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 ₹1796 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

Nippon India Index Fund Nifty 50 Direct Growth has given a CAGR return of 13.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.22%, 16.50% and 17.68% 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
19230 people have invested ₹ 4.5Cr in Nippon India Index Fund Nifty 50 Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
11
/16
62% Performance
0% Cost
11 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₹1796 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 (30-Jun-24)

  • Equity 99.6%

  • Debt & Cash 0.4%

Large cap
98.9%

Mid cap
0.7%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
34.4%
Energy
13.3%
Tech
12.5%
Consumer Cyclical
9.4%
Consumer Defensive
7.9%
Basic Materials
6.6%
Industrial
4.9%
Health
4.2%
Communication
3.6%
Utilities
3.1%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • 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
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%.
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In the last 5 years, DSP Nifty 50 Equal Weight Index Fund Direct Growth has given 21.68% return, outperforming this fund by 4% per annum.
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Over the last 6 months, this fund has experienced a 42.2% growth in AUM moving from 1.26K Cr to 1.79K Cr.
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In the last 1 year, Motilal Oswal BSE Enhanced Value Index Fund Direct Growth has given 85.91% return, outperforming this fund by 60.69%.
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In the last 3 years, DSP Nifty 50 Equal Weight Index Fund Direct Growth has given 21.13% return, outperforming this fund by 4.63% per annum.

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 13.85% since inception which is less than its category average return of 22.95%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.62% in Equity, 0% in Debt and 0.38% in Cash related instruments
AUM size ₹1796 Cr

AUM size ₹1796 Cr

This fund has AUM of ₹1796 Cr which is more than its category average of ₹ 794 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 ₹44.07 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Nippon India Index Fund Nifty 50 Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.77%
3.77%
6 Month Returns
14.42%
14.42%
1 Year Returns
25.22%
25.22%
3 Years Returns
58.13%
16.5%
5 Years Returns
125.7%
17.68%
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.
0.2% as on June 2024
₹1796 Cr as on June 2024
HDFC Bank Ltd(11.9%), Reliance Industries Ltd(9.94%), ICICI Bank Ltd(7.92%), Infosys Ltd(5.31%), Larsen & Toubro Ltd(3.89%) as on June 2024
Financial Services(34.31%), Energy(13.3%), Tech(12.47%) as on June 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 June 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 June 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
1.5
0.81
0.64
As on June 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
11.51
12.87
18.57
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 1.52 as on June 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%