Hybrid
Direct
Equity Savings
NAV as on 04-09-2024
₹ 16.95
Inception Returns
5.9%
/yr
Nippon India Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 30 May, 2015. The fund is managed by Dhrumil Shah, Kinjal Desai, Sushil Budhia, Anand Gupta. This fund gives you the benefit of diversification.
Nippon India Equity Savings Fund Direct Growth has given a CAGR return of 5.86% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 14.17%, 9.09% and 6.28% respectively.
Nippon India Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Basic Materials, Energy, Industrial, Tech, Consumer Defensive, Consumer Cyclical, 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 benefitGains 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.
Expense ratio | 0.74% |
Benchmark | NIFTY Equity Savings TR INR |
AUM | ₹531 Cr |
Inception Date | 30 May, 2015 |
Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 631.15% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Moderate Risk |
as on (04-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Basic Materials & Government
Nippon India Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.91% | 0.91% |
6 Month Returns | 6.7% | 6.7% |
1 Year Returns | 14.17% | 14.17% |
3 Years Returns | 29.82% | 9.09% |
5 Years Returns | 35.6% | 6.28% |
AAA | 88.56 |
AA | 11.44 |