About Nippon India Low Duration Fund Direct - Dividend Payout
Nippon India Low Duration Fund Direct - Dividend Payout is a Debt
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 08 Nov 2013 and is currently managed by its fund managers Anju Chhajer
and Vivek Sharma
. It has an AUM of ₹3,567.14 Crores and the latest NAV decalared is ₹1528.171 as on 20 Feb 2020 at 11:35 pm.
Nippon India Low Duration Fund Direct - Dividend Payout scheme return performance in last 1 year is 7.50%, in last 3 years is 24.10% and 64.52% 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.