Nippon India Short Duration Fund-Growth Plan

Nippon India Short Duration Fund-Growth Plan is a scheme launched by Nippon Mutual Fund on December 23, 2002, and falls under the Short Duration fund category. It currently manages an AUM of Rs 8,851.05 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 100. It charges an expense ratio of 0.93% for managing the portfolio.

• Investing Strategy:

  The primary objective of the Scheme is to generate stable returns for investors with a short-term investment horizon by investing in fixed income securities of a short-term maturity.

• Performance:

  Nippon India Short Duration Fund-Growth Plan trailing returns over different times are 8.44% (1 year), 7.81% (3 year) and 6.15% (5 year). The average annual return of this fund stands at 7.07%.