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10 Best Performing Debt Funds by Nippon/Reliance Mutual Fund 2025

Updated on August 6, 2025 , 13471 views

Nippon India Mutual Fund (Formerly Reliance Mutual Fund) offers various types of Debt fund like Liquid Funds, ultra short term funds, short term funds, long term debt funds and also close-ended debt funds in the form of FMPs.

Debt funds are the best way to achieve your short to mid term Financial goals. For instance, short term funds invest money for a shorter duration, usually less than 3 years, whereas Ultra Short Term fund invest in debt instruments having residual maturities of more than 91 days.

Investors can determine their time frame of investment and invest accordingly in debt funds. To bring in Best Debt Funds, we have shortlisted top 4 best performing debt funds by Nippon India Mutual Fund. These funds have been shortlisted by undertaking certain important parameters like past performances, NAV, AUM, etc., of the fund.

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Important Information

From October 2019, Reliance Mutual Fund has been renamed as Nippon India Mutual Fund. Nippon Life has acquired majority (75%) stakes in Reliance Nippon Asset Management (RNAM). The company will continue to run its operations without any change in structure and management.

Why Invest in Nippon India Mutual Funds?

Innovative: The AMC consistently delivers new and innovative schemes to its investors.
Great Customer Care: The company takes great care of its investors. It has a very stable and high-functioning customer support team in place to help the investors.
Seasoned Experience: It has been in the Market for over two decades. It has an experience and expertise in fund management and financial services.
Strong Network: The distribution network of Nippon India Mutual Fund is very strong. It has a presence in over 150 cities in India.

Best Nippon or Reliance Debt Mutual Funds

No Funds available.

1. Nippon India Strategic Debt Fund

(Erstwhile Reliance Classic Bond Fund)

To generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity. The scheme would focus its investments predominantly in corporate bonds of various maturities and across ratings for the purpose of achieving regular income and capital appreciation.

Research Highlights for Nippon India Strategic Debt Fund

Bottom quartile AUM (₹100 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 10.79% (top quartile).
1M return: 0.31% (bottom quartile).
Sharpe: 1.51 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.37% (top quartile).
Modified duration: 3.42 yrs (lower mid).
Average maturity: 4.65 yrs (lower mid).
Exit load: 0-12 Months (1%),12 Months and above(NIL).
Top bond sector: Corporate.
Debt-heavy allocation (~81%).
High-quality debt (AAA/AA ~100%).
Largest holding 7.18% Govt Stock 2037 (~15.2%).

Below is the key information for Nippon India Strategic Debt Fund

Nippon India Strategic Debt Fund Growth
Launch Date	26 Jun 14
NAV (08 Aug 25)	₹15.9123 ↓ 0.00 (-0.01 %)
Net Assets (Cr)	₹100 on 30 Jun 25
Category	Debt - Medium term Bond
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.92
Sharpe Ratio	1.51
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-12 Months (1%),12 Months and above(NIL)
Yield to Maturity	7.37%
Effective Maturity	4 Years 7 Months 24 Days
Modified Duration	3 Years 5 Months 1 Day
Sub Cat.	Medium term Bond

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹11,761
31 Jul 22	₹11,932
31 Jul 23	₹12,740
31 Jul 24	₹13,658
31 Jul 25	₹15,170

Nippon India Strategic Debt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Invest Now

Returns for Nippon India Strategic Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	0.3%
3 Month	3.5%
6 Month	6.6%
1 Year	10.8%
3 Year	8.3%
5 Year	8.7%
Since launch	4.3%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8.3%
2023	7%
2022	2%
2021	17.4%
2020	-23.5%
2019	-3.4%
2018	4.7%
2017	6.9%
2016	11.1%
2015	9%

Fund Manager information for Nippon India Strategic Debt Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	7.19 Yr.
Sushil Budhia	1 Feb 20	5.5 Yr.
Akshay Sharma	1 Dec 22	2.67 Yr.

