About Nippon India Low Duration Fund Direct-Growth
Nippon India Low Duration Fund Direct-Growth 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 Amit Tripathi
. It has an AUM of ₹3,752.22 Crores and the latest NAV decalared is ₹2722.596 as on 17 Oct 2019 at 11:35 pm.
Nippon India Low Duration Fund Direct-Growth scheme return performance in last 1 year is 7.72%, in last 3 years is 23.51% and 73.27% 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.