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.

1. Nippon India Nivesh Lakshya Fund Direct Growth has ₹10269 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 Growth has given a CAGR return of 9.05% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.62%, 10.04% and 6.25% respectively.

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, 6.62% Govt Stock 2051, 6.99% Govt Stock 2051, 8.13% Govt Stock 2045, 7.06% Govt Stock 2046

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

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 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.