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

Updated on April 16, 2025 , 13282 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 Gilt Securities Fund

The primary investment objective of the scheme is to generate optimal credit risk-free returns by investing in a portfolio of securities issued and guaranteed by the Central Government and State Government.

Nippon India Gilt Securities Fund is a Debt - Government Bond fund was launched on 22 Aug 08. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.4% since its launch. Ranked 2 in Government Bond category. Return for 2024 was 8.9% , 2023 was 6.7% and 2022 was 2.1% .

Below is the key information for Nippon India Gilt Securities Fund

Nippon India Gilt Securities Fund Growth
Launch Date	22 Aug 08
NAV (17 Apr 25)	₹38.2126 ↑ 0.03 (0.08 %)
Net Assets (Cr)	₹2,126 on 28 Feb 25
Category	Debt - Government Bond
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.42
Sharpe Ratio	0
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-15 Days (0.25%),15 Days and above(NIL)
Yield to Maturity	7.1%
Effective Maturity	20 Years 10 Months 24 Days
Modified Duration	9 Years 3 Months 22 Days
Sub Cat.	Government Bond

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,571
31 Mar 22	₹10,923
31 Mar 23	₹11,331
31 Mar 24	₹12,245
31 Mar 25	₹13,321

Nippon India Gilt Securities 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 Gilt Securities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 25

Duration	Returns
1 Month	2.6%
3 Month	4.2%
6 Month	4.7%
1 Year	11%
3 Year	7.6%
5 Year	6.1%
Since launch	8.4%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2023	8.9%
2022	6.7%
2021	2.1%
2020	1.8%
2019	11.2%
2018	12.4%
2017	8%
2016	3.4%
2015	17%
2014	6.2%

Fund Manager information for Nippon India Gilt Securities Fund

Name	Since	Tenure
Pranay Sinha	31 Mar 21	4 Yr.
Kinjal Desai	31 Oct 21	3.42 Yr.

Data below for Nippon India Gilt Securities Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	3.35%
Debt	96.65%

Debt Sector Allocation

Sector	Value
Government	96.65%
Cash Equivalent	3.35%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.1% Govt Stock 2034 Sovereign Bonds \| -	15%	₹312 Cr	30,500,000 ↓ -5,000,000
7.34% Govt Stock 2064 Sovereign Bonds \| -	14%	₹306 Cr	29,500,000
7.09% Govt Stock 2054 Sovereign Bonds \| -	12%	₹252 Cr	25,000,000 ↑ 2,500,000
7.3% Govt Stock 2053 Sovereign Bonds \| -	10%	₹212 Cr	20,500,000
7.18% Govt Stock 2037 Sovereign Bonds \| -	8%	₹174 Cr	16,965,200
6.92% Govt Stock 2039 Sovereign Bonds \| -	7%	₹146 Cr	14,500,000 ↑ 10,000,000
7.25% Govt Stock 2063 Sovereign Bonds \| -	7%	₹143 Cr	14,000,000
6.8% Govt Stock 2060 Sovereign Bonds \| -	3%	₹58 Cr	6,000,000
6.79% Government Of India (07/10/2034) Sovereign Bonds \| -	2%	₹50 Cr	5,000,000 ↓ -13,500,000
7.18% Govt Stock 2033 Sovereign Bonds \| -	2%	₹46 Cr	4,500,000 ↓ -9,000,000

2. 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.

Nippon India Dynamic Bond Fund is a Debt - Dynamic Bond fund was launched on 15 Nov 04. It is a fund with Moderate risk and has given a CAGR/Annualized return of 6.6% since its launch. Return for 2024 was 9% , 2023 was 6.7% and 2022 was 2.4% .

