Nippon India Income Fund - Growth Plan Growth Option

(Erstwhile Reliance Income Fund - Growth Plan Growth Option)
Fund House: Nippon India Mutual Fund
Category: Debt: Medium to Long Duration
Launch Date: 01-01-1998
Asset Class: Fixed Income
Benchmark: NIFTY Medium to Long Duration Debt Index A-III
Expense Ratio: 1.37% As on (30-04-2023)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 257.4 Cr As on (30-04-2023)
Turn over: - | Exit Load: 0.25% for redemption within 15 days

77.7561

8.41%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
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vs
S&P BSE India Bond Index
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
5 Years 9 Months
15 Years 4 Months
18 Years 6 Months
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme aims to generate capital appreciation of the portfolio and optimal returns consistent with moderate risk. The scheme will predominantly invest in debt instruments, while money market investment can also go up to 50 per cent.

Current Asset Allocation (%)

Indicators

Standard Deviation 3.01
Sharpe Ratio 0.08
Alpha -0.14
Beta 1.4
Yield to Maturity 7.32
Average Maturity 8.16

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
Nippon India Income Fund - Growth Plan Growth Option 01-01-1998 8.65 4.52 4.28 7.38 6.68
LIC MF Bond Fund-Regular Plan-Growth 19-06-1999 9.16 4.24 4.02 6.53 6.31
ICICI Prudential Bond Fund - Growth 05-08-2008 8.66 4.63 5.34 7.39 7.25
SBI Magnum Income Fund-Regular Plan-Growth 25-11-1998 8.64 4.81 5.69 7.72 7.16
UTI Bond Fund- Regular Plan - Growth 17-05-1998 8.09 11.81 9.24 4.26 5.65
Aditya Birla Sun Life Income Fund (Discipline Advantage Plan) 04-03-2009 7.87 4.6 5.51 7.66 6.78
Aditya Birla Sun Life Income Fund - Growth - Regular Plan 05-10-1995 7.87 4.6 5.51 7.66 6.78
HDFC Income Fund - Growth Option 01-09-2000 7.62 3.27 3.87 5.84 5.9
JM Medium to Long Duration Fund (Regular) - Growth Option 01-04-1995 7.62 3.49 3.67 2.67 3.89
Kotak Bond Fund - Regular Plan Growth 25-11-1999 7.49 4.18 4.51 7.01 6.41

Scheme Characteristics

Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 4 - 7 years.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

100.0%

Tax Benefits of investing in this fund

Capital gains will be deemed as short-term capital gains (STCG) for units acquired on or after April 1, 2023 and will be taxed at the applicable income tax slab rate**.

Income distribution cum capital withdrawal (IDCW) shall be taxable in the hands of investors and the mutual fund will deduct TDS @10% for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.

** Capital gains on sale of units acquired on or before March 31, 2023 & redeemed on or after April 1, 2023 will be taxed as below:

Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months.

In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.

Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months.

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