Equity
Direct
Index Funds
NAV as on 05-09-2024
₹ 17.95
1D
Inception Returns
33.8%
/yr
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.
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%.
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
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 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 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.
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 |
as on (31-Jul-24)
Top 3 Sectors in July were Consumer Cyclical, Consumer Defensive & Health
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% |
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 | - | - |