Below is the key information for Nippon India Dynamic Bond Fund

Nippon India Dynamic Bond Fund Growth
Launch Date	15 Nov 04
NAV (17 Apr 25)	₹37.0437 ↑ 0.10 (0.28 %)
Net Assets (Cr)	₹4,312 on 28 Feb 25
Category	Debt - Dynamic Bond
AMC	Nippon Life Asset Management Ltd.
Rating	Not Rated
Risk	Moderate
Expense Ratio	0.71
Sharpe Ratio	1.08
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	7.11%
Effective Maturity	5 Years 3 Months 14 Days
Modified Duration	4 Years 3 Months 4 Days
Sub Cat.	Dynamic Bond

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,733
31 Mar 22	₹11,177
31 Mar 23	₹11,565
31 Mar 24	₹12,484
31 Mar 25	₹13,584

Nippon India Dynamic Bond 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 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 17 Apr 25

Duration	Returns
1 Month	2.6%
3 Month	3.8%
6 Month	5.3%
1 Year	10.9%
3 Year	7.8%
5 Year	6.4%
Since launch	6.6%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2023	9%
2022	6.7%
2021	2.4%
2020	2.7%
2019	11.3%
2018	8.4%
2017	4.7%
2016	3.1%
2015	13.9%
2014	5.7%

Fund Manager information for Nippon India Dynamic Bond Fund

Name	Since	Tenure
Vivek Sharma	25 Jun 20	4.77 Yr.
Pranay Sinha	31 Mar 21	4.01 Yr.
Kinjal Desai	25 May 18	6.86 Yr.

Data below for Nippon India Dynamic Bond Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	3.02%
Debt	96.69%
Other	0.29%

Debt Sector Allocation

Sector	Value
Government	96.69%
Cash Equivalent	3.02%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
07.83 MH Sdl 2030 Sovereign Bonds \| -	7%	₹303 Cr	29,400,000
07.78 MH Sgs 2030 Sovereign Bonds \| -	6%	₹249 Cr	24,100,200
07.04 Tn SDL 2030 Sovereign Bonds \| -	5%	₹231 Cr	23,078,300
7.17% Govt Stock 2030 Sovereign Bonds \| -	3%	₹143 Cr	14,000,000
07.70 MH Sgs 2030 Sovereign Bonds \| -	3%	₹139 Cr	13,500,000
07.76 MH Sgs 2030 Sovereign Bonds \| -	3%	₹129 Cr	12,500,000
07.02 Tn SDL 2030 Sovereign Bonds \| -	3%	₹125 Cr	12,500,000
07.86 MH Sdl 2030 Sovereign Bonds \| -	3%	₹114 Cr	11,000,000
7.32% Govt Stock 2030 Sovereign Bonds \| -	3%	₹113 Cr	11,000,000
06.65 GJ Sdl 2030 Sovereign Bonds \| -	3%	₹110 Cr	11,200,000

3. Nippon India Income Fund

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.

Nippon India Income Fund is a Debt - Medium to Long term fund was launched on 1 Jan 98. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.4% since its launch. Ranked 28 in Medium to Long term category. Return for 2024 was 8.1% , 2023 was 6.8% and 2022 was 3.3% .

Below is the key information for Nippon India Income Fund

Nippon India Income Fund Growth
Launch Date	1 Jan 98
NAV (17 Apr 25)	₹89.3456 ↑ 0.05 (0.05 %)
Net Assets (Cr)	₹411 on 28 Feb 25
Category	Debt - Medium to Long term
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderate
Expense Ratio	1.43
Sharpe Ratio	-0.03
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-15 Days (0.25%),15 Days and above(NIL)
Yield to Maturity	7.13%
Effective Maturity	11 Years 10 Months 13 Days
Modified Duration	6 Years 5 Months 23 Days
Sub Cat.	Medium to Long term

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,541
31 Mar 22	₹10,831
31 Mar 23	₹11,363
31 Mar 24	₹12,246
31 Mar 25	₹13,263

Nippon India Income 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 Income Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 25

Duration	Returns
1 Month	2.2%
3 Month	3.5%
6 Month	4.4%
1 Year	10%
3 Year	7.5%
5 Year	5.9%
Since launch	8.4%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2023	8.1%
2022	6.8%
2021	3.3%
2020	1.2%
2019	10.5%
2018	11.4%
2017	6.1%
2016	2.4%
2015	13.8%
2014	5.1%

Fund Manager information for Nippon India Income Fund

Name	Since	Tenure
Vivek Sharma	1 Feb 20	5.16 Yr.
Kinjal Desai	25 May 18	6.85 Yr.

