Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan
Equity
Direct
Index Funds
NAV: ₹ 35.7 as on 20-09-2023
Fund Performance
13700 people have invested ₹ 3Cr in Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan in the last three months
Fund Insights
In the last 3 years, UTI Nifty 50 Index Fund-Growth Option- Direct has given 21.22% return, outperforming this fund by 0.08% per annum.
In the last 5 years, Nippon India Index S&P BSE Fund Sensex Plan - Direct Plan - Growth Plan has given 13.52% return, outperforming this fund by 0.47% per annum.
In the last 1 year, UTI S&P BSE Low Volatility Index Fund Direct Growth has given 19.92% return, outperforming this fund by 7.33%.
Over the last 15 months, this fund has increased expense ratio by 11.1% moving from 0.18 to 0.20.
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 0.31%.
Over the last 6 months, this fund has experienced a 56.2% growth in AUM moving from 638.77 Cr to 997.84 Cr.
INDmoney Rank
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7
/15
68% Performance
46% Cost
7 out of 15 among Index-Nifty-50
Pros
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
About the Fund
Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan 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
- Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan has ₹998 Cr worth of assets under management (AUM) as on Aug 2023 and is more than category average.
- The fund has an expense ratio 0.2.
Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan Overview
 | 0.2% |
 Benchmark | IISL Nifty 50 TR INR |
 | ₹998 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 5.31% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
99.8%
Sector Allocation
Financial Services
37%
Tech
13.7%
Energy
12.2%
Consumer Defensive
9.3%
Consumer Cyclical
7.6%
Basic Materials
6.8%
Industrial
4.6%
Health
4.1%
Communication
2.5%
Utilities
2.2%
Top Holdings of Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan as on (31-Aug-23)
Equity Holdings51
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 13.74% | 73% | |
 Reliance Industries Ltd | 9.54% | 2.4% | |
 ICICI Bank Ltd | 7.86% | 2.5% | |
 Infosys Ltd | 6% | 2.4% | |
 ITC Ltd | 4.55% | 2.4% |
See all
Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -2.31% whereas the fund’s underlying benchmark Nifty 50 returns stands at -2.43% as on Aug'23
- This fund outperformed Nifty 50 by 0.12% in Aug'23
AUM Change
- AUM of the fund stands at 997.8 Cr as of Aug'23
- AUM decreased by 2.2 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Cipla Ltd | 6.7% |
 Mahindra & Mahindra Ltd | 5.5% |
 Infosys Ltd | 5.1% |
Top Losers | 1M Return |
|---|---|
 HDFC Bank Ltd | -5.5% |
 Reliance Industries Ltd | -4.2% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan Fund Manager
Mehul Dama
Fund Manager of Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan, since 6 November 2018
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 12.77% since inception which is less than its category average return of 14.76%
Fund Allocations
This fund has an allocation of 99.81% in Equity, 0% in Debt and 0.19% in Cash related instruments
AUM size ₹998 Cr
This fund has AUM of ₹998 Cr which is more than its category average of ₹ 560 Cr
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 Plan - Direct Plan - Growth Plan is ₹35.7 as on 20-Sep-2023.
Existing (Absolute + CAGR) as on 20-Sep-2023.
Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan | Absolute Returns | CAGR Returns |
1 Month Returns | 3.07% | 3.07% |
6 Month Returns | 17.93% | 17.93% |
1 Year Returns | 12.58% | 12.58% |
3 Years Returns | 77.78% | 21.14% |
5 Years Returns | 84.71% | 13.06% |
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0.2% as on August 2023
₹998 Cr as on August 2023
HDFC Bank Ltd(13.74%), Reliance Industries Ltd(9.54%), ICICI Bank Ltd(7.86%), Infosys Ltd(6%), ITC Ltd(4.55%) as on August 2023
Financial Services(36.93%), Tech(13.63%), Energy(12.2%) as on August 2023
The alpha ratio for the Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan | -0.24 | -0.26 | -0.32 |
As on August 2023
The alpha for Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan 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 Plan - Direct Plan - Growth Plan for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan | 1 | 1 | 0.99 |
As on August 2023
The Beta for Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan 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 Plan - Direct Plan - Growth Plan 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 Plan - Direct Plan - Growth Plan | 0.26 | 1.04 | 0.41 |
As on August 2023
The sharpe ratio for Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan 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 Plan - Direct Plan - Growth Plan 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 Plan - Direct Plan - Growth Plan | 11.85 | 14.32 | 18.83 |
As on August 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 2.2 as on August 2023. 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 Plan - Direct Plan - Growth Plan
The Exit load of Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan is 0.25%