Nippon India Interval Fund Annual Interval Fund Series I Direct Growth

Nippon India Interval Fund Annual Interval Fund Series I Direct Growth is a debt fund. This fund was started on 7 June, 2013. The fund is managed by Vikash Agarwal. This fund is suitable to keep your money safe.

1. Nippon India Interval Fund Annual Interval Fund Series I Direct Growth has ₹3 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 0.1.
   

Nippon India Interval Fund Annual Interval Fund Series I Direct Growth has given a CAGR return of 6.95% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.40%, 7.11% and 5.90% respectively.

Nippon India Interval Fund Annual Interval Fund Series I Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are

As it is a fixed maturity short-term bond 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 investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and Other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. Nippon India Interval Fund Annual Interval Fund Series I Direct Growth has no lock in period.