October 8, 2022
mayank
Nippon India Strategic Debt Fund
NAV Growth: Rs 13.4268
NAV IDCW Quarterly: Rs 9.5606
NAV IDCW: Rs 11.3251
NAV Bonus: Rs 13.4300
Suitable For Which Investors?
“Medium Duration debt funds invest mainly in bonds maturing in about three to four 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 do not guarantee returns or safety of capital.
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 an investment horizon of more than three years may consider investing 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 reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The scheme seeks to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.
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.
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) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 26-Jun-14 |
| Return Since Launch | 3.62% |
| Benchmark | CRISIL Medium Duration Fund CIII Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 182 Cr |
| (As on 30-Sep-2022) | |
| Expense Ratio | 1.39% |
| (As on 31-Aug-2022) | |
| Risk Grade | High |
| Return Grade | Below Average |
Nippon India Strategic Debt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Strategic Debt Dir | 0.99 | 0 | 0.04 | 0.92 | 0.03 | 1.58 | -2.97 | -0.99 | 2.19 | — |
| VR Bond | 1.48 | -0.08 | -0.23 | 1.29 | 1.18 | 2.1 | 4.17 | 5.19 | 5.83 | — |
| Debt: Medium Duration | 2.72 | -0.08 | -0.34 | 2.11 | 1.52 | 3.54 | 5.72 | 6.16 | 7.02 | — |
| Rank within category | 12 | 2 | 1 | 11 | 12 | 12 | 14 | — | — | — |
| Number of funds in category | 16 | 16 | 16 | 16 | 16 | 16 | 14 | 12 | 11 | 0 |
Nippon India Strategic Debt 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 Strategic Debt Dir | 2 star | 1.58 | -2.97 | -0.99 | 1.39 | 182 | 3.62 | 1.00 (365) | 8yrs 3mo |
| SBI Magnum Medium Duration Dir | 4 star | 2.72 | 7.17 | 7.60 | 0.69 | 9,055 | 9.13 | 1.50 (365) | 9yrs 9mo |
| ICICI Pru Medium Term Bond Dir | 5 star | 4.01 | 7.79 | 7.29 | 0.76 | 6,314 | 8.55 | 1.00 (365) | 9yrs 9mo |
| Kotak Medium Term Dir | 4 star | 3.44 | 6.78 | 6.55 | 0.57 | 1,889 | 8.44 | — | 8yrs 6mo |
| Axis Strategic Bond Dir | 4 star | 3.69 | 7.39 | 7.18 | 0.39 | 1,660 | 8.62 | 1.00 (365) | 9yrs 9mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 17 | 35 |
| Modified Duration (yrs) | 1.81 | 2.73 |
| Average Maturity (yrs) | 2.18 | 3.98 |
| Yield to Maturity (%) | 5.98 | 7.21 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Nippon India Strategic Debt Fund
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