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Nippon India Ultra Short Duration Fund Direct Growth
DebtUltra Short DurationModerate Risk
Direct
NAV (20-Dec-24)
₹4259.030.01%1D
Returns (Since Inception)
7.20%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹7,783 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, 11 months and 21 days, having been launched on 01-Jan-13.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹4259.03, Assets Under Management (AUM) of 7783.29 Crores, and an expense ratio of 0.38%.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹4259.03, Assets Under Management (AUM) of 7783.29 Crores, and an expense ratio of 0.38%.
- Nippon India Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.20% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 33.46% in debts, and 66.33% 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
+7.99%
+6.90% (Cat Avg.)
3 Years
+6.97%
+5.99% (Cat Avg.)
5 Years
+7.06%
+5.28% (Cat Avg.)
10 Years
+6.84%
+5.57% (Cat Avg.)
Since Inception
+7.20%
— (Cat Avg.)
Portfolio Summaryas of 15th December 2024
| Debt | ₹2,604.47 Cr | 33.46% |
| Others | ₹5,178.82 Cr | 66.54% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Triparty Repo | Cash - Repurchase Agreement | ₹395.35 Cr | 5.20% |
| 182 D Tbill Mat - 14/02/2025 | Bond - Gov't/Treasury | ₹286.94 Cr | 3.77% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹280.61 Cr | 3.69% |
| Indian Bank | Cash - CD/Time Deposit | ₹270.35 Cr | 3.56% |
| Net Current Assets | Cash | ₹264.94 Cr | 3.48% |
| Adani Ports And Special Economic Zone Limited | Cash - Commercial Paper | ₹249.49 Cr | 3.28% |
| 182 DTB 12062025 | Bond - Gov't/Treasury | ₹237.37 Cr | 3.12% |
| PNb Housing Finance Limited | Bond - Corporate Bond | ₹225.14 Cr | 2.96% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹199.5 Cr | 2.62% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹198.9 Cr | 2.62% |
| HDFC Credila Financial Services Ltd | Bond - Corporate Bond | ₹195.59 Cr | 2.57% |
| Indinfravit Trust | Bond - Corporate Bond | ₹188.68 Cr | 2.48% |
| Union Bank of India | Cash - CD/Time Deposit | ₹186.3 Cr | 2.45% |
| Rec Limited | Bond - Corporate Bond | ₹181.83 Cr | 2.39% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹140.13 Cr | 1.84% |
| Highways Infrastructure Trust | Cash - Commercial Paper | ₹134.92 Cr | 1.77% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹123.03 Cr | 1.62% |
| INDIA UNIVERSAL TRUST AL2 | Bond - Asset Backed | ₹100.05 Cr | 1.32% |
| Piramal Capital & Housing Finance Ltd | Bond - Corporate Bond | ₹99.99 Cr | 1.32% |
| Hindustan Zinc Limited | Cash - Commercial Paper | ₹99.13 Cr | 1.30% |
| 182 DTB 20022025 | Bond - Gov't/Treasury | ₹98.84 Cr | 1.30% |
| 364 DTB | Bond - Gov't/Treasury | ₹98.72 Cr | 1.30% |
| Bank of Baroda | Cash - CD/Time Deposit | ₹98.61 Cr | 1.30% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹98.57 Cr | 1.30% |
| Canara Bank | Cash - CD/Time Deposit | ₹98.35 Cr | 1.29% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹98.21 Cr | 1.29% |
| Angel One Limited | Cash - Commercial Paper | ₹97.86 Cr | 1.29% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹96.73 Cr | 1.27% |
| Muthoot Fincorp Limited | Cash - Commercial Paper | ₹96.02 Cr | 1.26% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹95.79 Cr | 1.26% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹95.18 Cr | 1.25% |
| Canara Bank | Cash - CD/Time Deposit | ₹94.87 Cr | 1.25% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹94.73 Cr | 1.25% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹85.38 Cr | 1.12% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹75.9 Cr | 1.00% |
| Manappuram Finance Limited | Bond - Corporate Bond | ₹75.09 Cr | 0.99% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹74.99 Cr | 0.99% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹74.81 Cr | 0.98% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹73.96 Cr | 0.97% |
| Angel One Limited | Cash - Commercial Paper | ₹71.44 Cr | 0.94% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹70.18 Cr | 0.92% |
| 06.35 OIL SPL 2024 | Bond - Gov't Agency Debt | ₹70 Cr | 0.92% |
| INDIA UNIVERSAL TRUST AL1 | Bond - Asset Backed | ₹67.72 Cr | 0.89% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹64.84 Cr | 0.85% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹64.73 Cr | 0.85% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹52.24 Cr | 0.69% |
| VAJRA 012 TRUST | Bond - Asset Backed | ₹51.91 Cr | 0.68% |
| 06.90 OIL SPL 2026 | Bond - Gov't Agency Debt | ₹50.59 Cr | 0.67% |
| Nirma Limited 8.3% | Bond - Corporate Bond | ₹50.02 Cr | 0.66% |
| Punjab National Bank | Bond - Corporate Bond | ₹50 Cr | 0.66% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹49.93 Cr | 0.66% |
| L&T Metro Rail (Hyderabad) Limited | Bond - Corporate Bond | ₹49.71 Cr | 0.65% |
| Small Industries Development Bank of India | Cash - CD/Time Deposit | ₹49.29 Cr | 0.65% |
| AU Small Finance Bank Ltd. | Cash - CD/Time Deposit | ₹49.25 Cr | 0.65% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹49.17 Cr | 0.65% |
