Nippon India Equity Savings Direct Growth

Nippon India Equity Savings Direct Growth

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Hybrid
Direct
Equity Savings
NAV: ₹ 16.02 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
90 people have invested ₹ 8L in Nippon India Equity Savings Direct Growth in the last three months

Mutual Fund Insights

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In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 15.01% return, outperforming this fund by 4.79% per annum.
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This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.06%.
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In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 23.59% return, outperforming this fund by 10.84%.
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Over the last 6 months, this fund has experienced a 34.4% growth in AUM moving from 302.95 Cr to 407.21 Cr.
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In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.5% return, outperforming this fund by 9.77% per annum.

About the Nippon India Equity Savings Direct Growth

Nippon India Equity Savings Direct Growth is a hybrid fund. This fund was started on 30 May, 2015. The fund is managed by Sushil Budhia, Anand Gupta, Dhrumil Shah, Kinjal Desai. This fund gives you the benefit of diversification.

Key Parameters

  1. Nippon India Equity Savings Direct Growth has ₹407 Cr worth of assets under management (AUM) as on Feb 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Nippon India Equity Savings Direct Growth Overview

Expense ratio
Expense ratio
0.61%
Benchmark
Benchmark
NIFTY Equity Savings TR INR
AUM
AUM
₹407 Cr
Inception Date
Inception Date
30 May, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
558.45%

Nippon India Equity Savings Direct Growth Distribution as on (29-Feb-24)

  • Equity 25%

  • Debt & Cash 75%

Size breakup

Large cap
70.5%
Mid cap
2.9%
Sector Allocation

Feb'24

Jan'24

Dec'23

Financial Services
25.2%
Basic Materials
16.3%
Energy
15%
Industrial
9.3%
Tech
8.8%
Consumer Defensive
8.4%
Consumer Cyclical
6.1%
Utilities
5.3%
Health
2.4%
Communication
2.2%
Real Estate
1%

Top Holdings of Nippon India Equity Savings Direct Growth as on (31-Mar-24)

  • Equity

  • Debt & Cash

Equity Holdings43
Debt Holdings8

Nippon India Equity Savings Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Feb'24
Jan'24
Dec'23
AUM
₹ 410.5 Cr
₹ 384.5 Cr
₹ 346 Cr
  • AUM of the fund stands at 410.5 Cr as of Feb'24
  • AUM increased by 26 Cr between Feb'24 and Jan'24
Fund Portfolio Changes

Nippon India Equity Savings Direct Growth Fund Manager

Sushil Budhia
Sushil Budhia
Fund Manager of Nippon India Equity Savings Direct Growth, since 1 February 2020
Anand Gupta
Anand Gupta
Fund Manager of Nippon India Equity Savings Direct Growth, since 12 September 2018
Dhrumil Shah
Dhrumil Shah
Fund Manager of Nippon India Equity Savings Direct Growth, since 10 September 2021
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Equity Savings Direct Growth, since 25 May 2018

Nippon India Equity Savings Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5.46% since inception which is less than its category average return of 8.02%
Fund Allocations

Fund Allocations

This fund has an allocation of 25.01% in Equity, 18.52% in Debt and 56.47% in Cash related instruments
AUM size ₹407 Cr

AUM size ₹407 Cr

This fund has AUM of ₹407 Cr which is less than its category average of ₹ 1216 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.16%

Frequently Asked Questions

The current NAV of Nippon India Equity Savings Direct Growth is ₹16.02 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
Nippon India Equity Savings Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.83%
0.83%
6 Month Returns
6.88%
6.88%
1 Year Returns
12.76%
12.76%
3 Years Returns
33.88%
10.21%
5 Years Returns
20.11%
3.73%
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0.61% as on March 2024
₹407 Cr as on March 2024
Larsen & Toubro Ltd(6.9%), HDFC Bank Ltd(6.29%), 7.26% Govt Stock 2033(6.21%), Coal India Ltd(5.33%), Reliance Industries Ltd(5.25%) as on March 2024
Cash Equivalent(57.37%), Government(14.12%), Financial Services(6.43%) as on March 2024
AAA
93.35
AA
6.65
Sushil Budhia, Anand Gupta, Dhrumil Shah, Kinjal Desai are the fund managers of Nippon India Equity Savings Direct Growth
The Exit load of Nippon India Equity Savings Direct Growth is 1%