Nippon India Equity Savings Fund Direct Growth

Nippon India Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 30 May, 2015. The fund is managed by Ashutosh Bhargava, Sushil Budhia, Dhrumil Shah, Anand Gupta, Kinjal Desai. This fund gives you the benefit of diversification.

1. Nippon India Equity Savings Fund Direct Growth has ₹713 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
2. The fund has an expense ratio 0.7.
   

Nippon India Equity Savings Fund Direct Growth has given a CAGR return of 5.68% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.79%, 9.24% and 6.60% respectively.

Nippon India Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Basic Materials, Energy, Corporate, Consumer Cyclical, Tech, Industrial, Consumer Defensive, Utilities, Health, Communication, Real Estate.

As it is a equity savings mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The primary investment objective of this fund is to generate income and capital appreciation by investing in arbitrage opportunities & pure equity investments along with investments in debt securities & money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Equity Savings Fund Direct Growth has no lock in period.