Data below for Nippon India Income Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	14.95%
Debt	84.8%
Other	0.26%

Debt Sector Allocation

Sector	Value
Government	66.88%
Corporate	17.92%
Cash Equivalent	14.95%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.09% Govt Stock 2054 Sovereign Bonds \| -	22%	₹91 Cr	9,000,000 ↑ 4,000,000
7.3% Govt Stock 2053 Sovereign Bonds \| -	20%	₹83 Cr	8,000,000 ↑ 3,500,000
7.12% State Government Of Maharashtra 2036 Sovereign Bonds \| -	12%	₹50 Cr	5,000,000 ↑ 5,000,000
7.1% Govt Stock 2029 Sovereign Bonds \| -	6%	₹25 Cr	2,500,000
Small Industries Development Bank Of India Debentures \| -	6%	₹25 Cr	2,500
National Bank For Agriculture And Rural Development Debentures \| -	6%	₹25 Cr	2,500
Tata Capital Limited Debentures \| -	6%	₹25 Cr	25
LIC Housing Finance Ltd Debentures \| -	2%	₹10 Cr	100
Power Finance Corporation Limited Debentures \| -	2%	₹10 Cr	100
Indian Railway Finance Corporation Limited Debentures \| -	1%	₹5 Cr	50

4. 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.

Nippon India Prime Debt Fund is a Debt - Corporate Bond fund was launched on 14 Sep 00. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.5% since its launch. Ranked 20 in Corporate Bond category. Return for 2024 was 8.4% , 2023 was 7.1% and 2022 was 4.3% .

Below is the key information for Nippon India Prime Debt Fund

Nippon India Prime Debt Fund Growth
Launch Date	14 Sep 00
NAV (17 Apr 25)	₹59.3711 ↑ 0.10 (0.16 %)
Net Assets (Cr)	₹6,498 on 28 Feb 25
Category	Debt - Corporate Bond
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.69
Sharpe Ratio	1.2
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	7.44%
Effective Maturity	5 Years 2 Months 26 Days
Modified Duration	3 Years 10 Months 6 Days
Sub Cat.	Corporate Bond

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,760
31 Mar 22	₹11,326
31 Mar 23	₹11,869
31 Mar 24	₹12,800
31 Mar 25	₹13,900

Nippon India Prime Debt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125 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 17 Apr 25

Duration	Returns
1 Month	2.3%
3 Month	3.4%
6 Month	4.9%
1 Year	10%
3 Year	7.7%
5 Year	7%
Since launch	7.5%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2023	8.4%
2022	7.1%
2021	4.3%
2020	4.7%
2019	9.5%
2018	7.8%
2017	6.9%
2016	6.6%
2015	9.1%
2014	8.7%

Fund Manager information for Nippon India Prime Debt Fund

Name	Since	Tenure
Vivek Sharma	1 Feb 20	5.16 Yr.
Kinjal Desai	25 May 18	6.86 Yr.

Data below for Nippon India Prime Debt Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	3.69%
Debt	96.03%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	60.73%
Government	35.3%
Cash Equivalent	3.69%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.1% Govt Stock 2034 Sovereign Bonds \| -	12%	₹721 Cr	70,500,000
INDIA UNIVERSAL TRUST AL2 Unlisted bonds \| -	2%	₹148 Cr	150
INDIA UNIVERSAL TRUST AL1 Unlisted bonds \| -	2%	₹146 Cr	150
6.79% Government Of India (07/10/2034) Sovereign Bonds \| -	2%	₹146 Cr	14,500,000 ↓ -10,000,000
7.18% Govt Stock 2037 Sovereign Bonds \| -	2%	₹139 Cr	13,500,000
LIC Housing Finance Limited Debentures \| -	2%	₹135 Cr	13,500
Mahindra & Mahindra Financial Services Ltd Debentures \| -	2%	₹129 Cr	13,000
Small Industries Development Bank Of India Debentures \| -	2%	₹129 Cr	13,000
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹128 Cr	12,800
Rec Limited 7.34% Debentures \| -	2%	₹124 Cr	12,500 ↑ 12,500

5. 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.

