Nippon India Growth Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 21-10-2024
₹ 4506.21
1D
Inception Returns
20.4%
/yr
About Nippon India Growth Fund Direct Growth
Nippon India Growth Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Sanjay Doshi, Kinjal Desai. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Growth Fund Direct Growth has ₹35209 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
Nippon India Growth Fund Direct Growth has given a CAGR return of 20.37% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 51.23%, 26.48% and 31.66% respectively.
Holdings
Nippon India Growth Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Tech, Utilities, Basic Materials, Communication, Consumer Defensive, Real Estate. Its top holdings are Cholamandalam Financial Holdings Ltd, Power Finance Corp Ltd, Voltas Ltd, Persistent Systems Ltd, Fortis Healthcare Ltd
Taxation
As it is a mid-cap mutual fund the taxation is as follows: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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Nippon India Growth Fund Direct Growth
The primary investment objective of the Scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Nippon India Growth Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
69381 people have invested ₹ 28.6Cr in Nippon India Growth Fund Direct Growth in the last three months
INDmoney Rank for Nippon India Growth Fund Direct Growth
Powered by IND quant engine
5
/19
73% Performance
36% Risk Management
64% Cost
5 out of 19 among mid-cap
Outperformed benchmarks during bull run
Larger AUM within category
5Y returns in the top 25% of the category
No bad points found for this fund.
Nippon India Growth Fund Direct Growth Overview
| Expense ratio | 0.77% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹35209 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 21.75% |
| 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 (21-Oct-24)
Fund Distribution
as on (30-Sep-24)
Mid cap
66.5%
Large cap
17.2%
Small cap
12.3%
Sector Allocation
Financial Services
22.2%
Consumer Cyclical
19.5%
Industrial
17.7%
Health
12%
Tech
6.6%
Utilities
6.1%
Basic Materials
5.8%
Communication
4.7%
Consumer Defensive
3.4%
Real Estate
2%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 3.36% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 2.05% as on Sep'24
- This fund outperformed Nifty Midcap 150 by 1.30% in Sep'24
- AUM of the fund stands at 35.2K Cr as of Sep'24
- AUM increased by 1.5K Cr between Sep'24 and Aug'24
Top Stocks bought last month
Tube Investments of India Ltd Ordinary Shares's allocation increased from 0.96% to 1.59%
Cholamandalam Financial Holdings Ltd's allocation increased from 2.61% to 3.19%
BSE Ltd's allocation increased from 1.68% to 1.99%
Top Stocks sold last month
Power Finance Corp Ltd's allocation decreased from 3.26 % to 2.77 %
The Federal Bank Ltd's allocation decreased from 2.31 % to 2.24 %
Prestige Estates Projects Ltd's allocation decreased from 2 % to 1.95 %
Small Cap allocation has gone down from 12.7% to 12.3%
Mid Cap allocation has gone down from 66.9% to 66.5%
Large Cap allocation has gone down from 17.5% to 17.2%
Cash allocation has gone up from 2.7% to 3.5%
Top 3 Sectors in September were Financial Services, Consumer Cyclical & Industrial
Sep'24
Financial Services
22%
Consumer Cyclical
20%
Industrial
18%
Aug'24
Financial Services
23%
Consumer Cyclical
20%
Industrial
18%
Top Growth Drivers | 1M Return |
|---|---|
 BSE Ltd | 8.7% |
 Gujarat Fluorochemicals Ltd | 6.8% |
Loading...
We are taking more time than usual
Sanjay Doshi
Fund Manager of Nippon India Growth Fund Direct Growth, since 1 January 2023
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Growth Fund Direct Growth, since 1 February 2019
Top funds managed
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.07L Cr
as on 30-Sep-2024
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in
Mutual Fund Insights
Over the last 1 year, this fund has decreased expense ratio by 18.1% moving from 0.94 to 0.77.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.77% which is lower than the category average expense ratio of 1.13%.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 69.89% return, outperforming this fund by 18.66%.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 36.21% return, outperforming this fund by 9.73% per annum.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 36.79% return, outperforming this fund by 5.13% per annum.
Over the last 6 months, this fund has experienced a 42.0% growth in AUM moving from 24.79K Cr to 35.20K Cr.
Nippon India Growth Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 20.37% since inception which is more than its category average return of 19.85%
Fund Allocations
This fund has an allocation of 96.52% in Equity, 0% in Debt and 3.48% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 9762 Cr
Expense Ratio 0.77%
This fund has an expense ratio of 0.77% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for Nippon India Growth Fund Direct Growth
The current NAV of Nippon India Growth Fund Direct Growth is ₹4506.21 as on 21-Oct-2024.
Existing (Absolute + CAGR) as on 21-Oct-2024.
Nippon India Growth Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.36% | -2.36% |
6 Month Returns | 25.17% | 25.17% |
1 Year Returns | 51.23% | 51.23% |
3 Years Returns | 102.32% | 26.48% |
5 Years Returns | 295.58% | 31.66% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.77% as on September 2024
₹35209 Cr as on September 2024
Cholamandalam Financial Holdings Ltd(3.19%), Power Finance Corp Ltd(2.77%), Voltas Ltd(2.62%), Persistent Systems Ltd(2.6%), Fortis Healthcare Ltd(2.32%) as on September 2024
Financial Services(21.38%), Consumer Cyclical(18.85%), Industrial(17.09%) as on September 2024
The alpha ratio for the Nippon India Growth Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Growth Fund Direct Growth | 6.25 | 3.48 | 2.22 |
As on September 2024
The alpha for Nippon India Growth Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Nippon India Growth Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Growth Fund Direct Growth | 0.95 | 0.91 | 0.93 |
As on September 2024
The Beta for Nippon India Growth Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Nippon India Growth Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Growth Fund Direct Growth | 2.78 | 1.47 | 1.24 |
As on September 2024
The sharpe ratio for Nippon India Growth Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Nippon India Growth Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Growth Fund Direct Growth | 13.82 | 14.07 | 20.62 |
As on September 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 3.25 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.67 as on September 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Sanjay Doshi, Kinjal Desai are the fund managers of Nippon India Growth Fund Direct Growth
The Exit load of Nippon India Growth Fund Direct Growth is 1%