Formerly known as Reliance Short Term Fund, Nippon India Short Term Mutual Fund is a mutual fund offered by Nippon India. Nippon India Mutual Fund (NIMF) is one of India's leading mutual funds, with Average Assets Under Management (AAUM) of Rs 2,04,370.79 Crores (Oct 2019 - Dec 2019 QAAUM) and 88.78 lakhs folios (as on December 31, 2019).
Note: All information has been sourced from the official website of Nippon India.
Investment Objective: To generate stable returns for investors with a short term investment horizon by investing in debt and money market instruments.
Liquidity Option: Subscription/ Switch-in and Redemption / Switch-out of Unit Inter Plan/Inter Option Switch/Systematic Transfer Plan (STP)
Benchmark: Crisil Short Term Bond Fund Index
Fund Manager: Mr. Vivek Sharma, Mr. Prashant Pimple
NAV: Latest NAV (14 Feb 2020) Rs. 37.6848
Loads: Entry Load – Not Applicable , Exit Load – Nil
Transaction Charges: For new investors, a transaction charge of Rs. 150/- shall be levied for per purchase/subscription of Rs Rs. 10,000 and above , For existing investor, a transaction charge of Rs. 100/- shall be levied for per purchase/subscription of Rs. 10,000 and above
Plan and Options: Growth Plan - Growth Option
Dividend Plan - Dividend Payout Option and Dividend Reinvestment Option/Monthly Dividend Plan (Payout Option and Reinvestment Option)/Quarterly Dividend Plan (Payout Option and Reinvestment Option)
Direct Plan - Growth Plan - Growth Option
Direct Plan - Dividend Plan - Dividend Payout Option and Dividend Reinvestment Option / Monthly Dividend Plan (Payout Option and Reinvestment Option)/ Quarterly Dividend Plan (Payout Option and Reinvestment Option)
Performance of Nippon India Short Term Fund as on 31/01/2020
| Particulars | 1 Year CAGR % | 3 Year CAGR % | 5 Year CAGR % | Since Inception |
|---|---|---|---|---|
| Nippon India Short Term Fund | 9.47 | 6.77 | 7.58 | 8.00 |
| B: Crisil Short Term Bond Fund Index | 9.92 | 7.45 | 8.13 | 7.26 |
| AB: Crisil 1 Yr T-Bill Index | 10.84 | 5.04 | 7.33 | 6.19 |
Value of Rs. 10000 Invested
| Particulars | 1 Year CAGR % | 3 Year CAGR % | 5 Year CAGR % | Since Inception |
|---|---|---|---|---|
| Nippon India Short Term Fund | Rs. 10,947 | Rs. 12,172 | Rs. 14,414 | Rs. 37,352 |
| B: Crisil Short Term Bond Fund Index | Rs. 10,992 | Rs. 12,406/td> | Rs. 14,788 | Rs. 33,220 |
| AB: Crisil 1 Yr T-Bill Index | Rs. 11,084 | Rs. 11,589 | Rs. 14,247 | Rs. 27,992 |
Inception Date: Dec 18, 2002
B - Benchmark | AB - Additional Benchmark
Fund Manager: Prashant Pimple (Since Oct 2008), Vivek Sharma w.e.f. 1st Feb,2020
| Top 10 Holdings | Weightage (%) |
|---|---|
| National Bank For Agriculture and Rural Development | 9.70% |
| State Bank of India | 7.84% |
| LIC Housing Finance Limited | 7.43% |
| Housing Development Finance Corporation Limited | 6.55% |
| Jamnagar Utilities & Power Private Limited | 6.50% |
| Power Finance Corporation Limited | 6.15% |
| Axis Bank Limited | 5.50% |
| India Grid Trust Inv IT Fund | 5.35% |
| Muthoot Finance Limited | 5.32% |
| REC Limited | 5.05% |
You can invest in Nippon India Short Term Mutual Fund from the official website of Nippon India. Simply create a new account and register your ID/Password. Post registration, link your bank account and then ,you can easily start a systematic investment plan.
The following documents are required to purchase Nippon Short Term Fund
