Nippon India Nifty Auto Index Fund Direct Growth

Nippon India Nifty Auto Index Fund Direct Growth is a debt fund. This fund was started on 10 December, 2024. The fund is managed by . This fund is suitable to keep your money safe.

1. Nippon India Nifty Auto Index Fund Direct Growth has ₹0 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.
   

Nippon India Nifty Auto Index Fund Direct Growth has given a CAGR return of -4.34% since inception.

Nippon India Nifty Auto Index Fund Direct Growth has allocated its funds majorly in . Its top holdings are

As it is a index funds - fixed income mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

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 Auto Index before expenses, subject to tracking errors. However, there is no assurance 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 Auto Index Fund Direct Growth has no lock in period.