Nippon India Index Fund Nifty 50 Direct Growth

Equity
Direct
Index Funds
Nippon India Index Fund Nifty 50 Direct Growth

About the Fund

Nippon India Index Fund Nifty 50 Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Mehul Dama. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Nippon India Index Fund Nifty 50 Direct Growth has ₹1649 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

Nippon India Index Fund Nifty 50 Direct Growth has given a CAGR return of 13.59% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 26.50%, 15.50% and 16.00% respectively.

Holdings

Nippon India Index Fund Nifty 50 Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Tech, Consumer Cyclical, Consumer Defensive, Basic Materials, Industrial, Health, Communication, Utilities. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Infosys Ltd, Larsen & Toubro Ltd

Taxation

As it is a index funds 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 Index Fund Nifty 50 Direct Growth

The primary investment objective of the scheme is to replicate the composition of the Nifty 50, with a view to generate returns that are commensurate with the performance of the Nifty 50, subject to tracking errors.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Nippon India Index Fund Nifty 50 Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
16827 people have invested ₹ 3.6Cr in Nippon India Index Fund Nifty 50 Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
12
/16
65% Performance
0% Cost
12 out of 16 among Index-Nifty-50
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

Fund Overview

Expense ratio0.2%
Benchmark
IISL Nifty 50 TR INR
AUM₹1649 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
0.25%
Lock InNo Lock-in
TurnOver
5.31%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 99.7%

  • Debt & Cash 0.3%

Large cap
99%

Mid cap
0.7%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
34.1%
Energy
13.4%
Tech
12.1%
Consumer Cyclical
9.4%
Consumer Defensive
8%
Basic Materials
6.6%
Industrial
5.4%
Health
4.2%
Communication
3.6%
Utilities
3.1%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Mehul Dama
Mehul Dama
Fund Manager of Nippon India Index Fund Nifty 50 Direct Growth, since 6 November 2018

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 46.2% growth in AUM moving from 1.12K Cr to 1.64K Cr.
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In the last 1 year, Motilal Oswal S&P BSE Enhanced Value Index Fund Direct Growth has given 92.69% return, outperforming this fund by 66.19%.
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In the last 3 years, DSP Nifty 50 Equal Weight Index Fund Direct Growth has given 20.34% return, outperforming this fund by 4.84% per annum.
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In the last 5 years, DSP Nifty 50 Equal Weight Index Fund Direct Growth has given 19.73% return, outperforming this fund by 3.74% per annum.
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This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.2% which is lower than the category average expense ratio of 0.34%.

Nippon India Index Fund Nifty 50 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 13.59% since inception which is less than its category average return of 21.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.72% in Equity, 0% in Debt and 0.28% in Cash related instruments
AUM size ₹1649 Cr

AUM size ₹1649 Cr

This fund has AUM of ₹1649 Cr which is more than its category average of ₹ 752 Cr
Expense Ratio 0.2%

Expense Ratio 0.2%

This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of Nippon India Index Fund Nifty 50 Direct Growth is ₹42.43 as on 19-Jun-2024.
Existing (Absolute + CAGR) as on 19-Jun-2024.
Nippon India Index Fund Nifty 50 Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.91%
4.91%
6 Month Returns
10.15%
10.15%
1 Year Returns
26.5%
26.5%
3 Years Returns
54.07%
15.5%
5 Years Returns
110.01%
16%
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0.2% as on May 2024
₹1649 Cr as on May 2024
HDFC Bank Ltd(11.57%), Reliance Industries Ltd(9.72%), ICICI Bank Ltd(7.91%), Infosys Ltd(5.04%), Larsen & Toubro Ltd(4.36%) as on May 2024
Financial Services(34.02%), Energy(13.38%), Tech(12.02%) as on May 2024
The alpha ratio for the Nippon India Index Fund Nifty 50 Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Nippon India Index Fund Nifty 50 Direct Growth
-0.24
-0.26
-0.29
As on May 2024
The alpha for Nippon India Index Fund Nifty 50 Direct Growth is calculated against IISL Nifty 50 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 Index Fund Nifty 50 Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Nippon India Index Fund Nifty 50 Direct Growth
1
1
0.99
As on May 2024
The Beta for Nippon India Index Fund Nifty 50 Direct Growth is calculated with IISL Nifty 50 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 Index Fund Nifty 50 Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Nippon India Index Fund Nifty 50 Direct Growth
1.36
0.69
0.56
As on May 2024
The sharpe ratio for Nippon India Index Fund Nifty 50 Direct Growth is calculated with IISL Nifty 50 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 Index Fund Nifty 50 Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Nippon India Index Fund Nifty 50 Direct Growth
10.52
12.46
18.44
As on May 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 1.26 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Mehul Dama is the fund manager of Nippon India Index Fund Nifty 50 Direct Growth
The Exit load of Nippon India Index Fund Nifty 50 Direct Growth is 0.25%