notice cum addendum no. 63

104 Pages·2017·2.04 MB·English

by  Pranali Narendra Kambli

Debt & Liquid Schemes
Key Information Memorandum cum Common Application Form
Continuous offer of Open-Ended Debt & Liquid Schemes at NAV based prices
TRUSTEE
Registered Office
Nippon Life India Trustee Limited (NLITL)
CIN : U65910MH1995PLC220528
4th Floor, Tower A, Peninsula Business Park, Gana- INVESTMENT MANAGER
patrao Kadam Marg, Lower Parel (W), Mumbai - Registered Office
400 013. Nippon Life India Asset Management Limited (NAM
Tel No. - [phone], Fax No. - [phone] India)
7097 CIN : L65910MH1995PLC220793
E-mail : [email protected] 4th Floor, Tower A, Peninsula Business Park, Ganapatrao
‘Touchbase’ [Customer Helpline] 18602660111 Kadam Marg, Lower Parel (W), Mumbai - 400 013.
(Charges applicable) Tel No. - [phone], Fax No. - [phone]
Overseas callers need to dial 91-22-68334800
(charges applicable).
Website: mf.nipponindiaim.com
This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing.
For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights &
services, risk factors, penalties & pending litigations, etc., investors should, before investment, refer to the respective
Scheme Information Document and Statement of Additional Information available free of cost at any of the Investor
Service Centres or distributors or from the website mf.nipponindiaim.com
The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds)
Regulations 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered
for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of
this KIM. This KIM is dated Apri 29, 2022.
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nvestors are requested to review product labels for respective schemes which are provided below at the time of Investments.
I
Name of Scheme & This product is suitable for in-
Fund Riskometer Benchmark Riskometer
Benchmark vestors who are seeking*:
Nippon India Overnight Fund
An open-ended debt scheme
investing in overnight securities.
•Income over short term
Relatively Low Interest Rate Risk and
•Investment in debt and money market
Relatively Low
instruments with overnight maturity.
Credit Risk.
Investors understand that their principal Benchmark Riskometer is
Benchmark: Crisil Overnight Index will be at Low risk at Low risk
Nippon India Floating Rate Fund
An open ended debt scheme
predominantly investing in floating
rate instruments (including fixed rate
•Income over short term
instruments converted to floating rate
•Investment predominantly in floating
exposures using swaps/ derivatives).
rate instruments (Including fixed rate
Relatively High interest rate risk and
instruments converted to floating rate
moderate
exposures using swaps/ derivatives)
Credit Risk.
Benchmark:Crisil Short Term Bond
Fund Index
Nippon India Income Fund
An open ended medium term debt Investors understand that their principal Benchmark Riskometer is
scheme investing in instruments such will be at Low to Moderate risk at Moderate risk
that the Macaulay duration of the •Income over medium to long term
portfolio is between 4 to 7 years. •Investment in debt and money market
Relatively High interest rate risk and instruments with portfolio Macaulay
Relatively Low Credit Risk Duration of 4 – 7 yrs
Benchmark: Nifty Medium to Long
Duration Debt Index
Nippon India Banking & PSU Debt
Fund
An open ended debt scheme
•Income over short to medium term
predominantly investing in Debt
•Investments in debt and money
instruments of banks, Public Sector
market instruments of various
Undertakings, Public Financial
maturities, consisting predominantly
Institutions and Municipal Bonds.
of securities issued by Banks, Public
Relatively High interest rate risk and
Sector undertakings, Public Financial
moderate Credit Risk.
Institutions & Municipal Bonds
Benchmark: Nifty Banking & PSU Debt
Index
Nippon India Ultra Short Duration
Fund
An open ended ultra-short term debt
scheme investing in debt and money • Income over short term
market instruments such that the •Investment in debt and money market
Macaulay duration of the portfolio instruments such that the Macaulay
is between 3 - 6 months. Moderate duration of the portfolio is between 3
interest rate risk and moderate Credit - 6 months
Risk.
