19 Years. The fund has an Extended history for analysis and the track record is excellent.
22,232 Cr. Category leader in size
Impact of Interest Rate Changes
Lowest Interest Rate Risk. The impact on fund value is very low when interest rates change
Credit Quality Of Fund's Portfolio
Moderate Credit Risk. The fund has a moderate credit quality compared to other debt funds
NAV (May 23)
6 Month CAGR
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.
Launched (19y ago)
Dec 09, 2003
AUM in Crores
Nifty Liquid Index TR INR
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
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.
|Fund Name||Scripbox Opinion||Fund Size||Track Record|
₹ 40,402 cr
₹ 16,108 cr
₹ 18,675 cr
₹ 15,495 cr
₹ 40,402 cr
Nippon Life India Asset Management Ltd
Nippon Life India Asset Management Ltd manages assets worth 241,302 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 99 equity,369 debt and 34 hybrid funds.
|Fund Name||Scripbox Opinion||Till Date CAGR|
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.
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 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 subscription||Exit Load as % of redemption / switch out amount (including systematic transactions)|
|Up to Day 1||0.0070%|
|Day 7 Onwards||NIL|
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 Return||3.20 %|
|3 Years Return||5.50 %|
|5 Years Return||6 %|
|10 Years Return||7.50 %|
The Nippon India Liquid Fund-Growth has invested its assets majorly in the debt instruments of the following companies:
|Company||Percentage of Holding (As of 24th June 2021)|
|91 Days Treasury Bill – Dated 15 July 2021||15.30%|
|Net Current Assets||6.70%|
|91 Days Treasury Bill – Dated 05 August 2021||5.20%|
|Barclays Bank PLC||5%|
|91 Days Treasury Bill – Dated 05 August 2021||4.90%|
|Reliance Retail Ventures Limited||3.70%|
|Aditya Birla Finance Limited||3.20%|
|L&T Finance Limited||3%|
|National Bank for Agriculture and Rural Development||3%|
The Nippon India Liquid Fund-Growth has invested in the following debt instruments:
|Sector||Percentage of Holding (As of 24th June 2021)|
|Certificate of Deposit||10.30%|
|Corporate Bond Repo||1.73%|
|Cash and Other Receivables||(6.59%)|
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.
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