Nippon India Income Fund Direct Growth
Debt
Direct
Medium To Long Duration
NAV as on 29-10-2024
₹ 95.02
1D
Inception Returns
8.1%
/yr
About Nippon India Income Fund Direct Growth
Nippon India Income Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai, Vivek Sharma. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Income Fund Direct Growth has ₹396 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Nippon India Income Fund Direct Growth has given a CAGR return of 8.08% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.25%, 6.69% and 6.98% respectively.
Holdings
Nippon India Income Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Cash Equivalent, Corporate. Its top holdings are 07.18 Goi 24072037, 07.18 Goi 14082033, 7.10% Govt Stock 18042028, 07.32 Goi 2030, 7.30 Goi 19062053
Taxation
As it is a medium to long duration 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.
Investment objective of Nippon India Income Fund Direct Growth
The primary investment objective of the scheme is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Income Fund Direct Growth has no lock in period.
Historical NAV & Returns
Nippon India Income Fund Direct Growth Overview
| Expense ratio | 0.67% |
Benchmark | CRISIL Composite Bond Fund TR INR |
| AUM | ₹396 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 216.06% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (29-Oct-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 427 Cr as of Sep'24
- AUM increased by 70.1 Cr between Sep'24 and Aug'24
Top 3 Sectors in September were Financial Services, Government & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 07.18 Goi 24072037 | 26% | -13.6% | |
07.18 Goi 14082033 | 16.84% | 0% | |
7.10% Govt Stock 18042028 | 11.55% | 0% | |
07.32 Goi 2030 | 10.4% | 66.7% | |
7.30 Goi 19062053 | 6.62% | 0% |
Mutual Fund Insights
Nippon India Income Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹396 Cr
Expense Ratio 0.67%
Frequently Asked Questions for Nippon India Income Fund Direct Growth
Nippon India Income Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.14% | -0.14% |
6 Month Returns | 5.43% | 5.43% |
1 Year Returns | 10.25% | 10.25% |
3 Years Returns | 21.46% | 6.69% |
5 Years Returns | 40.15% | 6.98% |
- 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 | 100 |