Nippon India Strategic Debt Fund is a Debt - Medium term Bond fund was launched on 26 Jun 14. It is a fund with Moderate risk and has given a CAGR/Annualized return of 4% since its launch. Ranked 7 in Medium term Bond category. Return for 2024 was 8.3% , 2023 was 7% and 2022 was 2% .

Below is the key information for Nippon India Strategic Debt Fund

Nippon India Strategic Debt Fund Growth
Launch Date	26 Jun 14
NAV (17 Apr 25)	₹15.3131 ↑ 0.01 (0.07 %)
Net Assets (Cr)	₹103 on 28 Feb 25
Category	Debt - Medium term Bond
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.92
Sharpe Ratio	1.48
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	8.03%
Effective Maturity	4 Years 9 Months 29 Days
Modified Duration	3 Years 5 Months 5 Days
Sub Cat.	Medium term Bond

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,148
31 Mar 22	₹11,959
31 Mar 23	₹12,390
31 Mar 24	₹13,244
31 Mar 25	₹14,379

Nippon India Strategic Debt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125 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 17 Apr 25

Duration	Returns
1 Month	1.9%
3 Month	3.2%
6 Month	4.8%
1 Year	9.7%
3 Year	6.9%
5 Year	7.8%
Since launch	4%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2023	8.3%
2022	7%
2021	2%
2020	17.4%
2019	-23.5%
2018	-3.4%
2017	4.7%
2016	6.9%
2015	11.1%
2014	9%

Fund Manager information for Nippon India Strategic Debt Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	6.86 Yr.
Sushil Budhia	1 Feb 20	5.17 Yr.
Akshay Sharma	1 Dec 22	2.33 Yr.

Data below for Nippon India Strategic Debt Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	15.36%
Debt	84.19%
Other	0.45%

Debt Sector Allocation

Sector	Value
Corporate	51.94%
Government	32.25%
Cash Equivalent	15.36%

Credit Quality

Rating	Value
AA	62.54%
AAA	37.46%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.18% Govt Stock 2037 Sovereign Bonds \| -	25%	₹26 Cr	2,500,000
Truhome Finance Ltd. 9.25% 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
Manappuram Finance Limited Debentures \| -	5%	₹5 Cr	500
Century Textiles And Industries Limited Debentures \| -	5%	₹5 Cr	500
Delhi International Airport Limited Debentures \| -	4%	₹4 Cr	400
Indostar Capital Finance Limited Debentures \| -	4%	₹4 Cr	400
5.63% Govt Stock 2026 Sovereign Bonds \| -	3%	₹3 Cr	351,700

6. 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

Nippon India Banking & PSU Debt Fund is a Debt - Banking & PSU Debt fund was launched on 15 May 15. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.5% since its launch. Return for 2024 was 7.9% , 2023 was 6.8% and 2022 was 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 (17 Apr 25)	₹20.5525 ↑ 0.03 (0.14 %)
Net Assets (Cr)	₹5,708 on 28 Feb 25
Category	Debt - Banking & PSU Debt
AMC	Nippon Life Asset Management Ltd.
Rating	Not Rated
Risk	Moderately Low
Expense Ratio	0.75
Sharpe Ratio	0.4
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	7.37%
Effective Maturity	5 Years 3 Months 7 Days
Modified Duration	3 Years 9 Months 25 Days
Sub Cat.	Banking & PSU Debt

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,832
31 Mar 22	₹11,330
31 Mar 23	₹11,764
31 Mar 24	₹12,628
31 Mar 25	₹13,650

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 17 Apr 25

Duration	Returns
1 Month	2.3%
3 Month	3.3%
6 Month	4.7%
1 Year	9.4%
3 Year	7%
5 Year	6.6%
Since launch	7.5%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2023	7.9%
2022	6.8%
2021	3.2%
2020	3.9%
2019	10.9%
2018	10.5%
2017	6.4%
2016	6%
2015	10.2%
2014

Fund Manager information for Nippon India Banking & PSU Debt Fund

Name	Since	Tenure
Vivek Sharma	25 Jun 20	4.77 Yr.
Pranay Sinha	31 Mar 21	4.01 Yr.
Kinjal Desai	25 May 18	6.86 Yr.