Data below for Nippon India Strategic Debt Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	18.74%
Debt	80.8%
Other	0.46%

Debt Sector Allocation

Sector	Value
Corporate	47.73%
Government	33.07%
Cash Equivalent	18.74%

Credit Quality

Rating	Value
AA	56.87%
AAA	43.13%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.18% Govt Stock 2037 Sovereign Bonds \| -	15%	₹16 Cr	1,500,000
7.17% State Government Securities Sovereign Bonds \| -	10%	₹10 Cr	1,000,000
6.79% Govt Stock 2034 Sovereign Bonds \| -	5%	₹5 Cr	500,000
Aditya Birla Real Estate Limited Debentures \| -	5%	₹5 Cr	500
TRuhome Finance Limited Debentures \| -	5%	₹5 Cr	500
Godrej Industries Limited Debentures \| -	5%	₹5 Cr	500
Aadhar Housing Finance Limited Debentures \| -	5%	₹5 Cr	500
JSW Steel Limited Debentures \| -	5%	₹5 Cr	50
Delhi International Airport Limited Debentures \| -	4%	₹4 Cr	400
Indostar Capital Finance Limited Debentures \| -	4%	₹4 Cr	400

2. Nippon India Credit Risk Fund

(Erstwhile Reliance Regular Savings Fund - Debt Plan)

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.

Research Highlights for Nippon India Credit Risk Fund

Bottom quartile AUM (₹1,018 Cr).
Established history (20+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderate.
1Y return: 9.66% (top quartile).
1M return: 0.52% (top quartile).
Sharpe: 3.28 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 8.40% (top quartile).
Modified duration: 2.00 yrs (upper mid).
Average maturity: 2.22 yrs (upper mid).
Exit load: 0-12 Months (1%),12 Months and above(NIL).
Higher exposure to Corporate (bond sector) vs peer median.
Debt-heavy allocation (~90%).
High-quality debt (AAA/AA ~75%).
Largest holding 7.02% Govt Stock 2031 (~7.7%).

Below is the key information for Nippon India Credit Risk Fund

Nippon India Credit Risk Fund Growth
Launch Date	8 Jun 05
NAV (08 Aug 25)	₹35.4322 ↑ 0.01 (0.04 %)
Net Assets (Cr)	₹1,018 on 30 Jun 25
Category	Debt - Credit Risk
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderate
Expense Ratio	1.63
Sharpe Ratio	3.28
Information Ratio	0
Alpha Ratio	0
Min Investment	500
Min SIP Investment	100
Exit Load	0-12 Months (1%),12 Months and above(NIL)
Yield to Maturity	8.4%
Effective Maturity	2 Years 2 Months 19 Days
Modified Duration	2 Years
Sub Cat.	Credit Risk

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹11,539
31 Jul 22	₹12,025
31 Jul 23	₹12,916
31 Jul 24	₹13,919
31 Jul 25	₹15,275

Nippon India Credit Risk Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Invest Now

Returns for Nippon India Credit Risk Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	0.5%
3 Month	2.5%
6 Month	5.4%
1 Year	9.7%
3 Year	8.3%
5 Year	8.9%
Since launch	6.5%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8.3%
2023	7.9%
2022	3.9%
2021	13.5%
2020	-5.9%
2019	1.9%
2018	6.1%
2017	7%
2016	10%
2015	8.8%

Fund Manager information for Nippon India Credit Risk Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	7.19 Yr.
Sushil Budhia	1 Feb 20	5.5 Yr.

Data below for Nippon India Credit Risk Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	9.37%
Debt	90.34%
Other	0.29%

Debt Sector Allocation

Sector	Value
Corporate	75.85%
Government	14.49%
Cash Equivalent	9.37%

Credit Quality

Rating	Value
A	24.53%
AA	43.49%
AAA	31.97%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.02% Govt Stock 2031 Sovereign Bonds \| -	8%	₹78 Cr	7,500,000
Renew Solar Energy (Jharkhand Five) Private Limited Debentures \| -	5%	₹48 Cr	5,000
Jubilant Bevco Limited Debentures \| -	4%	₹41 Cr	4,000
TRuhome Finance Limited Debentures \| -	4%	₹41 Cr	4,000
Mancherial Repallewada Road Private Limited Debentures \| -	4%	₹40 Cr	4,500
Prestige Projects Private Limited Debentures \| -	4%	₹40 Cr	4,000
The Sandur Manganese And Iron Ores Limited Debentures \| -	4%	₹39 Cr	4,000
Bamboo Hotel And Global Centre (Delhi) Private Limited Debentures \| -	4%	₹38 Cr	3,800
Delhi International Airport Limited Debentures \| -	4%	₹36 Cr	3,500
Vedanta Limited Debentures \| -	4%	₹35 Cr	3,500

3. Nippon India Prime Debt Fund

(Erstwhile Reliance Medium Term Fund)

The primary investment objective of the Scheme is to generate regular income in order to make regular dividend payments to unit-holders and the secondary objective is growth of capital.

