Debt
Direct
Long Duration
NAV as on 05-09-2024
₹ 17.22
Inception Returns
9.2%
/yr
Nippon India Nivesh Lakshya Fund Direct Growth is a debt fund. This fund was started on 6 July, 2018. The fund is managed by Kinjal Desai, Pranay Sinha. This fund is suitable to keep your money safe.
Nippon India Nivesh Lakshya Fund Direct Growth has given a CAGR return of 9.21% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.95%, 7.14% and 7.08% respectively.
Nippon India Nivesh Lakshya Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 8.17% Govt Stock 2044, 8.13% Govt Stock 2045, 7.06% Govt Stock 2046, 9.23% Govt Stock 2043, 6.99% Govt Stock 2051
As it is a long duration 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 primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Nivesh Lakshya Fund Direct Growth has no lock in period.
Expense ratio | 0.3% |
Benchmark | CRISIL Composite Bond Fund TR INR |
AUM | ₹8351 Cr |
Inception Date | 6 July, 2018 |
Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 39% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (05-Sep-24)
as on (31-Dec-69)
Top Sector in July was Government
Nippon India Nivesh Lakshya Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.92% | 0.92% |
6 Month Returns | 5.27% | 5.27% |
1 Year Returns | 10.95% | 10.95% |
3 Years Returns | 22.98% | 7.14% |
5 Years Returns | 40.81% | 7.08% |
AAA | 100 |