CASPeR Ranking #48
Nippon India Low Duration Fund Direct Plan Growth Plan
NAV (Tue Sep 17 2024)
₹3,723
Returns (Since Inception)
6.32%
Category Average
5.60%
Rating
5
Allocation and Holdings
Asset class
Weightage
Unknown
26.17%
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Overall rating
Scheme Information
Fund name
Nippon India Low Duration Fund Direct Plan Growth Plan
Minimum SIP
100
Risk Level
Low to Moderate Risk
AUM
₹6261.57 Cr
ISIN
INF204K01ZU3
Inception Date
Jan 01 2013
Standard Deviation
0.605
Beta
-
Sharpe Ratio
0.78
Benchmark
CRISIL Low Duration Fund TR INR
Expense Ratio
0.370%
Exit Load
Nil
Risk
Low to Moderate Risk
Investment Objective
The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.
Fund Managers
Anju Chhajer
Vivek Sharma
Kinjal Desai
About the AMC
Nippon Life India Asset Management Ltd
Phone Number
022-6808 7000/18602660111Email Address
customercare@nipponindiaim.inCorporate Office Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)Overall AUM
₹6261.57 Cr
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frequently asked questions
view all FAQsWhat is the current NAV of Nippon India Low Duration Fund Direct Plan Growth Plan?
The NAV of Nippon India Low Duration Fund Direct Plan Growth Plan is ₹3,723 as of Tue Sep 17 2024.
Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.
Who is the fund manager of Nippon India Low Duration Fund Direct Plan Growth Plan?
Anju Chhajer is the current fund manager of Nippon India Low Duration Fund Direct Plan Growth Plan as on Wed Sep 18 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.
What is the expense ratio of Nippon India Low Duration Fund Direct Plan Growth Plan?
The Expense Ratio of Nippon India Low Duration Fund Direct Plan Growth Plan is 37.00% as of Wed Sep 18 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 37.00% of those returns will be retained by the AMC.
The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).
Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.
What is the minimum SIP amount of Nippon India Low Duration Fund Direct Plan Growth Plan?
The minimum Systematic Investment Plan (SIP) amount required for Nippon India Low Duration Fund Direct Plan Growth Plan is ₹100. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.
What is the minimum lump sum amount required to invest in Nippon India Low Duration Fund Direct Plan Growth Plan?
To initiate a lump sum investment in Nippon India Low Duration Fund Direct Plan Growth Plan, a minimum initial amount of ₹500 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.
What is risk category of the Nippon India Low Duration Fund Direct Plan Growth Plan?
In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of Nippon India Low Duration Fund Direct Plan Growth Plan is classified as Low to Moderate Risk.
What is the category of Nippon India Low Duration Fund Direct Plan Growth Plan?
The category of the Nippon India Low Duration Fund Direct Plan Growth Plan is Fixed Income.