Data below for Nippon India Banking & PSU Debt Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	7.53%
Debt	92.19%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	50.6%
Government	42.42%
Cash Equivalent	6.7%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.1% Govt Stock 2034 Sovereign Bonds \| -	7%	₹414 Cr	40,432,400
National Bank For Agriculture And Rural Development Debentures \| -	4%	₹220 Cr	22,000
6.79% Government Of India (07/10/2034) Sovereign Bonds \| -	4%	₹201 Cr	20,000,000 ↓ -6,500,000
National Housing Bank Debentures \| -	3%	₹176 Cr	17,500
Rural Electrification Corporation Limited Debentures \| -	2%	₹126 Cr	12,500
Indian Railway Finance Corporation Limited Debentures \| -	2%	₹121 Cr	12,000
Small Industries Development Bank Of India Debentures \| -	2%	₹119 Cr	12,000
7.23% Government Of India (15/04/2039) Sovereign Bonds \| -	2%	₹114 Cr	11,000,000
SBI General Insurance Company Limited Debentures \| -	2%	₹111 Cr	11,000
Small Industries Development Bank Of India Debentures \| -	2%	₹105 Cr	10,500

7. 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.

Nippon India Short Term Fund is a Debt - Short term Bond fund was launched on 18 Dec 02. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.7% since its launch. Ranked 17 in Short term Bond category. Return for 2024 was 8% , 2023 was 6.8% and 2022 was 3.2% .

Below is the key information for Nippon India Short Term Fund

Nippon India Short Term Fund Growth
Launch Date	18 Dec 02
NAV (17 Apr 25)	₹52.1457 ↑ 0.07 (0.14 %)
Net Assets (Cr)	₹6,340 on 28 Feb 25
Category	Debt - Short term Bond
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.96
Sharpe Ratio	1.33
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	7.65%
Effective Maturity	3 Years 7 Months 13 Days
Modified Duration	2 Years 9 Months
Sub Cat.	Short term Bond

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,799
31 Mar 22	₹11,329
31 Mar 23	₹11,745
31 Mar 24	₹12,614
31 Mar 25	₹13,655

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 17 Apr 25

Duration	Returns
1 Month	1.9%
3 Month	3.1%
6 Month	4.7%
1 Year	9.3%
3 Year	7%
5 Year	6.6%
Since launch	7.7%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2023	8%
2022	6.8%
2021	3.2%
2020	4.4%
2019	9.5%
2018	9.4%
2017	5.5%
2016	5.7%
2015	9.8%
2014	8.1%

Fund Manager information for Nippon India Short Term Fund

Name	Since	Tenure
Vivek Sharma	1 Feb 20	5.16 Yr.
Kinjal Desai	25 May 18	6.85 Yr.
Sushil Budhia	31 Mar 21	4 Yr.

Data below for Nippon India Short Term Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	9.82%
Debt	89.86%
Other	0.32%

Debt Sector Allocation

Sector	Value
Corporate	50.63%
Government	39.31%
Cash Equivalent	9.74%

Credit Quality

Rating	Value
AA	12.76%
AAA	87.24%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.32% Govt Stock 2030 Sovereign Bonds \| -	9%	₹546 Cr	53,000,000
7.17% Govt Stock 2030 Sovereign Bonds \| -	7%	₹475 Cr	46,500,000 ↓ -8,000,000
7.02% Govt Stock 2031 Sovereign Bonds \| -	4%	₹254 Cr	25,000,000 ↑ 12,500,000
7.1% Govt Stock 2029 Sovereign Bonds \| -	3%	₹214 Cr	21,000,000 ↓ -15,000,000
Small Industries Development Bank Of India Debentures \| -	3%	₹167 Cr	16,500
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹166 Cr	16,500
07.27 MH Sdl 2030 Sovereign Bonds \| -	2%	₹154 Cr	15,312,900
Rural Electrification Corporation Limited Debentures \| -	2%	₹150 Cr	15,000
LIC Housing Finance Limited Debentures \| -	2%	₹150 Cr	15,000
Small Industries Development Bank Of India Debentures \| -	2%	₹125 Cr	12,500 ↑ 2,500

8. 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.

