Nippon India Nifty 500 Momentum 50 Index Fund Direct Growth

The Nippon India Nifty 500 Momentum 50 Index Fund Direct Growth aims to provide returns that closely correspond to the performance of the Nifty 500 Momentum 50 Index, which focuses on the top 50 momentum-driven stocks. This fund allows investors to tap into companies that have demonstrated strong price momentum over recent months.

Taxation
The taxation on capital gains from equity funds depends on the holding period and the amount of the gain:
Short-Term Capital Gains (STCG): If you sell your equity fund units within one year, you will be subject to a 20% tax on the gains.
Long-Term Capital Gains (LTCG): If you hold your equity fund units for more than one year before selling, any gains exceeding ₹1.25 lakh will be taxed at 12.5%. Gains up to ₹1 lakh are exempt from taxes.

Investment Objective
The Nippon India Nifty 500 Momentum 50 Index Fund Direct Growth aims to provide long-term capital growth by replicating the performance of the Nifty 500 Momentum 50 Index. The fund focuses on companies demonstrating strong momentum in the stock market, allowing investors to benefit from potential price appreciation in top-performing stocks across diverse sectors. The fund follows a passive investment strategy to closely mirror the index, offering exposure to high-momentum stocks while maintaining a low-cost structure.Minimum Investment
SIP (Systematic Investment Plan): The minimum SIP investment for this fund starts at ₹100 per month, making it accessible to a wide range of investors.
Lump Sum: For those preferring a lump sum investment, the minimum initial amount is ₹1,000.

Lock-In Period
There is no lock-in period for this fund, providing investors with the flexibility to redeem their investments at any time based on market conditions or personal financial goals.