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  • Nippon India Liquid Fund (Growth)

Formerly Reliance Liquid Gr

Nippon India Liquid Fund (Growth)

Nippon India Liquid Fund (Growth)

DebtLiquid

Recommended

Top Ranked

5046.2888

NAV (Jul 22)

5.4%
3 Year CAGR
Scripbox Opinion

Recommended

Nippon India Liquid Fund (Growth) is recommended for investment within liquid mutual funds.

Liquid funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.

Our analysis of this fundLearn how we rate funds ->

Track Record

18 Years. The fund has an Extended history for analysis and the track record is excellent.

Relative Size

22,558 Cr. Category leader in size

Impact of Interest Rate Changes

Low Interest Rate Risk. The impact on fund value is quite low when interest rates change

Credit Quality Of Fund's Portfolio

Lowest Credit Risk. The fund has a very high credit quality compared to other debt funds

Invest in this fund
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Emergency Money

Emergency Money

Invest in a scientifically curated set of liquid funds which are best aligned towards achieving any objectives where liquidity and stability are the priority.

  • graph-icon-gray
    Historical growth rate of 6.5% per annum
  • graph-icon-gray
    Recommended Duration 1 - 5 years
  • graph-icon-gray
    No Lock-in
  • graph-icon-gray
    Emergency

No single fund can achieve what a plan can. Learn why

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Scheme Information

Investment Objective

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity by investing in debt and money market instruments.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

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Moderate Risk

Expense Ratio
0.32 %
Launched (18y ago)
Dec 09, 2003
AUM in Crores
₹ 22,558
ISIN
INF204K01UN9
Lock-in
No Lock-in
Benchmark
CRISIL Liquid Fund TR INR
SIP Minimum
₹ 1,000
Lumpsum Min.
₹ 1,000
Fund Managers
user-avatar

Anju Chhajer

Fund Manager

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Kinjal Desai

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
EPF70% ₹ 900,761 ₹ 168,1498.50%
Property70% ₹ 867,662 ₹ 135,0507.00%
PPF70% ₹ 869,819 ₹ 137,2077.10%
Bank FD70% ₹ 846,471 ₹ 113,8596.00%
Gold70% ₹ 846,471 ₹ 113,8596.00%
Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

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Emergency Money

Invest in a scientifically curated set of liquid funds which are best aligned towards achieving any objectives where liquidity and stability are the priority.

  • Inflation beating returns
    Inflation beating returns
  • Emergency
    Emergency
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Debt Funds

Kotak Savings Fund (G)

Kotak Savings Fund (G)

Ultra Short

Recommended

Top Ranked

17 Years

Age

5

Track Record

Aditya Birla Sun Life Liquid (G)

Aditya Birla Sun Life Liquid (G)

Liquid

Recommended

Top Ranked

17 Years

Age

5

Track Record

SBI Magnum Ultra Short Duration Fund (G)

SBI Magnum Ultra Short Duration Fund (G)

Ultra Short

Recommended

Top Ranked

22 Years

Age

5

Track Record

Nippon India Liquid Fund (G)

Nippon India Liquid Fund (G)

Liquid

Recommended

Top Ranked

18 Years

Age

5

Track Record

ICICI Prudential Savings Fund (G)

ICICI Prudential Savings Fund (G)

Low Duration

Recommended

Top Ranked

19 Years

Age

5

Track Record

amc-icon

About the AMC

Nippon Life India Asset Management Ltd

Nippon Life India Asset Management Ltd manages assets worth 215,397 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 90 equity,369 debt and 34 hybrid funds.

