Nippon India Ultra Short Duration Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

No of Debt Holding 129 (Category Avg - 63.84) | Modified Duration 0.46 Years (Category Avg - 0.42)| Yield to Maturity 6.81% (Category Avg - 6.38%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	1.99%	3.13%
CD	22.42%	33.23%
T-Bills	9.86%	7.37%
CP	3.87%	9.20%
NCD & Bonds	56.77%	39.42%
PTC	2.29%	1.02%

Category - Ultra Short Duration Fund

Security Type	% Weight	Category Average
Government Backed	11.85%	10.50%
Low Risk	85.35%	82.86%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Ultra Short Duration Fund

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	4868.10	3.85%	48.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	3517.57	2.78%	35.00 k
Bond - T-Bill	T-Bills	Other			2935.92	2.32%	3.00 Cr
Bond - J S W Energy Ltd.	NCD & Bonds	Power generation	LAA	ICRA	2506.83	1.98%	25.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	LAAA	ICRA	2506.12	1.98%	2.50 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	2460.17	1.95%	5.00 k
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	LAA	ICRA	2411.55	1.91%	24.00 k
Bond - Au Small Finance Bank Ltd.	CD	Other bank	PR1+	CARE	2359.12	1.87%	5.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	2354.64	1.86%	5.00 k
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	2350.91	1.86%	5.00 k
Bond - Tata Communications Ltd.	NCD & Bonds	Telecom - cellular & fixed line services	CARE AAA	CARE	2266.50	1.79%	22.50 k
Bond - Aadhar Housing Finance Ltd.	NCD & Bonds	Housing finance company	LAA	ICRA	2014.91	1.59%	20.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	2011.53	1.59%	20.00 k
Bond - Embassy Office Parks Reit	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	2009.25	1.59%	2.00 k
Bond - T-Bill	T-Bills	Other			1992.35	1.58%	2.00 Cr
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	1967.23	1.56%	4.00 k
Bond - Small Industries Development Bank Of India	CP	Financial institution	P1+	CRISIL	1959.97	1.55%	4.00 k
Bond - L&T Metro Rail (Hyderabad) Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	1947.43	1.54%	1.95 k
Bond - Samvardhana Motherson International Ltd.	NCD & Bonds	Auto components & equipments	INDAAA	FITCH	1905.08	1.51%	19.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	1905.24	1.51%	4.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1848.62	1.46%	1.85 k
Bond - Interise Trust	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	LAAA	ICRA	1828.61	1.45%	19.50 k
Bond - Piramal Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA	CARE	1813.32	1.43%	18.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	1736.87	1.37%	3.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1715.32	1.36%	1.70 k
Bond - T-Bill	T-Bills	Other			1633.54	1.29%	1.65 Cr
Bond - Nirma Ltd.	NCD & Bonds	Household products	AA	CRISIL	1517.73	1.20%	15.00 k
Bond - T-Bill	T-Bills	Other			1494.04	1.18%	1.50 Cr
Bond - Liquid Gold	PTC	Ptc	AAA	CRISIL	1487.76	1.18%	0.00 Cr
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	1469.93	1.16%	3.00 k
Bond - Credila Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	1454.37	1.15%	14.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1447.98	1.15%	1.45 k
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1393.17	1.10%	1.10 k
Bond - T-Bill	T-Bills	Other			1249.06	0.99%	1.25 Cr
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1257.55	0.99%	12.50 k
Bond - Indostar Capital Finance Private Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA-	CARE	1253.33	0.99%	12.50 k
Bond - T-Bill	T-Bills	Other			1225.84	0.97%	1.25 Cr
Bond - Piramal Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA	CARE	1210.61	0.96%	12.00 k
Bond - Godrej Industries Ltd	NCD & Bonds	Animal feed	AA+	CRISIL	1207.53	0.96%	12.00 k
