Nippon India Ultra Short Duration Fund Direct Growth

Nippon India Ultra Short Duration Fund Direct Growth

NAV as on 17-04-2025

₹ 4377.34

Inception Returns

7.2%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
1318 people have invested ₹ 4.6Cr in Nippon India Ultra Short Duration Fund Direct Growth in the last three months

About Nippon India Ultra Short Duration Fund Direct Growth

Nippon India Ultra Short Duration Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Vivek Sharma, Kinjal Desai. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Ultra Short Duration Fund Direct Growth has ₹6498 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Nippon India Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.24% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.12%, 7.41% and 7.29% respectively.

Holdings

Nippon India Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government. Its top holdings are Punjab National Bank, National Bank For Agriculture And Rural Development, Axis Bank Limited, HDFC Bank Ltd., 182 DTB 12062025

Taxation

As it is a ultra short duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Nippon India Ultra Short Duration Fund Direct Growth

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt and money market instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Nippon India Ultra Short Duration Fund Direct Growth has no lock in period.

Nippon India Ultra Short Duration Fund Direct Growth Overview

Expense ratio0.38%
Benchmark
NIFTY Ultra Short Duration Debt TR INR
AUM₹6498 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
250.33%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (17-Apr-25)

Period
Nippon India Ultra Short Duration Fund Direct Growth
Ultra Short Duration Index
1M
1%
0.7%
3M
2.2%
1.8%
6M
4.1%
3.3%
1Y
8.1%
6.8%
3Y
7.4%
6.4%
5Y
7.3%
5.5%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
80.9%

AA
19.1%

Sector Allocation

Mar'25

Feb'25

Jan'25

Corporate
54.3%
Cash Equivalent
29.9%
Government
15.8%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 6.5K Cr
₹ 7.5K Cr
₹ 7.7K Cr
  • AUM of the fund stands at 6.5K Cr as of Mar'25
  • AUM decreased by 1K Cr between Mar'25 and Feb'25
Top Stocks bought last month
PNb Housing Finance Limited's allocation increased from 0.33% to 2.92%
PNb Housing Finance Limited's allocation increased from 0.33% to 2.92%
Small Industries Development Bank Of India's allocation increased from 0.32% to 2.58%
Small Industries Development Bank Of India's allocation increased from 0.32% to 2.58%
National Bank For Agriculture And Rural Development's allocation increased from 1.92% to 4.02%
National Bank For Agriculture And Rural Development's allocation increased from 1.92% to 4.02%
Top Stocks sold last month
Indinfravit Trust's allocation decreased from 5.26 % to 2.44 %
Indinfravit Trust's allocation decreased from 5.26 % to 2.44 %
Manappuram Finance Limited's allocation decreased from 5.26 % to 0.98 %
Manappuram Finance Limited's allocation decreased from 5.26 % to 0.98 %
Small Industries Development Bank Of India's allocation decreased from 1.2 % to 0.97 %
Small Industries Development Bank Of India's allocation decreased from 1.2 % to 0.97 %
Debt allocation has gone up from 41.8% to 58.4%
Debt allocation has gone up from 41.8% to 58.4%
Cash allocation has gone down from 58% to 41.3%
Cash allocation has gone down from 58% to 41.3%

Top 3 Sectors in March were Financial Services, Corporate & Government

Mar'25
Financial Services
100%
Corporate
54%
Government
16%
Feb'25
Financial Services
100%
Corporate
50%
Government
11%
  • Debt & Cash

Holdings
Weight%
1M Change
Punjab National Bank
Punjab National Bank
7.58%
100%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.77%
0%
Axis Bank Limited
Axis Bank Limited
4.42%
0%
HDFC Bank Ltd.
HDFC Bank Ltd.
4.1%
22.2%
182 DTB 12062025
182 DTB 12062025
3.72%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Nippon India Ultra Short Duration Fund Direct Growth
Nippon India Ultra Short Duration Fund Direct Growth
8.12%
7.41%
7.29%
7.24%
Aditya Birla Sun Life Savings Fund Direct Plan Growth
Aditya Birla Sun Life Savings Fund Direct Plan Growth
8.12%
7.26%
6.48%
7.77%
Axis Ultra Short Duration Fund Direct Growth
Axis Ultra Short Duration Fund Direct Growth
8.01%
7.27%
6.26%
6.76%
ICICI Prudential Ultra Short Term Fund Direct Plan Growth
ICICI Prudential Ultra Short Term Fund Direct Plan Growth
7.93%
7.24%
6.54%
8.07%
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Vivek Sharma
Vivek Sharma
Fund Manager of Nippon India Ultra Short Duration Fund Direct Growth, since 1 October 2013
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Ultra Short Duration Fund Direct Growth, since 25 May 2018
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹3.92L Cr
as on 31-Mar-2025
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in

Mutual Fund Insights

Insights icon
Over the last 15 months, this fund has increased expense ratio by 5.6% moving from 0.36 to 0.38.
Insights icon
In the last 1 year, Aditya Birla Sun Life Savings Fund Direct Plan Growth has given 8.12% return, outperforming this fund by 0%.
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In the last 3 years, this fund has outperformed all funds in its category.
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In the last 5 years, this fund has outperformed all funds in its category.
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Over the last 3 months, this fund has experienced a 15.6% drop in AUM moving from 7.69K Cr to 6.49K Cr.
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This fund expense ratio is slightly on the lower side within the category (ultra short duration). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.56%.

Nippon India Ultra Short Duration Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.24% since inception which is less than its category average return of 7.85%
AUM size ₹6498 Cr

AUM size ₹6498 Cr

This fund has AUM of ₹6498 Cr which is more than its category average of ₹ 3715 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.62%

Frequently Asked Questions for Nippon India Ultra Short Duration Fund Direct Growth

The current NAV of Nippon India Ultra Short Duration Fund Direct Growth is ₹4377.34 as on 17-Apr-2025.
Existing (Absolute + CAGR) as on 17-Apr-2025.
Nippon India Ultra Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.03%
1.03%
6 Month Returns
4.08%
4.08%
1 Year Returns
8.12%
8.12%
3 Years Returns
23.91%
7.41%
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 March 2025
₹6498 Cr as on March 2025
Punjab National Bank(7.58%), National Bank For Agriculture And Rural Development(4.77%), Axis Bank Limited(4.42%), HDFC Bank Ltd.(4.1%), 182 DTB 12062025(3.72%) as on March 2025
Corporate(54.32%), Cash Equivalent(29.86%), Government(15.82%) as on March 2025
Yield to Maturity is 7.73 as on March 2025. 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 0.43 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
80.87
AA
19.13
Vivek Sharma, Kinjal Desai are the fund managers of Nippon India Ultra Short Duration Fund Direct Growth
The Exit load of Nippon India Ultra Short Duration Fund Direct Growth is 0%