October 8, 2022
mayank
Nippon India Ultra Short Duration Fund
NAV Growth: Rs 3,618.9243
NAV IDCW Weekly: Rs 1,091.6900
NAV IDCW Quarterly: Rs 1,018.8636
NAV IDCW Monthly: Rs 1,021.4891
NAV IDCW Daily: Rs 1,114.1500
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt and money market instruments.
Fund Manager:
1) 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 | 7.08% |
| Benchmark | NIFTY Ultra Short Duration Debt Index B-I |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 4,469 Cr |
| (As on 30-Sep-2022) | |
| Expense Ratio | 0.34% |
| (As on 31-Aug-2022) | |
| Risk Grade | High |
| Return Grade | High |
Nippon India Ultra Short Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Ultra SD Dir | 3.82 | 0 | 0.38 | 1.37 | 2.45 | 4.93 | 6.7 | 5.9 | 6.34 | — |
| CCIL T Bill Liquidity Weight | 1.65 | 0.03 | 0.22 | 0.69 | 1.07 | 2.12 | 2.53 | 3.22 | 3.57 | — |
| Debt: Ultra Short Duration | 3.27 | 0 | 0.37 | 1.26 | 2.13 | 4.14 | 4.91 | 5.58 | 6.23 | — |
| Rank within category | 1 | 18 | 4 | 2 | 1 | 1 | 1 | 5 | 9 | — |
| Number of funds in category | 26 | 26 | 26 | 26 | 26 | 26 | 21 | 13 | 13 | 0 |
Nippon India Ultra Short 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 Ultra SD Dir | 5 star | 4.93 | 6.70 | 5.90 | 0.34 | 4,469 | 7.08 | — | 9yrs 9mo |
| ABSL Svngs Dir | 4 star | 4.31 | 5.42 | 6.44 | 0.34 | 14,508 | 7.77 | — | 9yrs 9mo |
| HDFC Ultra ST Dir | 4 star | 4.13 | 5.11 | — | 0.34 | 13,462 | 6.08 | — | 4yrs 0mo |
| ICICI Pru Ultra ST Dir | 5 star | 4.48 | 5.75 | 6.71 | 0.39 | 12,245 | 8.14 | — | 9yrs 9mo |
| Axis Ultra ST Dir | 4 star | 4.40 | 5.17 | — | 0.31 | 4,157 | 6.16 | — | 4yrs 0mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 72 | 37 |
| Modified Duration (yrs) | 0.37 | 0.33 |
| Average Maturity (yrs) | 0.42 | 0.37 |
| Yield to Maturity (%) | 6.46 | 6.11 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Nippon India Ultra Short Duration Fund
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