Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth
About the Fund
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth is an equity fund. This fund was started on 19 August, 2022. The fund is managed by Mehul Dama. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth has ₹363 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth has given a CAGR return of 33.13% since inception. Over the last 1 year the fund has given a CAGR return of 49.23%.
Holdings
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Consumer Defensive, Health, Financial Services, Industrial, Basic Materials, Energy, Communication, Utilities. Its top holdings are Bharti Airtel Ltd, Sun Pharmaceuticals Industries Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Bajaj Auto Ltd
Taxation
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Alpha Low Volatility 30 Index before expenses, subject to tracking errors. 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 1000.00 and for SIP is INR 100.00. Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 0.35% |
Benchmark | Nifty Alpha Low-Volatility 30 TR INR |
| AUM | ₹363 Cr |
| Inception Date | 19 August, 2022 |
| Min Lumpsum/SIP | ₹1000/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 45.81% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Dr Reddys Laboratories Ltd | 13.4% |
 Grasim Industries Ltd | 12.2% |
 UltraTech Cement Ltd | 7% |
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹363 Cr
Expense Ratio 0.35%
Frequently Asked Questions
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.63% | 4.63% |
6 Month Returns | 21.08% | 21.08% |
1 Year Returns | 49.23% | 49.23% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth | -0.31 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth | 0.99 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth | 2.57 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth | 13.12 | - | - |