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Nippon India Short Term Fund

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.

Features of Nippon India Short Term Fund

  1. It is an open-ended short term debt scheme
  2. Investment horizon is between 1 to 3 years
  3. The fund invests primarily in debt and money market instruments
  4. Comes with a minimum subscription of Rs. 500
  5. Nil entry and exit loads

Benefits of Nippon India Mutual Fund

  • 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)

  • Minimum Application Amount - For First Purchase (All Options / Plans) Rs. 500 & in multiples of Re. 1 thereafter Additional Purchase (All Options / Plans) Rs.500 & in multiples of Re. 1 thereafter
  • Minimum Switch Amount - Rs. 500/-

Performance of Nippon India Short Term Mutual Fund

Performance of Nippon India Short Term Fund as on 31/01/2020

Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Short Term Fund9.476.777.588.00
B: Crisil Short Term Bond Fund Index9.927.458.137.26
AB: Crisil 1 Yr T-Bill Index10.845.047.336.19

Value of Rs. 10000 Invested

Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Short Term FundRs. 10,947Rs. 12,172Rs. 14,414Rs. 37,352
B: Crisil Short Term Bond Fund IndexRs. 10,992Rs. 12,406/td> Rs. 14,788Rs. 33,220
AB: Crisil 1 Yr T-Bill IndexRs. 11,084Rs. 11,589Rs. 14,247Rs. 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 Holdings in Nippon India Short Term Mutual Fund

Top 10 holdings by issuer (As on September 30, 2019)

Top 10 HoldingsWeightage (%)
National Bank For Agriculture and Rural Development9.70%
State Bank of India7.84%
LIC Housing Finance Limited7.43%
Housing Development Finance Corporation Limited6.55%
Jamnagar Utilities & Power Private Limited6.50%
Power Finance Corporation Limited6.15%
Axis Bank Limited5.50%
India Grid Trust Inv IT Fund 5.35%
Muthoot Finance Limited 5.32%
REC Limited5.05%

How to Invest in Nippon India Short Term Mutual Fund?

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.

Documents Required to Purchase Nippon Short Term Fund

The following documents are required to purchase Nippon Short Term Fund

  1. Application Form
  2. KYC - Proof of ID and Address
  3. Bank Statement and Proof of Income
  4. SIP/Auto Debit/SI Mandate Form
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