Nippon India Growth Fund Direct Growth

Nippon India Growth Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 29-11-2024

₹ 4415.59

0.6%

1D

Inception Returns

20%

/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

  1. Nippon India Growth Fund Direct Growth has ₹33922 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

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.

Holdings

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

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 benefit
Dividends 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

zero opening, trading, fund transfer fee
76907 people have invested ₹ 30.2Cr 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
6
/19
81% Performance
41% Risk Management
66% Cost
6 out of 19 among mid-cap
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Outperformed benchmarks during bull run
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Larger AUM within category
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5Y returns in the top 25% of the category
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No bad points found for this fund.

Nippon India Growth Fund Direct Growth Overview

Expense ratio0.79%
Benchmark
S&P BSE Midcap TR INR
AUM₹33922 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
21.75%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (29-Nov-24)

Period
Nippon India Growth Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
0.5%
-2.5%
0.4%
3M
-0.6%
-5.7%
-2.8%
6M
12.7%
4.4%
10.1%
1Y
38.7%
30.2%
35.7%
3Y
27.9%
20.9%
22.9%
5Y
29.9%
26.9%
26.2%

Fund Distribution

as on (31-Oct-24)

  • Equity 97.3%

  • Debt & Cash 2.7%

Mid cap
66.6%

Large cap
16.5%

Small cap
12.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
22.3%
Consumer Cyclical
20.3%
Industrial
17%
Health
12.3%
Tech
7.1%
Basic Materials
5.8%
Utilities
5.7%
Communication
4.4%
Consumer Defensive
3.4%
Real Estate
1.8%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-5.07%
3.36%
0.73%
Nifty Midcap 150
-6.72%
2.05%
1.01%
  • This fund’s returns stands at -5.07% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
  • This fund outperformed Nifty Midcap 150 by 1.64% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 33.9K Cr
₹ 35.2K Cr
₹ 33.7K Cr
  • AUM of the fund stands at 33.9K Cr as of Oct'24
  • AUM decreased by 1.3K Cr between Oct'24 and Sep'24
Top Stocks bought last month
BSE Ltd's allocation increased from 1.99% to 2.49%
BSE Ltd's allocation increased from 1.99% to 2.49%
Bata India Ltd's allocation increased from 0.43% to 0.72%
Bata India Ltd's allocation increased from 0.43% to 0.72%
Angel One Ltd Ordinary Shares's allocation increased from 1.01% to 1.25%
Angel One Ltd Ordinary Shares's allocation increased from 1.01% to 1.25%
Top Stocks sold last month
Cholamandalam Financial Holdings Ltd's allocation decreased from 3.19 % to 2.78 %
Cholamandalam Financial Holdings Ltd's allocation decreased from 3.19 % to 2.78 %
Power Finance Corp Ltd's allocation decreased from 2.77 % to 2.68 %
Power Finance Corp Ltd's allocation decreased from 2.77 % to 2.68 %
Voltas Ltd's allocation decreased from 2.62 % to 2.43 %
Voltas Ltd's allocation decreased from 2.62 % to 2.43 %
Mid Cap allocation has gone up from 66.5% to 66.6%
Mid Cap allocation has gone up from 66.5% to 66.6%
Large Cap allocation has gone down from 17.2% to 16.5%
Large Cap allocation has gone down from 17.2% to 16.5%
Small Cap allocation has gone up from 12.3% to 12.4%
Small Cap allocation has gone up from 12.3% to 12.4%
Cash allocation has gone down from 3.5% to 2.7%
Cash allocation has gone down from 3.5% to 2.7%

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial

Oct'24
Financial Services
22%
Consumer Cyclical
20%
Industrial
17%
Sep'24
Financial Services
22%
Consumer Cyclical
20%
Industrial
18%
  • Gainers

  • Losers

Top Growth Drivers
1M Return
BSE Ltd
BSE Ltd
7.6%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
97
96
98
Top 5 Company Concentration
13.1%
13.5%
13.3%
Company having highest exposure
Cholamandalam Financial Holdings Ltd (2.8%)
Cholamandalam Financial Holdings Ltd (3.2%)
Power Finance Corp Ltd (3.3%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
79%
77.9%
78.1%
Sector having highest exposure
Financial Services (22.3%)
Financial Services (22.2%)
Financial Services (22.6%)
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Sanjay Doshi
Sanjay Doshi
Fund Manager of Nippon India Growth Fund Direct Growth, since 1 January 2023
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Growth Fund Direct Growth, since 1 February 2019
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.29L Cr
as on 31-Oct-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

Insights icon
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 34.11% return, outperforming this fund by 4.18% per annum.
Insights icon
Over the last 1 year, this fund has decreased expense ratio by 16.0% moving from 0.94 to 0.79.
Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 37.5% return, outperforming this fund by 9.61% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 26.5% growth in AUM moving from 26.82K Cr to 33.92K Cr.
Insights icon
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 63.94% return, outperforming this fund by 25.27%.
Insights icon
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.79% which is lower than the category average expense ratio of 1.14%.

Nippon India Growth Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

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

About the fund

This fund has delivered an average annual returns of 19.96% since inception which is more than its category average return of 19.47%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.27% in Equity, 0% in Debt and 2.73% in Cash related instruments
AUM size ₹33922 Cr

AUM size ₹33922 Cr

This fund has AUM of ₹33922 Cr which is more than its category average of ₹ 9389 Cr
Expense Ratio 0.79%

Expense Ratio 0.79%

This fund has an expense ratio of 0.79% 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 ₹4415.59 as on 29-Nov-2024.
Existing (Absolute + CAGR) as on 29-Nov-2024.
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%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.79% as on November 2024
₹33922 Cr as on November 2024
Cholamandalam Financial Holdings Ltd(2.78%), Power Finance Corp Ltd(2.68%), Persistent Systems Ltd(2.66%), BSE Ltd(2.49%), Fortis Healthcare Ltd(2.44%) as on November 2024
Financial Services(21.67%), Consumer Cyclical(19.74%), Industrial(16.53%) as on November 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
5.42
4.6
2.78
As on November 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
0.94
0.9
0.93
As on November 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
1.89
1.37
1.13
As on November 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
13.83
14.37
20.91
As on November 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 2.88 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.08 as on November 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%