Nippon India Passive Flexicap FoF Fund Direct Growth
Hybrid
Direct
Fund Of Funds
NAV as on 05-09-2024
₹ 21.88
1D
Inception Returns
23.7%
/yr
About the Fund
Nippon India Passive Flexicap FoF Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2021. The fund is managed by Ashutosh Bhargava. This fund gives you the benefit of diversification.
Key Parameters
- Nippon India Passive Flexicap FoF Fund Direct Growth has ₹251 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Nippon India Passive Flexicap FoF Fund Direct Growth has given a CAGR return of 23.68% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 38.77% and 17.93% respectively.
Holdings
Nippon India Passive Flexicap FoF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Energy, Consumer Defensive, Health, Utilities, Communication, Real Estate.
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 Passive Flexicap FoF Fund Direct Growth
The investment objective of the Scheme is to seek to long term capital growth by investing in units of Domestic ETFs/Index Funds. 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 5000.00 and for SIP is INR 100.00. Nippon India Passive Flexicap FoF Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.63% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹251 Cr |
| Inception Date | 1 January, 2021 |
| Min Lumpsum/SIP | ₹5000/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 11.85% |
| 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 (05-Sep-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 244.6 Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top 3 Sectors in July were Financial Services, Industrial & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Nippon India ETF Nifty 100 | 70.48% | -1.9% | |
Nippon India ETF Nifty Midcap 150 | 17.32% | -2.3% |
Nippon India Passive Flexicap FoF Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.63%
Frequently Asked Questions
Nippon India Passive Flexicap FoF Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.12% | 2.12% |
6 Month Returns | 16.54% | 16.54% |
1 Year Returns | 38.77% | 38.77% |
3 Years Returns | 64.02% | 17.93% |
5 Years Returns | 0% | 0% |
- 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.