Benchmark: Nifty Ultra Short Duration
Debt Index
Nippon India Money Market Fund Investors understand that their principal Benchmark Riskometer is
An open ended debt scheme investing will be at Moderate risk at Moderate risk
in money market instruments. •Income over short term
Relatively Low interest rate risk and •Investment in money market
moderate Credit Risk. instruments having residual maturity
up to 1 year
Benchmark: Crisil Money Market
Index
Nippon India Low Duration Fund
An open ended low duration debt
scheme investing in debt and money
•Income over short term
market instruments such that the
•Investment in debt and money market
Macaulay duration of the portfolio is
instruments such that Macaulay
between 6 - 12 months. Relatively High
duration of the portfolio is between 6
interest rate risk and moderate Credit
- 12 months
Risk.
Benchmark: Nifty Low Duration Debt
Index
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: For current riskometer and PRC matrix, kindly refer the respective latest addendum available on the website.
2
nvestors are requested to review product labels for respective schemes which are provided below at the time of Investments.
I
Name of Scheme & This product is suitable for in-
Fund Riskometer Benchmark Riskometer
Benchmark vestors who are seeking*:
Nippon India Short Term Fund
An open ended short term debt
scheme investing in instruments
•Income over short term
such that the Macaulay duration of
•Investment in debt & money market
the portfoliois between 1 to 3 years.
instruments with portfolio Macaulay
Relatively High interest rate risk and
Duration between 1- 3 years
moderate Credit Risk.
Benchmark: Crisil Short Term Bond
Fund Index
Nippon India Dynamic Bond Fund
An open ended dynamic debt
scheme investing across duration.
•Income over long term
Relatively High interest rate risk and
•Investment in debt and money market
Relatively Low Credit Risk.
instruments across duration
Benchmark: CRISIL Composite Bond
Fund Index
Nippon India Corporate Bond Fund
An open ended debt scheme
predominantly investing in AA+
and above rated corporate bonds. •Income over medium term
Relatively High interest rate risk and •Investment predominantly in AA+ and
moderate Credit Risk. above rated corporate bonds Investors understand that their principal Benchmark Riskometer is
will be at Moderate risk at Moderate risk
Benchmark: Nifty Corporate Bond
Index
Nippon India Gilt Securities Fund
An open ended debt scheme
investing in government securities
across maturity. Relatively High •Income over long term
interest rate risk and Relatively Low •Investment in Government securities
Credit Risk. across maturity
Benchmark: CRISIL Dynamic Gilt
Index
Nippon India Nivesh Lakshya Fund
An open ended debt scheme
investing in instruments such that the
Macaulay duration of the portfolio is •Income over long term
greater than 7 years. Relatively High •Investment in debt and money market
interest rate risk and Relatively Low instruments with portfolio Macaulay
Credit Risk. Duration of grater than 7 yrs
Benchmark: Crisil Long Term Debt
Index
Nippon India Liquid Fund
An Open Ended Liquid Scheme.
•Income over short term
Relatively Low interest rate risk and
•Investment in debt and money market
moderate Credit Risk.
instruments
Benchmark: Crisil Liquid Fund Index
Investors understand that their principal Benchmark Riskometer is
will be at Low to Moderate risk at Low to Moderate risk
Nippon India Strategic Debt Fund
An open ended medium term debt
scheme investing in instruments
such that the Macaulay duration of •Income over medium term
the portfolio is between 3 to 4 years. •Investment predominantly in debt
Relatively High interest rate risk and and money market instruments with
Relatively High Credit Risk. portfolio Macaulay Duration of 3 – 4 yrs
Benchmark:Crisil Medium Term Debt Investors understand that their principal Benchmark Riskometer is
Index will be at High risk at Moderate risk
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: For current riskometer and PRC matrix, kindly refer the respective latest addendum available on the website.
3
nvestors are requested to review product labels for respective schemes which are provided below at the time of Investments.
I
Name of Scheme & This product is suitable for in-
Fund Riskometer Benchmark Riskometer
Benchmark vestors who are seeking*:
Nippon India Hybrid Bond Fund
• Regular income and capital growth
An open ended hybrid scheme
over long term
investing predominantly in debt
•Investment in debt & money market
instruments
instruments and equities and equity
related securities
Benchmark: Crisil Hybrid 85+15 -
Conservative Index Investors understand that their principal Benchmark Riskometer is
will be at High risk at Moderately High risk
Nippon India Credit Risk Fund
An open ended debt scheme
predominantly investing in AA
and below rated corporate bonds •Income over medium term
(excluding AA+ rated •Investment predominantly in AA and
corporate bonds). Relatively High below rated corporate bonds
interest rate risk and Relatively High
Credit Risk. Investors understand that their principal Benchmark Riskometer is
Benchmark: Nifty Credit Risk Bond will be at High risk at High risk
Index
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: For current riskometer and PRC matrix, kindly refer the respective latest addendum available on the website.
