Nippon India Multi Asset Allocation Fund Direct Growth

Nippon India Multi Asset Allocation Fund Direct Growth

Hybrid

Direct

Multi Asset Allocation

NAV as on 11-12-2024

₹ 21.88

0.3%

1D

Inception Returns

20%

/yr

About Nippon India Multi Asset Allocation Fund Direct Growth

Nippon India Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 28 August, 2020. The fund is managed by Vikram Dhawan, Ashutosh Bhargava, Kinjal Desai, Sushil Budhia. This fund gives you the benefit of diversification.

Key Parameters

  1. Nippon India Multi Asset Allocation Fund Direct Growth has ₹4500 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

Nippon India Multi Asset Allocation Fund Direct Growth has given a CAGR return of 20.04% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 26.99% and 17.53% respectively.

Holdings

Nippon India Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government, Financial Services, Tech, Industrial, Consumer Cyclical, Health, Energy, Communication, Consumer Defensive, Utilities, Basic Materials, Real Estate.

Taxation

As it is a multi asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Nippon India Multi Asset Allocation Fund Direct Growth

The primary investment objective of Nippon India Multi Asset Allocation Fund is to seek long term capital growth by investing in equity and equity related securities, debt & money market instruments and Exchange Traded Commodity Derivatives and Gold ETF, Silver ETF as permitted by SEBI from time to time. 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 5000.00 and for SIP is INR 100.00. Nippon India Multi Asset Allocation Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1897 people have invested ₹ 2.6Cr in Nippon India Multi Asset Allocation Fund Direct Growth in the last three months

Nippon India Multi Asset Allocation Fund Direct Growth Overview

Expense ratio0.29%
Benchmark
null
AUM₹4500 Cr
Inception Date28 August, 2020
Min Lumpsum/SIP₹5000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
51.18%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (11-Dec-24)

Period
Nippon India Multi Asset Allocation Fund Direct Growth
Multi Asset Allocation Index
1M
2.8%
-
3M
3.2%
-
6M
9.2%
-
1Y
27%
-
3Y
17.5%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 65.3%

  • Debt & Cash 21.9%

Large cap
38.7%

Mid cap
8.3%

Small cap
4.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
29.3%
Industrial
13%
Tech
12.9%
Consumer Cyclical
11.3%
Health
8%
Energy
6.2%
Communication
4.7%
Basic Materials
4.6%
Utilities
4.5%
Consumer Defensive
4.3%
Real Estate
1.3%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 4.3K Cr
₹ 4.3K Cr
₹ 4.1K Cr
  • AUM of the fund stands at 4.3K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24

Top 3 Sectors in October were Government, Corporate & Financial Services

Oct'24
Corporate
32%
Government
30%
Financial Services
29%
Sep'24
Government
34%
Corporate
31%
Financial Services
28%
  • Equity

  • Debt & Cash

Fund
Oct'24
Sep'24
Aug'24
No of Holdings
112
106
103
Top 5 Company Concentration
11.2%
11.2%
11.8%
Company having highest exposure
ICICI Bank Ltd (3.3%)
HDFC Bank Ltd (2.8%)
HDFC Bank Ltd (2.8%)
No of Sectors
13
13
14
Top 5 Sectors Concentration
116.9%
119.7%
126.1%
Sector having highest exposure
Corporate (32%)
Government (34%)
Government (48.1%)
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Vikram Dhawan
Vikram Dhawan
Fund Manager of Nippon India Multi Asset Allocation Fund Direct Growth, since 28 August 2020
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Nippon India Multi Asset Allocation Fund Direct Growth
17.53%
--
Ashutosh Bhargava
Ashutosh Bhargava
Fund Manager of Nippon India Multi Asset Allocation Fund Direct Growth, since 28 August 2020
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Multi Asset Allocation Fund Direct Growth, since 28 August 2020
Sushil Budhia
Sushil Budhia
Fund Manager of Nippon India Multi Asset Allocation Fund Direct Growth, since 31 March 2021
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.29L Cr
as on 31-Oct-2024
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in

Nippon India Multi Asset Allocation Fund 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 20.04% since inception which is more than its category average return of 13.83%
Fund Allocations

Fund Allocations

This fund has an allocation of 65.31% in Equity, 14.75% in Debt and 7.15% in Cash related instruments
AUM size ₹4500 Cr

AUM size ₹4500 Cr

This fund has AUM of ₹4500 Cr which is more than its category average of ₹ 3893 Cr
Expense Ratio 0.29%

Expense Ratio 0.29%

This fund has an expense ratio of 0.29% which is less than its category average expense ratio of 1.2%

Frequently Asked Questions for Nippon India Multi Asset Allocation Fund Direct Growth

The current NAV of Nippon India Multi Asset Allocation Fund Direct Growth is ₹21.88 as on 11-Dec-2024.
Existing (Absolute + CAGR) as on 11-Dec-2024.
Nippon India Multi Asset Allocation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.75%
2.75%
6 Month Returns
9.22%
9.22%
1 Year Returns
26.99%
26.99%
3 Years Returns
62.33%
17.53%
5 Years Returns
0%
0%
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0.29% as on November 2024
₹4500 Cr as on November 2024
iShares MSCI World ETF(11.97%), Nippon India ETF Gold BeES(10.32%), ICICI Bank Ltd(3.19%), HDFC Bank Ltd(2.68%), Nippon India Silver ETF(2.67%) as on November 2024
Financial Services(19.01%), Corporate(12.51%), Cash Equivalent(11.33%) as on November 2024
AAA
100
Vikram Dhawan, Ashutosh Bhargava, Kinjal Desai, Sushil Budhia are the fund managers of Nippon India Multi Asset Allocation Fund Direct Growth
The Exit load of Nippon India Multi Asset Allocation Fund Direct Growth is 1%