Rating : ★ ★ ★ ☆ ☆
Nippon India Banking & PSU Debt Fund Direct Quarterly Payout of Income Dis cum cptl wdrl
 ÂBanking and PSU Fund
Fund Type
Open Ended
Investment Plan
Dividend Payout
Expense Ratio
0%
Asset Size
4241.92 Cr.
(As of 31 Aug, 2022)
Benchmark
NIFTY Banking & PSU Debt TR INR
Riskometer
Investors understand that their principal will be at Moderate Risk.
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 can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
 
Fund manager
Anju Chhajer
Exit load
N / A
Minimum sip
₹500
Minimum investment
₹5000
Top Holdings
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
Company
Assets
4.93% Govt Stock 2028
7.27%
Oil And Natural Gas Corporation Limited
5.25%
Niif Infrastructure Finance Limited
3.59%
Axis Bank Limited
3.23%
Sector Allocation
About the Scheme Type
Banking and PSU debt funds are generally seen as an alternative for bank deposits with low risk, liquidity and the appetite to generate stable returns. As seen in the past, these funds have an average maturity of about 2 years and invest mostly in AAA rated securities – bank certificates of deposits or bonds / debentures of PSUs. The volatility in their case is relatively lower than long-duration funds and is suited for investors looking for higher returns than bank deposits but at the same time, do not want to be exposed to high risks.
Ratings
This fund is rated 3 stars by Morning Star Ratings.
★ ★ ★ ☆ ☆
Overview of Nippon India Mutual Fund
With Average Assets Under Management (AAUM) of Rs 2,33,628.56 Crores​​ ​(January 2019 - March 2019 QAAUM) and 90.67 lakhs folios (as on​ March 31, 2019​​), Reliance Nippon Life Asset Management Ltd is one of India's leading mutual funds. Reliance Nippon Life Asset Management Ltd is one of the fastest growing mutual funds in India, offering investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 300​ cities (as on​ March 31, 2019​​) across the country. Reliance Nippon Life Asset Management Ltd constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.
Vision statement of Reliance Nippon Life Asset Management Ltd - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.
Mission statement of Reliance Nippon Life Asset Management Ltd - To create and nurture a world-class, high performance environment aimed at delighting our customers.​
Main objectives of Reliance Nippon Life Asset Management Ltd are
- To carry on the activity of a mutual fund as may be permitted by law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders
- To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings
- To take such steps as may be necessary from time to time to realise the effects without any limitation