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Nippon India Ultra Short Duration Fund Direct Growth
DebtUltra Short DurationModerate Risk
Direct
NAV (21-Nov-24)
₹4235.040.03%1D
Returns (Since Inception)
7.19%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹8,313 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, 10 months and 21 days, having been launched on 01-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹4235.04, Assets Under Management (AUM) of 8313.36 Crores, and an expense ratio of 0.38%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹4235.04, Assets Under Management (AUM) of 8313.36 Crores, and an expense ratio of 0.38%.
- Nippon India Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.19% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 37.75% in debts, and 62.06% 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
+7.98%
+6.45% (Cat Avg.)
3 Years
+6.90%
+5.73% (Cat Avg.)
5 Years
+7.08%
+5.17% (Cat Avg.)
10 Years
+6.84%
+5.49% (Cat Avg.)
Since Inception
+7.19%
— (Cat Avg.)
Portfolio Summaryas of 15th November 2024
| Debt | ₹3,137.95 Cr | 37.75% |
| Others | ₹5,175.41 Cr | 62.25% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Axis Bank Limited** | Cash | ₹566.64 Cr | 6.82% |
| Canara Bank** | Cash | ₹364.79 Cr | 4.39% |
| 191 DTB 12/12/2024 | Bond - Gov't/Treasury | ₹348.43 Cr | 4.19% |
| Hdfc Bank Limited** | Cash | ₹318.72 Cr | 3.83% |
| Au Small Finance Bank Limited** | Cash | ₹309.29 Cr | 3.72% |
| 182 D Tbill Mat - 14/02/2025 | Bond - Gov't/Treasury | ₹285.46 Cr | 3.43% |
| Union Bank Of India** | Cash | ₹282.89 Cr | 3.40% |
| Indian Bank** | Cash | ₹268.78 Cr | 3.23% |
| Adani Ports And Special Economic Zone Limited** | Cash | ₹247.99 Cr | 2.98% |
| PNb Housing Finance Limited | Bond - Corporate Bond | ₹225.2 Cr | 2.71% |
| National Bank For Agriculture And Rural Development** | Cash | ₹220.16 Cr | 2.65% |
| Angel One Limited** | Cash | ₹216.54 Cr | 2.60% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹199.37 Cr | 2.40% |
| Can Fin Homes Limited | Bond - Corporate Bond | ₹199.3 Cr | 2.40% |
| Indinfravit Trust | Bond - Corporate Bond | ₹188.62 Cr | 2.27% |
| Rec Limited | Bond - Corporate Bond | ₹181.64 Cr | 2.18% |
| Nuvama Wealth Management Limited** | Cash | ₹149.03 Cr | 1.79% |
| Punjab National Bank | Cash | ₹147.31 Cr | 1.77% |
| Indusind Bank Limited** | Cash | ₹141.94 Cr | 1.71% |
| Highways Infrastructure Trust** | Cash | ₹134.11 Cr | 1.61% |
| Net Current Assets | Cash | ₹105.65 Cr | 1.27% |
| HDFC Credila Financial Services Ltd | Bond - Corporate Bond | ₹100.19 Cr | 1.21% |
| Piramal Capital & Housing Finance Ltd | Bond - Corporate Bond | ₹99.82 Cr | 1.20% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹99.49 Cr | 1.20% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹99.36 Cr | 1.20% |
| Hindustan Zinc Limited** | Cash | ₹98.57 Cr | 1.19% |
| 182 DTB 20022025 | Bond - Gov't/Treasury | ₹98.33 Cr | 1.18% |
| 364 DTB | Bond - Gov't/Treasury | ₹98.21 Cr | 1.18% |
| Bank Of Baroda** | Cash | ₹98.06 Cr | 1.18% |
| Muthoot Fincorp Ltd** | Cash | ₹95.3 Cr | 1.15% |
| Triparty Repo | Cash - Repurchase Agreement | ₹75.77 Cr | 0.91% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹75.69 Cr | 0.91% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹75.28 Cr | 0.91% |
| Manappuram Finance Limited | Bond - Corporate Bond | ₹75.08 Cr | 0.90% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹75.03 Cr | 0.90% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹74.85 Cr | 0.90% |
| Punjab National Bank** | Cash | ₹73.54 Cr | 0.88% |
| INDIA UNIVERSAL TRUST AL1 | Bond - Asset Backed | ₹71.46 Cr | 0.86% |
| 06.35 OIL SPL 2024 | Bond - Gov't Agency Debt | ₹69.98 Cr | 0.84% |
| Bharti Telecom Limited | Cash | ₹69.69 Cr | 0.84% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹69.66 Cr | 0.84% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹65.17 Cr | 0.78% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹64.9 Cr | 0.78% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹64.73 Cr | 0.78% |
| VAJRA 012 TRUST | Bond - Asset Backed | ₹54.67 Cr | 0.66% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹52.24 Cr | 0.63% |
| 06.90 OIL SPL 2026 | Bond - Gov't Agency Debt | ₹50.52 Cr | 0.61% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹50.09 Cr | 0.60% |
| PNb Housing Finance Limited | Bond - Corporate Bond | ₹50.06 Cr | 0.60% |
| Nirma Limited 8.3% | Bond - Corporate Bond | ₹50.04 Cr | 0.60% |
| Punjab National Bank | Bond - Corporate Bond | ₹50.03 Cr | 0.60% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹50 Cr | 0.60% |
| Aadhar Housing Finance Limited | Bond - Corporate Bond | ₹49.96 Cr | 0.60% |
| Indostar Capital Finance Limited** | Cash | ₹49.88 Cr | 0.60% |
| L&T Metro Rail (Hyderabad) Limited | Bond - Corporate Bond | ₹49.65 Cr | 0.60% |