Research Highlights for Nippon India Prime Debt Fund

Upper mid AUM (₹9,542 Cr).
Oldest track record among peers (24 yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately Low.
1Y return: 9.25% (upper mid).
1M return: 0.36% (lower mid).
Sharpe: 1.90 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.93% (upper mid).
Modified duration: 3.63 yrs (bottom quartile).
Average maturity: 4.73 yrs (bottom quartile).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Top bond sector: Corporate.
Debt-heavy allocation (~95%).
High-quality debt (AAA/AA ~100%).
Largest holding 6.79% Govt Stock 2034 (~4.7%).

Below is the key information for Nippon India Prime Debt Fund

Nippon India Prime Debt Fund Growth
Launch Date	14 Sep 00
NAV (08 Aug 25)	₹60.6772 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹9,542 on 30 Jun 25
Category	Debt - Corporate Bond
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.69
Sharpe Ratio	1.9
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	6.93%
Effective Maturity	4 Years 8 Months 23 Days
Modified Duration	3 Years 7 Months 17 Days
Sub Cat.	Corporate Bond

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,644
31 Jul 22	₹11,009
31 Jul 23	₹11,803
31 Jul 24	₹12,700
31 Jul 25	₹13,905

Nippon India Prime Debt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Nippon India Prime Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	0.4%
3 Month	1.9%
6 Month	5%
1 Year	9.3%
3 Year	8.1%
5 Year	6.8%
Since launch	7.5%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8.4%
2023	7.1%
2022	4.3%
2021	4.7%
2020	9.5%
2019	7.8%
2018	6.9%
2017	6.6%
2016	9.1%
2015	8.7%

Fund Manager information for Nippon India Prime Debt Fund

Name	Since	Tenure
Vivek Sharma	1 Feb 20	5.5 Yr.
Kinjal Desai	25 May 18	7.19 Yr.

Data below for Nippon India Prime Debt Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	5.03%
Debt	94.71%
Other	0.26%

Debt Sector Allocation

Sector	Value
Corporate	63.4%
Government	31.31%
Cash Equivalent	5.03%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.79% Govt Stock 2034 Sovereign Bonds \| -	5%	₹468 Cr	45,500,000 ↓ -10,000,000
7.02% Govt Stock 2031 Sovereign Bonds \| -	4%	₹364 Cr	35,000,000 ↑ 15,000,000
7.1% Govt Stock 2034 Sovereign Bonds \| -	2%	₹235 Cr	22,500,000
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹225 Cr	22,000
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹211 Cr	20,500
Small Industries Development Bank Of India Debentures \| -	2%	₹205 Cr	20,000
Aditya Birla Housing Finance Limited Debentures \| -	2%	₹204 Cr	20,000
Small Industries Development Bank Of India Debentures \| -	2%	₹183 Cr	18,000
Jamnagar Utilities & Power Private Limited Debentures \| -	2%	₹180 Cr	17,500
Rec Limited Debentures \| -	2%	₹175 Cr	17,500 ↑ 5,000

4. Nippon India Dynamic Bond Fund

The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risks. This income may be complimented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in debt and money market instruments.

Research Highlights for Nippon India Dynamic Bond Fund

Bottom quartile AUM (₹4,637 Cr).
Established history (20+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 9.17% (upper mid).
1M return: 0.27% (bottom quartile).
Sharpe: 1.67 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.53% (bottom quartile).
Modified duration: 4.06 yrs (bottom quartile).
Average maturity: 4.96 yrs (bottom quartile).
Exit load: 0-12 Months (1%),12 Months and above(NIL).
Higher exposure to Government (bond sector) vs peer median.
Debt-heavy allocation (~97%).
High-quality debt (AAA/AA ~100%).
Largest holding 07.83 MH Sdl 2030 (~6.7%).

