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Nippon India Income Fund Direct Plan Annual Dividend Reinvestment Plan

Debt

  

Medium to Long Duration Fund

NAV

13.787 -0.0591

as on (03 Apr, 2020)

RETURNS

4.2 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.87 %

Benchmark

NIFTY Medium to Long Dur Debt TR INR

Asset Size

299.46 Cr.

(As of 30 Apr, 2019)

Risk

Moderate

Objective

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

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Fund manager

Prashant Pimple

(since 01 Dec, 2004)

Exit load

N / A

(If redeemed within 15 days)

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

7.17% Govt Stock 2028

45.54 %

7.37% Govt Stock 2023

23.35 %

Reliance Industries Limited

9.13 %

08.56 TN SDL 2028

9.12 %

Sector Allocation

About the Scheme Type

Medium to Long Duration Fund

Medium to Long Duration Funds are open ended schemes investing in debt and money market instruments such that the Macaulay Duration of the portfolio is between 4 – 7 years.

Ratings

This fund is rated 2 stars by Morning Star Ratings.

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Overview of Reliance Nippon Life Asset Management Ltd

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 Mutual Fund is one of India's leading mutual funds. Reliance Mutual Fund 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 Mutual Fund constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.

Vision statement of Reliance Mutual Fund - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.

Mission statement of Reliance Mutual Fund - To create and nurture a world-class, high performance environment aimed at delighting our customers.​

Main objectives of Reliance Mutual Fund 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