Nippon India Medium Term Fund-IDCW: A Guide for Investors

Looking to grow your money? The Nippon India Medium Term Fund-IDCW, managed by Nippon India Mutual Fund, aims to generate income by investing in various debt and money market instruments.

This fund balances potential yield with safety and liquidity, making it a medium duration debt scheme. It was launched on June 26, 2014, and uses the CRISIL Medium Duration Debt C-III Index as its benchmark.

Key Fund Numbers You Should Know

Understanding the core figures helps you assess any investment. Here are the latest details for this fund:

• The Net Asset Value (NAV) for the IDCW option of its Regular plan was Rs 14.41 as of August 28, 2026.
• Assets Under Management (AUM) stood at Rs 149.9 crore as of July 31, 2026.
• The expense ratio for the Regular plan is 1.08%.
• The fund is categorized as ‘Debt: Medium Duration’ with a ‘Moderately High’ risk rating and an ‘Average’ return grade.

How Has the Fund Performed?

When you’re considering a debt fund, past performance gives you a glimpse into its journey. This fund shows varying returns across different timeframes.

Here’s a breakdown of its trailing returns:

• Over 1 year: 5.97%
• Over 3 years: 7.85%
• Over 5 years: 6.3%
• Since its launch: 4.37%

Getting Started with Your Investment

If you’re thinking about investing, it’s good to know the entry points. You can start with a lump sum or through a Systematic Investment Plan (SIP).

• The minimum investment required is Rs 5,000.
• Additional investments can be made starting from Rs 1,000.
• A minimum SIP investment is just Rs 100.

Keep in mind there’s an exit load of 1% if you redeem your units within 12 months of investment. The fund’s portfolio has an average maturity of 5.54 years and a duration of 3.72 years, with significant holdings in government-backed securities (36.71%) and other low-risk instruments (54.64%).

Meet the Fund Managers

The expertise behind the fund is crucial. This scheme is managed by a team of experienced professionals.

The current fund managers are:

• Kinjal Desai (managing since May 25, 2018)
• Sushil Hari Prasad Budhia (managing since Feb 01, 2020)
• Amber Singhania (managing since Mar 11, 2026)

Understanding Your Tax Implications

Tax rules for investments can sometimes feel complicated, but it’s important to know how they affect your returns. Here’s a quick guide based on when you invested:

• For investments made after April 1, 2023: Any gain you make will be added to your income and taxed at your applicable slab rate.
• For investments made before April 1, 2023: Gains from redemptions within 3 years are taxed at your slab rate. If you hold for more than 3 years, gains are taxed at 20% with indexation benefits.

Any dividend income you receive is also added to your total income and taxed according to your slab. The fund house will deduct a 10% TDS if your dividend income exceeds Rs 5,000 in a financial year.