February 7, 2023
RA Jainee
Guidance for Nippon India Nifty SDL Plus G-Sec-Jun 2029 Maturity 70:30 Index Fund
by Paresh Gordhandas, C.A., Research Analyst.
Upcoming Soon
Nippon India Nifty SDL Plus G-Sec-Jun 2029 Maturity 70:30 Index Fund
NFO opens on February 06 ,2023
NFO will close on February 14 ,2023
(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 2029 70:30 Index before expenses, subject to tracking errors.
Basic Details
| Fund House | Nippon India Mutual Fund |
| Issue Open | 06 February 2023 |
| Issue Close | 14 February 2023 |
| 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 2029 70:30 |
About Benchmark Index
Nifty SDL Plus G-Sec Jun 2029 70:30 Index seeks to measure the performance of portfolio of State Development Loans (SDLs) &
Government securities (G-Secs) maturing during the twelve month period ending June 29, 2029.
Methodology
i. Index represents the performance of maturity-targeted SDL & G-Sec market
ii. Index holds SDLs & G-Secs, maturing during the twelve month period ending June 29, 2029
iii. The index is reviewed at the end of every calendar half year
Features
➢ Methodology: Total Return
➢ No. of Constituents: 23
➢ No. of Issuer in the index: 21
➢ Base Value: 1000
➢ Base Date: January 30, 2023
➢ Index Maturity Date: June 29, 2029
Index Level Average Statistics
| Index Name | Yield* | Residual Maturity | Macaulay’s Duration |
| Nifty SDL Plus G-Sec Jun 2029 70:30 Index | 7.65% | 6.05 | 4.89 |
Issuer Level Average Statistics
| Sr. no. | Issuer Name | Yield* | Residual Maturity | Macaulay’s Duration |
| 1 | KERALA GOVERNMENT | 7.75% | 6.41 | 5.18 |
| 2 | GOA GOVERNMENT | 7.75% | 6.41 | 5.18 |
| 3 | TAMIL NADU GOVERNMENT | 7.73% | 6.40 | 5.25 |
| 4 | PUNJAB GOVERNMENT | 7.75% | 6.35 | 5.09 |
| 5 | JAMMU AND KASHMIR GOVERNMENT | 7.74% | 6.35 | 5.09 |
| 6 | GUJARAT GOVERNMENT | 7.72% | 6.35 | 5.20 |
| 7 | MAHARASHTRA GOVERNMENT | 7.74% | 6.28 | 5.03 |
| 8 | UTTARAKHAND GOVERNMENT | 7.75% | 6.20 | 4.88 |
| 9 | RAJASTHAN GOVERNMENT | 7.72% | 6.17 | 4.96 |
| 10 | UTTAR PRADESH GOVERNMENT | 7.74% | 6.12 | 4.79 |
| 11 | MADHYA PRADESH GOVERNMENT | 7.74% | 6.11 | 4.91 |
| 12 | JHARKHAND GOVERNMENT | 7.75% | 6.10 | 4.77 |
| 13 | ANDHRA PRADESH GOVERNMENT | 7.70% | 5.95 | 4.88 |
| 14 | HARYANA GOVERNMENT | 7.75% | 5.93 | 4.86 |
| 15 | CHHATTISGARH GOVERNMENT | 7.69% | 5.75 | 4.76 |
| 16 | WEST BENGAL GOVERNMENT | 7.70% | 5.53 | 4.54 |
| 17 | ASSAM GOVERNMENT | 7.70% | 5.53 | 4.46 |
| 18 | KARNATAKA GOVERNMENT | 7.68% | 5.52 | 4.57 |
| 19 | BIHAR GOVERNMENT | 7.70% | 5.52 | 4.52 |
| 20 | HIMACHAL PRADESH GOVERNMENT | 7.70% | 5.51 | 4.45 |
| 21 | GOVERNMENT OF INDIA | 7.50% | 6.22 | 5.02 |
| 22 | GOVERNMENT OF INDIA | 7.49% | 6.14 | 4.90 |
| 23 | GOVERNMENT OF INDIA | 7.47% | 5.96 | 4.92 |
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 Hang Seng BeES | It’s Benchmark | Nippon India ETF Nifty 5 yr Benchmark G-Sec | It’s Benchmark |
| 1 Year | -2.60 | 0.54 | 3.52 | 6.17 |
| 3 Year | -1.78 | 15.89 | — | — |
| 5 Year | -0.11 | 11.73 | — | — |
| 7 Year | 6.53 | 14.74 | — | — |
| 10 Year | 5.86 | 13.60 | — | — |
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 | 4.79 | 2.77 | 4.86 | 5.20 |
| 3 Year | 5.63 | 2.58 | 5.90 | 4.39 |
| 5 Year | 5.06 | 3.23 | 6.67 | 5.76 |
| 7 Year | 5.40 | 3.54 | 7.00 | 6.07 |
| 10 Year | 6.22 | 4.12 | 7.52 | 6.56 |
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
*Post your MF questions @ sahifund.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com