Nippon India Growth Fund Institutional Dividend is a Equity Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 09 Aug 2007. Manish Gunwani is the Current Fund Manager of Nippon India Growth Fund Institutional Dividend.The fund currently has an Asset Under Management(AUM) of ₹6,632 Cr and the Latest NAV as of 08 Nov 2019 is ₹526.85.
The Nippon India Growth Fund Institutional Dividend is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year.
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)
₹5000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 1% if redeemed within 1 year
Exit Load