Nippon India Banking & PSU Debt Fund Direct Growth
Debt
Direct
Banking & Psu
NAV: ₹ 19.54 as on 15-05-2024
About the Fund
Nippon India Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 15 May, 2015. The fund is managed by Vivek Sharma, Pranay Sinha, Kinjal Desai. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Banking & PSU Debt Fund Direct Growth has ₹5451 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.4.
Fund Performance
250 people have invested ₹ 36.6L in Nippon India Banking & PSU Debt Fund Direct Growth in the last three months
Overview
 | 0.38% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹5451 Cr |
 | 15 May, 2015 |
 | ₹5000/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 168.28% |
Nippon India Banking & PSU Debt Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
51.2%
Government
43.2%
Cash Equivalent
5.6%
Top Holdings of Nippon India Banking & PSU Debt Fund Direct Growth as on (30-Apr-24)
Debt Holdings93
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.32% Govt Stock 2030 | 5.35% | 34.9% | |
7.18% Govt Stock 2037 | 4.29% | -29.9% | |
National Bank For Agriculture And Rural Development | 4.01% | 0% | |
Small Industries Development Bank Of India | 3.64% | 0% | |
7.26% Govt Stock 2033 | 3.31% | -39% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 5.5K Cr as of Apr'24
- AUM decreased by 14.5 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.46% return, outperforming this fund by 1.87% per annum.
In the last 1 year, ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth has given 7.56% return, outperforming this fund by 0.63%.
This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.55%.
Over the last 1 year, this fund has increased expense ratio by 15.2% moving from 0.33 to 0.38.
In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.48% return, outperforming this fund by 0.05% per annum.
Peer Analysis
Fund Manager
Vivek Sharma
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 25 June 2020
Top funds managed
Pranay Sinha
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 31 March 2021
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 25 May 2018
Top funds managed
Nippon India Banking & PSU Debt Fund Direct Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.72% since inception which is more than its category average return of 5.48%
AUM size ₹5451 Cr
This fund has AUM of ₹5451 Cr which is more than its category average of ₹ 3677 Cr
Expense Ratio 0.38%
This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.49%
Frequently Asked Questions
The current NAV of Nippon India Banking & PSU Debt Fund Direct Growth is ₹19.54 as on 15-May-2024.
Existing (Absolute + CAGR) as on 15-May-2024.
Nippon India Banking & PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 3.9% | 3.9% |
1 Year Returns | 6.93% | 6.93% |
3 Years Returns | 17.71% | 5.59% |
5 Years Returns | 43.1% | 7.43% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.38% as on April 2024
₹5451 Cr as on April 2024
7.32% Govt Stock 2030(5.35%), 7.18% Govt Stock 2037(4.29%), National Bank For Agriculture And Rural Development(4.01%), Small Industries Development Bank Of India(3.64%), 7.26% Govt Stock 2033(3.31%) as on April 2024
Corporate(51.22%), Government(43.23%), Cash Equivalent(5.55%) as on April 2024
Yield to Maturity is 7.61 as on April 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.41 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Vivek Sharma, Pranay Sinha, Kinjal Desai are the fund managers of Nippon India Banking & PSU Debt Fund Direct Growth
The Exit load of Nippon India Banking & PSU Debt Fund Direct Growth is 0%