Nippon India Growth Fund - Direct Plan - Growth

Nippon India Growth Fund - Direct Plan - Growth

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Equity
Direct
Mid-Cap
NAV: ₹ 3331.1 as on 08-12-2023
Fund Performance
zero opening, trading, fund transfer fee
16906 people have invested ₹ 10.4Cr in Nippon India Growth Fund - Direct Plan - Growth in the last three months

Mutual Fund Insights

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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 29.19% return, outperforming this fund by 3.85% per annum.
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Over the last 6 months, this fund has experienced a 41.0% growth in AUM moving from 15.16K Cr to 21.38K Cr.
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Over the last 3 months, this fund has decreased expense ratio by 23.5% moving from 1.15 to 0.88.
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In the last 3 years, Quant Mid Cap Fund Growth Option Direct Plan has given 36.83% return, outperforming this fund by 4.39% per annum.
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In the last 1 year, Mahindra Manulife Mid Cap Fund Direct Growth has given 38.5% return, outperforming this fund by 0.24%.
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This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.88% which is lower than the category average expense ratio of 1.21%.

INDmoney Rank of Nippon India Growth Fund - Direct Plan - Growth

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4
/19
90% Performance
47% Risk Management
52% Cost
4 out of 19 among mid-cap

Pros

Generated Consistent Returns
Outperformed benchmarks during bull run
Larger AUM within category

Cons

No bad points found for this fund.

About the Nippon India Growth Fund - Direct Plan - Growth

Nippon India Growth Fund - Direct Plan - 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 Plan - Growth has ₹21380 Cr worth of assets under management (AUM) as on Oct 2023 and is more than category average.
  2. The fund has an expense ratio 0.9.

Nippon India Growth Fund - Direct Plan - Growth Overview

Expense ratio
Expense ratio
0.88%
Benchmark
Benchmark
S&P BSE Midcap TR INR
AUM
AUM
₹21380 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
59.02%

Nippon India Growth Fund - Direct Plan - Growth Distribution as on (31-Oct-23)

  • Equity 97%

  • Debt & Cash 3%

Size breakup

Mid cap
67.7%
Large cap
17.2%
Small cap
12.1%
Sector Allocation

Oct'23

Sep'23

Aug'23

Financial Services
26.9%
Industrial
18%
Consumer Cyclical
16%
Health
10.5%
Basic Materials
9.2%
Tech
5.6%
Consumer Defensive
4.7%
Utilities
3.9%
Communication
2.8%
Real Estate
2.4%

Top Holdings of Nippon India Growth Fund - Direct Plan - Growth as on (30-Nov-23)

  • Equity

Equity Holdings92

Nippon India Growth Fund - Direct Plan - Growth: Monthly Changes Updates

All changes are between Aug'23 and Oct'23
Fund Performance
Oct'23
Sep'23
Aug'23
Fund Returns
-2.15%
2.98%
4.14%
Nifty Midcap 150
-4.05%
2.23%
3.84%
  • This fund’s returns stands at -2.15% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -4.05% as on Oct'23
  • This fund outperformed Nifty Midcap 150 by 1.90% in Oct'23
AUM Change
Parameters
Oct'23
Sep'23
Aug'23
AUM
₹ 19.1K Cr
₹ 19.2K Cr
₹ 18.3K Cr
  • AUM of the fund stands at 19.1K Cr as of Oct'23
  • AUM decreased by 165.3 Cr between Oct'23 and Sep'23
Fund Portfolio Changes

Gainers & Losers in Nippon India Growth Fund - Direct Plan - Growth portfolio Returns for the month of Oct

Nippon India Growth Fund - Direct Plan - Growth Fund Manager

Sanjay Doshi
Sanjay Doshi
Fund Manager of Nippon India Growth Fund - Direct Plan - Growth, since 1 January 2023
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Growth Fund - Direct Plan - Growth, since 1 February 2019

Nippon India Growth Fund - Direct Plan - 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 18.83% since inception which is more than its category average return of 18.41%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.98% in Equity, 0% in Debt and 3.02% in Cash related instruments
AUM size ₹21380 Cr

AUM size ₹21380 Cr

This fund has AUM of ₹21380 Cr which is more than its category average of ₹ 6100 Cr
Expense Ratio 0.88%

Expense Ratio 0.88%

This fund has an expense ratio of 0.88% which is less than its category average expense ratio of 1.42%

Frequently Asked Questions

The current NAV of Nippon India Growth Fund - Direct Plan - Growth is ₹3331.14 as on 08-Dec-2023.
Existing (Absolute + CAGR) as on 08-Dec-2023.
Nippon India Growth Fund - Direct Plan - Growth
Absolute Returns
CAGR Returns
1 Month Returns
9.4%
9.4%
6 Month Returns
31.27%
31.27%
1 Year Returns
38.27%
38.27%
3 Years Returns
132.34%
32.45%
5 Years Returns
209.3%
25.34%
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0.88% as on November 2023
₹21380 Cr as on November 2023
Power Finance Corp Ltd(4.78%), Cholamandalam Financial Holdings Ltd(2.85%), Varun Beverages Ltd(2.64%), Supreme Industries Ltd(2.5%), AU Small Finance Bank Ltd(2.44%) as on November 2023
Financial Services(25.6%), Industrial(16.82%), Consumer Cyclical(16.39%) as on November 2023
The alpha ratio for the Nippon India Growth Fund - Direct Plan - Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Nippon India Growth Fund - Direct Plan - Growth
2.98
3.93
3.07
As on November 2023
The alpha for Nippon India Growth Fund - Direct Plan - 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 Plan - Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Nippon India Growth Fund - Direct Plan - Growth
0.95
0.9
0.92
As on November 2023
The Beta for Nippon India Growth Fund - Direct Plan - 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 Plan - 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 Plan - Growth
1.74
1.68
0.91
As on November 2023
The sharpe ratio for Nippon India Growth Fund - Direct Plan - 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 Plan - 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 Plan - Growth
14.35
14.49
20.96
As on November 2023
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 3.89 as on November 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.53 as on November 2023. 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 Plan - Growth
The Exit load of Nippon India Growth Fund - Direct Plan - Growth is 1%