Nippon India Nifty Next 50 Junior BeES FoF Direct Growth
Hybrid
Direct
Fund Of Funds
NAV: ₹ 24.21 as on 06-05-2024
About the Fund
Nippon India Nifty Next 50 Junior BeES FoF Direct Growth is a hybrid fund. This fund was started on 8 March, 2019. The fund is managed by Mehul Dama. This fund gives you the benefit of diversification.
Key Parameters
- Nippon India Nifty Next 50 Junior BeES FoF Direct Growth has ₹382 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.1.
Fund Performance
4099 people have invested ₹ 2.6Cr in Nippon India Nifty Next 50 Junior BeES FoF Direct Growth in the last three months
Overview
 | 0.09% |
 Benchmark | IISL Nifty Next 50 TR INR |
 | ₹382 Cr |
 | 8 March, 2019 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 7.86% |
Nippon India Nifty Next 50 Junior BeES FoF Direct Growth Distribution as on (31-Dec-69)
Size breakup
Large cap
87.1%
Mid cap
12.3%
Sector Allocation
Financial Services
20.4%
Industrial
17.7%
Basic Materials
15%
Consumer Defensive
13.2%
Consumer Cyclical
12.7%
Utilities
9.3%
Energy
3.4%
Real Estate
3.3%
Health
2.7%
Communication
2.3%
Top Holdings of Nippon India Nifty Next 50 Junior BeES FoF Direct Growth as on (30-Apr-24)
Equity Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Nippon India ETF Nifty Next 50 Jr BeES | 99.84% | 0.3% |
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 339.8 Cr as of Mar'24
- AUM increased by 10 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 3 years, ICICI Prudential BHARAT 22 FOF Direct Growth has given 44.31% return, outperforming this fund by 20.35% per annum.
In the last 5 years, ICICI Prudential BHARAT 22 FOF Direct Growth has given 23.3% return, outperforming this fund by 3.75% per annum.
In the last 1 year, ICICI Prudential BHARAT 22 FOF Direct Growth has given 70.77% return, outperforming this fund by 4.73%.
Over the last 6 months, this fund has experienced a 60.2% growth in AUM moving from 212.11 Cr to 339.76 Cr.
This fund has one of the lowest expense ratio in the category (fund of funds). Its expense ratio is 0.09% which is lower than the category average expense ratio of 1.09%.
Peer Analysis
Fund Manager
Mehul Dama
Fund Manager of Nippon India Nifty Next 50 Junior BeES FoF Direct Growth, since 8 March 2019
Top funds managed
Nippon India Nifty Next 50 Junior BeES FoF Direct 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 19.01% since inception which is more than its category average return of 11.43%
Fund Allocations
This fund has an allocation of 99.79% in Equity, 0% in Debt and 0.21% in Cash related instruments
AUM size ₹382 Cr
This fund has AUM of ₹382 Cr which is less than its category average of ₹ 658 Cr
Expense Ratio 0.09%
This fund has an expense ratio of 0.09% which is less than its category average expense ratio of 0.81%
Frequently Asked Questions
The current NAV of Nippon India Nifty Next 50 Junior BeES FoF Direct Growth is ₹24.21 as on 06-May-2024.
Existing (Absolute + CAGR) as on 06-May-2024.
Nippon India Nifty Next 50 Junior BeES FoF Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.34% | 5.34% |
6 Month Returns | 47.04% | 47.04% |
1 Year Returns | 66.04% | 66.04% |
3 Years Returns | 90.46% | 23.96% |
5 Years Returns | 144.2% | 19.55% |
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.
0.09% as on April 2024
₹382 Cr as on April 2024
Financial Services(20.37%), Industrial(17.62%), Basic Materials(14.95%) as on April 2024
Mehul Dama is the fund manager of Nippon India Nifty Next 50 Junior BeES FoF Direct Growth
The Exit load of Nippon India Nifty Next 50 Junior BeES FoF Direct Growth is 0%