Nippon India Nifty Next 50 Junior BeES FoF Direct Growth

Nippon India Nifty Next 50 Junior BeES FoF Direct Growth

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Hybrid
Direct
Fund Of Funds
NAV: ₹ 25.39 as on 28-05-2024

About the Fund

Nippon India Nifty Next 50 Junior BeES FoF Direct Growth is a hybrid fund. This fund was started on 8 March, 2019. The fund is managed by Mehul Dama. This fund gives you the benefit of diversification.

Key Parameters

  1. Nippon India Nifty Next 50 Junior BeES FoF Direct Growth has ₹382 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.
Fund Performance
zero opening, trading, fund transfer fee
4459 people have invested ₹ 3.3Cr in Nippon India Nifty Next 50 Junior BeES FoF Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.16%
Benchmark
Benchmark
IISL Nifty Next 50 TR INR
AUM
AUM
₹382 Cr
Inception Date
Inception Date
8 March, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
7.86%

Nippon India Nifty Next 50 Junior BeES FoF Direct Growth Distribution as on (31-Dec-69)

  • Equity 99.6%

  • Debt & Cash 0.4%

Size breakup

Large cap
89.8%
Mid cap
10.1%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
23.8%
Industrial
18.4%
Basic Materials
13.1%
Consumer Cyclical
12.2%
Consumer Defensive
11.7%
Utilities
9.2%
Energy
3.4%
Real Estate
3.2%
Health
2.7%
Communication
2.4%

Top Holdings of Nippon India Nifty Next 50 Junior BeES FoF Direct Growth as on (30-Apr-24)

  • Equity

Equity Holdings1

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 382.3 Cr
₹ 339.8 Cr
₹ 329.8 Cr
  • AUM of the fund stands at 382.3 Cr as of Apr'24
  • AUM increased by 42.5 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 84.3% growth in AUM moving from 207.44 Cr to 382.27 Cr.
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In the last 3 years, ICICI Prudential BHARAT 22 FOF Direct Growth has given 41.11% return, outperforming this fund by 18.18% per annum.
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In the last 5 years, ICICI Prudential BHARAT 22 FOF Direct Growth has given 22.49% return, outperforming this fund by 2.2% per annum.
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This fund has one of the lowest expense ratio in the category (fund of funds). Its expense ratio is 0.16% which is lower than the category average expense ratio of 1.03%.
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In the last 1 year, ICICI Prudential BHARAT 22 FOF Direct Growth has given 72.69% return, outperforming this fund by 7.28%.

Fund Manager

Mehul Dama
Mehul Dama
Fund Manager of Nippon India Nifty Next 50 Junior BeES FoF Direct Growth, since 8 March 2019

Nippon India Nifty Next 50 Junior BeES FoF Direct Growth Highlights

Risk meter
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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 19.68% since inception which is more than its category average return of 11.76%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.62% in Equity, 0% in Debt and 0.38% in Cash related instruments
AUM size ₹382 Cr

AUM size ₹382 Cr

This fund has AUM of ₹382 Cr which is less than its category average of ₹ 657 Cr
Expense Ratio 0.16%

Expense Ratio 0.16%

This fund has an expense ratio of 0.16% which is less than its category average expense ratio of 0.77%

Frequently Asked Questions

The current NAV of Nippon India Nifty Next 50 Junior BeES FoF Direct Growth is ₹25.39 as on 28-May-2024.
Existing (Absolute + CAGR) as on 28-May-2024.
Nippon India Nifty Next 50 Junior BeES FoF Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.89%
6.89%
6 Month Returns
45.85%
45.85%
1 Year Returns
65.41%
65.41%
3 Years Returns
85.78%
22.93%
5 Years Returns
151.88%
20.29%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.16% as on April 2024
₹382 Cr as on April 2024
Financial Services(23.67%), Industrial(18.28%), Basic Materials(13.04%) as on April 2024
Mehul Dama is the fund manager of Nippon India Nifty Next 50 Junior BeES FoF Direct Growth
The Exit load of Nippon India Nifty Next 50 Junior BeES FoF Direct Growth is 0%