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Fund Overview

Fund Size

Fund Size

₹6,323 Cr

Expense Ratio

Expense Ratio

0.38%

ISIN

ISIN

INF204K01YH3

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

No Charges

Inception Date

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, 5 months and 17 days, having been launched on 01-Jan-13.
As of 14-Jun-24, it has a Net Asset Value (NAV) of ₹4095.91, Assets Under Management (AUM) of 6322.84 Crores, and an expense ratio of 0.38%.
  • Nippon India Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.17% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 46.83% in debts, and 52.95% 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

+7.72%

+6.01% (Cat Avg.)

3 Years

+7.27%

+5.15% (Cat Avg.)

5 Years

+6.13%

+4.98% (Cat Avg.)

10 Years

+6.89%

+5.52% (Cat Avg.)

Since Inception

+7.17%

(Cat Avg.)

Portfolio Summaryas of 31st May 2024

Debt2,960.71 Cr46.83%
Others3,362.14 Cr53.17%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
India (Republic of)Bond - Short-term Government Bills490.45 Cr7.76%
Triparty RepoCash - Repurchase Agreement332.14 Cr5.25%
Power Finance Corporation LimitedBond - Corporate Bond266.35 Cr4.21%
HDFC Bank LimitedCash - CD/Time Deposit236.11 Cr3.73%
Indinfravit TrustBond - Corporate Bond214.97 Cr3.40%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit212.79 Cr3.37%
Canara BankBond - Gov't Agency Debt199.5 Cr3.16%
Axis Bank LimitedCash - CD/Time Deposit195.81 Cr3.10%
182 DTB 22082024Bond - Gov't/Treasury192.04 Cr3.04%
Net Current AssetsCash-160.45 Cr2.54%
Piramal Capital & Housing Finance Ltd.Cash - Commercial Paper147.14 Cr2.33%
Sembcorp Energy India LimitedCash - Commercial Paper144.42 Cr2.28%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit143.21 Cr2.26%
Dlf Cyber City Developers LtdBond - Corporate Bond138.2 Cr2.19%
Rec LimitedBond - Corporate Bond131.37 Cr2.08%
Jamnagar Utilities & Power Private LimitedBond - Corporate Bond125.36 Cr1.98%
India (Republic of)Bond - Short-term Government Bills102.86 Cr1.63%
Shriram Finance LimitedBond - Corporate Bond100.44 Cr1.59%
PNb Housing Finance LimitedBond - Corporate Bond100.14 Cr1.58%
National Housing BankBond - Corporate Bond100.08 Cr1.58%
Bharti Telecom LimitedBond - Corporate Bond100.02 Cr1.58%
L&T Metro Rail (Hyderabad) LimitedBond - Corporate Bond98.63 Cr1.56%
Muthoot Finance LimitedBond - Corporate Bond98.58 Cr1.56%
ICICI Bank LimitedCash - CD/Time Deposit97.05 Cr1.53%
Au Small Finance Bank LimitedCash - CD/Time Deposit96.87 Cr1.53%
Canara BankCash - CD/Time Deposit95.51 Cr1.51%
Axis Bank LimitedCash - CD/Time Deposit95.51 Cr1.51%
Punjab National BankCash - CD/Time Deposit95.1 Cr1.50%
Axis Bank Ltd.Bond - Corporate Bond94.69 Cr1.50%
Small Industries Development Bank of IndiaCash - Commercial Paper94.64 Cr1.50%
Angel One LimitedCash - Commercial Paper92.81 Cr1.47%
Muthoot Fincorp LimitedCash - Commercial Paper91.36 Cr1.44%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit74.71 Cr1.18%
Kotak Mahindra Bank Ltd.Bond - Corporate Bond71.52 Cr1.13%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond69.76 Cr1.10%
Indostar Capital Finance LimitedBond - Corporate Bond64.36 Cr1.02%
SANSAR TRUST SEP 2023 IXBond - Asset Backed62.66 Cr0.99%
INDIGO 023Bond - Asset Backed62.31 Cr0.99%
Godrej Industries LimitedBond - Corporate Bond51.97 Cr0.82%
Bharti Enterprises LimitedCash - Commercial Paper49.97 Cr0.79%
