Nippon India Ultra Short Duration Fund Direct Growth
DebtUltra Short DurationModerate Risk
Direct
NAV (17-May-24)
₹4072.270.02%1D
Returns (Since Inception)
7.16%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹5,654 Cr
Expense Ratio
0.38%
ISIN
INF204K01YH3
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Nippon India Ultra Short Duration Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 11 years, 4 months and 17 days, having been launched on 01-Jan-13.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹4072.27, Assets Under Management (AUM) of 5653.60 Crores, and an expense ratio of 0.38%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹4072.27, Assets Under Management (AUM) of 5653.60 Crores, and an expense ratio of 0.38%.
- Nippon India Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.16% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 51.87% in debts, and 47.89% in cash & cash equivalents.
- You can start investing in Nippon India Ultra Short Duration Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
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
+7.70%
+6.12% (Cat Avg.)
3 Years
+7.58%
+5.13% (Cat Avg.)
5 Years
+5.95%
+4.99% (Cat Avg.)
10 Years
+6.90%
+5.56% (Cat Avg.)
Since Inception
+7.16%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Debt | ₹2,932.33 Cr | 51.87% |
| Others | ₹2,721.27 Cr | 48.13% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| India (Republic of) | Bond - Short-term Government Bills | ₹487.45 Cr | 8.62% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹266.42 Cr | 4.71% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹234.56 Cr | 4.15% |
| Indinfravit Trust | Bond - Corporate Bond | ₹214.83 Cr | 3.80% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹198.33 Cr | 3.51% |
| Canara Bank | Bond - Gov't Agency Debt | ₹198.29 Cr | 3.51% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹194.56 Cr | 3.44% |
| 182 DTB 22082024 | Bond - Gov't/Treasury | ₹190.87 Cr | 3.38% |
| Sembcorp Energy India Limited | Cash - Commercial Paper | ₹143.39 Cr | 2.54% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹142.29 Cr | 2.52% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹140.87 Cr | 2.49% |
| Dlf Cyber City Developers Ltd | Bond - Corporate Bond | ₹138 Cr | 2.44% |
| Jamnagar Utilities & Power Private Limited | Bond - Corporate Bond | ₹125.53 Cr | 2.22% |
| Triparty Repo | Cash - Repurchase Agreement | ₹108.14 Cr | 1.91% |
| India (Republic of) | Bond - Short-term Government Bills | ₹102.23 Cr | 1.81% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹100.63 Cr | 1.78% |
| PNb Housing Finance Limited | Bond - Corporate Bond | ₹100.24 Cr | 1.77% |
| National Housing Bank | Bond - Corporate Bond | ₹99.99 Cr | 1.77% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹99.98 Cr | 1.77% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹99.15 Cr | 1.75% |
| L&T Metro Rail (Hyderabad) Limited | Bond - Corporate Bond | ₹98.47 Cr | 1.74% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹96.44 Cr | 1.71% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹96.21 Cr | 1.70% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹94.92 Cr | 1.68% |
| Canara Bank | Cash - CD/Time Deposit | ₹94.91 Cr | 1.68% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹94.5 Cr | 1.67% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹93.67 Cr | 1.66% |
| Angel One Limited | Cash - Commercial Paper | ₹92.05 Cr | 1.63% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹74.26 Cr | 1.31% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹71.86 Cr | 1.27% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹71.07 Cr | 1.26% |
| SANSAR TRUST SEP 2023 IX | Bond - Asset Backed | ₹67.52 Cr | 1.19% |
| INDIGO 023 | Bond - Asset Backed | ₹66.73 Cr | 1.18% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹64.3 Cr | 1.14% |
| Shriram Transport Finance Company Limited | Bond - Corporate Bond | ₹60.08 Cr | 1.06% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹51.92 Cr | 0.92% |
| Bharti Enterprises Limited | Cash - Commercial Paper | ₹49.8 Cr | 0.88% |
| Deutsche Investments India Private Limited | Cash - Commercial Paper | ₹49.72 Cr | 0.88% |
| Bharti Enterprises Limited | Cash - Commercial Paper | ₹49.66 Cr | 0.88% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹48.77 Cr | 0.86% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹47.84 Cr | 0.85% |
| Deutsche Investments India Private Limited | Cash - Commercial Paper | ₹47.83 Cr | 0.85% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹47.72 Cr | 0.84% |
| Hero Fincorp Limited | Bond - Corporate Bond | ₹46.91 Cr | 0.83% |
| AU Small Finance Bank Ltd. | Bond - Corporate Bond | ₹46.87 Cr | 0.83% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹44.76 Cr | 0.79% |
