6M
1Y
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5Y
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Fund Details
Nippon India Equity Savings Fund IDCW
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 2.55% |
| NAV | ₹9.73 (13 Apr 2021) |
|---|---|
| Fund Started | 30 May 2015 |
| Fund Size | ₹303 Cr |
Returns
1Y
3Y*
5Y*
Since inception*
Fund Returns
20.8%
-3.3%
2.4%
2.0%
Category Average
23.1%
6.4%
7.9%
-
Rank Within Category
15
15
12
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount₹100
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
₹0
with 20.8% returns per annum
Comparison
Data not available
Pros
Found nothing so far.
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Higher expense ratio - 2.6%
3. 1Y Returns are lower than the category average returns
4. 3Y Returns are lower than the category average returns
5. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Grasim Industries Ltd. | Construction | Equity | 7.4% |
| Axis Bank Ltd. | Financial | Equity | 6.7% |
| Sun Pharmaceutical Inds. Ltd. | Healthcare | Equity | 4.7% |
| Larsen & Toubro Ltd. | Construction | Equity | 4.6% |
| HDFC Bank Ltd. | Financial | Equity | 4.4% |
| State Bank of India | Financial | Equity | 4.3% |
| Infosys Ltd. | Technology | Equity | 4.0% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.9% |
| Telangana State | Financial | SDL | 3.4% |
| ICICI Prudential Life Insurance Company Ltd. | Financial | Debenture | 3.2% |
See All
Fund Managers
Sanjay Parekh
Education
Mr. Parekh is a B.Com (H) and Chartered Accountant.
Experience
Prior to joining Nippon India Mutual Fund he has worked with ICICI Prudential MF, Ask Investments Managers, Prabhudas Lilladher, Sunidhi Consultancy Services, Insight Asset Management and Capital Market Magazine.
Funds Managed
Anju Chhajer
Education
Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
Experience
Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
Funds Managed
Kinjal Desai
Education
Ms. Desai is MSc(Economics)
Experience
Associate Equity Investements at NAM India Assisting Lead Analyst in Equity Research, idea generation and sector Monitoring., assisting Fund Managers in stock selection and monitoring of overseas investments.
Funds Managed
Anand Devendra Gupta
Education
Mr. Gupta is B.Com and PGDBA
Experience
Prior to joining Nippon India Mutual Fund he has worked with ICICI Prudential AMC and Refco - Sify Securities Pvt. Ltd.
Funds Managed
Sushil Budhia
Education
Mr. Budhia has done CA
Experience
Prior to joining Nippon India Mutual Fund, he has worked with YES Bank as Senior President, Axis Bank and UTI Mutual Fund.
Funds Managed
Nippon India Equity Savings Fund IDCW Details
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 ₹303 Cr and the Latest NAV as of 13 Apr 2021 is ₹9.73.
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
Investment Objective
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.
Tax Implications
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.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 10% of the investment,1% will be charged for redemption within 12 months
Exit Load
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About Nippon India Mutual Fund
Address
Corporate Office : Reliance Centre, 7th Floor South Wing, OFf Western Express Highway, Santacruz(E) Mumbai-400055
Phone
022-33031000/30301111
Launch Date
30 Jun 1995
Website
NANippon India Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Website
www.karvymfs.comSimilar Funds
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