Equity
Direct
Mid-Cap
NAV as on 29-11-2024
₹ 4415.59
▲0.6%
1D
Inception Returns
20%
/yr
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.
Nippon India Growth Fund Direct Growth has given a CAGR return of 19.96% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.67%, 27.89% and 29.93% respectively.
Nippon India Growth Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Tech, Basic Materials, Utilities, Communication, Consumer Defensive, Real Estate. Its top holdings are Cholamandalam Financial Holdings Ltd, Power Finance Corp Ltd, Persistent Systems Ltd, BSE Ltd, Fortis Healthcare Ltd
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.
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 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.
Expense ratio | 0.79% |
Benchmark | S&P BSE Midcap TR INR |
AUM | ₹33922 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 |
as on (29-Nov-24)
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
Nippon India Growth Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.49% | 0.49% |
6 Month Returns | 12.7% | 12.7% |
1 Year Returns | 38.67% | 38.67% |
3 Years Returns | 109.16% | 27.89% |
5 Years Returns | 270.26% | 29.93% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Growth Fund Direct Growth | 5.42 | 4.6 | 2.78 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Growth Fund Direct Growth | 0.94 | 0.9 | 0.93 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Growth Fund Direct Growth | 1.89 | 1.37 | 1.13 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Growth Fund Direct Growth | 13.83 | 14.37 | 20.91 |