Equity
Direct
Index Funds
NAV as on 06-09-2024
₹ 44.97
1D
Inception Returns
13.9%
/yr
Nippon India Index Fund Nifty 50 Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Mehul Dama. The fund could potentially beat inflation in the long-run.
Nippon India Index Fund Nifty 50 Direct Growth has given a CAGR return of 13.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 27.82%, 13.71% and 18.79% respectively.
Nippon India Index Fund Nifty 50 Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Energy, Consumer Cyclical, Consumer Defensive, Basic Materials, Industrial, Health, Communication, Utilities. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Infosys Ltd, ITC Ltd
As it is a index funds 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.
The primary investment objective of the scheme is to replicate the composition of the Nifty 50, with a view to generate returns that are commensurate with the performance of the Nifty 50, subject to tracking errors.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Nippon India Index Fund Nifty 50 Direct Growth has no lock in period.
Expense ratio | 0.2% |
Benchmark | IISL Nifty 50 TR INR |
AUM | ₹1905 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0.2% |
Lock In | No Lock-in |
TurnOver | 13.14% |
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 |
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Energy & Tech
Nippon India Index Fund Nifty 50 Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.73% | 3.73% |
6 Month Returns | 11.29% | 11.29% |
1 Year Returns | 27.82% | 27.82% |
3 Years Returns | 47.04% | 13.71% |
5 Years Returns | 136.49% | 18.79% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Index Fund Nifty 50 Direct Growth | -0.28 | -0.27 | -0.28 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Index Fund Nifty 50 Direct Growth | 1 | 1 | 0.99 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Index Fund Nifty 50 Direct Growth | 2.05 | 0.73 | 0.77 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Index Fund Nifty 50 Direct Growth | 10.66 | 12.2 | 18.31 |