Below is the key information for Nippon India Dynamic Bond Fund

Nippon India Dynamic Bond Fund Growth
Launch Date	15 Nov 04
NAV (08 Aug 25)	₹37.7146 ↑ 0.03 (0.08 %)
Net Assets (Cr)	₹4,637 on 30 Jun 25
Category	Debt - Dynamic Bond
AMC	Nippon Life Asset Management Ltd.
Rating	Not Rated
Risk	Moderate
Expense Ratio	0.71
Sharpe Ratio	1.67
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-12 Months (1%),12 Months and above(NIL)
Yield to Maturity	6.53%
Effective Maturity	4 Years 11 Months 16 Days
Modified Duration	4 Years 22 Days
Sub Cat.	Dynamic Bond

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,197
31 Jul 22	₹10,403
31 Jul 23	₹11,196
31 Jul 24	₹12,070
31 Jul 25	₹13,221

Nippon India Dynamic Bond Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Nippon India Dynamic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	0.3%
3 Month	1.3%
6 Month	5.1%
1 Year	9.2%
3 Year	8.3%
5 Year	5.8%
Since launch	6.6%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9%
2023	6.7%
2022	2.4%
2021	2.7%
2020	11.3%
2019	8.4%
2018	4.7%
2017	3.1%
2016	13.9%
2015	5.7%

Fund Manager information for Nippon India Dynamic Bond Fund

Name	Since	Tenure
Vivek Sharma	25 Jun 20	5.1 Yr.
Pranay Sinha	31 Mar 21	4.34 Yr.
Kinjal Desai	25 May 18	7.19 Yr.

Data below for Nippon India Dynamic Bond Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	2.68%
Debt	97.01%
Other	0.31%

Debt Sector Allocation

Sector	Value
Government	97.01%
Cash Equivalent	2.68%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
07.83 MH Sdl 2030 Sovereign Bonds \| -	7%	₹310 Cr	29,400,000
07.78 MH Sgs 2030 Sovereign Bonds \| -	6%	₹255 Cr	24,100,200
07.04 Tn SDL 2030 Sovereign Bonds \| -	5%	₹236 Cr	23,078,300
7.17% Govt Stock 2030 Sovereign Bonds \| -	4%	₹172 Cr	16,500,000
07.70 MH Sgs 2030 Sovereign Bonds \| -	3%	₹142 Cr	13,500,000
07.76 MH Sgs 2030 Sovereign Bonds \| -	3%	₹132 Cr	12,500,000
07.02 Tn SDL 2030 Sovereign Bonds \| -	3%	₹128 Cr	12,500,000
07.86 MH Sdl 2030 Sovereign Bonds \| -	3%	₹116 Cr	11,000,000
7.32% Govt Stock 2030 Sovereign Bonds \| -	3%	₹116 Cr	11,000,000
06.65 GJ Sdl 2030 Sovereign Bonds \| -	2%	₹113 Cr	11,200,000

5. Nippon India Short Term Fund

The primary investment objective of the scheme is to generate stable returns for investors with a short term investment horizon by investing in fixed income securitites of a short term maturity.

Research Highlights for Nippon India Short Term Fund

Upper mid AUM (₹8,330 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 9.01% (upper mid).
1M return: 0.41% (lower mid).
Sharpe: 2.14 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.03% (upper mid).
Modified duration: 2.69 yrs (lower mid).
Average maturity: 3.41 yrs (upper mid).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Debt-heavy allocation (~95%).
High-quality debt (AAA/AA ~100%).
Largest holding 7.32% Govt Stock 2030 (~5.7%).

Below is the key information for Nippon India Short Term Fund

Nippon India Short Term Fund Growth
Launch Date	18 Dec 02
NAV (08 Aug 25)	₹53.3816 ↑ 0.02 (0.04 %)
Net Assets (Cr)	₹8,330 on 30 Jun 25
Category	Debt - Short term Bond
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.96
Sharpe Ratio	2.14
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	7.03%
Effective Maturity	3 Years 4 Months 28 Days
Modified Duration	2 Years 8 Months 8 Days
Sub Cat.	Short term Bond

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,563
31 Jul 22	₹10,846
31 Jul 23	₹11,534
31 Jul 24	₹12,384
31 Jul 25	₹13,518

Nippon India Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Nippon India Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	0.4%
3 Month	2%
6 Month	4.9%
1 Year	9%
3 Year	7.6%
5 Year	6.2%
Since launch	7.7%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8%
2023	6.8%
2022	3.2%
2021	4.4%
2020	9.5%
2019	9.4%
2018	5.5%
2017	5.7%
2016	9.8%
2015	8.1%

Fund Manager information for Nippon India Short Term Fund

Name	Since	Tenure
Vivek Sharma	1 Feb 20	5.5 Yr.
Kinjal Desai	25 May 18	7.19 Yr.
Sushil Budhia	31 Mar 21	4.34 Yr.

