Nippon India Growth Fund - Direct Plan - Growth
Equity
Direct
Mid-Cap
NAV: ₹ 3816.53 as on 03-05-2024
About the Fund
Nippon India Growth Fund - Direct Plan - Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Sanjay Doshi, Kinjal Desai. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Growth Fund - Direct Plan - Growth has ₹24796 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Fund Performance
31233 people have invested ₹ 15.4Cr in Nippon India Growth Fund - Direct Plan - Growth in the last three months
Overview
 | 0.81% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹24796 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 59.02% |
Nippon India Growth Fund - Direct Plan - Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
72.8%
Large cap
16.2%
Small cap
9.8%
Sector Allocation
Financial Services
22.7%
Consumer Cyclical
19.5%
Industrial
18.5%
Health
11.4%
Basic Materials
6.6%
Tech
5.7%
Utilities
5.4%
Communication
4.1%
Consumer Defensive
4%
Real Estate
2.2%
Top Holdings of Nippon India Growth Fund - Direct Plan - Growth as on (30-Apr-24)
Equity Holdings94
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
Voltas Ltd | 22.5% |
 Supreme Industries Ltd | 18.2% |
Power Finance Corporation Ltd | 15.8% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.77% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund outperformed Nifty Midcap 150 by 1.93% in Mar'24
AUM Change
- AUM of the fund stands at 24.8K Cr as of Mar'24
- AUM increased by 315.2 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
Over the last 6 months, this fund has experienced a 28.8% growth in AUM moving from 19.24K Cr to 24.79K Cr.
In the last 3 years, Quant Mid Cap Fund Growth Option Direct Plan has given 38.33% return, outperforming this fund by 6.9% per annum.
Over the last 1 year, this fund has decreased expense ratio by 28.9% moving from 1.14 to 0.81.
In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 73.52% return, outperforming this fund by 12.49%.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.81% which is lower than the category average expense ratio of 1.17%.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 35.4% return, outperforming this fund by 8.41% per annum.
INDmoney Rank
Powered by IND quant engine
5
/19
76% Performance
37% Risk Management
63% Cost
5 out of 19 among mid-cap
Pros
Outperformed benchmarks during bull run
Larger AUM within category
5Y returns in the top 25% of the category
Cons
No bad points found for this fund.
Peer Analysis
Fund Manager
Sanjay Doshi
Fund Manager of Nippon India Growth Fund - Direct Plan - Growth, since 1 January 2023
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Growth Fund - Direct Plan - Growth, since 1 February 2019
Top funds managed
Nippon India Growth Fund - Direct Plan - Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 19.53% since inception which is more than its category average return of 19.32%
Fund Allocations
This fund has an allocation of 98.78% in Equity, 0% in Debt and 1.22% in Cash related instruments
AUM size ₹24796 Cr
This fund has AUM of ₹24796 Cr which is more than its category average of ₹ 7349 Cr
Expense Ratio 0.81%
This fund has an expense ratio of 0.81% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Nippon India Growth Fund - Direct Plan - Growth is ₹3816.53 as on 03-May-2024.
Existing (Absolute + CAGR) as on 03-May-2024.
Nippon India Growth Fund - Direct Plan - Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.7% | 4.7% |
6 Month Returns | 28.01% | 28.01% |
1 Year Returns | 61.02% | 61.02% |
3 Years Returns | 127% | 31.42% |
5 Years Returns | 230.19% | 26.99% |
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0.81% as on April 2024
₹24796 Cr as on April 2024
Power Finance Corp Ltd(3.31%), Cholamandalam Financial Holdings Ltd(2.75%), Varun Beverages Ltd(2.26%), Fortis Healthcare Ltd(2.24%), Persistent Systems Ltd(2.22%) as on April 2024
Financial Services(22.43%), Consumer Cyclical(19.24%), Industrial(18.29%) as on April 2024
The alpha ratio for the Nippon India Growth Fund - Direct Plan - Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Growth Fund - Direct Plan - Growth | 3.94 | 4.08 | 2.04 |
As on April 2024
The alpha for Nippon India Growth Fund - Direct Plan - Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Nippon India Growth Fund - Direct Plan - Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Growth Fund - Direct Plan - Growth | 0.94 | 0.91 | 0.93 |
As on April 2024
The Beta for Nippon India Growth Fund - Direct Plan - Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Nippon India Growth Fund - Direct Plan - Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Growth Fund - Direct Plan - Growth | 3.32 | 1.63 | 1.01 |
As on April 2024
The sharpe ratio for Nippon India Growth Fund - Direct Plan - Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Nippon India Growth Fund - Direct Plan - Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Growth Fund - Direct Plan - Growth | 12.87 | 14.2 | 20.92 |
As on April 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 3.66 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.63 as on April 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Sanjay Doshi, Kinjal Desai are the fund managers of Nippon India Growth Fund - Direct Plan - Growth
The Exit load of Nippon India Growth Fund - Direct Plan - Growth is 1%