Nippon India Low Duration Fund- Growth Plan - Growth Option

Low Duration NAV 3300.6080 0 29 September, 2023

Reliance Money Manager Fund Growth invests its corpus in debt and money market instruments which has a maturity period of 6 to 12 months. It is now known as Reliance low duration Fund. It is an open-ended debt scheme offers short-term income generation with moderately low-risk. Reliance Money Manager Fund invests 80% of its portfolio in high-rated assets (AAA/ A1+). The fund maintains its portfolio duration between 180-270 days.

Fund Details

Category Low Duration
Fund Type Open Ended
Investment Plan Growth
Launch Date 10 March, 2007
Benchmark CRISIL Ultra ST Debt
Asset Size(Cr) 6785.7194
Turn over 119%
Min Investment ₹ 500
Min SIP Investment ₹ 100
Min Addl Investment ₹ 100
Exit Load Nil
Expense Ratio 0.94
Fund Manager Anju Chhajer, Vivek Sharma, Akshay Sharma
Fund House Nippon India Mutual Fund

Investment Returns (As on 29 Sep, 2023)

Duration Returns Benchmark Category
1 W 0.16% 0.33% 0.12%
1 M 0.73% 1.68% 0.69%
3 M 1.8% 2.58% 1.81%
6 M 3.47% 5.48% 3.45%
1 Y 5.31% 7.16% 5.33%
2 Y 4.6% 5.04% 4.77%
3 Y 5.44% 5.69% 5.56%
5 Y 6.01% 8.07% 5.49%

Risk Mesasures (As on 29 Sep, 2023)

Std Dev Sharpe Beta Alpha YTM AVG Maturity
Fund 0.89 1.52 3.32 1.37 7.7 1.11
Benchmark 0 0 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 30 Jun, 2023)

Assets Allocation

Sector Holdings
Others 6.85%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
Nippon India Low Duration Fund- Growth Plan - Growth Option 5.31% 5.44% 6.01%

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Reliance Money Manager Fund : Investment Philosophy

This is an open-ended plan which falls under the ultra-short debt funds category. Reliance Money Manager Fund Growth was launched in 2007 with the primary objective of generating optimal returns in a consistent manner with minimized risk and moderate liquidity. To provide the same, this scheme invests the capital in the debt securities and money market instruments which provide recurrent profits in the form of interest. The minimum investment amount for this scheme is Rs. 500 which can be made in the form of SIP investments as well and thus, it is considered to be convenient. Reliance Money Manager Fund Performance is measured against the set benchmark of ‘CRISIL Liquid Funds’.

This plan allots majority of its funds in the instruments where the average maturity period exceeds twelve months. In order to offer the advantage of roll-down returns, 15-30 percent allocation of the total assets are made in the relatively high-risk-carrying assets having 9-18 months of maturity. The portfolio of this scheme holds an average maturity of 180-220 days depending on the interest rates and market scenario.

Reliance Money Manager Fund Growth : Portfolio Analysis

  • The designing of the portfolio and its concentration is the most important part to be considered while making an investment decision. One must know where is one’s capital going to get invested. In this case, Reliance Mutual Fund has made the investment debt instruments. With an asset size of Rs. 17,971 crore as on October 31, 2016, The scheme’s fund manager has put the money in the instruments which are AAA, A1+, AA, cash equivalent and many other money market securities. The instruments include debentures, bonds, certificate of deposits, and NCDs, of the best-performing entities that are offering higher returns. Ultimately the investors are gaining substantial income on their investments with a sound portfolio.
  • It is one of the best performing mutual funds in India in terms of fulfilling promises. And as we all understand this very well that it is worthwhile to invest the hard-earned money in the promising schemes. Therefore, we recommend you to make investment in Reliance Money Manager Fund G online due to the portfolio concentration and investing technique of its fund managers which assure yielding of the best returns over a short duration of time. Moreover, the brilliant performance of this scheme among wih all other mutual fundsmakes it worthwhile to invest the hard earned money with the expectation of generating heavy gains over the estimated period of time.

Reliance Money Manager Fund NAV Performance Review

  • This strategy is ranked third in the ‘Ultra Short Debt Funds’ as per the rating assigned by CRISIL for the quarter which ended in June 2016. It has been offering stable and positive returns for a long time and helped many investors in accomplishing their short-term investment goals. The Reliance Money Manager Fund g outperforms its benchmark and category by generating 8-9 percent returns. The absolute annual returns for the years 2012, 2013, 2014, 2015 were 9.6, 9.4, 8.9, 8.4 percent respectively. This shows its well-being in the market in terms of returns. And thus, looking at its brilliant performance one should invest online in this promising scheme and get easy access to the latest updates at My SIP online.
  • Furthermore, the annualized returns provided by this investment plan over a period of three and five-year investment period are more than the category and benchmark which are around 8.8 and 9.1 percent respectively. Accordingly, it can be concluded that performance of this scheme is best in order to provide high liquidity to the investment portfolio along with stabilized income.

Choose Reliance Money Manager Fund, if you wish to easily avail our online services where we have a variety of solutions and tools to help you make a productive investment portfolio. Also one can calculate returns for their investment using our SIP Calculator.

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Saket Joshi
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