Nippon India Credit Risk Fund is a Debt - Credit Risk fund was launched on 8 Jun 05. It is a fund with Moderate risk and has given a CAGR/Annualized return of 6.4% since its launch. Ranked 21 in Credit Risk category. Return for 2024 was 8.3% , 2023 was 7.9% and 2022 was 3.9% .

Below is the key information for Nippon India Credit Risk Fund

Nippon India Credit Risk Fund Growth
Launch Date	8 Jun 05
NAV (17 Apr 25)	₹34.4135 ↑ 0.03 (0.08 %)
Net Assets (Cr)	₹989 on 28 Feb 25
Category	Debt - Credit Risk
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderate
Expense Ratio	1.63
Sharpe Ratio	3.82
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	9.01%
Effective Maturity	2 Years 4 Months 10 Days
Modified Duration	2 Years 4 Days
Sub Cat.	Credit Risk

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,766
31 Mar 22	₹12,138
31 Mar 23	₹12,711
31 Mar 24	₹13,736
31 Mar 25	₹14,913

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 17 Apr 25

Duration	Returns
1 Month	1.6%
3 Month	2.9%
6 Month	4.7%
1 Year	9.3%
3 Year	7.5%
5 Year	8.4%
Since launch	6.4%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2023	8.3%
2022	7.9%
2021	3.9%
2020	13.5%
2019	-5.9%
2018	1.9%
2017	6.1%
2016	7%
2015	10%
2014	8.8%

Fund Manager information for Nippon India Credit Risk Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	6.86 Yr.
Sushil Budhia	1 Feb 20	5.17 Yr.

Data below for Nippon India Credit Risk Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	6.68%
Debt	93.03%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	75.64%
Government	17.39%
Cash Equivalent	6.68%

Credit Quality

Rating	Value
A	21.93%
AA	48.81%
AAA	29.26%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Summit Digitel Infrastructure Limited Debentures \| -	6%	₹59 Cr	600
7.02% Govt Stock 2031 Sovereign Bonds \| -	5%	₹51 Cr	5,000,000 ↑ 5,000,000
Renew Solar Energy (Jharkhand Five) Private Limited Debentures \| -	5%	₹49 Cr	5,000
7.32% Govt Stock 2030 Sovereign Bonds \| -	5%	₹46 Cr	4,500,000
Century Textiles And Industries Limited Debentures \| -	5%	₹45 Cr	4,500
Truhome Finance Ltd. 9.25% Debentures \| -	4%	₹41 Cr	4,000
Prestige Projects Private Limited 11.75% Debentures \| -	4%	₹40 Cr	4,000
Sandur Manganese And Iron Ores Limited (The) 11% Debentures \| -	4%	₹39 Cr	4,000
Bamboo Hotel And Global Centre (Delhi) Private Limited Debentures \| -	4%	₹38 Cr	3,800
Piramal Capital & Housing Finance Limited Debentures \| -	4%	₹37 Cr	485,063

9. 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).

Nippon India Floating Rate Fund is a Debt - Floating Rate fund was launched on 27 Aug 04. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.5% since its launch. Ranked 32 in Floating Rate category. Return for 2024 was 8.2% , 2023 was 7.2% and 2022 was 3.8% .

Below is the key information for Nippon India Floating Rate Fund

Nippon India Floating Rate Fund Growth
Launch Date	27 Aug 04
NAV (17 Apr 25)	₹44.601 ↑ 0.05 (0.10 %)
Net Assets (Cr)	₹7,624 on 28 Feb 25
Category	Debt - Floating Rate
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.6
Sharpe Ratio	2.21
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	7.51%
Effective Maturity	3 Years 6 Months
Modified Duration	2 Years 6 Months 18 Days
Sub Cat.	Floating Rate

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,907
31 Mar 22	₹11,402
31 Mar 23	₹11,897
31 Mar 24	₹12,824
31 Mar 25	₹13,888

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 17 Apr 25

Duration	Returns
1 Month	1.8%
3 Month	2.9%
6 Month	4.5%
1 Year	9.2%
3 Year	7.2%
5 Year	6.9%
Since launch	7.5%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2023	8.2%
2022	7.2%
2021	3.8%
2020	3.7%
2019	11.3%
2018	9%
2017	5.8%
2016	5.9%
2015	9%
2014	8.6%

Fund Manager information for Nippon India Floating Rate Fund

Name	Since	Tenure
Vikash Agarwal	14 Sep 24	0.54 Yr.