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  • tel-amc-about
    022-33031000
  • mail-amc-about
    customer_care@reliancemutual.com
  • Nippon India Liquid Fund (G)

    Nippon India Liquid Fund (G)

    Liquid

    Recommended

    Top Ranked

    ₹ 22,557 Cr

    Fund Size

    5.40%

    3 Year CAGR

    3 Y CAGR

    Nippon India Growth Fund (G)

    Nippon India Growth Fund (G)

    Mid Cap

    Recommended

    Top Ranked

    ₹ 10,261 Cr

    Fund Size

    17.20%

    5 Year CAGR

    5 Y CAGR

    Nippon India Liquid Fund Retail (G)

    Nippon India Liquid Fund Retail (G)

    Liquid

    Top Ranked

    ₹ 22,557 Cr

    Fund Size

    4.60%

    3 Year CAGR

    3 Y CAGR

    Nippon India Growth Fund Inc Dist cum Cap Wdrl (PIDCW-A)

    Nippon India Growth Fund Inc Dist cum Cap Wdrl (PIDCW-A)

    Mid Cap

    Top Ranked

    ₹ 10,261 Cr

    Fund Size

    16.40%

    5 Year CAGR

    5 Y CAGR

    Nippon India Liquid Fund Retail Inc Dist cum Cap Wdrl (D-Q)

    Nippon India Liquid Fund Retail Inc Dist cum Cap Wdrl (D-Q)

    Liquid

    Top Ranked

    ₹ 22,557 Cr

    Fund Size

    3.60%

    3 Year CAGR

    3 Y CAGR

    growth

    Emergency Money

    Invest in a scientifically curated set of liquid funds which are best aligned towards achieving any objectives where liquidity and stability are the priority.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Emergency
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Axis Liquid Fund (Growth)

    Axis Liquid Fund (Growth)

    Debt

    Liquid

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

    Nippon India Liquid Fund-Growth is a liquid fund provided by Nippon India Mutual Fund. The scheme invests in high-quality debt securities and money market instruments like corporate bonds, repo, treasury bills, certificates of deposits, etc. The scheme aims to provide reasonable returns by ensuring adequate liquidity through investments in multiple instruments with a maturity of up to 91 days. The fund was previously known as Reliance Liquid Gr. These funds are a better investment option than parking your idle funds in a savings bank account. Liquid funds are debt funds that are highly liquid with a maturity of up to 91 days. Liquid funds are relatively lower risk.

    Nippon India Liquid Fund-Growth Investment Objective

    The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity by investing in debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be achieved. The Scheme provides its investors a regular income with a high level of safety and convenience of liquidity over the short term. The scheme achieves its goals by maintaining a debt portfolio with an average maturity ranging from 40 days to 70 days under normal market conditions. Nippon India Liquid Fund invests in an entire range of high-quality debt instruments in line with its investment objective. It achieves its objective through active management of its portfolio along with a lower interest rate risk.

    Nippon India Liquid Fund-Growth Scheme Details

    Nippon India Asset Management Company Limited had launched Nippon India Liquid Fund- Growth scheme on 9th December 2003. The scheme has been in existence for the past 18 years. Since its introduction, the fund has been providing steady and regular income over the investment horizon at par with inflation.

    NAV and Returns – As of 24th June 2021, the NAV of the Nippon India Liquid Fund is Rs 5033.57. The fund has a risk-o-meter of moderate risk. Hence, an investor who invests in this fund must understand that their principal investment is at moderate risk. The fund has delivered a return on investment of 7.10% since its inception

    Minimum Investment – The fund has a minimum SIP investment requirement of Rs 1,000 and a minimum lump sum investment of Rs 1,000.

    Expense Ratio and Exit Load – The expense ratio on the fund is 0.32% of the NAV of the units of funds on the date of redemption. Here, the expense ratio charged by the fund is close to the expense ratio that other AMCs charge for similar category funds. The fund charges an exit load on the redemption of the units of the mutual fund. The exit load applicable on the units to be redeemed will be at the rate prevailing at the time of the allotment of those units. 

    Investor exit upon subscriptionExit Load as % of redemption / switch out amount (including systematic transactions)
    Up to Day 10.0070%
    Day 20.0065%
    Day 30.0060%
    Day 40.0055%
    Day 50.0050%
    Day 60.0045%
    Day 7 OnwardsNIL

    Fund Manager – Currently, Ms. Anju Chhajer and Ms. Kinjal Desai are co-managing the fund. Ms. Anju Chhajer has been managing the fund since 1st October 2013. Ms. Chhajer possesses a rich experience of 16 years in financial services and fund management.

