Nippon India Short Term Fund - Direct Plan - Growth Plan
Debt
Direct
Short Duration
NAV: ₹ 51.8 as on 15-05-2024
About the Fund
Nippon India Short Term Fund - Direct Plan - Growth Plan is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Sushil Budhia, Vivek Sharma, Kinjal Desai. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Short Term Fund - Direct Plan - Growth Plan has ₹5497 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
3057 people have invested ₹ 2Cr in Nippon India Short Term Fund - Direct Plan - Growth Plan in the last three months
Overview
 | 0.37% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹5497 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 163.55% |
Nippon India Short Term Fund - Direct Plan - Growth Plan Distribution as on (31-Dec-69)
Credit rating breakup
AAA
86.5%
AA
13.5%
Sector Allocation
Corporate
59.2%
Government
36.7%
Cash Equivalent
3.4%
Securitize
0.7%
Top Holdings of Nippon India Short Term Fund - Direct Plan - Growth Plan as on (30-Apr-24)
Debt Holdings73
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.1% Govt Stock 2029 | 10.42% | 0% | |
7.17% Govt Stock 2030 | 10.35% | -20.8% | |
National Bank For Agriculture And Rural Development | 3.64% | 0% | |
LIC Housing Finance Ltd. 7.84% | 3.63% | 0% | |
India Grid TRust | 2.89% | 0% |
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 26.9 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 1 year, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 7.84% return, outperforming this fund by 0.53%.
This fund has one of the lowest expense ratio in the category (short duration). Its expense ratio is 0.37% which is lower than the category average expense ratio of 0.7%.
Over the last 1 year, this fund has increased expense ratio by 8.8% moving from 0.34 to 0.37.
In the last 3 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 7.64% return, outperforming this fund by 1.7% per annum.
In the last 5 years, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 7.92% return, outperforming this fund by 0.54% per annum.
Over the last 3 months, this fund has experienced a 7.9% drop in AUM moving from 5.96K Cr to 5.49K Cr.
Peer Analysis
Fund Manager
Sushil Budhia
Fund Manager of Nippon India Short Term Fund - Direct Plan - Growth Plan, since 31 March 2021
Top funds managed
Vivek Sharma
Fund Manager of Nippon India Short Term Fund - Direct Plan - Growth Plan, since 1 February 2020
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Short Term Fund - Direct Plan - Growth Plan, since 25 May 2018
Top funds managed
Nippon India Short Term Fund - Direct Plan - Growth Plan 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 8.08% since inception which is more than its category average return of 5.63%
AUM size ₹5497 Cr
This fund has AUM of ₹5497 Cr which is more than its category average of ₹ 3590 Cr
Expense Ratio 0.37%
This fund has an expense ratio of 0.37% which is less than its category average expense ratio of 0.67%
Frequently Asked Questions
The current NAV of Nippon India Short Term Fund - Direct Plan - Growth Plan is ₹51.8 as on 15-May-2024.
Existing (Absolute + CAGR) as on 15-May-2024.
Nippon India Short Term Fund - Direct Plan - Growth Plan | Absolute Returns | CAGR Returns |
1 Month Returns | 0.63% | 0.63% |
6 Month Returns | 4.04% | 4.04% |
1 Year Returns | 7.32% | 7.32% |
3 Years Returns | 18.89% | 5.94% |
5 Years Returns | 42.82% | 7.39% |
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).
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0.37% as on April 2024
₹5497 Cr as on April 2024
7.1% Govt Stock 2029(10.42%), 7.17% Govt Stock 2030(10.35%), National Bank For Agriculture And Rural Development(3.64%), LIC Housing Finance Ltd. 7.84%(3.63%), India Grid TRust(2.89%) as on April 2024
Corporate(59.22%), Government(36.72%), Cash Equivalent(3.38%) as on April 2024
Yield to Maturity is 7.84 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 2.69 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 86.54 |
AA | 13.46 |
Sushil Budhia, Vivek Sharma, Kinjal Desai are the fund managers of Nippon India Short Term Fund - Direct Plan - Growth Plan
The Exit load of Nippon India Short Term Fund - Direct Plan - Growth Plan is 0%