|Min SIP Amount||₹100|
|NAV||₹10.24 (23 Jul 2021)|
|Fund Started||30 May 2015|
|Fund Size||₹287 Cr|
|Grasim Industries Ltd.||Construction||Equity||9.1%|
|Larsen & Toubro Ltd.||Construction||Equity||5.6%|
|Axis Bank Ltd.||Financial||Equity||4.9%|
|Tata Steel Ltd.||Metals||Equity||4.9%|
|HDFC Bank Ltd.||Financial||Equity||4.2%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||4.1%|
|ICICI Bank Ltd.||Financial||Equity||3.9%|
Nippon India Equity Savings Fund IDCW is a Hybrid Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 May 2015. Sanjay Parekh, Anju Chajjer, Jahnvee Shah is the Current Fund Manager of Nippon India Equity Savings Fund IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹287 Cr and the Latest NAV as of 23 Jul 2021 is ₹10.24.
The Nippon India Equity Savings Fund IDCW is rated Moderately High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 12 months
The scheme seeks to generate income and capital appreciation by investing in arbitrage opportunities & pure equity investments 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.