Nippon India Banking & PSU Debt Fund Dividend Monthly-0.39%

3Groww
11.13%
1 Year Return
Debt
Banking & PSU
3.0 star
6M
1Y
3Y
All

Fund Details

Nippon India Banking & PSU Debt Fund Dividend Monthly

RiskModerately Low
Min SIP Amount₹100
Expense Ratio0.77%
NAV10.49 (06 Dec 2019)
Fund Started15 May 2015
Fund Size3,660 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Nippon India Banking & PSU Debt Fund Dividend Monthly
11.1%
7.3%
NA
8.4%
Category Average
10.4%
7.4%
8.1%
-
Rank within category
5
6
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    Estimated Value
    as per Historical Returns
    0
    with 11.1% annual returns

    Comparison

    Data not available
    Pros
    1. 1Y Returns are higher than the benchmark
    2. 3Y Returns are higher than the benchmark
    3. Exit load is zero
    Cons
    1. Risk is higher compared to the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    GOISovereignGOI Sec13.3%
    National Bank For Agriculture & Rural DevelopmentFinancialDebenture8.8%
    State Bank of IndiaFinancialNCD7.1%
    Axis Bank Ltd.FinancialBonds/Deb6.3%
    Axis Bank Ltd.FinancialCD5.5%
    Indian Railway Finance Corpn. Ltd.FinancialDebenture5.2%
    Housing Development Finance Corpn. Ltd.FinancialDebenture5.1%
    National Thermal Power Corp. Ltd.EnergyNCD4.7%
    Hindustan Petroleum Corpn. Ltd.EnergyDebenture4.1%
    Small Industries Devp. Bank of India Ltd.FinancialNCD2.9%
    See All

    Fund Managers

    addAnju Chhajer
    Education
    Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
    Experience
    Prior to joining Reliance Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
    Funds Managed
    addVivek Sharma
    Education
    Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).
    Experience
    He has been associated with Reliance AMC since 2006.
    Funds Managed
    addKinjal Desai
    Education
    Ms. Desai is MSc(Economics)
    Experience
    Associate Equity Investments at RNAM Assisting lead Analyst in Equity Research, idea generation and sector Monitoring., assisting Fund Managers in Stock Selection and monitoring of overseas investments.
    Funds Managed

    Other Details

    Nippon India Banking & PSU Debt Fund Dividend Monthly is a Debt Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 15 May 2015. Anju Chajjer, Jahnvee Shah, Vivek Sharma is the Current Fund Manager of Nippon India Banking & PSU Debt Fund Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹3,660 Cr and the Latest NAV as of 06 Dec 2019 is ₹10.49.

    The Nippon India Banking & PSU Debt Fund Dividend Monthly is rated Moderately Low risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Nil.

    Investment Objective

    To generate income over short to medium term horizon through investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs).However, there is no assurance that the investment objective of the Scheme will be achieved

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

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    About Reliance Mutual Fund

    Address
    Corporate Office : Reliance Centre, 7th Floor South Wing, OFf Western Express Highway, Santacruz(E) Mumbai-400055
    Phone
    022-33031000/30301111
    Launch Date
    29 Jun 1995
    Reliance Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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