Nippon India Growth Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 19-11-2024
₹ 4301.67
▲1%
1D
Inception Returns
19.7%
/yr
About Nippon India Growth Fund Direct Growth
Nippon India Growth Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Sanjay Doshi, Kinjal Desai. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Growth Fund Direct Growth has ₹33922 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
Nippon India Growth Fund Direct Growth has given a CAGR return of 19.75% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.63%, 24.04% and 29.76% respectively.
Holdings
Nippon India Growth Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Tech, Basic Materials, Utilities, Communication, Consumer Defensive, Real Estate. Its top holdings are Cholamandalam Financial Holdings Ltd, Power Finance Corp Ltd, Persistent Systems Ltd, BSE Ltd, Fortis Healthcare Ltd
Taxation
As it is a mid-cap mutual fund the taxation is as follows: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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Nippon India Growth Fund Direct Growth
The primary investment objective of the Scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Nippon India Growth Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
74908 people have invested ₹ 29.4Cr in Nippon India Growth Fund Direct Growth in the last three months
INDmoney Rank for Nippon India Growth Fund Direct Growth
Powered by IND quant engine
6
/19
81% Performance
41% Risk Management
66% Cost
6 out of 19 among mid-cap
Outperformed benchmarks during bull run
Larger AUM within category
5Y returns in the top 25% of the category
No bad points found for this fund.
Nippon India Growth Fund Direct Growth Overview
| Expense ratio | 0.79% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹33922 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 21.75% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Mid cap
66.6%
Large cap
16.5%
Small cap
12.4%
Sector Allocation
Financial Services
22.3%
Consumer Cyclical
20.3%
Industrial
17%
Health
12.3%
Tech
7.1%
Basic Materials
5.8%
Utilities
5.7%
Communication
4.4%
Consumer Defensive
3.4%
Real Estate
1.8%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.07% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
- This fund outperformed Nifty Midcap 150 by 1.64% in Oct'24
- AUM of the fund stands at 33.9K Cr as of Oct'24
- AUM decreased by 1.3K Cr between Oct'24 and Sep'24
Top Stocks bought last month
BSE Ltd's allocation increased from 1.99% to 2.49%
Bata India Ltd's allocation increased from 0.43% to 0.72%
Angel One Ltd Ordinary Shares's allocation increased from 1.01% to 1.25%
Top Stocks sold last month
Cholamandalam Financial Holdings Ltd's allocation decreased from 3.19 % to 2.78 %
Power Finance Corp Ltd's allocation decreased from 2.77 % to 2.68 %
Voltas Ltd's allocation decreased from 2.62 % to 2.43 %
Large Cap allocation has gone down from 17.2% to 16.5%
Small Cap allocation has gone up from 12.3% to 12.4%
Mid Cap allocation has gone up from 66.5% to 66.6%
Cash allocation has gone down from 3.5% to 2.7%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
Oct'24
Financial Services
22%
Consumer Cyclical
20%
Industrial
17%
Sep'24
Financial Services
22%
Consumer Cyclical
20%
Industrial
18%
See all
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Sanjay Doshi
Fund Manager of Nippon India Growth Fund Direct Growth, since 1 January 2023
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Growth Fund Direct Growth, since 1 February 2019
Top funds managed
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.29L Cr
as on 31-Oct-2024
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in
Mutual Fund Insights
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.79% which is lower than the category average expense ratio of 1.14%.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 33.16% return, outperforming this fund by 3.4% per annum.
Over the last 6 months, this fund has experienced a 26.5% growth in AUM moving from 26.82K Cr to 33.92K Cr.
Over the last 1 year, this fund has decreased expense ratio by 16.0% moving from 0.94 to 0.79.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 33.45% return, outperforming this fund by 9.41% per annum.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 59.09% return, outperforming this fund by 21.45%.
Nippon India Growth Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 19.75% since inception which is more than its category average return of 18.83%
Fund Allocations
This fund has an allocation of 97.27% in Equity, 0% in Debt and 2.73% in Cash related instruments
AUM size ₹33922 Cr
This fund has AUM of ₹33922 Cr which is more than its category average of ₹ 9389 Cr
Expense Ratio 0.79%
This fund has an expense ratio of 0.79% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for Nippon India Growth Fund Direct Growth
The current NAV of Nippon India Growth Fund Direct Growth is ₹4301.67 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
Nippon India Growth Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.68% | -5.68% |
6 Month Returns | 10.75% | 10.75% |
1 Year Returns | 37.63% | 37.63% |
3 Years Returns | 90.85% | 24.04% |
5 Years Returns | 267.84% | 29.76% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.79% as on October 2024
₹33922 Cr as on October 2024
Cholamandalam Financial Holdings Ltd(2.78%), Power Finance Corp Ltd(2.68%), Persistent Systems Ltd(2.66%), BSE Ltd(2.49%), Fortis Healthcare Ltd(2.44%) as on October 2024
Financial Services(21.67%), Consumer Cyclical(19.74%), Industrial(16.53%) as on October 2024
The alpha ratio for the Nippon India Growth Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Growth Fund Direct Growth | 5.56 | 3.66 | 2.91 |
As on October 2024
The alpha for Nippon India Growth Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Nippon India Growth Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Growth Fund Direct Growth | 0.96 | 0.91 | 0.93 |
As on October 2024
The Beta for Nippon India Growth Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Nippon India Growth Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Growth Fund Direct Growth | 2.31 | 1.27 | 1.15 |
As on October 2024
The sharpe ratio for Nippon India Growth Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Nippon India Growth Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Growth Fund Direct Growth | 15.41 | 14.66 | 20.9 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.6 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.76 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Sanjay Doshi, Kinjal Desai are the fund managers of Nippon India Growth Fund Direct Growth
The Exit load of Nippon India Growth Fund Direct Growth is 1%