Nippon India Nifty Midcap 150 Index Fund Direct Growth

Nippon India Nifty Midcap 150 Index Fund Direct Growth

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Equity
Direct
Index Funds
NAV: ₹ 20.86 as on 19-04-2024
Fund Performance
zero opening, trading, fund transfer fee
32584 people have invested ₹ 7.6Cr in Nippon India Nifty Midcap 150 Index Fund Direct Growth in the last three months

INDmoney Rank of Nippon India Nifty Midcap 150 Index Fund Direct Growth

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IND ranking is not available for this fund.

Pros

3Y returns in the top 25% of the category

Cons

No bad points found for this fund.

About the Nippon India Nifty Midcap 150 Index Fund Direct Growth

Nippon India Nifty Midcap 150 Index Fund Direct Growth is an equity fund. This fund was started on 19 February, 2021. The fund is managed by Mehul Dama. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Nippon India Nifty Midcap 150 Index Fund Direct Growth has ₹1163 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
  2. The fund has an expense ratio 0.3.

Nippon India Nifty Midcap 150 Index Fund Direct Growth Overview

Expense ratio
Expense ratio
0.3%
Benchmark
Benchmark
IISL Nifty Midcap 150 TR INR
AUM
AUM
₹1163 Cr
Inception Date
Inception Date
19 February, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
36.57%

Nippon India Nifty Midcap 150 Index Fund Direct Growth Distribution as on (31-Mar-24)

  • Equity 100%

Size breakup

Mid cap
88.8%
Small cap
6%
Large cap
5.1%
Sector Allocation

Mar'24

Feb'24

Jan'24

Industrial
20%
Financial Services
19%
Basic Materials
12.5%
Consumer Cyclical
12.2%
Health
11.1%
Tech
9.9%
Real Estate
4.3%
Utilities
3.8%
Energy
2.6%
Communication
2.6%
Consumer Defensive
2%

Top Holdings of Nippon India Nifty Midcap 150 Index Fund Direct Growth as on (31-Mar-24)

  • Equity

Equity Holdings149

Nippon India Nifty Midcap 150 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
-0.44%
-0.21%
4.72%
Nifty Midcap 150
-0.05%
1.32%
-0.07%
  • This fund’s returns stands at -0.44% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.05% as on Mar'24
  • This fund underperformed Nifty Midcap 150 by 0.39% in Mar'24
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 1.1K Cr
₹ 1.1K Cr
₹ 1.1K Cr
  • AUM of the fund stands at 1.1K Cr as of Mar'24
  • AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes

Gainers & Losers in Nippon India Nifty Midcap 150 Index Fund Direct Growth portfolio Returns for the month of Mar

Nippon India Nifty Midcap 150 Index Fund Direct Growth Fund Manager

Mehul Dama
Mehul Dama
Fund Manager of Nippon India Nifty Midcap 150 Index Fund Direct Growth, since 19 February 2021

Nippon India Nifty Midcap 150 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 26.19% since inception which is more than its category average return of 18.71%
Fund Allocations

Fund Allocations

This fund has an allocation of 100.01% in Equity, 0% in Debt and -0.01% in Cash related instruments
AUM size ₹1163 Cr

AUM size ₹1163 Cr

This fund has AUM of ₹1163 Cr which is more 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 Midcap 150 Index Fund Direct Growth is ₹20.86 as on 19-Apr-2024.
Existing (Absolute + CAGR) as on 19-Apr-2024.
Nippon India Nifty Midcap 150 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.28%
6.28%
6 Month Returns
19.93%
19.93%
1 Year Returns
54.28%
54.28%
3 Years Returns
107.08%
27.46%
5 Years Returns
0%
0%
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0.3% as on March 2024
₹1163 Cr as on March 2024
Persistent Systems Ltd(3.02%), Max Healthcare Institute Ltd Ordinary Shares(2.23%), Indian Hotels Co Ltd(1.89%), Suzlon Energy Ltd(1.58%), Cummins India Ltd(1.5%) as on March 2024
Industrial(20.02%), Financial Services(18.98%), Basic Materials(12.53%) as on March 2024
The alpha ratio for the Nippon India Nifty Midcap 150 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Nippon India Nifty Midcap 150 Index Fund Direct Growth
-0.5
-0.52
-
As on March 2024
The alpha for Nippon India Nifty Midcap 150 Index Fund Direct Growth is calculated against IISL Nifty Midcap 150 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 Midcap 150 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Nippon India Nifty Midcap 150 Index Fund Direct Growth
1
1
-
As on March 2024
The Beta for Nippon India Nifty Midcap 150 Index Fund Direct Growth is calculated with IISL Nifty Midcap 150 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 Midcap 150 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 Midcap 150 Index Fund Direct Growth
3.09
1.29
-
As on March 2024
The sharpe ratio for Nippon India Nifty Midcap 150 Index Fund Direct Growth is calculated with IISL Nifty Midcap 150 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 Midcap 150 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 Midcap 150 Index Fund Direct Growth
12.89
14.71
-
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.
Sortino ratio is 2.57 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Mehul Dama is the fund manager of Nippon India Nifty Midcap 150 Index Fund Direct Growth
The Exit load of Nippon India Nifty Midcap 150 Index Fund Direct Growth is 0%