Bond - IndiGrid Infrastructure Trust	NCD & Bonds	Power - transmission	AAA	CRISIL	1148.96	0.91%	1.15 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1005.72	0.80%	10.00 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	1004.33	0.79%	10.00 k
Bond - Nirma Ltd.	NCD & Bonds	Household products	AA	CRISIL	1003.53	0.79%	10.00 k
Bond - SK Finance Ltd.	NCD & Bonds	Financial services	LAA-	ICRA	1003.30	0.79%	10.00 k
Bond - Aditya Birla Real Estate Ltd.	NCD & Bonds	Paper & paper products	AA	CRISIL	1002.62	0.79%	10.00 k
Bond - Piramal Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA	ICRA	1000.98	0.79%	10.00 k
Bond - Nuvama Wealth Finance Ltd.	NCD & Bonds	Stockbroking & allied	CARE AA	CARE	1000.82	0.79%	10.00 k
Bond - T-Bill	T-Bills	Other			993.07	0.79%	1.00 Cr
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	992.74	0.79%	2.00 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	991.25	0.78%	2.00 k
Bond - Punjab & Sind Bank	CD	Public sector bank	A1+	ICRA	986.23	0.78%	2.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	981.36	0.78%	2.00 k
Bond - IDBI Bank Ltd.	CD	Private sector bank	P1+	CRISIL	981.00	0.78%	2.00 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	980.66	0.78%	2.00 k
Bond - Tata Projects Ltd.	CP	Civil construction	P1+	CRISIL	985.12	0.78%	2.00 k
Bond - Muthoot Fincorp Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	972.59	0.77%	2.00 k
Bond - Union Bank Of India	CD	Public sector bank	F1+	FITCH	979.57	0.77%	2.00 k
Bond - Nuvama Wealth Finance Ltd.	NCD & Bonds	Stockbroking & allied	AA-	CRISIL	961.33	0.76%	9.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	955.62	0.76%	9.50 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	PR1+	CARE	939.84	0.74%	2.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	905.76	0.72%	9.00 k
Bond - Nuvama Wealth and Investment Ltd.	NCD & Bonds	Stockbroking & allied	CARE AA	CARE	806.88	0.64%	8.00 k
Bond - Summit Digitel Infrastructure Pvt Ltd.	NCD & Bonds	Telecom - infrastructure	AAA	CRISIL	760.54	0.60%	7.50 k
Bond - Truhome Finance Ltd.	NCD & Bonds	Housing finance company	CARE AA	CARE	753.07	0.60%	7.50 k
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	752.04	0.59%	7.50 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	734.93	0.58%	1.50 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	732.52	0.58%	1.50 k
Bond - Adani Transmission Step-Two Ltd.	NCD & Bonds	Power - transmission	AA+	CRISIL	726.33	0.57%	7.28 k
Bond - Adani Transmission Step-Two Ltd.	NCD & Bonds	Power - transmission	AA+	CRISIL	715.19	0.57%	7.18 k
Bond - Liquid Gold	PTC	Ptc	AAA	CRISIL	604.14	0.48%	0.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	550.03	0.44%	550.00
Bond - Govt of India	GOI	Other			512.41	0.41%	51.20 L
Bond - Govt of India	GOI	Other			507.07	0.40%	50.60 L
Bond - 360 One Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA	ICRA	502.07	0.40%	5.00 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	501.26	0.40%	500.00
Bond - Can Fin Homes Ltd.	NCD & Bonds	Housing finance company	LAAA	ICRA	500.39	0.40%	500.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	499.52	0.40%	500.00
Bond - Vastu Finserve India Pvt Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA-	ICRA	495.73	0.39%	5.00 k
Bond - T-Bill	T-Bills	Other			489.83	0.39%	50.00 L
Bond - Export Import Bank Of India	CP	Financial institution	P1+	CRISIL	492.94	0.39%	1.00 k
Bond - Federal Bank Ltd.	CD	Private sector bank	P1+	CRISIL	497.81	0.39%	1.00 k
Bond - National Bank for Agriculture & Rural Development	CD	Financial institution	P1+	CRISIL	493.31	0.39%	1.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	492.12	0.39%	1.00 k
Bond - Manappuram Finance Ltd.	CP	Non banking financial company (nbfc)	PR1+	CARE	478.31	0.38%	1.00 k
Bond - India Universal Trust	PTC	Ptc	AAA	CRISIL	454.83	0.36%	0.00 Cr
