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Fincash » Mutual Funds » Nippon India Prime Debt Fund

Nippon India Prime Debt Fund - G

NAV  ₹53.467 ↑ 0.07  (0.12 %) as on 20 Feb 24

(Erstwhile Reliance Medium Term Fund)

Scheme Objective

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 launched on 14 Sep 00. It is a fund with Moderately Low risk and has given a CAGR return of 7.4% since its launch.  Ranked 20 in Corporate Bond category.  Return for 2023 was 7.1% , 2022 was 4.3% and 2021 was 4.7% .

Below is the key information for Nippon India Prime Debt Fund

NAV as on 20 Feb 24₹53.467 ↑ 0.07  (0.12 %)
Net Assets (AUM) as on 31 Jan 2024 ₹2,648 Cr.
Launch Date14 Sep 2000
CategoryDebt - Corporate Bond
Rating
TypeOpen Ended Fund
RiskModerately Low
Yield To Maturity7.71%
Effective Maturity4 Years 4 Months 28 Days
Modified Duration3 Years 3 Months 29 Days
Alpha Ratio0.0
Expense Ratio0.64 %
Sharpe Ratio0.296
Information Ratio0.0
BenchmarkNot Available
ISININF204K01EF9
AMCNippon Life Asset Management Ltd.
Min Investment ₹1,000
Min SIP Investment ₹100
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Feb 24

DurationReturns
1 Month 0.9%
3 Month 2.1%
6 Month 3.7%
1 Year 7.8%
3 Year 5.9%
5 Year 6.7%
10 Year
15 Year
Since launch 7.4%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
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%

Growth of 10k Over Years

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,797
31 Jan 21₹11,701
31 Jan 22₹12,296
31 Jan 23₹12,853
31 Jan 24₹13,793
Nippon India Prime Debt Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash5.32%
Debt94.45%
Other0.23%
Nippon India Prime Debt Fund Asset Allocation

Sector Allocation

SectorValue
Corporate47.83%
Government46.62%
Cash Equivalent5.32%
RatingValue
AAA100%
Nippon India Prime Debt Fund Debt Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
8%₹200 Cr20,000,000
↑ 20,000,000
Export Import Bank Of India
Debentures | -
6%₹150 Cr1,500
National Bank For Agriculture And Rural Development
Debentures | -
5%₹125 Cr12,500
7.32% Govt Stock 2030
Sovereign Bonds | -
4%₹101 Cr10,000,000
↑ 10,000,000
Summit Digitel Infrastructure Limited
Debentures | -
4%₹97 Cr1,000
Tata Capital Housing Finance Limited
Debentures | -
4%₹96 Cr1,000
07.86 MH Sdl 2030
Sovereign Bonds | -
3%₹76 Cr7,500,000
↑ 7,500,000
7.17% Govt Stock 2030
Sovereign Bonds | -
3%₹75 Cr7,500,000
7.18% Govt Stock 2037
Sovereign Bonds | -
3%₹75 Cr7,500,000
↑ 5,000,000
7.38% Govt Stock 2027
Sovereign Bonds | -
2%₹66 Cr6,500,000
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Fund Managers

NameSinceTenure
Vivek Sharma1 Feb 204 Yr.
Kinjal Desai25 May 185.69 Yr.

Custodians

CompanyAddress
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Nippon India Mutual Fund9th Floor, Crescenzo, C-38 & 39,,G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051

Auditors

CompanyAddress
Haribhakti & Co. Chartered Accountants42, Free Press House,4th Floor,,215, Nariman Point,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Nippon India Prime Debt Fund
Growth
₹53.467
↑ 0.07
3.71 %7.76 %5.87 %6.68 %
Nippon India Prime Debt Fund
Weekly Dividend, Reinvestment
₹17.0959
↓ -0.01
3.71 %7.76 %5.87 %6.17 %
Nippon India Prime Debt Fund
Quarterly Dividend, Payout
₹11.9573
↑ 0.01
3.68 %7.65 %5.81 %6.13 %
Nippon India Prime Debt Fund
Monthly Dividend, Payout
₹11.618
↑ 0.01
3.69 %7.51 %5.84 %6.23 %
Nippon India Prime Debt Fund
Monthly Dividend, Reinvestment
₹11.618
↑ 0.01
3.69 %7.51 %5.84 %6.23 %
Nippon India Prime Debt Fund
Normal Dividend, Payout
₹17.1293
↑ 0.02
3.59 %7.63 %5.84 %6.67 %
Nippon India Prime Debt Fund
Normal Dividend, Reinvestment
₹17.1293
↑ 0.02
3.59 %7.63 %5.84 %6.67 %
Nippon India Prime Debt Fund
Weekly Dividend, Payout
₹17.0959
↓ -0.01
3.71 %7.76 %5.87 %6.17 %
Nippon India Prime Debt Fund
Quarterly Dividend, Reinvestment
₹11.9573
↑ 0.01
3.68 %7.65 %5.81 %6.13 %
Nippon India Prime Debt Fund
Daily Dividend, Reinvestment
₹17.0959
3.7 %7.73 %5.68 %6.05 %
Data as on 20 Feb 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.