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Potential Risk Class (“PRC”)
Potential Risk Class
Credit Risk à
Relatively Low Moderate Relatively
Interest Rate Risk â (Class A) (Class B) High (Class C)
Nippon India Overnight Fund
Relatively Low (Class I) A-I
Moderate (Class II)
Relatively High (Class III)
Nippon India Gilt Securities Fund
Potential Risk Class
Nippon India Income Fund
Credit Risk à
Relatively Low Moderate Relatively
Nippon India Dynamic Bond Fund
Interest Rate Risk â (Class A) (Class B) High (Class C)
Nippon India Nivesh Lakshya Fund
Relatively Low (Class I)
Nippon India ETF Long Term Gilt
Moderate (Class II)
Nippon India Floating Rate Fund
Relatively High (Class III) A-III
Potential Risk Class
Credit Risk à
Relatively Low Moderate Relatively
Nippon India Liquid Fund Interest Rate Risk â (Class A) (Class B) High (Class C)
Nippon India Money Market Fund Relatively Low (Class I) B-I
Moderate (Class II)
Relatively High (Class III)
Potential Risk Class
Credit Risk à
Relatively Low Moderate Relatively
Interest Rate Risk â (Class A) (Class B) High (Class C)
Nippon India Ultra Short Duration Fund (Number
of Segregated Portfolio -1) Relatively Low (Class I)
Moderate (Class II) B-II
Relatively High (Class III)
Potential Risk Class
Nippon India Corporate Bond Fund Credit Risk à
Relatively Low Moderate Relatively
Nippon India Banking & Psu Debt Fund Interest Rate Risk â (Class A) (Class B) High (Class C)
Nippon India Short Term Fund Relatively Low (Class I)
Nippon India Low Duration Fund Moderate (Class II)
Relatively High (Class III) B-III
Potential Risk Class
Nippon India Strategic Debt Fund (Number of Credit Risk à Relatively Low Moderate Relatively
Interest Rate Risk â (Class A) (Class B) High (Class C)
Segregated Portfolios - 2)
Relatively Low (Class I)
Nippon India Credit Risk Fund (Number of
Segregated Portfolios- 2) Moderate (Class II)
Relatively High (Class III) C-III
Note: For current riskometer and PRC matrix, kindly refer the respective latest addendum available on the website.
5
KEY SCHEME FEATURES
NAME OF THE SCHEME Nippon India Liquid Fund
An open ended liquid scheme, listed on the Exchange in the form of an ETF, investing in Tri-Party Repo on G-Sec or T-bills
Scheme Type /Repo & Reverse Repo with daily Dividend and compulsory Reinvestment of Income Distribution cum capital withdrawal
option. Relatively Low Interest Rate Risk and Relatively Low Credit Risk.
The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high
Investment objective
liquidity by investing in debt and money market instruments..
Indicative asset
allocation Risk Profile
Instruments (% of total assets)
High/ Medium/
Asset Allocation Pattern Minimum Maximum
Low
Money market & Debt instruments (including Tri-Party Repo/ Repo/
Reverse Repo (including Corporate Bond Repo)) with maturity up to 0% 100% Low to Medium
91 days
An open ended liquid fund which focus on reasonable carry with a view to maximize returns while ensuring adequate
liquidity through investments in various money market and debt instruments with maturity up to 91 days. The average
Differentiation
maturity of the portfolio will be in the range of 30- 60 days under normal market conditions. It is suitable for short term
cash management & investors with an investment horizon of 7 day to 1 month.
Month-end AUM as on 31/03/2022 Rs. 24,336.03 Crs
No of Folios as on 31/03/2022 266,838
Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations,
Risk Mitigation Factors rigorous procedures for monitoring investment restrictions, monitoring of rating transitions, and effective implementation
of various norms prescribed by SEBI from time to time.