| Bank Of Baroda | Cash | ₹49.08 Cr | 0.59% |
| Rec Limited | Bond - Corporate Bond | ₹49.05 Cr | 0.59% |
| Small Industries Dev Bank Of India** | Cash | ₹49.01 Cr | 0.59% |
| Kotak Mahindra Bank Limited** | Cash | ₹48.98 Cr | 0.59% |
| Nuvama Wealth Finance Limited** | Cash | ₹48.69 Cr | 0.59% |
| Arka Fincap Limited** | Cash | ₹48.57 Cr | 0.58% |
| INDIGO 023 | Bond - Asset Backed | ₹41.1 Cr | 0.49% |
| SANSAR TRUST SEP 2023 IX | Bond - Asset Backed | ₹39.32 Cr | 0.47% |
| Bahadur Chand Investments Private Limited 9.25% | Bond - Corporate Bond | ₹37.37 Cr | 0.45% |
| Bahadur Chand Investments Private Limited 9.25% | Bond - Corporate Bond | ₹37.28 Cr | 0.45% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹35.01 Cr | 0.42% |
| Tmf Holdings Limited | Bond - Corporate Bond | ₹29.93 Cr | 0.36% |
| Shriram Housing Finance Limited | Bond - Corporate Bond | ₹25.11 Cr | 0.30% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹25.04 Cr | 0.30% |
| 08.03 GOI FCI 2024 | Bond - Gov't Agency Debt | ₹25.02 Cr | 0.30% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹25.01 Cr | 0.30% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25 Cr | 0.30% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.99 Cr | 0.30% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.88 Cr | 0.30% |
| Axis Bank Limited | Cash | ₹24.53 Cr | 0.30% |
| FIRST BUSINESS RECEIVABLES TRUST | Bond - Asset Backed | ₹21.79 Cr | 0.26% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹15.71 Cr | 0.19% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹5.44 Cr | 0.07% |
| National Housing Bank | Bond - Corporate Bond | ₹5 Cr | 0.06% |
| SANSAR TRUST DEC 2022 | Bond - Asset Backed | ₹3.27 Cr | 0.04% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹0.97 Cr | 0.01% |
| Cash Margin - Ccil | Other Assets And Liabilities | ₹0.44 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (25/09/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.2 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (12/03/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.19 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (11/03/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.13 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (14/04/2025) (Fv 15000 Lacs) | Interest Rate Swap | ₹0.09 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (26/02/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.04 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (08/05/2025) (Fv 15000 Lacs) | Interest Rate Swap | ₹0.02 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹4,227.72 Cr | 50.85% |
| Bond - Corporate Bond | ₹2,785.48 Cr | 33.51% |
| Bond - Gov't/Treasury | ₹830.44 Cr | 9.99% |
| Bond - Asset Backed | ₹231.61 Cr | 2.79% |
| Bond - Gov't Agency Debt | ₹145.52 Cr | 1.75% |
| Cash - Repurchase Agreement | ₹75.77 Cr | 0.91% |
| Mutual Fund - Open End | ₹15.71 Cr | 0.19% |
| Interest Rate Swap | ₹0.67 Cr | 0.01% |
| Other Assets And Liabilities | ₹0.44 Cr | 0.01% |
Risk & Performance Ratios
Standard Deviation
This fund
0.43%
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
2.71
Cat. avg.
-0.63
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.35
Higher the better
Fund Managers
Additional Scheme Detailsas of 15th November 2024
ISIN INF204K01YH3 | Expense Ratio 0.38% | Exit Load No Charges | Fund Size ₹8,313 Cr | Age 11 years 10 months | 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
Capital Gains Taxation:
Dividend Taxation:
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 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% | ₹242.78 Cr | 6.9% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹627.14 Cr | 6.8% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1304.45 Cr | 7.5% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1304.45 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹246.19 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹246.19 Cr | 6.8% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹3046.30 Cr | 7.2% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹8313.36 Cr | 7.2% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹229.27 Cr | 7.3% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹229.27 Cr | 7.8% |
About the AMC
Nippon India Mutual Fund
Total AUM
₹5,78,235 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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Still got questions?
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 21-Nov-2024, is ₹4235.04.
What are the returns of Nippon India Ultra Short Duration Fund Direct Growth?
The fund has generated 7.98% over the last 1 year and 6.90% 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, 37.75% in bonds, and 62.06% 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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.