    Other Details – No lock-in period for the scheme, you can redeem any amount of investment anytime. The AUM of Nippon India Liquid  Fund as of 24th June 2021 is Rs 20,049 cr. The fund benchmarks to CRISIL Liquid Fund TR INR. 

    1 Year Return3.20 %
    3 Years Return 5.50 %
    5 Years Return6 %
    10 Years Return7.50 %
    Returns Updated as of 24th June 2021

    Nippon India Liquid  Fund-Growth Top Stock Holdings

    The Nippon India Liquid Fund-Growth has invested its assets majorly in the debt instruments of the following companies:

    CompanyPercentage of Holding (As of 24th June 2021)
    91 Days Treasury Bill – Dated 15 July 202115.30%
    Net Current Assets6.70%
    India Republic 6.20%
    91 Days Treasury Bill – Dated 05 August 20215.20%
    Barclays Bank PLC5%
    91 Days Treasury Bill – Dated 05 August 20214.90%
    Reliance Retail Ventures Limited3.70%
    Aditya Birla Finance Limited3.20%
    L&T Finance Limited3%
    National Bank for Agriculture and Rural Development3%

    Asset Allocation of Nippon India Liquid  Fund-Growth

    The Nippon India Liquid Fund-Growth has invested in the following debt instruments:

    SectorPercentage of Holding (As of 24th June 2021)
    Commercial Paper62.85%
    Treasury Bills31.62%
    Certificate of Deposit10.30%
    Corporate Bond Repo1.73%
    Cash and Other Receivables(6.59%)

    Nippon India Liquid  Fund-Growth Review

    Nippon India Liquid Fund-Growth is recommended by Scripbox for investment within liquid mutual funds. Liquid funds provide relative safety of capital amount invested along with returns at par with inflation over the investment horizon. 

    1. Nippon India Liquid Fund- Growth is suitable for investors who seek regular income over the investment horizon along with relative stability of capital and a high degree of liquidity. It is suitable for an investment duration of 1-5 years or longer.
    2. The fund has a history of 18 years which provides sufficient records for analysis of the performance of the fund. Moreover, the fund’s track record is excellent.
    3. With an AUM or relative size of Rs 30,047 cr, the fund is a leader in the liquid fund category.
    4. Over its existence so far the scheme has performed well consistently by outperforming its benchmark.
    5. The impact of interest rate changes on fund value is quite low in comparison to other similar funds. 
    6. The fund has a high credit quality compared to other liquid debt funds in the same category. This indicates that it has lent to borrowers whose credit quality is good. With better borrowers, it ensures a low default risk or credit risk. 

    How Scripbox Algorithmically Selects Mutual Funds?

    Scripbox uses time-tested principles, historical data, and valid assumptions about asset classes. We combine them with a rigorous process to finalize which asset classes make the most sense for specific types of objectives, considering the time needed to achieve them.

    Once we select an asset class, our algorithm goes to work to select the best financial products.

    The algorithm scores financial products on multiple parameters, giving relevant weights to each of the listed parameters, such as:

    • Track record of the product – how long has it been around?
    • Assets under management – how big is it – for example, the size of a mutual fund
    • Liquidity – how easy is it to move in or out of the product?
    • Consistency of performance – how much have the returns fluctuated?
    • The risk associated with the product – what risks impact the product?
    • Quality of underlying assets – we assess how risky the underlying assets are – for example, by considering bond ratings in the case of debt funds

    With such a scientific and detailed approach Scripbox ensures:

    • Bias free product selection – commissions don’t sway our decisions
    • Minimal human intervention and thus minimal impact of emotions and behavioral biases
    • Consideration of the maximum number of factors that can impact an investment product
    • Application of logic to investment product selection 

    Our investment product selection science helps us help you, without biases clouding the evaluation.

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