• Mutual Funds
  • Nippon Mutual Fund
  • Nippon India Liquid Fund (Growth)

Formerly Reliance Liquid Gr

Nippon Mutual Fund

Nippon India Liquid Fund (Growth)

DebtLiquid

Top Ranked

5188.7103

NAV (May 23)

4.2%
3 Year CAGR
Scripbox Opinion

Top Ranked

These are the top-ranked funds within liquid mutual funds.However, Scripbox does not recommend investing in liquid mutual funds.

Our analysis of this fundLearn how we rate funds ->

Track Record

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

Relative Size

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

Scripbox Recommended Liquid Funds

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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

5188.7103

NAV (May 23)

Fund Returns

Last 1Y

3.4%

Last 3Y

4.2%

Last 5Y

5.4%

Last 10Y

6.9%

Since Inception

6.9%

6 Month CAGR

1.7%

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.

Expense Ratio

0.32

Launched (19y ago)

Dec 09, 2003

AUM in Crores

22231.978

ISIN

INF204K01UN9

Lock-in

No Lock-in

Benchmark

Nifty Liquid Index TR INR

SIP Minimum

1000

Lumpsum Min.

1000

Fund Managers

Kinjal Desai

Fund Manager

Siddharth Deb

Fund Manager

Anju Chhajer

Fund Manager

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.

Asset allocation and Holdings

Last updated on 2022-05-23

Top Debt Holdings

See all holdings
allocation by market cap

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record
ICICI Prudential Liquid Fund (G)
ICICI Prudential Liquid Fund (G)

₹ 40,402 cr

5

₹ 16,108 cr

5

₹ 18,675 cr

5

₹ 15,495 cr

5

₹ 40,402 cr

5

About the AMC

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.

amc-img

  • 022-33031000
  • customer_care@reliancemutual.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    15.1%

    15.4%

    4.4%

    6.9%

    4.2%

    6.7%

    14.7%

    17.3%

    4.2%

    5.6%

    Investment Calculator

    Investment Duration5 years

    0

    Total Investment

    0

    Wealth Gained

    0

    Total Corpus Created (₹)

    With CAGR of 11.25 % in 5 years

    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. 

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