Nippon India Growth Fund Direct Growth

Equity
Direct
Mid-Cap
Nippon India Growth Fund Direct Growth

About the Fund

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 ₹30839 Cr worth of assets under management (AUM) as on Jun 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 20.47% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 59.95%, 30.76% and 30.15% respectively.

Holdings

Nippon India Growth Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Basic Materials, Tech, Utilities, Communication, Consumer Defensive, Real Estate. Its top holdings are Power Finance Corp Ltd, Cholamandalam Financial Holdings Ltd, Supreme Industries Ltd, Prestige Estates Projects Ltd, Persistent Systems 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.

Fund Performance
zero opening, trading, fund transfer fee
45740 people have invested ₹ 22.3Cr in Nippon India Growth Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
4
/19
72% Performance
36% Risk Management
64% Cost
4 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.

Fund Overview

Expense ratio0.81%
Benchmark
S&P BSE Midcap TR INR
AUM₹30839 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
59.02%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.4%

  • Debt & Cash 1.6%

Mid cap
66.9%

Large cap
17.9%

Small cap
13.3%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
22.4%
Consumer Cyclical
21.1%
Industrial
20%
Health
10.6%
Basic Materials
6.2%
Utilities
5.1%
Tech
5%
Communication
3.9%
Consumer Defensive
3.5%
Real Estate
2.2%
All changes are between Apr'24 and Jun'24

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

Mutual Fund Insights

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This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.81% which is lower than the category average expense ratio of 1.15%.
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In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 72.27% return, outperforming this fund by 12.32%.
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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 38.63% return, outperforming this fund by 8.48% per annum.
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Over the last 3 months, this fund has experienced a 24.4% growth in AUM moving from 24.79K Cr to 30.83K Cr.
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In the last 3 years, Motilal Oswal Midcap Direct Growth has given 40.62% return, outperforming this fund by 9.86% per annum.
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Over the last 1 year, this fund has decreased expense ratio by 18.2% moving from 0.99 to 0.81.

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 20.47% since inception which is less than its category average return of 20.73%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.44% in Equity, 0% in Debt and 1.56% in Cash related instruments
AUM size ₹30839 Cr

AUM size ₹30839 Cr

This fund has AUM of ₹30839 Cr which is more than its category average of ₹ 8621 Cr
Expense Ratio 0.81%

Expense Ratio 0.81%

This fund has an expense ratio of 0.81% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions

The current NAV of Nippon India Growth Fund Direct Growth is ₹4322.61 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Nippon India Growth Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.3%
5.3%
6 Month Returns
22.68%
22.68%
1 Year Returns
59.95%
59.95%
3 Years Returns
123.56%
30.76%
5 Years Returns
273.43%
30.15%
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.
0.81% as on June 2024
₹30839 Cr as on June 2024
Power Finance Corp Ltd(3.3%), Cholamandalam Financial Holdings Ltd(2.89%), Supreme Industries Ltd(2.33%), Prestige Estates Projects Ltd(2.29%), Persistent Systems Ltd(2.2%) as on June 2024
Financial Services(21.97%), Consumer Cyclical(20.37%), Industrial(19.08%) as on June 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
3.39
4.13
2.11
As on June 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 June 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
3.05
1.59
1.09
As on June 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
13.38
14.39
21.08
As on June 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 3.61 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.7 as on June 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%