Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth

Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth

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Equity
Direct
Index Funds
NAV: ₹ 15.55 as on 22-04-2024
Fund Performance
zero opening, trading, fund transfer fee
1084 people have invested ₹ 1.8Cr in Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth in the last three months

About the Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth

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

  1. Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth has ₹274 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth Overview

Expense ratio
Expense ratio
0.3%
Benchmark
Benchmark
Nifty Alpha Low-Volatility 30 TR INR
AUM
AUM
₹274 Cr
Inception Date
Inception Date
19 August, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
45.81%

Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth Distribution as on (31-Mar-24)

  • Equity 99.4%

  • Debt & Cash 0.6%

Size breakup

Large cap
82.1%
Mid cap
17.3%
Sector Allocation

Mar'24

Feb'24

Jan'24

Consumer Cyclical
21.5%
Consumer Defensive
19.8%
Health
19%
Energy
10.6%
Industrial
9%
Financial Services
6.5%
Basic Materials
6.3%
Utilities
3.7%
Communication
3.7%

Top Holdings of Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth as on (31-Mar-24)

  • Equity

Equity Holdings30

Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth: Monthly Changes Updates

All changes are between Jan'24 and Mar'24
Fund Performance
Mar'24
Feb'24
Jan'24
Fund Returns
2.84%
5.07%
4.25%
Nifty 50
-0.05%
1.32%
-0.07%
  • This fund’s returns stands at 2.84% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.05% as on Mar'24
  • This fund outperformed Nifty 50 by 2.89% in Mar'24
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 164.7 Cr
₹ 164.7 Cr
₹ 127.3 Cr
  • AUM of the fund stands at 164.7 Cr as of Mar'24
  • AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes

Gainers & Losers in Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth portfolio Returns for the month of Mar

Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth Fund Manager

Mehul Dama
Mehul Dama
Fund Manager of Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth, since 19 August 2022

Nippon India Nifty Alpha Low Volatility 30 Index 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 30.13% since inception which is more than its category average return of 19.22%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.43% in Equity, 0% in Debt and 0.57% in Cash related instruments
AUM size ₹274 Cr

AUM size ₹274 Cr

This fund has AUM of ₹274 Cr which is less than its category average of ₹ 689 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.51%

Frequently Asked Questions

The current NAV of Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth is ₹15.55 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.34%
0.34%
6 Month Returns
30.79%
30.79%
1 Year Returns
53.17%
53.17%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.3% as on March 2024
₹274 Cr as on March 2024
Bajaj Auto Ltd(4.66%), Sun Pharmaceuticals Industries Ltd(4.58%), Maruti Suzuki India Ltd(4.23%), Bharti Airtel Ltd(3.87%), ICICI Bank Ltd(3.79%) as on March 2024
Consumer Cyclical(21.86%), Consumer Defensive(19.3%), Health(18.28%) as on March 2024
The alpha ratio for the Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth
-0.24
-
-
As on March 2024
The alpha for Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth is calculated against Nifty Alpha Low-Volatility 30 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth
0.99
-
-
As on March 2024
The Beta for Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth is calculated with Nifty Alpha Low-Volatility 30 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth for various period is as follows:
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
3.3
-
-
As on March 2024
The sharpe ratio for Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth is calculated with Nifty Alpha Low-Volatility 30 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth for various period is as follows:
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
12.14
-
-
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Mehul Dama is the fund manager of Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth
The Exit load of Nippon India Nifty Alpha Low Volatility 30 Index Fund Direct Growth is 1%