ICICI Bank LimitedCash - CD/Time Deposit48.94 Cr0.77%
Axis Bank LimitedCash - CD/Time Deposit48.93 Cr0.77%
Indusind Bank LimitedCash - CD/Time Deposit48.91 Cr0.77%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond48.88 Cr0.77%
HDFC Bank LimitedCash - CD/Time Deposit48.14 Cr0.76%
Deutsche Investments India Private LimitedCash - Commercial Paper48.14 Cr0.76%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit48.03 Cr0.76%
Indostar Capital Finance LimitedCash - Commercial Paper47.53 Cr0.75%
Bank Of BarodaCash - CD/Time Deposit47.43 Cr0.75%
Canara BankBond - Gov't Agency Debt47.26 Cr0.75%
Hero Fincorp LimitedBond - Corporate Bond47.23 Cr0.75%
AU Small Finance Bank Ltd.Bond - Corporate Bond47.19 Cr0.75%
Angel One LimitedCash - Commercial Paper46.38 Cr0.73%
Bahadur Chand Investments Private Limited 9.25%Bond - Corporate Bond37.08 Cr0.59%
Bahadur Chand Investments Private Limited 9.25%Bond - Corporate Bond36.85 Cr0.58%
Shriram Transport Finance Company LimitedBond - Corporate Bond35.02 Cr0.55%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond34.36 Cr0.54%
Shriram Housing Finance LimitedBond - Corporate Bond25.33 Cr0.40%
PNb Housing Finance LimitedBond - Corporate Bond25.08 Cr0.40%
Indostar Capital Finance LimitedBond - Corporate Bond24.97 Cr0.39%
LIC Housing Finance LtdBond - Corporate Bond24.97 Cr0.39%
HDFC Bank LimitedCash - CD/Time Deposit24.94 Cr0.39%
Indostar Capital Finance LimitedBond - Corporate Bond24.91 Cr0.39%
Small Industries Development Bank Of IndiaBond - Corporate Bond24.85 Cr0.39%
Small Industries Development Bank Of IndiaBond - Corporate Bond24.83 Cr0.39%
ICICI Bank LimitedCash - CD/Time Deposit24.43 Cr0.39%
Kotak Mahindra Bank Ltd.Bond - Corporate Bond23.88 Cr0.38%
HDFC Bank Ltd.Bond - Corporate Bond23.7 Cr0.37%
Kotak Mahindra Bank Ltd.Bond - Corporate Bond23.68 Cr0.37%
HDFC Bank LimitedCash - CD/Time Deposit23.67 Cr0.37%
HDFC Bank LimitedCash - CD/Time Deposit23.64 Cr0.37%
Canara BankBond - Gov't Agency Debt23.59 Cr0.37%
North Eastern Electric Power Corporation LimitedBond - Corporate Bond15.13 Cr0.24%
Rural Electrification Corporation LimitedBond - Corporate Bond15.06 Cr0.24%
Motilal Oswal Finvest LimitedCash - Commercial Paper15 Cr0.24%
Tata Capital LimitedBond - Corporate Bond14.94 Cr0.24%
Corporate Debt Market Development Fund Class A2Mutual Fund - Open End13.93 Cr0.22%
LIQUID GOLD SERIES 7Bond - Asset Backed13.43 Cr0.21%
SANSAR TRUST DEC 2022Bond - Asset Backed10.53 Cr0.17%
Rural Electrification Corporation LimitedBond - Corporate Bond10.04 Cr0.16%
Tata Capital Financial Services Ltd. 7.9%Bond - Corporate Bond9.96 Cr0.16%
Cash Margin - CcilCash - Collateral0.49 Cr0.01%
Interest Rate Swaps Pay Fix Receive Floating (12/03/2025) (Fv 10000 Lacs)Interest Rate Swap0.31 Cr0.00%
Interest Rate Swaps Pay Fix Receive Floating (11/03/2025) (Fv 10000 Lacs)Interest Rate Swap0.3 Cr0.00%

Allocation By Credit Quality (Debt)

AAA

AA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond2,424.38 Cr38.34%
Cash - CD/Time Deposit1,729.72 Cr27.36%
Cash - Commercial Paper777.39 Cr12.29%
Bond - Short-term Government Bills593.31 Cr9.38%
Cash - Repurchase Agreement332.14 Cr5.25%
Bond - Gov't Agency Debt270.35 Cr4.28%
Bond - Gov't/Treasury192.04 Cr3.04%
Cash-160.45 Cr2.54%
Bond - Asset Backed148.94 Cr2.36%
Mutual Fund - Open End13.93 Cr0.22%
Interest Rate Swap0.61 Cr0.01%
Cash - Collateral0.49 Cr0.01%

Risk & Performance Ratios

Standard Deviation

This fund

1.52%

Cat. avg.

