About Nippon India Ultra Short Duration Fund Direct-Growth
Nippon India Ultra Short 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 Vivek Sharma
. It has an AUM of ₹3,258.01 Crores and the latest NAV decalared is ₹2982.994 as on 16 Oct 2019 at 10:55 pm.
Nippon India Ultra Short Duration Fund Direct-Growth scheme return performance in last 1 year is 1.88%, in last 3 years is 17.09% and 60.86% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.