Nippon India Equity Savings Fund Direct Growth
Hybrid
Direct
Equity Savings
NAV as on 21-11-2024
₹ 16.89
1D
Inception Returns
5.6%
/yr
About 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 Dhrumil Shah, Kinjal Desai, Sushil Budhia, Anand Gupta. This fund gives you the benefit of diversification.
Key Parameters
- Nippon India Equity Savings Fund Direct Growth has ₹718 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Nippon India Equity Savings Fund Direct Growth has given a CAGR return of 5.62% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.45%, 8.28% and 6.35% respectively.
Holdings
Nippon India Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Basic Materials, Energy, Industrial, Corporate, Consumer Cyclical, Tech, Utilities, Consumer Defensive, Health, Communication, Real Estate.
Taxation
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).
Investment objective of Nippon India Equity Savings Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
INDmoney Rank for Nippon India Equity Savings Fund Direct Growth
Nippon India Equity Savings Fund Direct Growth Overview
| Expense ratio | 0.74% |
Benchmark | NIFTY Equity Savings TR INR |
| AUM | ₹718 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 |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
- AUM of the fund stands at 718.4 Cr as of Oct'24
- AUM increased by 60.3 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Government & Basic Materials
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 5.39% | 106.9% | |
 Reliance Industries Ltd | 4.8% | 40.8% | |
 Larsen & Toubro Ltd | 4.01% | 0% | |
 HDFC Bank Ltd | 3.97% | 0% | |
 Coal India Ltd | 3.15% | 0% |
Mutual Fund Insights
Nippon India Equity Savings Fund Direct Growth Highlights
Moderate Risk
About the fund
Fund Allocations
AUM size ₹718 Cr
Expense Ratio 0.74%
Frequently Asked Questions for Nippon India Equity Savings Fund Direct Growth
Nippon India Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.15% | -1.15% |
6 Month Returns | 3.35% | 3.35% |
1 Year Returns | 11.45% | 11.45% |
3 Years Returns | 26.94% | 8.28% |
5 Years Returns | 36.04% | 6.35% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 88.34 |
AA | 11.66 |