0.74%

Lower the better

Sharpe Ratio

This fund

1.17

Cat. avg.

-0.89

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

-0.22

Higher the better

Fund Managers

Vivek Sharma

Vivek Sharma

Since October 2013

KD

Kinjal Desai

Since May 2018

AS

Akshay Sharma

Since December 2022

Additional Scheme Detailsas of 31st May 2024

ISININF204K01YH3Expense Ratio0.38%Exit LoadNo ChargesFund Size₹6,323 CrAge01 Jan 2013Lumpsum Minimum₹100Fund StatusOpen Ended Investment CompanyBenchmarkNIFTY Ultra Short Duration Debt TR INR

Investment ObjectiveInvestment 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 nameExpense RatioExit LoadFund size
1Y
PGIM India Ultra Short Duration Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹255.28 Cr6.7%
Canara Robeco Ultra Short Term Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹422.67 Cr6.5%
Baroda BNP Paribas Ultra Short Duration Fund Regular Growth

Low to Moderate Risk

0.5%0.0%₹1356.96 Cr7.3%
Baroda BNP Paribas Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹1356.96 Cr7.5%
LIC MF Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹161.02 Cr7.0%
LIC MF Ultra Short Duration Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹161.02 Cr6.4%
UTI Ultra Short Term Fund Regular Growth

Moderate Risk

1.0%0.0%₹2514.62 Cr6.9%
Nippon India Ultra Short Duration Fund Regular Growth

Moderate Risk

1.1%0.0%₹6322.84 Cr6.9%
Mahindra Manulife Ultra Short Duration Fund Regular Growth

Moderate Risk

0.7%0.0%₹233.50 Cr7.1%
Mahindra Manulife Ultra Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹233.50 Cr7.5%

About the AMC

Total AUM

₹4,73,879 Cr

Address

4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013

Other Funds by Nippon India Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Nippon India Fixed Maturity Plan - XLVI - Series 1 - 92 Days Direct Growth

Moderately High risk

-0.0%--
Nippon India Innovation Fund Direct Growth

Very High Risk

0.8%1.0%₹1560.73 Cr-
Nippon India Fixed Horizon Fund XLII Series 1 Direct Growth

Moderate Risk

----
Nippon India Fixed Horizon Fund XLII Series 7 Direct Growth

Moderate Risk

----
Nippon India Fixed Horizon Fund XLI Series 6 Direct Growth

Moderate Risk

-0.0%--
Nippon India Fixed Horizon Fund XLII Series 5 Direct Growth

Moderate Risk

----
Nippon India Fixed Horizon Fund XLI Series 7 Direct Growth

Moderate Risk

-0.0%--
Nippon India Fixed Horizon Fund - XLIII - Series 4 Direct Growth

Moderate Risk

-0.0%--
Nippon India Fixed Horizon Fund XLII Series 6 Direct Growth

Moderate Risk

----
Nippon India Interval Fund Quarterly Series I Direct Growth

Low Risk

-0.0%₹2.89 Cr7.0%
Nippon India Fixed Horizon Fund XXXX Series 10 Direct Growth

Moderate Risk

-0.0%--
Nippon India Fixed Horizon Fund XLIV Series 4 Direct Growth

Low to Moderate Risk

---7.1%
Nippon India Fixed Horizon Fund XLIV Series 3 Direct Growth

Moderate Risk

----
Nippon India Interval Fund Annual Series I Direct Growth

Low Risk

-0.0%₹16.55 Cr7.2%
Nippon India Fixed Horizon Fund XLIV Series 5 Direct Growth

Moderate Risk

-0.0%--
Nippon India Fixed Horizon Fund - XLIII - Series 1 Direct Growth

Low to Moderate Risk

-0.0%₹186.11 Cr7.3%
Nippon India Fixed Horizon Fund XLIV Series 1 Direct Growth

Moderate Risk

-0.0%-7.3%
Nippon India Fixed Horizon Fund - XLIII - Series 3 Direct Growth

Moderate Risk

----
Nippon India Fixed Horizon Fund XLI Series 5 Direct Growth

Moderate Risk

-0.0%--
Nippon India Fixed Horizon Fund XLII Series 3 Direct Growth

Moderate Risk

----
Nippon India Fixed Horizon Fund XLIII Series 5 Direct Growth

Moderate Risk

-0.0%₹161.40 Cr7.2%
Nippon India Fixed Horizon Fund XXXIX Series 12 Direct Growth

