October 1, 2022
mayank
Nippon India Low Duration Fund
NAV Growth: Rs 3,228.9379
NAV IDCW Weekly: Rs 1,009.2685
NAV IDCW Quarterly: Rs 1,011.5416
NAV IDCW Monthly: Rs 1,027.8879
NAV IDCW Daily: Rs 1,009.0611
NAV IDCW: Rs 1,760.0507
NAV Bonus: Rs 1,875.6779
Suitable For Which Investors?
“Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.”
Fund’s Investment Strategy:
The scheme aims to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.
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.
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.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.67% |
| Benchmark | CRISIL Low Duration Fund BI Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 7,771 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.37% |
| (As on 31-Aug-2022) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
Nippon India Low Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Low Duration Dir | 3.13 | 0.04 | 0.26 | 1.34 | 1.9 | 4.12 | 6.06 | 6.47 | 6.96 | — |
| CCIL T Bill Liquidity Weight | 1.6 | 0.06 | 0.24 | 0.73 | 1.03 | 2.13 | 2.56 | 3.23 | 3.58 | — |
| Debt: Low Duration | 2.96 | 0.06 | 0.32 | 1.38 | 1.87 | 3.84 | 5.76 | 5.79 | 6.49 | — |
| Rank within category | 5 | 18 | 16 | 9 | 11 | 4 | 6 | 7 | 6 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 21 | 0 |
Nippon India Low Duration 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 Low Duration Dir | 4 star | 4.12 | 6.06 | 6.47 | 0.37 | 7,771 | 7.67 | — | 9yrs 9mo |
| ABSL Low Duration Dir | 5 star | 4.35 | 6.12 | 6.97 | 0.39 | 12,456 | 8.06 | — | 9yrs 9mo |
| Kotak Low Duration Dir | 4 star | 3.85 | 6.09 | 6.96 | 0.42 | 6,960 | 8.01 | — | 9yrs 9mo |
| Axis Treasury Advtg Dir | 4 star | 3.99 | 5.59 | 6.64 | 0.29 | 5,440 | 7.73 | — | 9yrs 9mo |
| UTI Treasury Advtg Dir | 5 star | 4.12 | 7.10 | 4.75 | 0.32 | 2,856 | 6.80 | — | 9yrs 9mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 82 | 55 |
| Modified Duration (yrs) | 0.73 | 0.64 |
| Average Maturity (yrs) | 0.81 | 1.15 |
| Yield to Maturity (%) | 6.72 | 6.42 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Nippon India Low Duration Fund
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