Nippon India Nifty 500 Equal Weight Index Fund Direct Growth

Nippon India Nifty 500 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 10 September, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

1. Nippon India Nifty 500 Equal Weight Index Fund Direct Growth has ₹0 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.
   

Nippon India Nifty 500 Equal Weight Index Fund Direct Growth has given a CAGR return of -4.28% since inception.

Nippon India Nifty 500 Equal Weight Index Fund Direct Growth has allocated its funds majorly in . Its top holdings are

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.

The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Equal Weight Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Nippon India Nifty 500 Equal Weight Index Fund Direct Growth has no lock in period.