Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 05-09-2024
₹ 17.95
1D
Inception Returns
33.8%
/yr
About the Fund
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth is an equity fund. This fund was started on 19 August, 2022. The fund is managed by Mehul Dama. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth has ₹731 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth has given a CAGR return of 33.82% since inception. Over the last 1 year the fund has given a CAGR return of 56.02%.
Holdings
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Consumer Defensive, Health, Financial Services, Industrial, Basic Materials, Energy, Communication, Utilities. Its top holdings are Sun Pharmaceuticals Industries Ltd, Bharti Airtel Ltd, ICICI Bank Ltd, ITC Ltd, Lupin 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 Alpha Low Volatility 30 Index Fund Direct Growth
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Alpha Low Volatility 30 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee 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 Alpha Low Volatility 30 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.35% |
Benchmark | Nifty Alpha Low-Volatility 30 TR INR |
| AUM | ₹731 Cr |
| Inception Date | 19 August, 2022 |
| Min Lumpsum/SIP | ₹1000/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 58.67% |
| 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 (31-Jul-24)
- This fund’s returns stands at 6.51% whereas the fund’s underlying benchmark Nifty 50 returns stands at 3.35% as on Jul'24
- This fund outperformed Nifty 50 by 3.16% in Jul'24
- AUM of the fund stands at 363 Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top 3 Sectors in July were Consumer Cyclical, Consumer Defensive & Health
Top Growth Drivers | 1M Return |
|---|---|
 Lupin Ltd | 16.9% |
 Bajaj Auto Ltd | 15.6% |
 Sun Pharmaceuticals Industries Ltd | 6.5% |
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.35%
Frequently Asked Questions
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.76% | 4.76% |
6 Month Returns | 16.31% | 16.31% |
1 Year Returns | 56.02% | 56.02% |
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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth | -0.31 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth | 0.99 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth | 3.45 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth | 11.77 | - | - |