Nippon India Equity Savings Direct Growth
Hybrid
Direct
Equity Savings
NAV: ₹ 16.15 as on 02-05-2024
About the Fund
Nippon India Equity Savings Direct Growth is a hybrid fund. This fund was started on 30 May, 2015. The fund is managed by Sushil Budhia, Anand Gupta, Dhrumil Shah, Kinjal Desai. This fund gives you the benefit of diversification.
Key Parameters
- Nippon India Equity Savings Direct Growth has ₹407 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Fund Performance
77 people have invested ₹ 7.7L in Nippon India Equity Savings Direct Growth in the last three months
Overview
 | 0.61% |
 Benchmark | NIFTY Equity Savings TR INR |
 | ₹407 Cr |
 | 30 May, 2015 |
 | ₹5000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 558.45% |
Nippon India Equity Savings Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
70.5%
Mid cap
2.9%
Sector Allocation
Financial Services
25.7%
Basic Materials
16.9%
Energy
14.7%
Industrial
9.7%
Consumer Defensive
8.1%
Tech
7.8%
Consumer Cyclical
6.2%
Utilities
5.1%
Health
2.4%
Communication
2.4%
Real Estate
1%
Top Holdings of Nippon India Equity Savings Direct Growth as on (30-Apr-24)
Equity Holdings43
Debt Holdings8
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 407.2 Cr as of Mar'24
- AUM decreased by 3.3 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.89% return, outperforming this fund by 4.7% per annum.
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 24.32% return, outperforming this fund by 11.33%.
Over the last 6 months, this fund has experienced a 34.4% growth in AUM moving from 302.95 Cr to 407.21 Cr.
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.06%.
In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.74% return, outperforming this fund by 9.56% per annum.
Peer Analysis
Fund Manager
Sushil Budhia
Fund Manager of Nippon India Equity Savings Direct Growth, since 1 February 2020
Top funds managed
Anand Gupta
Fund Manager of Nippon India Equity Savings Direct Growth, since 12 September 2018
Top funds managed
Dhrumil Shah
Fund Manager of Nippon India Equity Savings Direct Growth, since 10 September 2021
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Equity Savings Direct Growth, since 25 May 2018
Top funds managed
Nippon India Equity Savings Direct Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 5.52% since inception which is less than its category average return of 8.05%
Fund Allocations
This fund has an allocation of 25.01% in Equity, 18.52% in Debt and 56.47% in Cash related instruments
AUM size ₹407 Cr
This fund has AUM of ₹407 Cr which is less than its category average of ₹ 1220 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.16%
Frequently Asked Questions
The current NAV of Nippon India Equity Savings Direct Growth is ₹16.15 as on 02-May-2024.
Existing (Absolute + CAGR) as on 02-May-2024.
Nippon India Equity Savings Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.5% | 1.5% |
6 Month Returns | 8.38% | 8.38% |
1 Year Returns | 12.99% | 12.99% |
3 Years Returns | 33.77% | 10.18% |
5 Years Returns | 22.74% | 4.18% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.61% as on April 2024
₹407 Cr as on April 2024
Larsen & Toubro Ltd(6.9%), HDFC Bank Ltd(6.29%), 7.26% Govt Stock 2033(6.21%), Coal India Ltd(5.33%), Reliance Industries Ltd(5.25%) as on April 2024
Cash Equivalent(57.37%), Government(14.12%), Financial Services(6.43%) as on April 2024
AAA | 93.37 |
AA | 6.63 |
Sushil Budhia, Anand Gupta, Dhrumil Shah, Kinjal Desai are the fund managers of Nippon India Equity Savings Direct Growth
The Exit load of Nippon India Equity Savings Direct Growth is 1%