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Nippon India Banking & PSU Debt Fund

An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds

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This product is suitable for investors who are seeking*:

  • Income over short to medium term.
  • Investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by Banks, Public Sector undertakings, Public Financial Institutions & Municipal 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 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.

Fund PerformanceGrowth Plan

  • Latest NAV (10 Aug 2020)15.6558


NAV as on Jun 30, 2020: ` 15.5267

Performance of Nippon India Banking & PSU Debt Fund as on 30/06/2020
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Banking & PSU Debt Fund 12.788.808.948.95
B: NIFTY Banking & PSU Debt Index11.667.918.318.30
AB: Crisil 1 Yr T-Bill Index7.697.147.127.17
Value of `10000 Invested
Nippon India Banking & PSU Debt Fund 11,289 12,882 15,349 15,527
B: NIFTY Banking & PSU Debt Index 11,177 12,569 14,909 15,053
AB: Crisil 1 Yr T-Bill Index 10,776 12,302 14,111 14,267
Inception Date: May 15, 2015
B - Benchmark    |   AB - Additional Benchmark   
Fund Manager: Prashant Pimple w.e.f. 1st Feb,2020, Hardik Shah (Since Feb 2020 till June 24,2020), Vivek Sharma (Since June 25,2020)
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 : 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 Nivesh Lakshya Fund12.9214.69N.A.N.A.N.A.N.A.
Nippon India ETF Long Term Gilt*12.1911.938.178.22N.A.N.A.
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

​​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 Prime Debt Fund9.049.357.447.887.858.05
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 Low Duration Fund8.788.037.177.587.537.74
Nippon India Short Term Fund5.714.306.194.936.195.30
Nippon India Ultra Short Duration Fund1.947.194.517.565.357.66

​​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).








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Fund Details

  • Inception Date15 May 2015
  • Fund ManagerMr.Vivek Sharma | Mr. Prashant Pimple
Current Investment Philosophy
    • Portfolio Duration will be maintained between 1.5 - 3.5 years.
    • The fund will tactically use up to 10 years G-Secs/ SDLs/ AAA Bonds to generate alpha.
    • Strategy is to capture opportunity on the desired part of yield curve depending on the interest rate expectations going forward.
Minimum Investment
5000.00

    and 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

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 short to medium term.
  • Investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by Banks, Public Sector undertakings, Public Financial Institutions & Municipal 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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Nippon India Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 to 3 years. (Please refer to the page number 14 of the Scheme Information Document on which the concept of Macaulay’s Duration has been explained)-Growth Plan Growth Option

Latest NAV

39.4547 10-Aug-2020

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