Hybrid
Direct
Fund Of Funds
NAV as on 04-09-2024
₹ 28.2
▲0.1%
1D
Inception Returns
20.7%
/yr
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.
Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth has given a CAGR return of 20.73% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 68.57%, 21.61% and 24.30% respectively.
Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Consumer Defensive, Utilities, Energy, Real Estate, Communication, Health.
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).
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 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.
Expense ratio | 0.28% |
Benchmark | IISL Nifty Next 50 TR INR |
AUM | ₹482 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 |
as on (04-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Financial Services, Industrial & Basic Materials
Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.64% | 2.64% |
6 Month Returns | 26.99% | 26.99% |
1 Year Returns | 68.57% | 68.57% |
3 Years Returns | 79.84% | 21.61% |
5 Years Returns | 196.69% | 24.3% |