Nippon India Credit Risk Fund Direct Growth
Debt
Direct
Credit Risk
NAV as on 19-11-2024
₹ 36.19
Inception Returns
7.4%
/yr
About Nippon India Credit Risk Fund Direct Growth
Nippon India Credit Risk Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Sushil Budhia, Kinjal Desai. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Credit Risk Fund Direct Growth has ₹992 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Nippon India Credit Risk Fund Direct Growth has given a CAGR return of 7.40% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.01%, 7.32% and 5.82% respectively.
Holdings
Nippon India Credit Risk Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.32% Govt Stock 2030, Summit Digitel Infrastructure Limited, 7.1% Govt Stock 2029, Renew Solar Energy (Jharkhand Five) Private Limited, Century Textiles And Industries Limited
Taxation
As it is a credit risk mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Nippon India Credit Risk Fund Direct Growth
The primary investment objective of this option is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly investments shall predominantly be made in Debt & Money Market Instruments.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Nippon India Credit Risk Fund Direct Growth has no lock in period.
Historical NAV & Returns
Nippon India Credit Risk Fund Direct Growth Overview
| Expense ratio | 0.7% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹992 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 88.56% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   High Risk |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 1K Cr as of Oct'24
- AUM increased by 1.1 Cr between Oct'24 and Sep'24
Top 2 Sectors in October were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.32% Govt Stock 2030 | 7.22% | 0% | |
Summit Digitel Infrastructure Limited | 6.15% | 0% | |
7.1% Govt Stock 2029 | 5.1% | 0% | |
Renew Solar Energy (Jharkhand Five) Private Limited | 4.98% | 0% | |
Century Textiles And Industries Limited | 4.55% | 0% |
Mutual Fund Insights
Nippon India Credit Risk Fund Direct Growth Highlights
High Risk
About the fund
AUM size ₹992 Cr
Expense Ratio 0.7%
Frequently Asked Questions for Nippon India Credit Risk Fund Direct Growth
Nippon India Credit Risk Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.6% | 0.6% |
6 Month Returns | 4.64% | 4.64% |
1 Year Returns | 9.01% | 9.01% |
3 Years Returns | 23.62% | 7.32% |
5 Years Returns | 32.72% | 5.82% |
- 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.
AA | 48.62 |
AAA | 31.13 |
A | 20.26 |