| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 2.55% |
| NAV | ₹8.64 (07 Aug 2020) |
|---|---|
| Fund Started | 30 May 2015 |
| Fund Size | ₹450 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Axis Bank Ltd. | Financial | Equity | 6.3% |
| Indian Receivable Trust | Financial | Securitised Debt | 5.9% |
| Larsen & Toubro Ltd. | Construction | Equity | 5.3% |
| Sun Pharmaceutical Inds. Ltd. | Healthcare | Equity | 5.0% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 4.8% |
| HDFC Bank Ltd. | Financial | Equity | 4.6% |
| SEI Enerstar Renewable Pvt. Ltd. | Engineering | ZCB | 4.5% |
| Indian Receivable Trust | Financial | Securitised Debt | 4.4% |
| State Bank of India | Financial | Equity | 4.3% |
| Grasim Industries Ltd. | Construction | Equity | 4.2% |
Nippon India Equity Savings Fund Dividend 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 Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹450 Cr and the Latest NAV as of 07 Aug 2020 is ₹8.64.
The Nippon India Equity Savings Fund Dividend 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 primary investment objective of this fund is to generate income and capital appreciation by investing in arbitrage opportunities & pure equity investments along with investments in debt securities & money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
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.