Nippon India Nivesh Lakshya Fund - Direct Plan - Growth

Nippon India Nivesh Lakshya Fund - Direct Plan - Growth

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Debt
Direct
Long Duration
NAV: ₹ 16.31 as on 27-02-2024
Fund Performance
zero opening, trading, fund transfer fee
258 people have invested ₹ 1.8Cr in Nippon India Nivesh Lakshya Fund - Direct Plan - Growth in the last three months

Mutual Fund Insights

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In the last 3 years, this fund has outperformed all funds in its category.
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In the last 1 year, SBI Long Duration Fund Direct Growth has given 10.95% return, outperforming this fund by 1.04%.
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In the last 5 years, this fund has outperformed all funds in its category.
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Over the last 3 months, this fund has experienced a 10.4% growth in AUM moving from 6.50K Cr to 7.18K Cr.
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This fund has one of the lowest expense ratio in the category (long duration). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.34%.

About the Nippon India Nivesh Lakshya Fund - Direct Plan - Growth

Nippon India Nivesh Lakshya Fund - Direct Plan - Growth is a debt fund. This fund was started on 6 July, 2018. The fund is managed by Kinjal Desai, Pranay Sinha. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Nivesh Lakshya Fund - Direct Plan - Growth has ₹7181 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.3.

Nippon India Nivesh Lakshya Fund - Direct Plan - Growth Overview

Expense ratio
Expense ratio
0.3%
Benchmark
Benchmark
CRISIL Composite Bond Fund TR INR
AUM
AUM
₹7181 Cr
Inception Date
Inception Date
6 July, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
7.13%

Nippon India Nivesh Lakshya Fund - Direct Plan - Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
100%
Sector Allocation

Jan'24

Dec'23

Nov'23

Government
97.4%
Cash Equivalent
2.6%

Top Holdings of Nippon India Nivesh Lakshya Fund - Direct Plan - Growth as on (31-Jan-24)

  • Debt & Cash

Debt Holdings16
Holdings
Weight%
1M Change
8.17% Govt Stock 2044
8.17% Govt Stock 2044
33.54%
0%
8.13% Govt Stock 2045
8.13% Govt Stock 2045
15.82%
0%
7.06% Govt Stock 2046
7.06% Govt Stock 2046
12.89%
0.5%
9.23% Govt Stock 2043
9.23% Govt Stock 2043
11.36%
0%
6.99% Govt Stock 2051
6.99% Govt Stock 2051
5.2%
5.6%

Nippon India Nivesh Lakshya Fund - Direct Plan - Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 7K Cr
₹ 6.7K Cr
₹ 6.5K Cr
  • AUM of the fund stands at 7K Cr as of Jan'24
  • AUM increased by 305.9 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Nippon India Nivesh Lakshya Fund - Direct Plan - Growth Fund Manager

Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Nivesh Lakshya Fund - Direct Plan - Growth, since 31 July 2018
Pranay Sinha
Pranay Sinha
Fund Manager of Nippon India Nivesh Lakshya Fund - Direct Plan - Growth, since 31 March 2021

Nippon India Nivesh Lakshya Fund - Direct Plan - Growth Highlights

Risk meter
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Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 9.05% since inception which is more than its category average return of 7.41%
AUM size ₹7181 Cr

AUM size ₹7181 Cr

This fund has AUM of ₹7181 Cr which is more than its category average of ₹ 2112 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 0.74%

Frequently Asked Questions

The current NAV of Nippon India Nivesh Lakshya Fund - Direct Plan - Growth is ₹16.31 as on 27-Feb-2024.
Existing (Absolute + CAGR) as on 27-Feb-2024.
Nippon India Nivesh Lakshya Fund - Direct Plan - Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.3%
2.3%
6 Month Returns
5.45%
5.45%
1 Year Returns
9.9%
9.9%
3 Years Returns
19.41%
6.09%
5 Years Returns
49.92%
8.44%
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0.3% as on January 2024
₹7181 Cr as on January 2024
8.17% Govt Stock 2044(33.54%), 8.13% Govt Stock 2045(15.82%), 7.06% Govt Stock 2046(12.89%), 9.23% Govt Stock 2043(11.36%), 6.99% Govt Stock 2051(5.2%) as on January 2024
Yield to Maturity is 7.37 as on January 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 10.23 as on January 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Kinjal Desai, Pranay Sinha are the fund managers of Nippon India Nivesh Lakshya Fund - Direct Plan - Growth
The Exit load of Nippon India Nivesh Lakshya Fund - Direct Plan - Growth is 1%