Rating : ★ ★ ☆ ☆ ☆

Nippon India Credit Risk Fund Direct Plan Quarterly Dividend Reinvestment Plan

Debt

  

Credit Risk Fund

NAV

11.5882 +0.0036

(as on 25 Sep, 2020)

RETURNS

-0.81 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Investment Plan

1%

Benchmark

NIFTY Credit Risk Bond TR INR

Asset Size

1489.27 Cr.

(As of 31 Aug, 2020)

Risk

Moderate

Objective

The primary investment objective of this option is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly investments shall predominantly be made in Debt & Money Market Instruments.

app screenshotapp screenshot

Google play store download image Apple app store download image

Fund manager

Prashant Pimple

Exit load

1 %

(If redeemed within 360 days)

Minimum sip

₹500

Minimum investment

₹500

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

Vineha Enterprises Private Limited

21.05%

Sanghi Industries Limited

11.03%

Indiabulls Housing Finance Limited

7.98%

Mariposa Agri Ventures and Hospitalities Private Limited

7.78%

Sector Allocation

About the Scheme Type

Credit Risk Funds need to have at least 65% of their investmentin lower rated securities such as those having AA-, A+, A-, BBB, etc. The maturity period of these papers is usually 1 – 3 years, unlike long maturity bonds. The interest rates offered by such companies is higher and earning scope arises when their ratings go up, offering a benefit of capital gains. They, at times,pose as an attractive investment option as they have the potential to give 2 – 3% higher returns than risk-free papers.

Ratings

This fund is rated 2 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