Data below for Nippon India Short Term Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	4.98%
Debt	94.74%
Other	0.27%

Debt Sector Allocation

Sector	Value
Corporate	60.76%
Government	35.35%
Cash Equivalent	3.61%

Credit Quality

Rating	Value
AA	11.73%
AAA	88.27%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.32% Govt Stock 2030 Sovereign Bonds \| -	6%	₹506 Cr	48,000,000
7.17% Govt Stock 2030 Sovereign Bonds \| -	5%	₹486 Cr	46,500,000
7.02% Govt Stock 2031 Sovereign Bonds \| -	3%	₹260 Cr	25,000,000
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹225 Cr	22,000
7.17% State Government Securities Sovereign Bonds \| -	2%	₹211 Cr	20,500,000
Aditya Birla Housing Finance Limited Debentures \| -	2%	₹204 Cr	20,000
Bajaj Housing Finance Limited Debentures \| -	2%	₹175 Cr	17,500
Small Industries Development Bank Of India Debentures \| -	2%	₹170 Cr	16,500
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹170 Cr	16,500
Can Fin Homes Limited Debentures \| -	2%	₹168 Cr	16,500

6. Nippon India Floating Rate Fund

(Erstwhile Reliance Floating Rate Fund - Short Term Plan)

The primary objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of Floating Rate Debt Securities (including floating rate securitized debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for floating rate returns). The scheme shall also invest in Fixed rate Debt Securities (including fixed rate Securitized Debt, Money Market Instruments and Floating Rate Debt Instruments swapped for fixed returns).

Research Highlights for Nippon India Floating Rate Fund

Upper mid AUM (₹8,197 Cr).
Established history (20+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately Low.
1Y return: 9.01% (lower mid).
1M return: 0.43% (upper mid).
Sharpe: 2.33 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.91% (upper mid).
Modified duration: 2.55 yrs (upper mid).
Average maturity: 3.47 yrs (lower mid).
Exit load: 0-1 Months (0.5%),1 Months and above(NIL).
Higher exposure to Financial Services vs peer median.
Higher exposure to Corporate (bond sector) vs peer median.
Debt-heavy allocation (~93%).
High-quality debt (AAA/AA ~100%).
Largest holding Small Industries Development Bank Of India (~3.4%).

Below is the key information for Nippon India Floating Rate Fund

Nippon India Floating Rate Fund Growth
Launch Date	27 Aug 04
NAV (08 Aug 25)	₹45.6894 ↑ 0.00 (0.00 %)
Net Assets (Cr)	₹8,197 on 30 Jun 25
Category	Debt - Floating Rate
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.6
Sharpe Ratio	2.33
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Months (0.5%),1 Months and above(NIL)
Yield to Maturity	6.91%
Effective Maturity	3 Years 5 Months 19 Days
Modified Duration	2 Years 6 Months 18 Days
Sub Cat.	Floating Rate

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,561
31 Jul 22	₹10,861
31 Jul 23	₹11,593
31 Jul 24	₹12,475
31 Jul 25	₹13,611

Nippon India Floating Rate Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Nippon India Floating Rate Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	0.4%
3 Month	2.1%
6 Month	4.8%
1 Year	9%
3 Year	7.8%
5 Year	6.4%
Since launch	7.5%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8.2%
2023	7.2%
2022	3.8%
2021	3.7%
2020	11.3%
2019	9%
2018	5.8%
2017	5.9%
2016	9%
2015	8.6%

Fund Manager information for Nippon India Floating Rate Fund

Name	Since	Tenure
Vikash Agarwal	14 Sep 24	0.88 Yr.

Data below for Nippon India Floating Rate Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	6.21%
Debt	93.48%
Other	0.31%

Debt Sector Allocation

Sector	Value
Corporate	66.15%
Government	29.39%
Cash Equivalent	4.15%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Small Industries Development Bank Of India Debentures \| -	3%	₹281 Cr	27,500
Jamnagar Utilities & Power Private Limited Debentures \| -	3%	₹280 Cr	2,800
Indian Railway Finance Corporation Limited Debentures \| -	3%	₹258 Cr	25,000
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹227 Cr	22,000
LIC Housing Finance Ltd Debentures \| -	3%	₹222 Cr	2,100
6.99% Govt Stock 2034 Sovereign Bonds \| -	3%	₹215 Cr	21,000,000
State Bank Of India Debentures \| -	3%	₹214 Cr	2,150
Tata Capital Limited Debentures \| -	3%	₹207 Cr	200
Summit Digitel Infrastructure Limited Debentures \| -	2%	₹204 Cr	20,000
Sundaram Home Finance Limited Debentures \| -	2%	₹189 Cr	1,488