Bond - IIFL Home Finance Ltd.	NCD & Bonds	Housing finance company	AA	CRISIL	453.56	0.36%	4.50 L
Bond - T-Bill	T-Bills	Other			445.51	0.35%	45.00 L
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	405.57	0.32%	4.00 k
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	400.96	0.32%	400.00
Bond - Bahadur Chand Investments Pvt. Ltd.	NCD & Bonds	Investment company	LAA	ICRA	377.53	0.30%	3.75 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	354.71	0.28%	3.50 k
Bond - IndiGrid Infrastructure Trust	NCD & Bonds	Power - transmission	AAA	CRISIL	350.63	0.28%	3.50 L
Bond - Govt of India	GOI	Other			355.00	0.28%	35.00 L
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	AA	CRISIL	335.40	0.27%	3.35 k
Bond - IndiGrid Infrastructure Trust	NCD & Bonds	Power - transmission	AAA	CRISIL	312.94	0.25%	3.12 L
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	303.36	0.24%	3.00 k
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	302.22	0.24%	3.00 k
Bond - Export Import Bank Of India	CD	Financial institution	P1+	CRISIL	294.00	0.23%	600.00
Bond - India Universal Trust	PTC	Ptc	INDAAA	FITCH	264.22	0.21%	0.00 Cr
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	247.03	0.20%	500.00
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	246.71	0.20%	500.00
Bond - Can Fin Homes Ltd.	NCD & Bonds	Housing finance company	LAAA	ICRA	252.69	0.20%	2.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	251.84	0.20%	2.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	251.62	0.20%	250.00
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	LAAA	ICRA	250.78	0.20%	250.00
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	250.62	0.20%	250.00
Bond - Truhome Finance Ltd.	NCD & Bonds	Housing finance company	AA	CRISIL	250.44	0.20%	2.50 k
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	250.37	0.20%	250.00
Bond - Bahadur Chand Investments Pvt. Ltd.	NCD & Bonds	Investment company	LAA	ICRA	250.36	0.20%	2.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	250.25	0.20%	2.50 k
Bond - Tata Capital Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	250.02	0.20%	250.00
Bond - Vastu Finserve India Pvt Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA-	ICRA	249.40	0.20%	2.50 k
Bond - Adani Transmission Step-Two Ltd.	NCD & Bonds	Power - transmission	AA+	CRISIL	248.26	0.20%	2.50 k
Bond - Highways Infrastructure Trust	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	AAA	CRISIL	242.94	0.19%	250.00
Bond - Govt of India	GOI	Other			201.01	0.16%	20.00 L
Bond - Govt of India	GOI	Other			181.67	0.14%	18.00 L
Bond - Govt of India	GOI	Other			176.60	0.14%	17.50 L
Bond - Govt of India	GOI	Other			171.53	0.14%	17.00 L
Bond - Govt of India	GOI	Other			152.07	0.12%	15.00 L
Bond - Govt of India	GOI	Other			151.09	0.12%	15.00 L
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	149.03	0.12%	300.00
Bond - Shriram Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	150.28	0.12%	1.50 k
Bond - SK Finance Ltd.	NCD & Bonds	Financial services	LAA-	ICRA	135.41	0.11%	1.35 k
Bond - Govt of India	GOI	Other			100.95	0.08%	10.00 L
Bond - Sansar Trust	PTC	Ptc	LAAA	ICRA	69.39	0.05%	0.00
Bond - ICICI Home Finance Company Ltd.	NCD & Bonds	Housing finance company	LAAA	ICRA	50.26	0.04%	500.00
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	50.23	0.04%	500.00
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	9.94	0.01%	10.00
Bond - Indigo 023	PTC	Ptc	LAAA	ICRA	9.50	0.01%	0.00 Cr

Name	Type of Instrument	Weight (%)
TREPS	TREPS	2.55%
Net Receivables	Net Receivables	0.24%
Margin	Margin	0.01%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%
Interest Rate Swaps	Interest Rate Swaps	0.00%

Nippon India Ultra Short Duration Fund - Direct Plan - Growth

Portfolio Summary (as on 31st Oct,2025)

Debt holding in Portfolio (as on 31st Oct,2025)

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