|Min SIP Amount||₹100|
|NAV||₹10.75 (23 Oct 2020)|
|Fund Started||14 Oct 2010|
|Fund Size||₹7,168 Cr|
|Nippon India Money Market Fund Direct-Growth||Financial||Mutual Fund||7.8%|
|Bharti Airtel Ltd.||Communication||Equity||5.7%|
|Reliance Industries Ltd.||Energy||Equity||5.6%|
|HDFC Bank Ltd.||Financial||Fixed Deposits||5.6%|
|ICICI Bank Ltd.||Financial||Equity||4.8%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||4.8%|
|Federal Bank Ltd.||Financial||Fixed Deposits||4.5%|
|Nippon India Liquid Fund Direct-Growth||Financial||Mutual Fund||4.5%|
|Sun Pharmaceutical Inds. Ltd.||Healthcare||Equity||2.5%|
Nippon India Arbitrage Fund Dividend Monthly is a Hybrid Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 14 Oct 2010. Payal Kaipunjal is the Current Fund Manager of Nippon India Arbitrage Fund Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹7,168 Cr and the Latest NAV as of 23 Oct 2020 is ₹10.75.
The Nippon India Arbitrage Fund Dividend Monthly 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 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.