7. Nippon India Banking & PSU Debt Fund

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 is no assurance that the investment objective of the Scheme will be achieved

Research Highlights for Nippon India Banking & PSU Debt Fund

Lower mid AUM (₹5,814 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderately Low.
1Y return: 8.64% (lower mid).
1M return: 0.30% (bottom quartile).
Sharpe: 1.43 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.81% (lower mid).
Modified duration: 3.77 yrs (bottom quartile).
Average maturity: 5.33 yrs (bottom quartile).
Exit load: NIL.
Top bond sector: Corporate.
Debt-heavy allocation (~95%).
High-quality debt (AAA/AA ~100%).
Largest holding National Bank For Agriculture And Rural Development (~3.2%).

Below is the key information for Nippon India Banking & PSU Debt Fund

Nippon India Banking & PSU Debt Fund Growth
Launch Date	15 May 15
NAV (08 Aug 25)	₹20.9661 ↑ 0.00 (0.01 %)
Net Assets (Cr)	₹5,814 on 30 Jun 25
Category	Debt - Banking & PSU Debt
AMC	Nippon Life Asset Management Ltd.
Rating	Not Rated
Risk	Moderately Low
Expense Ratio	0.75
Sharpe Ratio	1.43
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	6.81%
Effective Maturity	5 Years 3 Months 29 Days
Modified Duration	3 Years 9 Months 7 Days
Sub Cat.	Banking & PSU Debt

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,487
31 Jul 22	₹10,756
31 Jul 23	₹11,461
31 Jul 24	₹12,286
31 Jul 25	₹13,374

Nippon India Banking & PSU Debt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Nippon India Banking & PSU Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	0.3%
3 Month	1.8%
6 Month	4.8%
1 Year	8.6%
3 Year	7.5%
5 Year	6%
Since launch	7.5%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.9%
2023	6.8%
2022	3.2%
2021	3.9%
2020	10.9%
2019	10.5%
2018	6.4%
2017	6%
2016	10.2%
2015

Fund Manager information for Nippon India Banking & PSU Debt Fund

Name	Since	Tenure
Vivek Sharma	25 Jun 20	5.1 Yr.
Pranay Sinha	31 Mar 21	4.34 Yr.
Kinjal Desai	25 May 18	7.19 Yr.

Data below for Nippon India Banking & PSU Debt Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	4.24%
Debt	95.47%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	56.45%
Government	39.02%
Cash Equivalent	4.24%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹180 Cr	17,500
National Housing Bank Debentures \| -	3%	₹179 Cr	17,500
7.02% Govt Stock 2031 Sovereign Bonds \| -	3%	₹151 Cr	14,500,000 ↑ 2,500,000
Small Industries Development Bank Of India Debentures \| -	2%	₹133 Cr	13,000
Rural Electrification Corporation Limited Debentures \| -	2%	₹129 Cr	12,500
Small Industries Development Bank Of India Debentures \| -	2%	₹127 Cr	12,500
Indian Railway Finance Corporation Limited Debentures \| -	2%	₹124 Cr	12,000
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹118 Cr	11,500
Sbi General Insurance Company Limited Debentures \| -	2%	₹112 Cr	11,000
Power Grid Corporation Of India Limited Debentures \| -	2%	₹103 Cr	12,500

8. Nippon India Money Market Fund

(Erstwhile Reliance Liquidity Fund)

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

Research Highlights for Nippon India Money Market Fund

Highest AUM (₹20,191 Cr).
Established history (20+ yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 8.01% (bottom quartile).
1M return: 0.47% (upper mid).
Sharpe: 3.17 (top quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.35% (bottom quartile).
Modified duration: 0.59 yrs (top quartile).
Average maturity: 0.62 yrs (top quartile).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~81%).
High-quality debt (AAA/AA ~100%).
Largest holding Punjab National Bank (~2.1%).