The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a
balance between safety, liquidity and profitability aspects of various investments. The fund manager will try to achieve
an optimal risk return balance for management of the fixed income portfolios. The investments in debt instruments carry
Investment Strategy various risks like interest rate risk, liquidity risk, default risk, purchasing power risk etc. While they cannot be done away with,
they can be minimized by diversification and effective use of hedging techniques. The fund management team will take
an active view of the interest rate movement by keeping a close watch on various parameters of the Indian economy,
as well as developments in global markets.
i. Growth Option iii. Direct Plan - Growth Option
ii. Income Distribution cum Capital Withdrawal (IDCW) iv. Direct Plan - Income Distribution cum Capital With-
options drawal (IDCW) options
a. Daily Reinvestment of Income Distribution cum capital a. Daily Reinvestment of Income Distribution cum capital
withdrawal option withdrawal option
b. Weekly Reinvestment of Income Distribution cum b. Weekly Reinvestment of Income Distribution cum
capital withdrawal option capital withdrawal option
Plans and Options c. Monthly Payout of Income Distribution cum capital c. Monthly Payout of Income Distribution cum capital
withdrawal option withdrawal option
d. Monthly Reinvestment of Income Distribution cum d. Monthly Reinvestment of Income Distribution cum
capital withdrawal capital withdrawal
e. Quarterly Payout of Income Distribution cum capital e. Quarterly Payout of Income Distribution cum capital
withdrawal option withdrawal option
f. Quarterly Reinvestment of Income Distribution cum f. Quarterly Reinvestment of Income Distribution cum
capital withdrawal capital withdrawal
Under both payout of IDCW and reinvestment of IDCW options: Monthly & Quarterly. Under only reinvestment of IDCW
IDCW Frequency
option: Daily & Weekly
Minimum Application Amount: Daily IDCW Option - Rs.10,000 & in multiples of Re. 1 thereafter
Weekly IDCW Option - Rs.5,000 & in multiples of Re. 1 thereafter
All Other Options - Rs.100 & in multiples of Re. 1 thereafter
Minimum Application Amount/ Minimum Additional Purchase Amount: Daily IDCW Option - Rs. 10,000 & in multiples of Re. 1 thereafter
Minimum Additional Purchase Weekly IDCW Option - Rs.1,000 & in multiples of Re. 1 thereafter
Amount All Other Options - Rs.100 & in multiples of Re. 1 thereafter
Note – Pursuant to notice cum addendum dated October 30, 2021, for investments made by designated employees in
terms of SEBI circular dated April 28, 2021 and September 20, 2021, requirement for minimum application/ redemption
amount will not be applicable.
Redemptions can be of minimum amount of Rs 100 or any number of units {(except for ‘Redemption by means of Nippon
Minimum Redemption India Any Time Money Card (“The Card”)}. Redemption by means of Nippon India Any Time Money Card (“The Card”) can be
of any amount.
Benchmark Crisil Liquid Fund Index (upto March 31, 2022), NIFTY Liquid Index B-I, (w.e.f. April 01, 2022)
Anju Chhajer (Managing the Scheme - Since Oct 2013)
Fund Manager Siddharth Deb (Managing the Scheme - Since Mar 2022)
Kinjal Desai (Dedicated Fund Manager for Overseas Investments) (Managing the Scheme - Since May 2018)
Performance Please refer Scheme Performance Snapshot
Expenses of the Scheme
(i) Load Structure
6
KEY SCHEME FEATURES
Nil
In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the
Scheme to the investor effective August 1, 2009. Pursuant to SEBI circular No. SEBI/HO/IMD/DF2/CIR/P/2019/42 dated March
Entry Load
25, 2019, there shall be no entry load for investments under SIP’s registered before August 01, 2009 with effect from April 15,
2019. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’
assessment of various factors including the service rendered by the distributor.
Investor exit upon Up to Day 7
Day 2 Day 3 Day 4 Day 4 Day 6
Subscription Day 1 onwards
Exit Load (w.e.f. Oct 20, 2019) Exit Load as % of
redemption/ switchout
0.0070% 0.0065% 0.0060% 0.0055% 0.0050% 0.0045% 0.0000%
amount (including
systematic transactions)
(ii) Recurring Expenses Please refer to point no. v in common information to all schemes.
Actual expenses
(For the previous financial year
Direct Plan - 0.18% Other than Direct Plan - 0.32% Retail Plan - 0.94%
(2021-2022) Year to date Ratio
to Average AUM)
7
KEY SCHEME FEATURES
NAME OF THE SCHEME Nippon India Overnight Fund
Scheme Type An open-ended debt scheme investing in overnight securities
To generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with
Investment objective overnight maturity. However, there can be no assurance or guarantee that the investment objective of the scheme will
be achieved.
