Rating: ★ ★ ★ ★ ☆

Nippon India Prime Debt Fund Direct Plan Dividend Payout Option

Debt

  

Corporate Bond Fund

NAV

13.916 + 0.003

as on (05 Jun, 2020)

RETURNS

7.7 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Expense Ratio

0.34 %

Benchmark

Nifty Short Duration Debt Index PR INR

Asset Size

736.69 Cr.

(As of 30 Apr, 2019)

Risk

Moderate

Objective

To generate income through investments predominantly in debt instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

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Fund manager

Amit Tripathi

(since 08 Oct, 2007)

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

Sansar Trust Sep 2017 III SR-A7 PTC

6.27 %

Rural Electrification Corporation Limited

6.16 %

Bharti Telecom Limited

6.05 %

Dewan Housing Finance Corporation Limited

5.66 %

Sector Allocation

About the Scheme Type

Corporate Bond Fund

Corporate Bond Funds invest into fixed income instruments, such as, bonds, commercial papers, debentures and structured obligations, issued by companies. Given that corporate bond funds ensure capital protection, they’re considered less risky. These are a good choice for investors looking for a fix but higher income from a reliable investment avenue. The usual investment horizon is 1 – 4 years and since these funds invest in the bonds of medium to long tenure, it should be looked as a long term investment option.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

★ ★ ★ ★ ☆

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