY Medium to Long Duration Debt Index | 5.50 | 5.21 | 7.19 | 7.86 | 0.80 | 1.93 | 2.73 | 5.58 | 7.72 |
| NIFTY Long Duration Debt Index | 7.96 | 7.57 | 13.56 | 7.79 | 0.80 | 2.24 | 3.10 | 5.21 | 7.72 |
| NIFTY Composite Debt Index | 4.84 | 4.59 | 6.87 | 7.89 | 0.92 | 2.11 | 3.03 | 5.64 | 7.71 |
| NIFTY Corporate Bond Index | 2.43 | 2.25 | 2.68 | 8.21 | 1.13 | 2.27 | 3.36 | 6.20 | 8.02 |
| NIFTY Credit Risk Bond Index | 1.81 | 1.68 | 1.99 | 9.69 | 1.84 | 3.73 | 6.35 | 8.15 | 8.82 |
| NIFTY Banking & PSU Debt Index | 2.44 | 2.29 | 2.89 | 7.90 | 1.12 | 2.09 | 3.13 | 5.36 | 7.59 |
| NIFTY All Duration G-Sec Index | 6.64 | 6.40 | 10.66 | 7.59 | 0.90 | 2.17 | 3.14 | 4.80 | 7.08 |
Fund Manager
1) Anju Chhajer
Education: Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
Experience: Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
Past Performance of his Schemes
| Fund | Nippon India Low Duration Fund | It’s Benchmark | Nippon India Liquid Fund | It’s Benchmark |
| 1 Year | 4.55 | 2.87 | 5.40 | 2.87 |
| 3 Year | 5.13 | 2.54 | 4.16 | 2.54 |
| 5 Year | 5.91 | 3.20 | 5.25 | 3.20 |
| 7 Year | 6.36 | 3.52 | 5.76 | 3.52 |
| 10 Year | 7.12 | 4.09 | 6.68 | 4.09 |
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
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