|Min SIP Amount||₹100|
|NAV||₹21.25 (12 Aug 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹7,847 Cr|
|HDFC Bank Ltd.||Financial||Fixed Deposits||6.4%|
|Nippon India Money Market Fund Direct-Growth||Financial||Mutual Fund||5.8%|
|Bharti Airtel Ltd.||Communication||Equity||5.5%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||5.3%|
|Reliance Industries Ltd.||Energy||Equity||4.8%|
|ICICI Bank Ltd.||Financial||Equity||4.5%|
|Hindustan Unilever Ltd.||FMCG||Equity||4.2%|
|Nippon India Liquid Fund Direct-Growth||Financial||Mutual Fund||4.1%|
|Axis Bank Ltd.||Financial||Equity||4.1%|
Nippon India Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Payal Kaipunjal is the Current Fund Manager of Nippon India Arbitrage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹7,847 Cr and the Latest NAV as of 12 Aug 2020 is ₹21.25.
The Nippon India Arbitrage Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 1 month
The investment objective of the scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.