October 3, 2022
mayank
Nippon India Nivesh Lakshya Fund
NAV Growth: Rs 14.2569
NAV IDCW Yearly: Rs 11.6353
NAV IDCW Quarterly: Rs 11.1011
NAV IDCW Monthly: Rs 11.5655
NAV IDCW Half Yearly: Rs 11.6511
NAV IDCW: Rs 14.2571
Suitable For Which Investors?
“Long Duration debt funds invest mainly in bonds maturing in more than seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they can be fairly volatile in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with a long investment horizon of seven years or more may consider investing at least some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss is substantially reduced if you invest for seven years and more.”
Fund’s Investment Strategy:
The scheme seeks to generate optimal returns consistent with moderate levels of risk.This income may be complemented by capital appreciation of the portfolio.
Fund Manager:
1) Pranay Sinha
Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.
Experience: Prior to joining Nippon India Mutual Fund, he has worked with ABSLAMC, BNP Paribas Bank (October 2010 – August,2014), Morgan Stanley Investment Management Pvt. Ltd. (March 2008 – October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 – March 2008).
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 20% of the investment, 1% will be charged for redemption within 1080 days |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 06-Jul-18 |
| Return Since Launch | 8.73% |
| Benchmark | CRISIL Long Duration Fund AIII Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 2,094 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.22% |
| (As on 31-Aug-2022) | |
| Risk Grade | — |
| Return Grade | — |
Nippon India Nivesh Lakshya Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Nivesh Lakshya Dir | 0.17 | -0.2 | -0.46 | 3.37 | -0.03 | 0.2 | 5.81 | — | — | — |
| VR Bond | 1.6 | 0.08 | 0.04 | 1.82 | 1.17 | 2.24 | 4.36 | — | — | — |
| Debt: Long Duration | 0.07 | -0.24 | -0.54 | 2.91 | 0.17 | 0.1 | 5.36 | — | — | — |
| Rank within category | 1 | 1 | 1 | 1 | 2 | 1 | 1 | — | — | — |
| Number of funds in category | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 1 | 0 |
Nippon India Nivesh Lakshya 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 Nivesh Lakshya Dir | Unrated | 0.20 | 5.81 | — | 0.22 | 2,094 | 8.73 | 1.00 (1080) | 4yrs 3mo |
| ICICI Pru LT Bond Dir | Unrated | 0.00 | 4.90 | 6.23 | 1.40 | 598 | 8.06 | — | 9yrs 9mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 6 | 6 |
| Modified Duration (yrs) | 10.51 | 8.41 |
| Average Maturity (yrs) | 22.67 | 15.47 |
| Yield to Maturity (%) | 7.53 | 7.39 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Nippon India Nivesh Lakshya Fund
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