|Min SIP Amount||Not Supported|
|NAV||₹582.79 (15 Jan 2021)|
|Fund Started||09 Aug 2007|
|Fund Size||₹8,188 Cr|
|Cholamandalam Financial Holdings Ltd.||Financial||Equity||4.6%|
|Varun Beverages Ltd.||FMCG||Equity||4.5%|
|ICICI Bank Ltd.||Financial||Equity||3.2%|
|Bharat Forge Ltd.||Automobile||Equity||2.7%|
|Ashok Leyland Ltd.||Automobile||Equity||2.6%|
|Voltas Ltd.||Cons Durable||Equity||2.5%|
|Balkrishna Industries Ltd.||Automobile||Equity||2.4%|
|Apollo Tyres Ltd.||Automobile||Equity||2.2%|
Nippon India Growth Fund Institutional Dividend is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 09 Aug 2007. Manish Gunwani is the Current Fund Manager of Nippon India Growth Fund Institutional Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹8,188 Cr and the Latest NAV as of 15 Jan 2021 is ₹582.79.
The Nippon India Growth Fund Institutional Dividend is rated Moderately High risk. Minimum SIP Investment is set to 100. For units more than 10% of the investments, an exit load of 1% if redeemed within 12 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.