An offset nose assembly for installing fasteners is provided that generally includes a drawbar, a swage anvil and a collet. The drawbar has three portions with the third portion transitioning from the second portion by a chamfer, the chamfer being of a preselected angle that is adapted to positively engage a chamfer of a preselected angle of a piston of a fastener installation tool. Additionally, a generally L-shaped guard assembly is provided that is disposed on the collet to cover a gap defined between the collet and the swage anvil. Also, a deflector is provided that is attached to a nut that is threadedly engaged with the rearward end of a bore in the collet, the deflector having a section of a uniform constant outside diameter that integrally transitions to a section that has an outside diameter that gradually lessens along its length.