Nippon India Income Fund Direct Growth
DebtMedium to Long DurationModerate Risk
Direct
NAV (18-Jun-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹426 Cr
Expense Ratio
0.67%
ISIN
INF204K01XS2
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹100.15, Assets Under Management (AUM) of 426.15 Crores, and an expense ratio of 0.67%.
- Nippon India Income Fund Direct Growth has given a CAGR return of 8.12% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 83.78% in debts, and 15.96% in cash & cash equivalents.
- You can start investing in Nippon India Income Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.97%
+8.95% (Cat Avg.)
3 Years
+8.95%
+8.11% (Cat Avg.)
5 Years
+6.42%
+6.00% (Cat Avg.)
10 Years
+8.08%
+6.27% (Cat Avg.)
Since Inception
+8.12%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Debt | ₹357.03 Cr | 83.78% |
| Others | ₹69.13 Cr | 16.22% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 7.09% Govt Stock 2054 | Bond - Gov't/Treasury | ₹87.83 Cr | 20.61% |
| 7.3% Govt Stock 2053 | Bond - Gov't/Treasury | ₹84.82 Cr | 19.90% |
| 7.12% State Government Of Maharashtra 2036 | Bond - Gov't/Treasury | ₹41.42 Cr | 9.72% |
| 7.1% Govt Stock 2029 | Bond - Gov't/Treasury | ₹26.09 Cr | 6.12% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.7 Cr | 6.03% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.49 Cr | 5.98% |
| Tata Capital Limited | Bond - Corporate Bond | ₹25.47 Cr | 5.98% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.9 Cr | 5.84% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.58 Cr | 5.77% |
| 6.79% Govt Stock 2034 | Bond - Gov't/Treasury | ₹10.36 Cr | 2.43% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹10.3 Cr | 2.42% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹10.06 Cr | 2.36% |
| Net Current Assets | Cash | ₹10 Cr | 2.35% |
| Triparty Repo | Cash - Repurchase Agreement | ₹8.19 Cr | 1.92% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹5.28 Cr | 1.24% |
| Rec Limited | Bond - Corporate Bond | ₹5.05 Cr | 1.19% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹1.1 Cr | 0.26% |
| Interest Rate Swaps Pay Fix Receive Floating (18/03/2030) (Fv 2500 Lacs) | Interest Rate Swap | ₹-0.66 Cr | 0.15% |
| Cash Margin - Ccil | Cash - Collateral | ₹0.36 Cr | 0.09% |
| Interest Rate Swaps Pay Fix Receive Floating (10/03/2027) (Fv 2500 Lacs) | Interest Rate Swap | ₹-0.2 Cr | 0.05% |
| 7.26% Govt Stock 2029 | Bond - Gov't/Treasury | ₹0 Cr | 0.00% |
| 08.19 RJ UDAY 2026 | Bond - Gov't Agency Debt | ₹0 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Gov't/Treasury | ₹250.53 Cr | 58.79% |
| Bond - Corporate Bond | ₹107.36 Cr | 25.19% |
| Cash - CD/Time Deposit | ₹49.48 Cr | 11.61% |
| Cash | ₹10 Cr | 2.35% |
| Cash - Repurchase Agreement | ₹8.19 Cr | 1.92% |
| Mutual Fund - Open End | ₹1.1 Cr | 0.26% |
| Interest Rate Swap | ₹-0.86 Cr | 0.20% |
| Cash - Collateral | ₹0.36 Cr | 0.09% |
| Bond - Gov't Agency Debt | ₹0 Cr | 0.00% |
Risk & Performance Ratios
Standard Deviation
This fund
2.06%
Cat. avg.
2.16%
Lower the better
Sharpe Ratio
This fund
1.08
Cat. avg.
0.67
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.25
Higher the better
Fund Managers
Vivek Sharma
Since February 2020
Kinjal Desai
Since May 2018
Additional Scheme Detailsas of 31st May 2025
ISIN | INF204K01XS2 | Expense Ratio | 0.67% | Exit Load | No Charges | Fund Size | ₹426 Cr | Age | 12 years 5 months | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | NIFTY Medium Long Dur Debt A-III TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Medium to Long Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Franklin India Medium to Long Duration Fund Regular Growth Moderate Risk | 0.8% | 0.0% | ₹53.32 Cr | - |
| Franklin India Medium to Long Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹53.32 Cr | - |
| LIC MF Medium to Long Duration Bond Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹201.51 Cr | 11.3% |
| ICICI Prudential Bond Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹2889.06 Cr | 10.2% |
| Bandhan Bond Fund - Income Plan Direct Growth Moderate Risk | 1.3% | 1.0% | ₹493.96 Cr | 7.1% |
| Nippon India Income Fund Direct Growth Moderate Risk | 0.7% | 0.0% | ₹426.15 Cr | 9.0% |
| JM Medium to Long Duration Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹35.34 Cr | 10.4% |
| Kotak Bond Fund Direct Growth Moderate Risk | 0.7% | 0.0% | ₹2131.27 Cr | 9.6% |
| BHARAT Bond ETF April 2030 Moderate Risk | 0.0% | - | ₹25437.14 Cr | 10.8% |
| UTI Bond Fund Direct Growth Moderate Risk | 1.2% | 0.0% | ₹332.21 Cr | 9.5% |
About the AMC
Total AUM
₹6,00,436 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
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- Vivek Sharma
- Kinjal Desai
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