Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth
Hybrid
Direct
Fund Of Funds
NAV as on 19-11-2024
₹ 25.33
▲0.5%
1D
Inception Returns
17.7%
/yr
About Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth
Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth is a hybrid fund. This fund was started on 8 March, 2019. The fund is managed by Mehul Dama. This fund gives you the benefit of diversification.
Key Parameters
- Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth has ₹498 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth has given a CAGR return of 17.70% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 45.05%, 16.40% and 19.72% respectively.
Holdings
Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Utilities, Consumer Cyclical, Consumer Defensive, Health, Energy, Real Estate, Communication, Tech.
Taxation
As it is a fund of funds 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth
The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Nippon India ETF Nifty Next 50 Junior BeES by investing in units of Nippon India ETF Nifty Next 50 Junior BeES. 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 100.00 and for SIP is INR 100.00. Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth has no lock in period.
Historical NAV & Returns
Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth Overview
| Expense ratio | 0.3% |
Benchmark | IISL Nifty Next 50 TR INR |
| AUM | ₹498 Cr |
| Inception Date | 8 March, 2019 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 11.75% |
| 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 |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 498.2 Cr as of Oct'24
- AUM decreased by 26.4 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Nippon India ETF Nifty Next 50 Jr BeES | 99.94% | 4.4% |
Mutual Fund Insights
Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹498 Cr
Expense Ratio 0.3%
Frequently Asked Questions for Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth
Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -8.76% | -8.76% |
6 Month Returns | 1.27% | 1.27% |
1 Year Returns | 45.05% | 45.05% |
3 Years Returns | 57.69% | 16.4% |
5 Years Returns | 145.96% | 19.72% |
- 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.