Nippon India Multi Asset Allocation Fund Direct Growth

Nippon India Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 28 August, 2020. The fund is managed by Vikram Dhawan, Sushil Budhia, Kinjal Desai, Ashutosh Bhargava. This fund gives you the benefit of diversification.

1. Nippon India Multi Asset Allocation Fund Direct Growth has ₹4950 Cr worth of assets under management (AUM) as on Jan 2025 and is more than category average.
2. The fund has an expense ratio 0.3.
   

Nippon India Multi Asset Allocation Fund Direct Growth has given a CAGR return of 18.10% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 14.40% and 16.50% respectively.

Nippon India Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Corporate, Financial Services, Government, Cash Equivalent, Tech, Consumer Cyclical, Industrial, Health, Consumer Defensive, Energy, Utilities, Basic Materials, Communication, Real Estate, Derivatives.

As it is a multi asset allocation 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The primary investment objective of Nippon India Multi Asset Allocation Fund is to seek long term capital growth by investing in equity and equity related securities, debt & money market instruments and Exchange Traded Commodity Derivatives and Gold ETF, Silver ETF as permitted by SEBI from time to time. 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 Multi Asset Allocation Fund Direct Growth has no lock in period.