| Bharti Enterprises Limited | Cash - Commercial Paper | ₹39.76 Cr | 0.70% |
| Bahadur Chand Investments Private Limited 9.25% | Bond - Corporate Bond | ₹37.08 Cr | 0.66% |
| Bahadur Chand Investments Private Limited 9.25% | Bond - Corporate Bond | ₹36.88 Cr | 0.65% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹34.27 Cr | 0.61% |
| PNb Housing Finance Limited | Bond - Corporate Bond | ₹25.08 Cr | 0.44% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹24.96 Cr | 0.44% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹24.9 Cr | 0.44% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.82 Cr | 0.44% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.8 Cr | 0.44% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹23.73 Cr | 0.42% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹23.55 Cr | 0.42% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹23.49 Cr | 0.42% |
| Canara Bank | Bond - Gov't Agency Debt | ₹23.44 Cr | 0.41% |
| Motilal Oswal Finvest Limited | Cash - Commercial Paper | ₹19.99 Cr | 0.35% |
| Net Current Assets | Cash | ₹19.08 Cr | 0.34% |
| LIQUID GOLD SERIES 7 | Bond - Asset Backed | ₹17.91 Cr | 0.32% |
| Andhra Pradesh State Beverages Corporation Limited | Bond - Corporate Bond | ₹17.23 Cr | 0.30% |
| North Eastern Electric Power Corporation Limited | Bond - Corporate Bond | ₹15.15 Cr | 0.27% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹15.02 Cr | 0.27% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹13.88 Cr | 0.25% |
| SANSAR TRUST DEC 2022 | Bond - Asset Backed | ₹12.66 Cr | 0.22% |
| Cash Margin - Ccil | Cash - Collateral | ₹0.71 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (12/03/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.37 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (11/03/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.36 Cr | 0.01% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹2,099.87 Cr | 37.14% |
| Cash - CD/Time Deposit | ₹1,553.56 Cr | 27.48% |
| Bond - Short-term Government Bills | ₹589.68 Cr | 10.43% |
| Cash - Commercial Paper | ₹492.2 Cr | 8.71% |
| Bond - Gov't Agency Debt | ₹420.05 Cr | 7.43% |
| Bond - Gov't/Treasury | ₹190.87 Cr | 3.38% |
| Bond - Asset Backed | ₹164.83 Cr | 2.92% |
| Cash - Repurchase Agreement | ₹108.14 Cr | 1.91% |
| Cash | ₹19.08 Cr | 0.34% |
| Mutual Fund - Open End | ₹13.88 Cr | 0.25% |
| Interest Rate Swap | ₹0.73 Cr | 0.01% |
| Cash - Collateral | ₹0.71 Cr | 0.01% |
Risk & Performance Ratios
Standard Deviation
This fund
1.52%
Cat. avg.
0.73%
Lower the better
Sharpe Ratio
This fund
1.18
Cat. avg.
-0.83
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.13
Higher the better
Fund Managers
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF204K01YH3 | Expense Ratio | 0.38% | Exit Load | No Charges | Fund Size | ₹5,654 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹100 | Fund Status | Open Ended Investment Company | Benchmark | NIFTY Ultra Short Duration Debt 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
Withdrawal (irrespective of holding period)
Realised Gain (capital gains) are taxed at your marginal income tax rate
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹240.88 Cr | 6.6% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹525.85 Cr | 6.5% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1259.19 Cr | 7.3% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1259.19 Cr | 7.5% |
| LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹284.82 Cr | 6.9% |
| LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹284.82 Cr | 6.3% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 1.0% | 0.0% | ₹2349.32 Cr | 6.9% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹5653.60 Cr | 6.9% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹220.10 Cr | 7.1% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹220.10 Cr | 7.5% |
About the AMC
Total AUM
₹4,54,004 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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We're here to help.
What is the current NAV of Nippon India Ultra Short Duration Fund Direct Growth?
The NAV of Nippon India Ultra Short Duration Fund Direct Growth, as of 17-May-2024, is ₹4072.27.
What are the returns of Nippon India Ultra Short Duration Fund Direct Growth?
The fund has generated 7.70% over the last 1 year and 7.58% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Nippon India Ultra Short Duration Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 51.87% in bonds, and 47.89% in cash and cash equivalents.
Who manages the Nippon India Ultra Short Duration Fund Direct Growth?
The fund managers responsible for Nippon India Ultra Short Duration Fund Direct Growth are:-
- Vivek Sharma
- Kinjal Desai
- Akshay Sharma
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.