Nippon India Nifty 500 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 18-10-2024
₹ 9.81
Inception Returns
/yr
About Nippon India Nifty 500 Equal Weight Index Fund Direct Growth
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 10 September, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Nifty 500 Equal Weight Index Fund Direct Growth has ₹421 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth has given a CAGR return of -1.87% since inception.
Holdings
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Basic Materials, Consumer Cyclical, Health, Tech, Consumer Defensive, Utilities, Communication, Energy, Real Estate. Its top holdings are Shree Renuka Sugars Ltd, BASF India Ltd, Hitachi Energy India Ltd Ordinary Shares, Bharat Petroleum Corp Ltd, PCBL Ltd
Taxation
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.
Investment objective of Nippon India Nifty 500 Equal Weight Index Fund Direct Growth
The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Equal Weight Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Nippon India Nifty 500 Equal Weight Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth Overview
| Expense ratio | 0.35% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹421 Cr |
| Inception Date | 10 September, 2024 |
| Min Lumpsum/SIP | ₹1000/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 0% |
| 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 |
Fund Distribution
as on (30-Sep-24)
Top Growth Drivers | 1M Return |
|---|---|
 JM Financial Ltd | 29.8% |
 BSE Ltd | 15.2% |
 Gujarat Fluorochemicals Ltd | 12.7% |
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth Highlights
Very High Risk
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.35%
Frequently Asked Questions for Nippon India Nifty 500 Equal Weight Index Fund Direct Growth
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.12% | -2.12% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
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