Moderate Risk

-0.0%--
Nippon India Fixed Horizon Fund - XLIII - Series 2 Direct Growth

Moderate Risk

-0.0%--
Nippon India Fixed Horizon Fund XLI Series 3 Direct Growth

Moderate Risk

-0.0%--
Nippon India Capital Protection Oriented Fund II Plan A Direct Growth

Low Risk

--₹40.32 Cr9.7%
Nippon India Interval Fund Quarterly Series III Direct Growth

Low Risk

-0.0%₹4.97 Cr7.0%
Nippon India Fixed Horizon Fund XLI Series 13 Direct Growth

Moderate Risk

----
Nippon India Fixed Horizon Fund XXXX Series 9 Direct Growth

Moderate Risk

-0.0%--
Nippon India Interval Fund Quarterly Series II Direct Growth

Moderate Risk

-0.0%₹58.13 Cr7.4%
Nippon India Fixed Horizon Fund XXXX Series 18 Direct Growth

Moderate Risk

-0.0%--
Nippon India Interval Fund Monthly Series II Direct Growth

Low Risk

-0.0%₹3.78 Cr6.3%
Nippon India Fixed Horizon Fund XXXX Sr 20 Direct Growth

Moderate Risk

-0.0%--
Nippon India Fixed Horizon Fund - XXXX Series 13 Direct Growth

Moderate Risk

-0.0%--
Nippon India Fixed Horizon Fund - XLV - Series 4 Direct Growth

Low to Moderate Risk

-0.0%-7.1%
Nippon India Fixed Horizon Fund XLI Series 9 Direct Growth

Moderate Risk

-0.0%--
Nippon India Fixed Horizon Fund XLI Series 8 Direct Growth

Moderate Risk

-0.0%₹59.65 Cr7.2%
Nippon India Interval Fund Monthly Series I Direct Growth

Low Risk

-0.0%₹3.16 Cr6.2%
Nippon India Fixed Horizon Fund - XLV - Series 5 Direct Growth

Moderately High risk

-0.0%-8.9%
Nippon India Fixed Horizon Fund XXXIX Series 13 Direct Growth

Moderate Risk

-0.0%--
Nippon India Fixed Horizon Fund XLII Series 2 Direct Growth

Moderate Risk

----
Nippon India Nifty SDL Plus G-Sec - Jun 2029 Maturity 70:30 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹264.07 Cr7.0%
Nippon India Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹15157.75 Cr8.5%
Nippon India Gilt Securities Fund Direct Growth

Moderate Risk

0.5%0.0%₹1864.74 Cr7.9%
Nippon India Banking & Financial Services Fund Direct Growth

Very High Risk

1.1%1.0%₹5462.71 Cr27.0%
Nippon India Power & Infra Fund Direct Growth

Very High Risk

1.1%1.0%₹5697.01 Cr82.5%
Nippon India Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹4606.22 Cr6.8%
Nippon India Growth Fund Direct Growth

Very High Risk

0.8%1.0%₹27931.43 Cr62.3%
Nippon India Multi Cap Fund Direct Growth

Very High Risk

0.8%1.0%₹31963.02 Cr55.0%
Nippon India Gold Savings Fund Direct Growth

High Risk

0.9%1.0%₹1877.33 Cr19.7%
Nippon India Floating Rate Fund Direct Growth

Moderate Risk

0.3%0.0%₹7955.53 Cr7.6%

Risk Level

Your principal amount will be at Moderate Risk

Moderate Risk
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The NAV of Nippon India Ultra Short Duration Fund Direct Growth, as of 14-Jun-2024, is ₹4095.91.
The fund has generated 7.72% over the last 1 year and 7.27% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 46.83% in bonds, and 52.95% in cash and cash equivalents.
The fund managers responsible for Nippon India Ultra Short Duration Fund Direct Growth are:-
  1. Vivek Sharma
  2. Kinjal Desai
  3. Akshay Sharma