Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan
Hybrid
Direct
Fund Of Funds
NAV: ₹ 15.7 as on 02-06-2023
Fund Performance
2369 people have invested ₹ 57.6L in Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan in the last three months
Fund Insights
In the last 1 year, ICICI Prudential BHARAT 22 FOF Direct Growth has given 30.77% return, outperforming Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan by 21.46%
In the last 3 years, ICICI Prudential BHARAT 22 FOF Direct Growth has given 36.56% return, outperforming Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan by 16.28% per annum
Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan expense ratio is slightly on the lower side within the category (fund of funds). Its expense ratio is 0.25% which is lower than the category average expense ratio of 1.26%
Over the last 3 months, Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan has experienced a 7.5% growth in AUM moving from 153.74 Cr to 165.31 Cr
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
- Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan has a NAV of ₹15.7 as on 02-06-2023.
- Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan has ₹165 Cr worth of assets under management (AUM) as on 30-04-2023 and is less than category average.
- The fund has an expense ratio 0.3.
Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan Overview
 | 0.25% |
 Benchmark | IISL Nifty Next 50 TR INR |
 | ₹165 Cr |
 | 8 March, 2019 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 12.54% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
91.8%
Mid cap
7.9%
Sector Allocation
Basic Materials
20.4%
Financial Services
17.6%
Consumer Defensive
16.7%
Industrial
16.4%
Utilities
8.3%
Consumer Cyclical
6.5%
Tech
4.1%
Communication
3.9%
Energy
2.7%
Real Estate
2.1%
Health
1.3%
Top Holdings of Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan as on (31-May-23)
Equity Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Nippon India ETF Nifty Next 50 Jr BeES | 99.78% | 0.8% |
Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at -4.86% whereas the fund’s underlying benchmark Fund of Funds Index returns stands at -0.22% as on Apr'23
- This fund underperformed Fund of Funds Index by 4.64% in Apr'23
AUM Change
- AUM of the fund stands at 165.3 Cr as of Apr'23
- AUM increased by 8.5 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Peer Analysis
Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan Fund Manager
Mehul Dama
Fund Manager of Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan, since 8 March 2019
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 11.26% since inception which is more than its category average return of 8.61%
Fund Allocations
This fund has an allocation of 99.74% in Equity, 0% in Debt and 0.26% in Cash related instruments
AUM size ₹165 Cr
This fund has AUM of ₹165 Cr which is less than its category average of ₹ 558 Cr
Expense Ratio 0.25%
This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 0.78%
Frequently Asked Questions
The current NAV of Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan is ₹15.71 as on 02-Jun-2023.
Existing (Absolute + CAGR) as on 02-Jun-2023.
Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan | Absolute Returns | CAGR Returns |
1 Month Returns | 6.62% | 6.62% |
6 Month Returns | -3.47% | -3.47% |
1 Year Returns | 9.31% | 9.31% |
3 Years Returns | 74.01% | 20.28% |
5 Years Returns | 0% | 0% |
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- 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.
0.25% as on May 2023
₹165 Cr as on May 2023
Basic Materials(20.18%), Financial Services(18.07%), Industrial(16.5%) as on January 1
Mehul Dama is the fund manager of Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan
The Exit load of Nippon India Nifty Next 50 Junior Bees Fof - Direct Growth Plan is 0%