|Min SIP Amount||₹100|
|NAV||₹11.49 (14 May 2021)|
|Fund Started||01 Apr 2014|
|Fund Size||₹11,038 Cr|
|Nippon India Money Market Fund Direct-Growth||Financial||Mutual Fund||7.5%|
|ICICI Bank Ltd.||Financial||Equity||4.6%|
|Tata Steel Ltd.||Metals||Equity||4.3%|
|Nippon India Liquid Fund Direct-Growth||Financial||Mutual Fund||4.2%|
|Bharti Airtel Ltd.||Communication||Equity||2.9%|
|State Bank of India||Financial||Equity||2.9%|
|Indusind Bank Ltd.||Financial||Equity||2.7%|
|Sun Pharmaceutical Inds. Ltd.||Healthcare||Equity||2.7%|
|Grasim Industries Ltd.||Construction||Equity||2.5%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||2.5%|
Nippon India Arbitrage Fund Direct IDCW Monthly is a Hybrid Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 01 Apr 2014. Payal Kaipunjal is the Current Fund Manager of Nippon India Arbitrage Fund Direct IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹11,038 Cr and the Latest NAV as of 14 May 2021 is ₹11.49.
The Nippon India Arbitrage Fund Direct IDCW Monthly is rated 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 scheme seeks 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.