Below is the key information for Nippon India Money Market Fund

Nippon India Money Market Fund Growth
Launch Date	16 Jun 05
NAV (08 Aug 25)	₹4,189.99 ↑ 0.50 (0.01 %)
Net Assets (Cr)	₹20,191 on 30 Jun 25
Category	Debt - Money Market
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Low
Expense Ratio	0.37
Sharpe Ratio	3.17
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	6.35%
Effective Maturity	7 Months 15 Days
Modified Duration	7 Months 2 Days
Sub Cat.	Money Market

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,400
31 Jul 22	₹10,808
31 Jul 23	₹11,570
31 Jul 24	₹12,446
31 Jul 25	₹13,447

Nippon India Money Market Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Nippon India Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	0.5%
3 Month	1.9%
6 Month	4.2%
1 Year	8%
3 Year	7.5%
5 Year	6.1%
Since launch	7.4%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.8%
2023	7.4%
2022	5%
2021	3.8%
2020	6%
2019	8.1%
2018	7.9%
2017	6.6%
2016	7.6%
2015	8.3%

Fund Manager information for Nippon India Money Market Fund

Name	Since	Tenure
Kinjal Desai	16 Jul 18	7.05 Yr.
Vikash Agarwal	14 Sep 24	0.88 Yr.

Data below for Nippon India Money Market Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	81.18%
Debt	18.57%
Other	0.24%

Debt Sector Allocation

Sector	Value
Corporate	43.52%
Cash Equivalent	36.23%
Government	20.01%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Punjab National Bank Domestic Bonds \| -	2%	₹494 Cr	10,000 ↑ 10,000
Indian Bank Domestic Bonds \| -	2%	₹494 Cr	10,000 ↑ 10,000
Axis Bank Ltd. Debentures \| -	2%	₹475 Cr	10,000 ↑ 10,000
364 DTB 27022026 Sovereign Bonds \| -	1%	₹242 Cr	25,000,000
364 Days Tbill (Md 05/03/2026) Sovereign Bonds \| -	1%	₹242 Cr	25,000,000
Uttarakhand (Government of) 7.36% - \| -	1%	₹230 Cr	22,783,400
Indian Bank Domestic Bonds \| -	1%	₹216 Cr	4,500
Axis Bank Ltd. Debentures \| -	1%	₹189 Cr	4,000
364 Days Tbill Red 12-03-2026 Sovereign Bonds \| -	1%	₹169 Cr	17,500,000
0% Goi - 16dec25 Strips Sovereign Bonds \| -	1%	₹158 Cr	16,169,400 ↑ 16,169,400

9. Nippon India Low Duration Fund

(Erstwhile Reliance Money Manager Fund)

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.

Research Highlights for Nippon India Low Duration Fund

Lower mid AUM (₹7,994 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 7.87% (bottom quartile).
1M return: 0.45% (upper mid).
Sharpe: 2.70 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.84% (lower mid).
Modified duration: 0.89 yrs (upper mid).
Average maturity: 1.20 yrs (upper mid).
Exit load: NIL.
Top sector: Financial Services.
Higher exposure to Corporate (bond sector) vs peer median.
Debt-heavy allocation (~68%).
High-quality debt (AAA/AA ~100%).
Largest holding India (Republic of) (~4.5%).

Below is the key information for Nippon India Low Duration Fund

Nippon India Low Duration Fund Growth
Launch Date	20 Mar 07
NAV (08 Aug 25)	₹3,776.4 ↑ 0.38 (0.01 %)
Net Assets (Cr)	₹7,994 on 30 Jun 25
Category	Debt - Low Duration
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.94
Sharpe Ratio	2.7
Information Ratio	0
Alpha Ratio	0
Min Investment	500
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	6.84%
Effective Maturity	1 Year 2 Months 13 Days
Modified Duration	10 Months 20 Days
Sub Cat.	Low Duration

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,512
31 Jul 22	₹10,867
31 Jul 23	₹11,556
31 Jul 24	₹12,362
31 Jul 25	₹13,340

Nippon India Low Duration Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Nippon India Low Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	0.4%
3 Month	1.9%
6 Month	4.1%
1 Year	7.9%
3 Year	7.1%
5 Year	5.9%
Since launch	7.5%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	6.7%
2022	4.2%
2021	4.1%
2020	7.3%
2019	7%
2018	7.4%
2017	6.6%
2016	8.5%
2015	8.4%

Fund Manager information for Nippon India Low Duration Fund

Name	Since	Tenure
Vivek Sharma	1 Feb 20	5.5 Yr.
Kinjal Desai	25 May 18	7.19 Yr.

