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Nippon India Ultra Short Duration Fund- Growth Option

(Erstwhile Reliance Ultra Short Duration Fund- Growth Option)
Fund House: Nippon India Mutual Fund
Category: Debt: Ultra Short Duration
Launch Date: 07-12-2001
Asset Class: Fixed Income
Benchmark: NIFTY Ultra Short Duration Debt Index B-I
TER: 1.16% As on (30-09-2023)
Status: Open Ended Schemes
Minimum Investment: 100.0
Minimum Topup: 100.0
Total Assets: 5,970.93 Cr As on (31-10-2023)
Turn over: - | Exit Load: Nil
NAV as on 07-12-2023

3608.6453

0.91 (0.0252%)

CAGR Since Inception

6.0%

Benchmark: 5.31%

PERFORMANCE

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S&P BSE Liquid Rate Index
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Gold
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PPF
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RETURNS ANALYSIS

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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
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

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

Current Asset Allocation (%)

Indicators

Standard Deviation 1.54
Sharpe Ratio 0.95
Alpha 2.91
Beta 0.81
Yield to Maturity 7.78
Average Maturity 0.42

PEER COMPARISON

Scheme Name Inception
Date		 1 Year
Return(%)		 2 Year
Return(%)		 3 Year
Return(%)		 5 Year
Return(%)		 10 Year
Return(%)
Nippon India Ultra Short Duration Fund- Growth Option 07-12-2001 6.71 5.57 6.29 4.97 6.08
Baroda BNP Paribas Ultra Short Duration Fund - Regular Plan - Growth 29-05-2018 7.25 5.96 5.17 5.71 -
Aditya Birla Sun Life Savings Fund - Growth - Regular Plan 27-11-2001 7.17 5.85 5.2 6.29 7.39
Aditya Birla Sun Life Savings Fund-Retail Growth 27-11-2001 7.17 5.85 5.2 6.29 7.39
Mirae Asset Ultra Short Duration Fund Regular Growth 25-10-2020 7.11 5.77 4.99 - -
BANDHAN ULTRA SHORT TERM FUND - REGULAR PLAN GROWTH 01-07-2018 7.04 5.59 4.81 5.69 -
HSBC Ultra Short Duration Fund - Regular Growth 29-01-2020 6.99 5.64 4.91 - -
SBI Magnum Ultra Short Duration Fund - Regular Plan - Growth 21-05-1999 6.97 5.59 4.84 5.74 6.82
UTI Ultra Short Duration Fund - Discontinued - INSTN GROWTH OPTION 13-07-2009 6.95 5.55 5.81 5.32 6.72
ICICI Prudential Ultra Short Term Fund - Growth 01-05-2011 6.94 5.64 5.09 6.11 7.82

Scheme Characteristics

Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

100.0%

Scheme Documents

October 2023

Monthly Portfolio Disclosure - October 2023

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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