About Nippon India Low Duration Fund Direct - Dividend Weekly
Nippon India Low Duration Fund Direct - Dividend Weekly is a Debt
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Anju Chhajer
and Vivek Sharma
. It has an AUM of ₹2,639.40 Crores and the latest NAV decalared is ₹1009.303 as on 31 May 2020 at 12:44 pm.
Nippon India Low Duration Fund Direct - Dividend Weekly scheme return performance in last 1 year is 6.63%, in last 3 years is 23.93% and 81.62% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.