Data below for Nippon India Floating Rate Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	4.11%
Debt	95.61%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	64.77%
Government	30.83%
Cash Equivalent	4.11%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Small Industries Development Bank Of India Debentures \| -	5%	₹352 Cr	35,000
Jamnagar Utilities & Power Private Limited Debentures \| -	4%	₹274 Cr	2,800
Indian Railway Finance Corporation Limited Debentures \| -	3%	₹252 Cr	25,000
Rural Electrification Corporation Limited Debentures \| -	3%	₹250 Cr	25,000
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹221 Cr	22,000
LIC Housing Finance Ltd Debentures \| -	3%	₹217 Cr	2,100
State Bank Of India Debentures \| -	3%	₹213 Cr	2,150
7.53% Govt Stock 2034 Sovereign Bonds \| -	3%	₹212 Cr	21,000,000
08.37 MP Sdl 2028 Sovereign Bonds \| -	3%	₹209 Cr	20,000,000
7.17% Govt Stock 2030 Sovereign Bonds \| -	3%	₹204 Cr	20,000,000

10. 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.

Nippon India Money Market Fund is a Debt - Money Market fund was launched on 16 Jun 05. It is a fund with Low risk and has given a CAGR/Annualized return of 7.4% since its launch. Ranked 27 in Money Market category. Return for 2024 was 7.8% , 2023 was 7.4% and 2022 was 5% .

Below is the key information for Nippon India Money Market Fund

Nippon India Money Market Fund Growth
Launch Date	16 Jun 05
NAV (17 Apr 25)	₹4,096.12 ↑ 1.21 (0.03 %)
Net Assets (Cr)	₹16,856 on 28 Feb 25
Category	Debt - Money Market
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Low
Expense Ratio	0.37
Sharpe Ratio	2.85
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	7.63%
Effective Maturity	8 Months 20 Days
Modified Duration	8 Months 2 Days
Sub Cat.	Money Market

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,540
31 Mar 22	₹10,954
31 Mar 23	₹11,584
31 Mar 24	₹12,463
31 Mar 25	₹13,425

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 17 Apr 25

Duration	Returns
1 Month	1.2%
3 Month	2.3%
6 Month	4.1%
1 Year	8%
3 Year	7.2%
5 Year	6.1%
Since launch	7.4%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
2023	7.8%
2022	7.4%
2021	5%
2020	3.8%
2019	6%
2018	8.1%
2017	7.9%
2016	6.6%
2015	7.6%
2014	8.3%

Fund Manager information for Nippon India Money Market Fund

Name	Since	Tenure
Kinjal Desai	16 Jul 18	6.63 Yr.
Vikash Agarwal	14 Sep 24	0.46 Yr.

Data below for Nippon India Money Market Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	78.43%
Debt	21.29%
Other	0.27%

Debt Sector Allocation

Sector	Value
Corporate	48.96%
Cash Equivalent	30.14%
Government	20.63%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd. Debentures \| -	2%	₹372 Cr	8,000 ↑ 8,000
Small Industries Development Bank of India Debentures \| -	2%	₹279 Cr	6,000 ↑ 6,000
364 DTB 27022026 Sovereign Bonds \| -	1%	₹235 Cr	25,000,000
India (Republic of) - \| -	1%	₹235 Cr	25,000,000 ↑ 25,000,000
India (Republic of) - \| -	1%	₹235 Cr	25,000,000 ↑ 25,000,000
Indusind Bank Ltd. Debentures \| -	1%	₹232 Cr	5,000 ↑ 5,000
Axis Bank Ltd. Debentures \| -	1%	₹209 Cr	4,500 ↑ 4,500
India (Republic of) - \| -	1%	₹194 Cr	20,000,000 ↑ 20,000,000
364 DTB 04122025 Sovereign Bonds \| -	1%	₹191 Cr	20,000,000
Small Industries Development Bank of India Debentures \| -	1%	₹186 Cr	4,000 ↑ 4,000

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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.