Nippon India Short Term Fund Direct Growth
DebtShort DurationModerate Risk
Direct
NAV (05-Sep-24)
₹53.260.02%1D
Returns (Since Inception)
8.11%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹6,974 Cr
Expense Ratio
0.37%
ISIN
INF204K01B32
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Nippon India Short Term Fund Direct Growth is a Short Duration mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 11 years, 8 months and 6 days, having been launched on 01-Jan-13.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹53.26, Assets Under Management (AUM) of 6974.03 Crores, and an expense ratio of 0.37%.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹53.26, Assets Under Management (AUM) of 6974.03 Crores, and an expense ratio of 0.37%.
- Nippon India Short Term Fund Direct Growth has given a CAGR return of 8.11% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 88.38% in debts, and 11.40% in cash & cash equivalents.
- You can start investing in Nippon India Short Term 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
+8.20%
+7.14% (Cat Avg.)
3 Years
+6.19%
+5.69% (Cat Avg.)
5 Years
+7.13%
+6.17% (Cat Avg.)
10 Years
+7.93%
+6.20% (Cat Avg.)
Since Inception
+8.11%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Debt | ₹6,163.65 Cr | 88.38% |
| Others | ₹810.38 Cr | 11.62% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 7.17% Govt Stock 2030 | Bond - Gov't/Treasury | ₹680.46 Cr | 9.76% |
| 7.1% Govt Stock 2029 | Bond - Gov't/Treasury | ₹541.47 Cr | 7.76% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹420.12 Cr | 6.02% |
| Triparty Repo | Cash - Repurchase Agreement | ₹346.45 Cr | 4.97% |
| Net Current Assets | Cash | ₹196.11 Cr | 2.81% |
| Tamil Nadu (Government of) 7.24% | Bond - Sub-sovereign Government Debt | ₹175.89 Cr | 2.52% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹166.75 Cr | 2.39% |
| 07.27 MH Sdl 2030 | Bond - Gov't/Treasury | ₹154.07 Cr | 2.21% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹150.97 Cr | 2.16% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹150.46 Cr | 2.16% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹150.14 Cr | 2.15% |
| Canara Bank | Bond - Gov't Agency Debt | ₹144.09 Cr | 2.07% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹124.81 Cr | 1.79% |
| Canara Bank | Cash - CD/Time Deposit | ₹107.71 Cr | 1.54% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹105.74 Cr | 1.52% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹100.62 Cr | 1.44% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹100.33 Cr | 1.44% |
| Titan Company Limited | Bond - Corporate Bond | ₹100.06 Cr | 1.43% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹99.64 Cr | 1.43% |
| Motherson Sumi Systems Limited | Bond - Corporate Bond | ₹95.2 Cr | 1.36% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹91.49 Cr | 1.31% |
| 7.04% Govt Stock 2029 | Bond - Gov't/Treasury | ₹84.15 Cr | 1.21% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹79.38 Cr | 1.14% |
| National Bank for Agriculture and Rural Development 7.68% | Bond - Gov't Agency Debt | ₹75.5 Cr | 1.08% |
| Shriram Housing Finance Limited 9.25% | Bond - Corporate Bond | ₹75.4 Cr | 1.08% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹75.27 Cr | 1.08% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹74.66 Cr | 1.07% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹72.97 Cr | 1.05% |
| 7.06% Govt Stock 2028 | Bond - Gov't/Treasury | ₹70.6 Cr | 1.01% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹64.87 Cr | 0.93% |
| HDB Financial Services 8.04% | Bond - Corporate Bond | ₹64.84 Cr | 0.93% |
| 07.17 GJ Sdl 2030 | Bond - Gov't/Treasury | ₹62.26 Cr | 0.89% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹60.26 Cr | 0.86% |
| Mahindra & Mahindra Financial Services Ltd | Bond - Corporate Bond | ₹57.96 Cr | 0.83% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹55.07 Cr | 0.79% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹51.03 Cr | 0.73% |
| Nuclear Power Corporation Of India Limited | Bond - Corporate Bond | ₹50.41 Cr | 0.72% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹50.4 Cr | 0.72% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹50.39 Cr | 0.72% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹50.22 Cr | 0.72% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹50.21 Cr | 0.72% |
| Reliance Jio Infratel Private Limited | Bond - Corporate Bond | ₹50.2 Cr | 0.72% |
| National Housing Bank | Bond - Corporate Bond | ₹50.16 Cr | 0.72% |
| Nirma Limited | Bond - Corporate Bond | ₹50.13 Cr | 0.72% |
| Tata Communications Limited | Bond - Corporate Bond | ₹50.06 Cr | 0.72% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹50.03 Cr | 0.72% |
| PNb Housing Finance Limited | Bond - Corporate Bond | ₹50.03 Cr | 0.72% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹50.02 Cr | 0.72% |
| 07.08.85 MP Sdl 2029 | Bond - Gov't/Treasury | ₹50.02 Cr | 0.72% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹49.95 Cr | 0.72% |
| Tata Consumer Products Limited | Cash - Commercial Paper | ₹49.95 Cr | 0.72% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹49.91 Cr | 0.72% |
| Bajaj Housing Finance Ltd. 7.78% | Bond - Corporate Bond | ₹49.86 Cr | 0.71% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹49.84 Cr | 0.71% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹48.5 Cr | 0.70% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹48.3 Cr | 0.69% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹44.4 Cr | 0.64% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹39.82 Cr | 0.57% |
