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Nippon India 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 medium 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 (10 Aug 2020)43.6606


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NAV as on June 30, 2020: ` 43.0734

Performance of Nippon India Prime Debt Fund as on 30/06/2020
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Prime Debt Fund 9.047.447.857.65
B:50% Nifty Short Duration Debt Index + 50% Nifty Low Duration Debt Index9.357.888.05N.A​.
AB:Crisil 1 Yr T-Bill Index7.697.147.126.51
Value of `10000 Invested
Nippon India Prime Debt Fund 10,912 12,404 14,596 43,074
B:50% Nifty Short Duration Debt Index + 50% Nifty Low Duration Debt Index 10,944 12,558 14,733 N.A
AB:Crisil 1 Yr T-Bill Index 10,776 12,302 14,111 34,857
Inception Date: Sep 14, 2000
B - Benchmark    |   AB - Additional Benchmark   
Fund Manager: Vivek Sharma w.e.f. 1st Feb,2020
*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: Vivek Sharma

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Top 3
Nippon India Banking & PSU Debt Fund12.7811.668.807.918.948.31
Nippon India Dynamic Bond Fund10.8013.316.808.398.409.32
Nippon India Income Fund10.4311.447.488.368.018.57
Bottom 3
Nippon India Ultra Short Duration Fund1.947.194.517.565.357.66
Nippon India Low Duration Fund8.788.037.177.587.537.74
Nippon India Short Term Fund5.714.306.194.936.195.30

Note:

a.Mr. Vivek Sharma manages 7 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. Vivek Sharma has been managing Nippon India Ultra Short Duration Fund since Oct 2013, Nippon India Income Fund since Feb 2020, Nippon India Prime Debt Fund since Feb 2020, Nippon India Short Term Fund since Feb 2020, Nippon India Low Duration Fund since Feb 2020, Nippon India Banking & PSU Debt Fund since Jun 2020, Nippon India Dynamic Bond Fund since Jun 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.Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Note:

##The Scheme Returns are inclusive of the impact of Segregation of portfolio in the respective schemes. For impact on NAV on account of Segregation of portfolio, please refer SID/KIM of the relevant Schemes​.

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Fund Details

  • Inception Date14 Sep 2000
  • Fund ManagerMr.Vivek Sharma
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 endeavors to maintain portfolio duration between 1 - 1.5 years and invests predominantly in AAA/AA+ rated instruments.
    • The fund is suitable for investors with 6 - 12 months 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

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**:

Nil

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 medium 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 Jun 30 , 2020

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