Nippon India Nivesh Lakshya Fund Direct Growth
Debt
Direct
Long Duration
NAV as on 22-10-2024
₹ 17.44
Inception Returns
9.2%
/yr
About Nippon India Nivesh Lakshya Fund Direct Growth
Nippon India Nivesh Lakshya Fund Direct Growth is a debt fund. This fund was started on 6 July, 2018. The fund is managed by Pranay Sinha, Kinjal Desai. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Nivesh Lakshya Fund Direct Growth has ₹8881 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Returns
Nippon India Nivesh Lakshya Fund Direct Growth has given a CAGR return of 9.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.55%, 7.47% and 7.49% respectively.
Holdings
Nippon India Nivesh Lakshya Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 8.17% Govt Stock 2044, 6.99% Govt Stock 2051, 8.13% Govt Stock 2045, 7.06% Govt Stock 2046, 6.62% Govt Stock 2051
Taxation
As it is a long duration mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Nippon India Nivesh Lakshya Fund Direct Growth
The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Nivesh Lakshya Fund Direct Growth has no lock in period.
Historical NAV & Returns
Nippon India Nivesh Lakshya Fund Direct Growth Overview
| Expense ratio | 0.3% |
Benchmark | CRISIL Composite Bond Fund TR INR |
| AUM | ₹8881 Cr |
| Inception Date | 6 July, 2018 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 39% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (22-Oct-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 8.8K Cr as of Sep'24
- AUM increased by 468.7 Cr between Sep'24 and Aug'24
Top Sector in September was Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 8.17% Govt Stock 2044 | 19.25% | -25.4% | |
6.99% Govt Stock 2051 | 13.35% | 32% | |
8.13% Govt Stock 2045 | 13.1% | 0% | |
7.06% Govt Stock 2046 | 10.8% | -7.4% | |
6.62% Govt Stock 2051 | 10.43% | 70.2% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Nippon India Nivesh Lakshya Fund Direct Growth | 13.55% | 7.47% | 7.49% | 9.22% |
 ICICI Prudential Long Term Bond Fund Direct Plan Growth | 11.92% | 6.31% | 6.59% | 8.23% |
 BHARAT Bond FOF April 2031 Direct Growth | 10.42% | 6.52% | - | 5.86% |
Mutual Fund Insights
Nippon India Nivesh Lakshya Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.3%
Frequently Asked Questions for Nippon India Nivesh Lakshya Fund Direct Growth
Nippon India Nivesh Lakshya Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.19% | 0.19% |
6 Month Returns | 6.92% | 6.92% |
1 Year Returns | 13.55% | 13.55% |
3 Years Returns | 24.12% | 7.47% |
5 Years Returns | 43.5% | 7.49% |
- 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.
AAA | 100 |