| 7.37% Govt Stock 2028 | Bond - Gov't/Treasury | ₹35.73 Cr | 0.51% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹35.17 Cr | 0.50% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹35.1 Cr | 0.50% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹35.08 Cr | 0.50% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹34.92 Cr | 0.50% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹31.24 Cr | 0.45% |
| FIRST BUSINESS RECEIVABLES TRUST | Bond - Asset Backed | ₹29.82 Cr | 0.43% |
| The Federal Bank Limited | Bond - Corporate Bond | ₹27.12 Cr | 0.39% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹26.17 Cr | 0.38% |
| Reliance Industries Limited | Bond - Corporate Bond | ₹26.06 Cr | 0.37% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.12 Cr | 0.36% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.11 Cr | 0.36% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹25.06 Cr | 0.36% |
| Muthoot Finance Ltd. 8.9% | Bond - Corporate Bond | ₹25.06 Cr | 0.36% |
| Mahindra & Mahindra Financial Services Ltd | Bond - Corporate Bond | ₹25.03 Cr | 0.36% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.97 Cr | 0.36% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.89 Cr | 0.36% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹24.51 Cr | 0.35% |
| SANSAR TRUST SEP 2023 IX | Bond - Asset Backed | ₹24.4 Cr | 0.35% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹19.93 Cr | 0.29% |
| Pipeline Infrastructure Ltd. 7.96% | Bond - Corporate Bond | ₹16.22 Cr | 0.23% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹15.62 Cr | 0.22% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹14.97 Cr | 0.21% |
| SANSAR TRUST DEC 2022 | Bond - Asset Backed | ₹14.22 Cr | 0.20% |
| Ntpc Limited | Bond - Corporate Bond | ₹12.12 Cr | 0.17% |
| 07.72 TN UDAY 2026 | Bond - Gov't Agency Debt | ₹9.59 Cr | 0.14% |
| FIRST BUSINESS RECEIVABLES TRUST | Bond - Asset Backed | ₹8.1 Cr | 0.12% |
| L & T Finance Ltd | Bond - Corporate Bond | ₹4.97 Cr | 0.07% |
| 07.39 HR Sdl 2029 | Bond - Gov't/Treasury | ₹3.63 Cr | 0.05% |
| Cash Margin - Ccil | Cash - Collateral | ₹1.45 Cr | 0.02% |
| India Infradebt Limited | Bond - Corporate Bond | ₹1 Cr | 0.01% |
| 06.38 MH Sdl 2027 | Bond - Gov't/Treasury | ₹0.85 Cr | 0.01% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹0.7 Cr | 0.01% |
| 5.22% Govt Stock 2025 | Bond - Gov't/Treasury | ₹0.42 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (30/01/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.16 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (09/08/2027) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.1 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (26/08/2027) (Fv 7500 Lacs) | Interest Rate Swap | ₹0.02 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (29/11/2024) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (23/08/2027) (Fv 5000 Lacs) | Interest Rate Swap | ₹0 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹3,559.53 Cr | 51.04% |
| Bond - Gov't/Treasury | ₹2,103.78 Cr | 30.17% |
| Cash - Repurchase Agreement | ₹346.45 Cr | 4.97% |
| Bond - Gov't Agency Debt | ₹277.67 Cr | 3.98% |
| Cash | ₹196.11 Cr | 2.81% |
| Bond - Sub-sovereign Government Debt | ₹175.89 Cr | 2.52% |
| Cash - CD/Time Deposit | ₹156.01 Cr | 2.24% |
| Bond - Asset Backed | ₹76.54 Cr | 1.10% |
| Cash - Commercial Paper | ₹64.92 Cr | 0.93% |
| Mutual Fund - Open End | ₹15.62 Cr | 0.22% |
| Cash - Collateral | ₹1.45 Cr | 0.02% |
| Interest Rate Swap | ₹0.07 Cr | 0.00% |
Risk & Performance Ratios
Standard Deviation
This fund
1.15%
Cat. avg.
1.77%
Lower the better
Sharpe Ratio
This fund
0.25
Cat. avg.
-0.47
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.02
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st August 2024
ISIN | INF204K01B32 | Expense Ratio | 0.37% | Exit Load | No Charges | Fund Size | ₹6,974 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹100 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Short Duration Debt A-II 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 Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Axis Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹8507.89 Cr | 7.6% |
| Mirae Asset Short Term Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹334.73 Cr | 7.2% |
| Tata Short Term Bond Fund Regular Growth Moderate Risk | 1.2% | 0.0% | ₹2397.11 Cr | 7.1% |
| Bandhan Bond Fund - Short Term Plan Regular Growth Moderate Risk | 0.8% | 0.0% | ₹8726.14 Cr | 7.8% |
| Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹334.73 Cr | 8.1% |
| ICICI Prudential Short Term Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹18719.16 Cr | 7.7% |
| Mahindra Manulife Short Duration Fund Regular Growth Moderate Risk | 1.3% | 0.0% | ₹63.68 Cr | 7.4% |
| Mahindra Manulife Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹63.68 Cr | 8.5% |
| Nippon India Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹6974.03 Cr | 7.6% |
| HDFC Short Term Debt Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹13653.76 Cr | 8.0% |
About the AMC
Total AUM
₹5,54,956 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 Short Term Fund Direct Growth?
The NAV of Nippon India Short Term Fund Direct Growth, as of 05-Sep-2024, is ₹53.26.
What are the returns of Nippon India Short Term Fund Direct Growth?
The fund has generated 8.20% over the last 1 year and 6.19% 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 Short Term Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 88.38% in bonds, and 11.40% in cash and cash equivalents.
Who manages the Nippon India Short Term Fund Direct Growth?
The fund managers responsible for Nippon India Short Term Fund Direct Growth are:-
- Vivek Sharma
- Kinjal Desai
- Sushil Budhia
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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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.
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.