|Min SIP Amount||₹100|
|NAV||₹103.91 (26 Jul 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹10,262 Cr|
|Varun Beverages Ltd.||FMCG||Equity||4.3%|
|Cholamandalam Financial Holdings Ltd.||Financial||Equity||3.9%|
|Ashok Leyland Ltd.||Automobile||Equity||3.3%|
|Max Financial Services Ltd.||Financial||Equity||3.0%|
|L&T Technology Services Ltd.||Engineering||Equity||2.8%|
|ICICI Bank Ltd.||Financial||Equity||2.7%|
|Voltas Ltd.||Consumer Durable||Equity||2.4%|
|Apollo Hospitals Enterprise Ltd.||Healthcare||Equity||2.2%|
Nippon India Growth Fund Direct IDCW is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Manish Gunwani is the Current Fund Manager of Nippon India Growth Fund Direct IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹10,262 Cr and the Latest NAV as of 26 Jul 2021 is ₹103.91.
The Nippon India Growth Fund Direct IDCW is rated Very High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 100. Exit load of 1% if redeemed within 1 months
The scheme aims at long term growth of capital through research based investment approach. The funds will be invested in Equity and equity related instruments ,and there will be an exposure to debt and money market instruments also.
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.