Nippon India Growth Fund Direct Growth is a Equity Mutual Fund Scheme launched by Reliance 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹5,701 Cr and the Latest NAV as of 27 May 2020 is ₹928.69.
The Nippon India Growth Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 100. For units more than 10% of the investments, an exit load of 1% if redeemed within 12 months.
Investment Objective
The primary investment objective is to achieve long term growth of capital by investing in equity and equity related securities through a research based investment approach.
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)
₹100
Min for First Investment
₹100
Min for Second Investment
For units more than 10% of the investments, an exit load of 1% if redeemed within 12 months.
Exit Load