Nippon India Ultra Short Duration Fund Direct Growth is a Debt Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Anju Chajjer, Vivek Sharma is the Current Fund Manager of Nippon India Ultra Short Duration Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹2,265 Cr and the Latest NAV as of 09 Dec 2019 is ₹3019.78.
The Nippon India Ultra Short Duration Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 100. Nil.
Investment Objective
The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.
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)
₹100
Min for First Investment
₹100
Min for Second Investment