Indicative allocation
Risk Profile
(% of total assets)
Instruments (High/Medium/
Low)
Minimum Maximum
Asset Allocation Pattern
Debt & money market instruments (including
MIBOR linked instruments with daily put and call
0% 100% Low
option) maturing on or before next business
day
This fund belongs to the family of overnight funds. It is suitable for investors with an investment horizon of 1 day to 7 days.
Differentiation The fund predominantly invests in various debt instruments & money market instruments maturing on or before next
business day
Month-end AUM as on
Rs. 10,363.48 Crs
31/03/2022
No of Folios as on 31/03/2022 6,772
Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations,
Risk Mitigation Factors rigorous procedures for monitoring investment restrictions, monitoring of rating transitions, and effective implementation
of various norms prescribed by SEBI from time to time.
The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a
balance between safety, liquidity and profitability aspects of various investments. The fund manager will try to achieve
an optimal risk return balance for management of the fixed income portfolios. The investments in debt instruments carry
Investment Strategy various risks like interest rate risk, liquidity risk, default risk, purchasing power risk etc. While they cannot be done away with,
they can be minimized by diversification and effective use of hedging techniques. The fund management team will take
an active view of the interest rate movement by keeping a close watch on various parameters of the Indian economy,
as well as developments in global markets.
Plans and Options i. Growth Option
ii. Income Distribution cum capital withdrawal Option
• Daily Reinvestment of Income Distribution cum capital withdrawal option
• Weekly Reinvestment of Income Distribution cum capital withdrawal option
• Monthly Payout of Income Distribution cum capital withdrawal option
• Monthly Reinvestment of Income Distribution cum capital withdrawal option
• Quarterly Payout of Income Distribution cum capital withdrawal option
• Quarterly Reinvestment of Income Distribution cum capital withdrawal option
Under Payout of Income Distribution cum capital withdrawal option: Monthly & Quarterly; Under Reinvestment of Income
IDCW Frequency
Distribution cum capital withdrawal option: Daily, Weekly, Monthly, Quarterly
Minimum Application Amount/
Minimum Application Amount: Rs.5,000 & in multiples of Re. 1 thereafter
Minimum Additional
Minimum Additional Purchase Amount: Rs.1,000 & in multiples of Re. 1 thereafter
Purchase Amount
Redemptions can be of minimum amount of Rs 100 or any number of units {(except for ‘Redemption by means of Nippon
Minimum Redemption India Any Time Money Card (“The Card”)}. Redemption by means of Nippon India Any Time Money Card (“The Card”) can
be of any amount.
Benchmark Crisil Overnight Index (upto March 31, 2022), CRISIL Overnight Fund AI Index (w.e.f. April 01, 2022)
Fund Manager Anju Chhajer (Managing the Scheme - Since Dec 2018)
Performance Please refer Scheme Performance Snapshot
Expenses of the Scheme
(i) Load Structure
Nil
In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme
Entry Load
to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered
Distributors based on the investors’ assessment of various factors including the service rendered by the distributor.
Nil
Exit Load
If charged, the same shall be credited to the scheme immediately net of goods and services tax, if any.
(ii) Recurring Expenses Please refer to point no. v in common information to all schemes.
Actual expenses
(For the previous financial year Direct Plan - 0.06%
Regular Plan - 0.18%
(2021-2022) Year to date Ratio
to Average AUM)
8
KEY SCHEME FEATURES
NAME OF THE SCHEME Nippon India Money Market Fund
An open ended debt scheme investing in money market instruments. Relatively Low interest rate risk and moderate
Scheme Type
Credit Risk.
The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquid-
Investment objective
ity by investing in money market instruments.
Indicative asset allocation
Risk Profile
Instruments (% of total assets)
Asset Allocation Pattern Minimum Maximum High/ Medium/ Low
Money Market Instruments having residual
0% 100% Low to Medium
maturity up to 1 year
The fund would invest in money market instruments like Certificate of Deposits (CD), Commercial Papers (CP), etc. The
Differentiation portfolio duration would be maintained between 100 -150 days and is ideal for investors with an investment horizon of
1 – 3 months.
