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Nippon India Prime Debt Fund (Formerly Reliance Prime Debt Fund)

An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds

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This product is suitable for investors who are seeking*:

  • Income over short term
  • Investment predominantly in AA+ and above rated corporate bonds

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

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  • Investment Objective:
    To generate income through investments predominantly in debt instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

Fund PerformanceGrowth Plan - Growth Option

  • Latest NAV (18 Oct 2019)40.5604


NAV as on Sep 30, 2019: ` 40.4256

Performance of Nippon India Prime Debt Fund as on 30/09/2019
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Prime Debt Fund 8.26
7.09
7.917.61
B:Custom Benchmark*9.497.478.07NA
AB: Crisil 1 Yr T-Bill Index8.656.777.306.47
Value of `10000 Invested
Nippon India Prime Debt Fund 10,831 12,282 14,632 40,425
B:Custom Benchmark* 10,955 12,412 14,745 N.A
AB: Crisil 1 Yr T-Bill Index 10,870 12,171 14,224 33,006
Inception Date: Sep 14, 2000
B - Benchmark    |   AB - Additional Benchmark   
Fund Manager: Amit Tripathi (Since Oct 2008) & Anju Chhajer (Since Oct 2009)
*50% of NIFTY Short Duration Debt Index + 50% of NIFTY Low Duration Debt Index
NA stands for schemes in existence for more than 1 year but less than 3 years or 5 years or instances where benchmark data for corresponding period is not available.

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Amit Tripathi

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Money Market Fund 8.728.187.537.427.807.79
Nippon India Low Duration Fund7.248.766.907.467.597.96
Nippon India Floating Rate Fund 9.5710.646.887.487.848.32
Nippon India Hybrid Bond Fund 3.7912.375.097.817.359.31
​Nippon India Equity Hybrid Fund -1.798.015.739.387.909.59

Note:

a.Mr. Amit Tripathi manages 6 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).

Mr. Amit Tripathi has been managing Nippon India Money Market Fund since Jun 2005, Nippon India Low Duration Fund since Mar 2007, Nippon India Floating Rate Fund since Oct 2007, Nippon India Hybrid Bond Fund Oct 2008, Nippon India Prime Debt Fund since Oct 2008, Nippon India Equity Hybrid Fund since - Aug 2010

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Anju Chhajer

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Top 3
Nippon India Retirement Fund - Income Generation Scheme12.5712.965.217.60N.A.N.A.
Nippon India Banking & PSU Debt Fund11.4310.357.616.85N.A.N.A.
Nippon India Prime Debt Fund8.269.497.097.477.918.07
Bottom 3
Nippon India Retirement Fund - Wealth Creation Scheme-0.853.796.299.51N.A.N.A.
Nippon India Japan Equity Fund-3.81-8.017.768.426.019.19
Nippon India Equity Savings Fund-7.307.662.238.33N.A.N.A.

Note:

a.Ms. Anju Chhajer manages 11 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 are on the basis of 1 Year CAGR returns.

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.

Ms. Anju Chhajer has been managing Nippon India Low Duration Fund since Oct 2009, Nippon India Prime Debt Fund since Oct 2009, Nippon India Ultra Short Duration Fund since Oct 2013, Nippon India Liquid Fund since Oct 2013, Nippon India Japan Equity Fund since Aug 2014, Nippon India Retirement Fund - Wealth Creation Scheme since Feb 2015, Nippon India Retirement Fund - Income Generation Scheme sinceFeb 2015, Nippon India Banking & PSU Debt Fund since May 2015, Nippon India Equity Savings Fund since May 2015, Nippon India US Equity Opportunities Fund since Jul 2015,Nippon India Overnight Fund since Dec 2018

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 Gold BeES is `100/- per unit. 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.Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).







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Fund Details

  • Inception Date14 Sep 2000
  • Fund ManagerMr. Amit Tripathi | Ms. Anju Chhajer
Current Investment Philosophy
    • The fund seeks to benefit from opportunities available in the corporate bond market space at different points in time. Therefore, this fund invests based on short to medium term interest rate view and shape of the yield curve.
    • It typically maintains a moderate duration between 1 - 1.5 years and invests in well researched credits/structures for yield enhancement.
    • The fund is suitable for investors with a 6-12 month investment horizon.
Minimum Investment
1000.00

    and in multiples of Re.1 thereafter (for Growth Plan) For Other Plans & Options - Rs. 5,000 & in multiples of Re. 1 thereafter

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**:

Nil

**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 short term
  • Investment predominantly in AA+ and above rated corporate bonds

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



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Details as on Sep 30 , 2019

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