Nippon India Banking and PSU Debt Fund Direct-IDCW Quarterly (₹ 10.94) - NAV, Reviews & asset allocation

Nippon India's Banking & PSU Debt Fund just posted an expense ratio of 0.39% — five basis points above the category average.

That gap matters. In debt funds managing ₹5,150 crore, five basis points is ₹2.6 crore annually. The fund's 1-year return is 5.44%, 27 basis points ahead of peers. Strip out the cost delta, and the alpha shrinks to 22 basis points.

The real signal: modified duration at 2.93 years versus a category average of 2.68. The fund is carrying more interest-rate risk for marginally better returns. In a rising-rate environment, that duration mismatch can turn alpha into drag fast.

The deck walks through the mechanics — why duration matters, what the portfolio composition tells you, and where the performance edge actually comes from.

#DebtFunds #PortfolioManagement #RiskManagement #EnterpriseFinance

📩 The full weekly breakdown lands in Insurance — Daily Brief → https://amplyfy.app/wire/subscribe/19