Nippon India CRISIL IBX AAA Financial Svcs Jan 2028 Idx Fd Dir Fund Direct Growth

Nippon India CRISIL IBX AAA Financial Svcs Jan 2028 Idx Fd Dir Fund Direct Growth is a debt fund. This fund was started on 25 October, 2024. The fund is managed by Vivek Sharma, Siddharth Deb. This fund is suitable to keep your money safe.

1. Nippon India CRISIL IBX AAA Financial Svcs Jan 2028 Idx Fd Dir Fund Direct Growth has ₹164 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.2.
   

Nippon India CRISIL IBX AAA Financial Svcs Jan 2028 Idx Fd Dir Fund Direct Growth has given a CAGR return of 1.36% since inception.

Nippon India CRISIL IBX AAA Financial Svcs Jan 2028 Idx Fd Dir Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are Mahindra & Mahindra Financial Services Ltd, HDB Financial Services Ltd. 7.96%, LIC Housing Finance Ltd, ICICI Home Finance Company Limited, Tata Capital Housing Finance Limited

As it is a index funds - fixed income mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

The investment objective of the scheme is to provide investment returns that are commensurate with the total returns of the securities as represented by the CRISIL-IBX AAA Financial Services Index – Jan 2028 before expenses, subject to tracking errors.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Nippon India CRISIL IBX AAA Financial Svcs Jan 2028 Idx Fd Dir Fund Direct Growth has no lock in period.