Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth

Nippon India Nifty Next 50 Junior BeES FoF Fund 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.

1. Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth has ₹440 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.3.
   

Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth has given a CAGR return of 20.13% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 63.57%, 23.03% and 22.88% respectively.

Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Consumer Defensive, Utilities, Energy, Real Estate, Health, Communication.

As it is a fund of funds mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Nippon India ETF Nifty Next 50 Junior BeES by investing in units of Nippon India ETF Nifty Next 50 Junior BeES. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Nippon India Nifty Next 50 Junior BeES FoF Fund Direct Growth has no lock in period.