October 3, 2022
mayank
Nippon India Short Term Fund
NAV Growth: Rs 45.9682
NAV IDCW Quarterly: Rs 14.8112
NAV IDCW Monthly: Rs 11.6089
NAV IDCW: Rs 18.6817
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one 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. There have been instances when short duration funds have incurred losses.
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 stable returns for investors with a short term investment horizon by investing in debt and money market instruments.
Fund Manager:
1) Sushil Budhia
Education: Mr. Budhia has done CA
Experience: Prior to joining Nippon India Mutual Fund, he has worked with YES Bank as Senior President, Axis Bank and UTI Mutual Fund.
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) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| 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 | 8.14% |
| Benchmark | CRISIL Short Duration Fund BII Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 6,622 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.35% |
| (As on 31-Aug-2022) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
Nippon India Short Term Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind ST Dir | 2.2 | 0.09 | -0.01 | 1.49 | 0.97 | 3.1 | 6.71 | 6.92 | 7.49 | — |
| CCIL T Bill Liquidity Weight | 1.6 | 0.06 | 0.24 | 0.73 | 1.03 | 2.13 | 2.56 | 3.23 | 3.58 | — |
| Debt: Short Duration | 2.68 | 0.07 | 0.05 | 1.42 | 1.09 | 3.45 | 6.33 | 6.15 | 6.94 | — |
| Rank within category | 10 | 8 | 16 | 9 | 14 | 7 | 8 | 6 | 7 | — |
| Number of funds in category | 26 | 27 | 26 | 26 | 26 | 26 | 24 | 21 | 21 | 0 |
Nippon India Short Term 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 ST Dir | 4 star | 3.10 | 6.71 | 6.92 | 0.35 | 6,622 | 8.14 | — | 9yrs 9mo |
| ICICI Pru ST Dir | 4 star | 4.37 | 7.41 | 7.48 | 0.37 | 15,615 | 8.60 | — | 9yrs 9mo |
| Axis ST Dir | 4 star | 3.43 | 6.70 | 7.19 | 0.30 | 7,564 | 8.22 | — | 9yrs 9mo |
| ABSL ST Dir | 4 star | 4.02 | 7.05 | 7.32 | 0.39 | 5,762 | 8.77 | — | 9yrs 9mo |
| UTI ST Incm Dir | 5 star | 3.71 | 8.29 | 5.18 | 0.33 | 2,174 | 7.31 | — | 9yrs 9mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 106 | 45 |
| Modified Duration (yrs) | 2.08 | 1.56 |
| Average Maturity (yrs) | 2.50 | 2.16 |
| Yield to Maturity (%) | 7.09 | 6.74 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Nippon India Short Term Fund
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