Debt
Direct
Ultra Short Duration
NAV as on 05-09-2024
₹ 4166.72
Inception Returns
7.2%
/yr
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.
Nippon India Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.18% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.82%, 6.62% and 6.09% respectively.
Nippon India Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government, Securitize. Its top holdings are Rec Limited, Indian Bank, HDFC Bank Limited, National Bank For Agriculture And Rural Development, Can Fin Homes Limited
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: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.
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 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.
Expense ratio | 0.38% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹7600 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 250.33% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (05-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Financial Services, Corporate & Government
Nippon India Ultra Short Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 3.99% | 3.99% |
1 Year Returns | 7.82% | 7.82% |
3 Years Returns | 21.21% | 6.62% |
5 Years Returns | 34.38% | 6.09% |
AAA | 84.25 |
AA | 15.75 |