Nippon India Growth Fund Direct Growth is a Equity Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Manish Gunwani is the Current Fund Manager of Nippon India Growth Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹7,269 Cr and the Latest NAV as of 14 Feb 2020 is ₹1288.28.
The Nippon India Growth Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 100. Exit load of 1% if redeemed within 1 year.
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.
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)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 1 year