Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl

Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl

Compare
Equity
Direct
Equity - Other
NAV: ₹ 13.79 as on 13-06-2024

About the Fund

Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl is an equity fund. This fund was started on 28 August, 2023. The fund is managed by Kinjal Desai, Vinay Sharma. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl has ₹1455 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl has given a CAGR return of 37.06% since inception.

Holdings

Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Financial Services, Health, Communication, Consumer Defensive, Tech, Basic Materials. Its top holdings are 3M India Ltd, Samvardhana Motherson International Ltd, Affle India Ltd, Info Edge (India) Ltd, Bajaj Finserv Ltd

Taxation

As it is a equity - other 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 Innovation Fund Direct Payout Inc Dist cum Cap Wdrl

The investment objective of Nippon India Innovation Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies seeking to benefit from innovation i.e companies that invest in l innovation, research and development, new product development or new platforms to enhance their business and gain share in their respective sectors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
7 people have invested ₹ 22.1K in Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl in the last three months

Overview

Expense ratio
Expense ratio
0.79%
Benchmark
Benchmark
IISL Nifty 500 TR INR
AUM
AUM
₹1455 Cr
Inception Date
Inception Date
28 August, 2023
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0%

Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl Distribution as on (30-Apr-24)

  • Equity 92.9%

  • Debt & Cash 7.1%

Size breakup

Mid cap
41%
Large cap
34.3%
Small cap
17.6%
Sector Allocation

Apr'24

Mar'24

Feb'24

Consumer Cyclical
28.2%
Financial Services
20.6%
Industrial
19.5%
Health
8.2%
Consumer Defensive
7.6%
Communication
7.6%
Tech
6.8%
Basic Materials
1.6%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
4.69%
2.04%
0.81%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 4.69% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 2.23% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 1.4K Cr
₹ 1.4K Cr
₹ 1.3K Cr
  • AUM of the fund stands at 1.4K Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl as on (31-May-24)

  • Equity

Equity Holdings38

Fund Manager

Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl, since 28 August 2023
Vinay Sharma
Vinay Sharma
Fund Manager of Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl, since 28 August 2023

Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl 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 returns of 37.06% since inception (28nd Aug 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 92.94% in Equity, 0% in Debt and 7.06% in Cash related instruments
AUM size ₹1455 Cr

AUM size ₹1455 Cr

This fund has AUM of ₹1455 Cr which is less than its category average of ₹ 1832 Cr
Expense Ratio 0.79%

Expense Ratio 0.79%

This fund has an expense ratio of 0.79% which is less than its category average expense ratio of 1.21%

Frequently Asked Questions

The current NAV of Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl is ₹13.79 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
9.99%
9.99%
6 Month Returns
26.05%
26.05%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.79% as on May 2024
₹1455 Cr as on May 2024
3M India Ltd(5.41%), Samvardhana Motherson International Ltd(3.84%), Affle India Ltd(3.65%), Info Edge (India) Ltd(3.65%), Bajaj Finserv Ltd(3.57%) as on May 2024
Consumer Cyclical(25.72%), Industrial(19.43%), Financial Services(19.1%) as on May 2024
The alpha ratio for the Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The alpha for Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl is calculated against IISL Nifty 500 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 Innovation Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The Beta for Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl is calculated with IISL Nifty 500 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 Innovation Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The sharpe ratio for Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl is calculated with IISL Nifty 500 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 Innovation Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl
-
-
-
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.
Kinjal Desai, Vinay Sharma are the fund managers of Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl
The Exit load of Nippon India Innovation Fund Direct Payout Inc Dist cum Cap Wdrl is 1%