| Rec Limited | Bond - Corporate Bond | ₹49.1 Cr | 0.65% |
| Canara Bank | Cash - CD/Time Deposit | ₹49.09 Cr | 0.65% |
| Nuvama Wealth Finance Limited | Cash - Commercial Paper | ₹49.08 Cr | 0.65% |
| Arka Fincap Limited | Cash - Commercial Paper | ₹48.95 Cr | 0.64% |
| Angel Broking Limited | Cash - Commercial Paper | ₹48.91 Cr | 0.64% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹47.54 Cr | 0.63% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹46.6 Cr | 0.61% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹40.3 Cr | 0.53% |
| Bahadur Chand Investments Private Limited 9.25% | Bond - Corporate Bond | ₹37.39 Cr | 0.49% |
| Bahadur Chand Investments Private Limited 9.25% | Bond - Corporate Bond | ₹37.3 Cr | 0.49% |
| INDIGO 023 | Bond - Asset Backed | ₹37.13 Cr | 0.49% |
| SANSAR TRUST SEP 2023 IX | Bond - Asset Backed | ₹34.94 Cr | 0.46% |
| Shriram Housing Finance Limited | Bond - Corporate Bond | ₹25.07 Cr | 0.33% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹25.06 Cr | 0.33% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹25.04 Cr | 0.33% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹25.01 Cr | 0.33% |
| PNb Housing Finance Limited | Bond - Corporate Bond | ₹25.01 Cr | 0.33% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.98 Cr | 0.33% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.98 Cr | 0.33% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.89 Cr | 0.33% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹24.75 Cr | 0.33% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹24.64 Cr | 0.32% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹24.62 Cr | 0.32% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.61 Cr | 0.32% |
| Canara Bank | Bond - Gov't Agency Debt | ₹24.51 Cr | 0.32% |
| FIRST BUSINESS RECEIVABLES TRUST | Bond - Asset Backed | ₹21.93 Cr | 0.29% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹15.76 Cr | 0.21% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹10.02 Cr | 0.13% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹5.44 Cr | 0.07% |
| National Housing Bank | Bond - Corporate Bond | ₹5 Cr | 0.07% |
| SANSAR TRUST DEC 2022 | Bond - Asset Backed | ₹1.96 Cr | 0.03% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹0.98 Cr | 0.01% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.32 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (12/03/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.16 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (11/03/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.11 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (25/09/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.1 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (14/04/2025) (Fv 15000 Lacs) | Interest Rate Swap | ₹0.07 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (26/02/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.03 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (08/05/2025) (Fv 15000 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 | ₹2,442.86 Cr | 32.13% |
| Cash - CD/Time Deposit | ₹2,334.97 Cr | 30.71% |
| Cash - Commercial Paper | ₹965.97 Cr | 12.70% |
| Bond - Gov't/Treasury | ₹721.87 Cr | 9.49% |
| Cash - Repurchase Agreement | ₹395.67 Cr | 5.20% |
| Bond - Asset Backed | ₹315.64 Cr | 4.15% |
| Cash | ₹264.94 Cr | 3.48% |
| Bond - Gov't Agency Debt | ₹145.09 Cr | 1.91% |
| Mutual Fund - Open End | ₹15.76 Cr | 0.21% |
| Interest Rate Swap | ₹0.47 Cr | 0.01% |
Risk & Performance Ratios
Standard Deviation
This fund
0.42%
Cat. avg.
0.62%
Lower the better
Sharpe Ratio
This fund
2.64
Cat. avg.
-0.50
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.19
Higher the better
Fund Managers
Additional Scheme Detailsas of 15th December 2024
ISIN INF204K01YH3 | Expense Ratio 0.38% | Exit Load No Charges | Fund Size ₹7,783 Cr | Age 11 years 11 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% | ₹239.50 Cr | 6.9% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹607.97 Cr | 6.8% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1254.72 Cr | 7.5% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1254.72 Cr | 7.7% |
| LIC MF Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹345.69 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹345.69 Cr | 6.8% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹3038.66 Cr | 7.2% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹7783.29 Cr | 7.2% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹220.95 Cr | 7.3% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹220.95 Cr | 7.8% |
About the AMC
Nippon India Mutual Fund
Total AUM
₹5,71,991 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 20-Dec-2024, is ₹4259.03.
What are the returns of Nippon India Ultra Short Duration Fund Direct Growth?
The fund has generated 7.99% over the last 1 year and 6.97% 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, 33.46% in bonds, and 66.33% 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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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.
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.