Data below for Nippon India Low Duration Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	31.27%
Debt	68.44%
Other	0.29%

Debt Sector Allocation

Sector	Value
Corporate	67.67%
Government	21.41%
Cash Equivalent	10.63%

Credit Quality

Rating	Value
AA	14.32%
AAA	85.68%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	5%	₹387 Cr	39,000,000 ↓ -1,000,000
Telangana State Industrial Infrastructure Corporation Limited Debentures \| -	2%	₹202 Cr	20,000
Highways Infrastructure Trust Debentures \| -	2%	₹171 Cr	1,750
Interise TRust Debentures \| -	2%	₹171 Cr	18,000
Aditya Birla Housing Finance Ltd. 7.11% Debentures \| -	2%	₹170 Cr	17,000 ↑ 17,000
Small Industries Development Bank Of India Debentures \| -	2%	₹153 Cr	15,000
Rec Limited Debentures \| -	2%	₹152 Cr	15,000
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹147 Cr	14,500
NAOMI 05 2024 Unlisted bonds \| -	2%	₹145 Cr	10,000
VAJRA 016 TRUST Unlisted bonds \| -	2%	₹144 Cr	100

10. Nippon India Ultra Short Duration Fund

(Erstwhile Reliance Liquid Fund - Cash Plan)

Research Highlights for Nippon India Ultra Short Duration Fund

Top quartile AUM (₹9,543 Cr).
Established history (23+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 7.29% (bottom quartile).
1M return: 0.47% (top quartile).
Sharpe: 2.26 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.71% (bottom quartile).
Modified duration: 0.45 yrs (top quartile).
Average maturity: 0.66 yrs (top quartile).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~47%).
High-quality debt (AAA/AA ~100%).
Largest holding Bank of India Ltd. (~5.0%).

Below is the key information for Nippon India Ultra Short Duration Fund

Nippon India Ultra Short Duration Fund Growth
Launch Date	7 Dec 01
NAV (08 Aug 25)	₹4,058.29 ↑ 0.53 (0.01 %)
Net Assets (Cr)	₹9,543 on 30 Jun 25
Category	Debt - Ultrashort Bond
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Low
Expense Ratio	1.14
Sharpe Ratio	2.26
Information Ratio	0
Alpha Ratio	0
Min Investment	100
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	6.71%
Effective Maturity	7 Months 29 Days
Modified Duration	5 Months 14 Days
Sub Cat.	Ultrashort Bond

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,943
31 Jul 22	₹11,358
31 Jul 23	₹12,082
31 Jul 24	₹12,928
31 Jul 25	₹13,871

Nippon India Ultra Short Duration Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Nippon India Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	0.5%
3 Month	1.7%
6 Month	3.7%
1 Year	7.3%
3 Year	6.9%
5 Year	6.8%
Since launch	6.1%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.2%
2023	6.7%
2022	4.6%
2021	7.8%
2020	4.9%
2019	0.9%
2018	7.3%
2017	5.8%
2016	6.8%
2015	7.6%

Fund Manager information for Nippon India Ultra Short Duration Fund

Name	Since	Tenure
Vivek Sharma	1 Oct 13	11.84 Yr.
Kinjal Desai	25 May 18	7.19 Yr.
Akshay Sharma	1 Dec 22	2.67 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	46.67%
Debt	53.05%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	60.71%
Cash Equivalent	27.11%
Government	11.9%

Credit Quality

Rating	Value
AA	15.55%
AAA	84.45%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bank of India Ltd. Debentures \| -	5%	₹495 Cr	10,000
National Bank For Agriculture And Rural Development Debentures \| -	5%	₹453 Cr	45,000
Power Finance Corporation Limited Debentures \| -	4%	₹353 Cr	35,000 ↑ 17,500
182 Days Tbill Sovereign Bonds \| -	3%	₹248 Cr	25,000,000
Vedanta Limited Debentures \| -	2%	₹242 Cr	24,000
LIQUID GOLD SERIES 10 Unlisted bonds \| -	2%	₹206 Cr	82
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹202 Cr	20,000
Small Industries Development Bank Of India Debentures \| -	2%	₹201 Cr	2,000
182 Days Tbill Sovereign Bonds \| -	2%	₹198 Cr	20,000,000
Piramal Finance Limited Debentures \| -	2%	₹195 Cr	19,500 ↑ 9,500

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.