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​​​​​​​​​​​​​​ ​​​​​Home Funds and Performance Nippon India nivesh lakshya fund.​ ​​​​​​

Nippon India Nivesh Lakshya Fund

An open ended debt scheme investing in instruments such that the Macaulay Duration of the portfolio is greater than 7 years (Please refer to the page number 1 of the Scheme Information Document on which the concept of Macaulay’s Duration has been explained)

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This product is suitable for investors who are seeking*:

  • Income over long term
  • Investment in Debt and Money Market instruments with portfolio Macaulay duration of greater than 7 years

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

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  • Investment Objective:
    The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments.

Fund PerformanceGrowth Plan

  • Latest NAV (10 Jul 2020)13.7306


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NAV as on Jun 30, 2020: ` 13.5006

Performance of Nippon India Nivesh Lakshya Fund as on 30/06/2020
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Nivesh Lakshya Fund 12.92 N.A. N.A. 16.31
​B: Crisil Long Term Debt Index14.69 N.A. N.A. 13.62
AB: Crisil 10 Yr Gilt Index11.12 N.A. N.A. 12.40
Value of `10000 Invested
Nippon India Nivesh Lakshya Fund
11,304 N.A. N.A. 13,501
B: Crisil Long Term Debt Index11,482 N.A. N.A. 12,887
AB: ​Crisil 10 Yr Gilt Index11,122 N.A. N.A. 12,612
Inception Date: July 6, 2018
​​​B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index​
​​​Fund Manager: Hardik Shah (Since Feb 2020 till June 24,2020), Prashant Pimple(Since July 2018) ​
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PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER : Prashant Pimple

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Top 3
Nippon India Gilt Securities Fund13.3812.769.178.3010.639.33
Nippon India ETF Long Term Gilt*12.1911.938.178.22N.A.N.A.
Nippon India Banking & PSU Debt Fund12.7811.668.807.918.948.31
Bottom 3
Nippon India Retirement Fund - Income Generation Scheme4.4910.295.107.987.089.53
Nippon India Balanced Advantage Fund-5.52-1.222.685.545.167.61
Nippon India Retirement Fund - Wealth Creation Scheme-24.21-10.93-5.211.880.635.58

Note:

a. Prashant Pimple manages 9 open-ended schemes of Nippon India Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Prashant Pimple has been managing Nippon India Dynamic Bond Fund since Oct 2008, Nippon India Short Term Fund since Oct 2008, Nippon India ETF Long Term Gilt since Jul 2016, Nippon India Nivesh Lakshya Fund since Jul 2018,Nippon India Retirement Fund - Income Generation Scheme since Feb 2020,Nippon India Retirement Fund - Wealth Creation Scheme since Feb 2020,Nippon India Banking & PSU Debt Fund since Feb 2020,Nippon India Balanced Advantage Fund since Feb 2020, Nippon India Nifty IT Fund since June 2020

​Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other Investment. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of dividend option would be Net of Dividend distribution tax, if any. Face value of scheme is `10/- per unit. Face Value of Nippon India Low Duration Fund is `1000/- per unit. Face Value of Nippon India Money Market Fund, Nippon India Liquid Fund, Nippon India Ultra Short Duration Fund is `1000/- per unit w.e.f 5th Aug 2012. Face value of Nippon India ETF Junior BeES is `1.25/- per unit. Face value of Nippon India ETF Liquid BeES is `1000/- per unit. Face Value of Nippon India ETF Nifty BeES, Nippon India ETF Bank BeES, Nippon India ETF PSU Bank BeES, Nippon India ETF NV20, Nippon India ETF Hang Seng BeES has changed from `10/- per unit to `1/- per unit w.e.f 20th Dec 2019. Face value of Nippon India ETF Gold BeES has changed from `100/- per unit to `1/- per unit w.e.f 20th Dec 2019. Face value of Nippon India Overnight Fund is `100/- per unit. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended schemes are not provided since these are not comparable with other schemes.​​​​​​​​The Scheme does not offer any Plans/Options. The performance details are provided at Scheme level using Dividend Reinvestment NAV's.




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Fund Details

  • Inception Date6 Jul 2018
  • Fund ManagerMr. Prashant Pimple
Current Investment Philosophy
    • Investments in long term fixed income securities predominantly Government Securities at the current yields.
    • Most of the securities would be bought and held till maturity.
    • Rebalancing the portfolio to ensure that similar securities mix is maintained.
Minimum Investment
5000.00

    and in multiples of Re. 1 thereafter

Fund Manager
Load Details

Entry Load*:

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

10% of the units allotted can be redeemed every year without any exit load, on or before completion of 36 months from the date of allotment of units. Any redemption in excess of such limit in the first 36 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO):

1% if redeemed or switched out on or before completion of 36 months from the date of allotment of units

Nil, thereafter.

Exit load levied on the Units redeemed will be the rate prevailing at the time of the allotment of the Units. For Special products registrations, load for each transaction is based on the load structure applicable as on the registration date.

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Income over long term
  • Investment in Debt and Money Market instruments with portfolio Macaulay duration of greater than 7 years

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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Details as on Jun 30 , 2020

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