Hybrid
Direct
Multi Asset Allocation
NAV as on 11-12-2024
₹ 21.88
▲0.3%
1D
Inception Returns
20%
/yr
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.
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.
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.
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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
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 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.
Expense ratio | 0.29% |
Benchmark | null |
AUM | ₹4500 Cr |
Inception Date | 28 August, 2020 |
Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 51.18% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Very High Risk |
as on (11-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Government, Corporate & Financial Services
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% |
AAA | 100 |