Month-end AUM as on
Rs. 8,112.47 Crs
31/03/2022
No of Folios as on 31/03/2022 19,164
Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rig-
Risk Mitigation Factors orous procedures for monitoring investment restrictions, monitoring of rating transitions, and effective implementation
of various norms prescribed by SEBI from time to time.
The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a bal-
ance between safety, liquidity and profitability aspects of various investments. The fund manager will try to achieve an
optimal risk return balance for management of the fixed income portfolios. The investments in debt instruments carry
Investment Strategy various risks like interest rate risk, liquidity risk, default risk, purchasing power risk etc. While they cannot be done away with,
they can be minimized by diversification and effective use of hedging techniques. The fund management team will take
an active view of the interest rate movement by keeping a close watch on various parameters of the Indian economy,
as well as developments in global markets.
Plans and Options i. Growth Plan i. Direct Plan - Growth Plan
a. Growth Option a. Growth Option
ii. Income Distribution cum Capital Withdrawal (IDCW) ii. Direct Plan - Income Distribution cum capital
Plan withdrawal (IDCW) Plan
a. Daily Reinvestment of Income Distribution cum capital a. Daily Reinvestment of Income Distribution cum capital
withdrawal option withdrawal option
b. Weekly Reinvestment of Income Distribution cum capi- b. Weekly Reinvestment of Income Distribution cum capi-
tal withdrawal option tal withdrawal option
c. Monthly Income Distribution cum capital withdrawal c. Monthly Income Distribution cum capital withdrawal
Plan (Payout option & Reinvestment option) Plan (Payout option & Reinvestment option)
d. Quarterly Income Distribution cum capital withdrawal d. Quarterly Income Distribution cum capital withdrawal
Plan (Payout option & Reinvestment option) Plan (Payout option & Reinvestment option)
Under both payout of IDCW and reinvestment of IDCW options: Monthly & Quarterly. Under only reinvestment of IDCW
IDCW Frequency
option: Daily & Weekly
Minimum Application Amount: Daily IDCW Option - Rs.10,000 & in multiples of Re. 1 thereafter
All Other Options - Rs.500 & in multiples of Re. 1 thereafter
Minimum Application Amount/ Minimum Additional Purchase Amount: Daily IDCW Option - Rs. 10,000 & in multiples of Re. 1 thereafter
Minimum Additional Purchase All Other Options - Rs.500 & in multiples of Re. 1 thereafter
Amount Note – Pursuant to notice cum addendum dated October 30, 2021, for investments made by designated employees in
terms of SEBI circular dated April 28, 2021 and September 20, 2021, requirement for minimum application/ redemption
amount will not be applicable.
Redemptions can be of minimum amount of Rs 100 or any number of units {(except for ‘Redemption by means of Nippon
Minimum Redemption India Any Time Money Card (“The Card”)}. Redemption by means of Nippon India Any Time Money Card (“The Card”) can
be of any amount.
Benchmark CRISIL Money Market Index (upto March 31, 2022), CRISIL Money Market Fund BI Index (w.e.f. April 01, 2022)
Anju Chhajer (Managing the Scheme since Feb 2020)
Fund Manager
Kinjal Desai (Dedicated Fund Manager for Overseas Investments) (Managing the Scheme - Since May 2018)
Performance Please refer Scheme Performance Snapshot
Expenses of the Scheme
(i) Load Structure
Nil
In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the
Scheme to the investor effective August 1, 2009. Pursuant to SEBI circular No. SEBI/HO/IMD/DF2/CIR/P/2019/42 dated March
Entry Load
25, 2019, there shall be no entry load for investments under SIP’s registered before August 01, 2009 with effect from April 15,
2019. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’
assessment of various factors including the service rendered by the distributor.
Nil
Exit Load
If charged, the same shall be credited to the scheme immediately net of goods and services tax, if any.
(ii) Recurring Expenses Please refer to point no. v in common information to all schemes.
Actual expenses
(For the previous financial year
Direct Plan - 0.17% Other than Direct Plan - 0.27%
(2021-2022) Year to date Ratio
to Average AUM)
9
KEY SCHEME FEATURES
Nippon India Ultra Short Duration Fund
NAME OF THE SCHEME
(Number of Segregated Portfolio -1)
An open ended ultra-short term debt scheme investing in debt and money market instruments such that the
Scheme Type
Macaulay duration of the portfolio is between 3 - 6 months. Moderate interest rate risk and moderate Credit Risk.
The investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk and high
Investment objective
liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.
Indicative asset allocation (% of
Risk Profile
Instruments total assets)
Minimum Maximum High/ Medium/ Low
Asset Allocation Pattern
Debt Instruments and Money Market Instruments
(including Tri-party Repo/ Repo (including corporate 0% 100% Low to Medium
bond Repo))
An open ended ultra-short term debt scheme investing in debt and money market instruments with portfolio duration be-
Differentiation tween 165 - 180 days. The fund aims to generate higher gross yield through a portfolio investing across credit categories.
Carry will protect against volatility. This fund is ideal for investors with investment horizon of 3 – 6 months.
Month-end AUM as on
Rs. 3,085.09 Crs
31/03/2022
No of Folios as on 31/03/2022 41,061
Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations,
Risk Mitigation Factors rigorous procedures for monitoring investment restrictions, monitoring of rating transitions, and effective implementation
of various norms prescribed by SEBI from time to time.
The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a bal-
ance between safety, liquidity and profitability aspects of various investments. The fund manager will try to achieve an
optimal risk return balance for management of the fixed income portfolios. The investments in debt instruments carry
Investment Strategy various risks like interest rate risk, liquidity risk, default risk, purchasing power risk etc. While they cannot be done away with,
they can be minimized by diversification and effective use of hedging techniques. The fund management team will take
an active view of the interest rate movement by keeping a close watch on various parameters of the Indian economy, as
well as developments in global markets.
Plans and Options i. Growth Option iii. Direct Plan - Growth Option
ii. Income Distribution cum Capital Withdrawal (IDCW) iv. Direct Plan - Income Distribution cum Capital With-
options drawal (IDCW) options
a. Daily Reinvestment of Income Distribution cum capital a. Daily Reinvestment of Income Distribution cum capital
withdrawal option withdrawal option
b. Weekly Reinvestment of Income Distribution cum b. Weekly Reinvestment of Income Distribution cum
capital withdrawal option capital withdrawal option
c. Monthly Payout of Income Distribution cum capital c. Monthly Payout of Income Distribution cum capital
withdrawal option withdrawal option
d. Monthly Reinvestment of Income Distribution cum d. Monthly Reinvestment of Income Distribution cum
capital withdrawal option capital withdrawal option
e. Quarterly Payout of Income Distribution cum capital e. Quarterly Payout of Income Distribution cum capital
withdrawal option withdrawal option
f. Quarterly Reinvestment of Income Distribution cum f. Quarterly Reinvestment of Income Distribution cum
capital withdrawal option capital withdrawal option
Under both payout of IDCW and reinvestment of IDCW options: Monthly & Quarterly. Under only reinvestment of IDCW op-
IDCW Frequency
tion: Daily & Weekly
Minimum Application Amount: Daily IDCW Option - Rs.10,000 & in multiples of Re. 1 thereafter
Minimum Application Amount Weekly IDCW Option - Rs.5,000 & in multiples of Re. 1 thereafter
All Other Options - Rs.100 & in multiples of Re. 1 thereafter
Minimum Additional Purchase Amount: Daily IDCW Option - Rs. 10,000 & in multiples of Re. 1 thereafter
Weekly IDCW Option - Rs.1,000 & in multiples of Re. 1 thereafter
Minimum Additional All Other Options - Rs.100 & in multiples of Re. 1 thereafter
Purchase Amount Note – Pursuant to notice cum addendum dated October 30, 2021, for investments made by designated employees in
terms of SEBI circular dated April 28, 2021 and September 20, 2021, requirement for minimum application/ redemption
amount will not be applicable.
Redemptions can be of minimum amount of Rs 100 or any number of units {(except for ‘Redemption by means of Nippon
Minimum Redemption India Any Time Money Card (“The Card”)}. Redemption by means of Nippon India Any Time Money Card (“The Card”) can
be of any amount.
Benchmark Nifty Ultra Short Duration Debt Index (upto March 31, 2022), NIFTY Ultra Short Duration Debt Index B-I (w.e.f. April 01, 2022)
Vivek Sharma (Managing the Scheme - Since Oct 2013)
Fund Manager
Kinjal Desai (Dedicated Fund Manager for Overseas Investments) (Managing the Scheme - Since May 2018)
Performance Please refer Scheme Performance Snapshot
Expenses of the Scheme
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